To appeal to an estimated quarter of MPF scheme members, who have not made a choice as to where their funds are invested, the Default Investment Strategy now offers a standardised, low-fee investment solution. Photo: AFP

New deal: MPF’s Default Investment Strategy slashes charges in half

Permissible charges are set at no more than 0.75 per cent of net asset value for the services of trustee, administrator and investment fund manager plus 0.20 per cent for recurrent out-of-pocket expenses

Topic |   Mandatory Provident Fund

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To appeal to an estimated quarter of MPF scheme members, who have not made a choice as to where their funds are invested, the Default Investment Strategy now offers a standardised, low-fee investment solution. Photo: AFP
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