The Mandatory Provident Fund has failed to ensure adequate protection for retirees. Policy failures have led many elderly people without retirement protection. Complaints of lacklustre fund performance and high administrative fees continue to be on the rise.
This month, our experts give voice to their views about:
- By the end of this year, a core fund option for employees will be introduced. What will this mean for the providers and the employees going forward?
- Many have criticised the MPF system for their high fees. Will the core fund fee cap make a change to the system? Are there any other options in reducing the fee?
- The MPF has performed sluggishly since last October, what should employees do in this volatile market?
- How can the current MPF system be further developed to fully address retirement protection for the elderly?