Mandatory Provident Fund

More than 60 per cent of funds at HSBC already charge low fees as defined by the Mandatory Provident Fund Schemes Authority. Photo: Bloomberg

MPF fee cuts at HSBC to spark industry-wide reductions

HSBC, the largest bank in Hong Kong, will cut the management fees charged for its Mandatory Provident Fund schemes from December 1, with the fees for some constituent funds set to fall by 27 per cent.

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