Michael Edesess says it's misleading to suggest that higher MPF fees deliver higher returns
In their responses to the proposal to cap MPF fees, MPF providers - and even some government officials - are misleading the public.
One said that "rather than talking about adding a cap on fees, the authority should ask people about the performance of MPF funds", and noted that while some MPF funds charged low fees, their performances were "awful". Yet another said: "This will limit the choice of employees as some may not mind paying a higher fee for a higher return product."