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- MPFA welcomes fee reduction made by Principal
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MPFA welcomes fee reduction made by Principal
The Mandatory Provident Fund Schemes Authority (MPFA) today (22 November 2007) welcomed the initiative made by Principal Trust Company (Asia) Limited to reduce the management fees of its Capital Preservation Fund, Hong Kong Dollar Savings Fund and US Dollar Savings Fund under its MPF Scheme Series 600 and 800 to benefit its scheme members. MPFA looks forward to having MPF trustees to follow suit to lower fees of other types of MPF funds so that more scheme members can benefit.
End/22 November 2007, Thursday
End/22 November 2007, Thursday
