The Mandatory Provident Fund Schemes Authority (MPFA) launched a one-stop MPF Fund Platform (Platform) to further enhance the transparency of the MPF funds. The Platform allows scheme members to obtain more information on the management fees of MPF funds whilst further promoting market competition.
The Platform, which amalgamates the existing Fund Performance Platform, Fee Comparative Platform, Low Fee Fund List and DIS (Default Investment Strategy) Fund List, provides a one-stop solution for MPF scheme members to examine information about different MPF funds and compare their management fees and investment performance, etc. The Platform reveals in detail each of the components under the management fees of MPF funds, namely the administration fee / trustee fee / custodian fee, the sponsor fee, and the investment management fee, so as to provide scheme members with more relevant information.
The MPFA encouraged scheme members to make good use of the various online tools provided to review their investment portfolio regularly and to formulate an appropriate investment strategy according to their stage of life, investment goals and risk tolerance level.