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- MPFA Chairman welcomes the launch of a new MPF product by HSBC
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MPFA Chairman welcomes the launch of a new MPF product by HSBC
The Chairman of Mandatory Provident Fund Schemes Authority Mr Henry Fan Hung-ling today (10 January 2008) welcomed the launch of a new MPF product by HSBC. Mr Fan said that the new scheme helps meet the needs of scheme members as it is simple and has a low management fee.
He was pleased with the low management fees of 1.25% and said the simple structure will assist scheme members, particularly the less sophisticated ones and those with limited time, in managing their MPF investment.
Mr Fan looks forward to having more funds with simple structure and low management fee being offered in the market to better meet the needs of all MPF scheme members.
10 January 2008, Thursday
He was pleased with the low management fees of 1.25% and said the simple structure will assist scheme members, particularly the less sophisticated ones and those with limited time, in managing their MPF investment.
Mr Fan looks forward to having more funds with simple structure and low management fee being offered in the market to better meet the needs of all MPF scheme members.
10 January 2008, Thursday
