AIA Hong Kong will reduce the administrative fees for its Mandatory Provident Fund (MPF) schemes starting December 3, with half of the funds seeing cuts of more than 50 percent, mainly thanks to the implementation of the eMPF Platform.
This move is expected to benefit over one million AIA MPF members, demonstrating the platform's effectiveness in lowering administrative costs.
AIA stated that the fee reduction will help enhance members' retirement investment returns. Particularly for long-term investments, the power of compound interest and growth potential can more effectively accumulate greater retirement savings.
To attract members to join AIA via the digital platform, the insurer is also offering a bonus incentive of up to HK$18,888.
