Would the MPFA Set Up a Public Trustee?

How did the MPFA study forcing fee cuts in July 2011?

In July 2011, reports said officials weighed two moves to force 19 trustees to cut admin fees: legislating detailed financial disclosure to regulate charges, or creating a public trustee to drive voluntary cuts through competition. Chairman Anna Wu personally favoured a public or social-enterprise trustee run on a “no profit, no loss” basis.

How far had the ideas gone?

Both were preliminary concepts pending consultation, with no timetable; the MPFA would also report on letting seriously ill members withdraw before 65.

How would a public trustee help workers?

One more low-fee choice; compare existing trustee fees first at MPF fund comparison.