MPF managers under fire for fees amid Covid-19 rout
Hong Kong’s mandatory provident fund trustees are facing a backlash for receiving high fee incomes despite offering poor returns and could see pressure to allow withdrawals.
Hong Kong’s Mandatory Provident Fund (MPF) providers are coming under renewed political and market criticism after recording their worst-ever quarterly loss in the first three months of this year, yet still pocketing high management and administration fees.
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