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Story summary
- The Mandatory Provident Fund will cut fees for 378 investment funds by over 21% starting April 1, approved by Financial Secretary Paul Chan.
- The cut lowers fees from 0.37% to 0.29% of assets, benefiting 4.8 million members.
- The Mandatory Provident Fund Schemes Authority (MPFA) now expects HK$50 billion in savings in under ten years (US$6.4 billion).
- MPF Ratings warns of volatility due to geopolitical tensions despite record-high assets of HK$1.63 trillion.
