Manulife said on Wednesday it will cut management fees across all 29 constituent funds under its Manulife Global Select Mandatory Provident Fund scheme, with reductions ranging from 9 percent to 22 percent, as Hong Kong’s largest MPF provider moves to pass on cost savings after joining the government’s eMPF platform.
The fee cuts will take effect on Feburary 6, 2026, following the scheme’s onboarding to the centralized eMPF platform in November 2025, the insurer said. More than two million Manulife MPF members are expected to benefit from the reductions.
Manulife also unveiled an enhanced incentive program, dubbed “Manulife Privileged Rates Plus”, offering lower management fees and loyalty-based rebates to customers who open MPF personal accounts and tax-deductible voluntary contribution accounts from November 6, 2025.
Jeanie Ho, Manulife’s head of retirement for Hong Kong and Macau, said the fee cuts would allow the insurer to share the benefits of its scale with members while helping create a more cost-efficient environment to support the growth of their retirement savings.
Under the revamped programme, management fee discounts will apply to aggregated MPF assets starting from HK$50,000 across up to 13 constituent funds, while additional loyalty rebates will be available for long-term members across as many as 26 funds.
