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- MPFA Chairman listens to the views of FTU on MPF funds with stable returns and low fees (20 July 2023)
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MPFA Chairman listens to the views of FTU on MPF funds with stable returns and low fees (20 July 2023)
MPFA Chairman Mrs Ayesha Macpherson Lau, Managing Director Cheng Yan-chee, Executive Director (Policy) Mr Eric Cheng and other colleagues met with Chairman of The Hong Kong Federation of Trade Unions (FTU) and Legislative Councilor Hon Kingsley Wong, Vice Chairman of FTU and Right and Benefits Committee Mr Lam Wai Kong and Mr So Pak Tsan today (20 July) to listen to their views on the provision of MPF funds with stable returns and low fees.
Mrs Lau said that MPFA was currently working closely with the Hong Kong Monetary Authority to conduct a study on MPF funds that would offer stable returns at low fees as stated in the Financial Secretary’s Budget Speech delivered earlier this year. She added that details would be announced in due course. She thanked FTU for their invaluable views on MPF returns and fees, and reiterated that MPFA shared a common stance with FTU on the rights of retirement protection of employees and would strive to provide more diversified and suitable MPF investment options for employees while balancing returns and risks.
