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MPFA response to media enquiries
In response to media enquiry about fees of MPF funds charged by HSBC, the spokesperson for the Mandatory Provident Fund Schemes Authority (MPFA) gave the following reply:
MPFA welcomes the initiative made by HSBC to reduce fees of its MPF funds including the Capital Preservation Fund, the Index Tracking Fund, the Balanced Fund and the Stable Growth Fund to benefit its scheme members. MPFA looks forward to having MPF trustees to follow suit to lower fees of other types of MPF funds so that more scheme members can be benefited.
End/Tuesday, 2 October 2007
MPFA welcomes the initiative made by HSBC to reduce fees of its MPF funds including the Capital Preservation Fund, the Index Tracking Fund, the Balanced Fund and the Stable Growth Fund to benefit its scheme members. MPFA looks forward to having MPF trustees to follow suit to lower fees of other types of MPF funds so that more scheme members can be benefited.
End/Tuesday, 2 October 2007
