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MPFA welcomes fee reduction made by Sun Life Financial

The Mandatory Provident Fund Schemes Authority (MPFA) today (3 March 2008) welcomed the initiative made by Sun Life Financial to reduce the aggregate management fees of its existing six funds managed by First State to benefit its scheme members. MPFA looks forward to having more MPF trustees to follow suit to lower fees of other types of MPF funds so that more scheme members can benefit.


End/ Monday, 3 March 2008