[SymS]

My MPF contributions are partly allocated to an Interest Fund. This fund returns 1% per year. I have just received a letter from Manulife saying they decreased the fees on this MPF interest fund to 2% of NAV.

Does that mean that I'm actually losing around 1% a year investing in this interest fund?

Did I miss something?

[Oldtimer]

Yes. But your loss will be more than1% as their other charges also which MPF provider do not tell you.

[tylney]

you know you can switch out of the interest fund into some of the other fund options contact your MPF provider to find out what these options are if you don't already know.