Members of the Alliance for Universal Pensions protest outside the Legislative Council before Financial Secretary Paul Chan Mo-po delivered his budget in February. The low-management-fee option of the Mandatory Provident Fund garnered worse returns than schemes with a heavy equity emphasis. Photo: K. Y. Cheng
Stephen Vines
Opinion

Opinion

The View by Stephen Vines

Dismal returns of MPF’s low-fee fund are a symptom of the scheme’s overall mediocrity

Stephen Vines says tinkering with the Mandatory Provident Fund won’t do much good, the scheme itself needs to go

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Members of the Alliance for Universal Pensions protest outside the Legislative Council before Financial Secretary Paul Chan Mo-po delivered his budget in February. The low-management-fee option of the Mandatory Provident Fund garnered worse returns than schemes with a heavy equity emphasis. Photo: K. Y. Cheng
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