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MPF managers under fire for fees amid Covid-19 rout

Jolie Ho
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.
MPF managers under fire for fees amid Covid-19 rout

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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