The average net return of Money Mandatory Provident Fund reached 16 percent in 2025, thanks to the strong performance of global stock markets, Hong Kong's pension fund regulator said.
The digital platform of MPF Schemes, eMPF, is expected to further cut fees by over 20 percent to below 30 basis points in the next financial year and could save HK$50 billion within 10 years, said the Mandatory Provident Fund Schemes Authority chair Ayesha Macpherson Lau.
The eMPF was set to shorten its 10-year fee cut target to five years, including reducing fees to 20 to 25 bps and saving HK$30 to HK$40 billion.
If the administration fees are cut from 58 basis points to 20 basis points, the cumulative funds will additionally increase 10 percent
after retirement over 40 years of funding and investment, Lau noted.
She pointed out that the authority will continue to ask trustees to implement the five-year fee cuts plan of other charges, believing that trustees will prioritize the interests of scheme members.
Eleven trustees, involving 230,000 employers and 7.4 million member accounts, have been arranged to join the platform, with HSBC's (0005) four schemes will be added at the end of this month and in January 2026, separately.
By April next year, all MPF schemes and trustees will be onboarded in the eMPF, the authority said.
As of December 8, the equity funds, mixed assets funds, and bond funds ranked the top three in average net return, recording 25 percent, 16.3 percent and 5.6 percent, respectively.
The return of core accumulation fund under the Default Investment Strategy (DIS), often referred to as the "default fund for passive investors," was 13.6 percent.
In addition, MPFA has processed over 3 million administrative instructions, among which two-thirds were submitted electronically.
The inquiries and complaints are mainly related to adapting to the new system, the MPFA said, adding that the contractor has increased the manpower of customer services by more than one time to 1,300 in the past half year.
