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A number of factors are important when making decisions about your MPF investments. Factors such as the range of services you are getting, the risk (and likely return) attributes of funds and how they fit with your personal needs are important. Fees and charges are also important.
Fees and expenses paid by MPF funds are measured by the fund expense ratio, i.e. the FER. The FER indicates the total amount of fees and expenses charged to a MPF fund. Gross investment performance is reduced by the amount of fees and expenses.
The table below provides a general picture of the FER for all MPF funds and for the six different types of MPF fund. Only summarized information is presented at this stage as permitted under the existing legislation. On 27 June 2007, the Government introduced into the Legislative Council proposed amendments to the legislation. If the amendments are enacted, Phase II of the Platform will be launched, where the name and specific details of all MPF funds will be disclosed.
In the meantime, you can use the FER contained in the Fund Fact Sheet of your MPF scheme to check whether the FER of your MPF fund is higher or lower than the overall average, or the average for your type of fund.
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