Just had a presentation by our MPF provider (Manulife).
I think most of you already know the MPF is a bit of a joke, but would like to share some information they provided (and appreciate some of you may already know this and is a bit obvious):
- They fully acknowledge their fees are high and ere not ashamed to hide this fact. When asked why they can charge 0.90% management fees for their tracker fund (which all it does is buy 2800HK) they admitted they happily take the 0.80% profit.
- They reckon that their fees are reasonable in the market (notwithstanding what they said above).
- They reckon that you should regularly chop and change investments depending on market sentiment should invest in what is performing well at the time
- Their DIS (which I invest in) is managed by Vanguard. It has the lowest fees of any of their funds at 0.75%. The DIS, up until the age of 50 is a standard 60/40 equity bond split and Vanguard invests it in its Vanguard ETFs.