MPF should be in the workers' hands

The Consumer Council found huge variations in management fees with the MPF fund expense ratio (FER) - fees and charges as a percentage of the total fund size - ranging from 0.17 per cent to 4.62 per cent.

SCMP, October 16

I wonder whether the Consumer Council was really able to get to the bottom of this MPF cost scandal. Management fees are only one way in which our forced savings in this misconceived scheme are pilfered and the council has no powers to make the thieves reveal all.

via Business feed http://www.scmp.com/business/article/1063438/mpf-should-be-workers-hands