MPFA response to media enquiries
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The following is issued on behalf of the Mandatory Provident Fund Schemes Authority:

     In response to media enquiries about fee reduction of Mandatory Provident Fund (MPF) funds, a spokesperson for the Mandatory Provident Fund Schemes Authority (MPFA) gave the following reply:

     The MPFA welcomes the initiative made by a trustee to reduce management fees of MPF funds and looks forward to having more trustees following suit.

Ends/Tuesday, August 28, 2007
Issued at HKT 18:19

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