Hong Kong workers have long complained that they are paying unnecessarily high fees and charges on their Mandatory Provident Fund savings. The Mandatory Provident Fund Schemes Authority has...
The whole point about the Mandatory Provident Fund scandal is that the MPF never at any time relied on market forces to set fee levels.
Operators of MPF pension schemes could be asked to slash administrative fees for all their funds, under reforms proposed by the pension regulator on Monday.
Free ice cream, smartphone software applications and reduced fees are weapons the city's 19 Mandatory Provident Fund providers are using to lure HK$257.5 billion in workers' pension contributions...
Hongkongers should guard against unscrupulous sales practices under the new scheme that allows people to choose their Mandatory Provident Fund service provider, a legislator warns.
Sunday, Apple Daily
Shenzhen retailers keep yuan low to draw HK customers
The regulator of the Mandatory Provident Fund scheme is warning of problems if the government steps in to administer workers' retirement savings.
"Hong Kong is a free market. However, if free market competition pressure cannot bring fees down we have to consider adding a cap."
Diana Chan Tong Chee-ching, MPF...