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- MPFA to provide performance and fee information on same page on Fee Comparative Platform
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MPFA to provide performance and fee information on same page on Fee Comparative Platform
The Mandatory Provident Fund Schemes Authority (MPFA) today (19 June) announced that the five-year and ten-year annualised rates of return of MPF funds are now available alongside their fee information on the same page on the Fee Comparative Platform (FCP) of the MPFA website.
An MPFA spokesman said, “In the past, scheme members could obtain fund performance data from the Fund Fact Sheets attached to the FCP, supplemented by a performance information report, updated monthly, posted on the MPFA website.
“To answer to the public’s call for more convenient access to fund performance data, the MPFA has enhanced the FCP to enable scheme members to get both the fee information and the annualised rates of return at a glance.”
The annualised rates of return posted will be updated every month.
The spokesman said the MPFA reminded scheme members that when choosing MPF schemes and funds, they should consider four main factors – the fee, the product, the trustee’s service and personal factors. Scheme members should also bear in mind that the past performance of funds is not necessarily indicative of future performance and that they should not make any investment decisions on the basis of historical fund returns.
In addition to the FCP, the MPFA website carries a list of MPF funds with a lower Fund Expense Ratio (FER). The list, updated monthly, shows the fee information of the 5% of funds (excluding MPF Conservative Funds) with the lowest FER. It will also have the funds’ annualised rates of return starting from July.
- Ends -
19 June 2013
An MPFA spokesman said, “In the past, scheme members could obtain fund performance data from the Fund Fact Sheets attached to the FCP, supplemented by a performance information report, updated monthly, posted on the MPFA website.
“To answer to the public’s call for more convenient access to fund performance data, the MPFA has enhanced the FCP to enable scheme members to get both the fee information and the annualised rates of return at a glance.”
The annualised rates of return posted will be updated every month.
The spokesman said the MPFA reminded scheme members that when choosing MPF schemes and funds, they should consider four main factors – the fee, the product, the trustee’s service and personal factors. Scheme members should also bear in mind that the past performance of funds is not necessarily indicative of future performance and that they should not make any investment decisions on the basis of historical fund returns.
In addition to the FCP, the MPFA website carries a list of MPF funds with a lower Fund Expense Ratio (FER). The list, updated monthly, shows the fee information of the 5% of funds (excluding MPF Conservative Funds) with the lowest FER. It will also have the funds’ annualised rates of return starting from July.
- Ends -
19 June 2013
