Pension providers fight brutal battle over MPF

Hong Kong''s new retirement scheme is one of the few things that the city''s workers are not queuing up for.

Only one-sixth of Hong Kong's 300,000 businesses have signed up with a pension provider, even though the launch of the Mandatory Provident Fund is less than five months away. The remainder are waiting for a better deal. And the media, the providers complain, are partly to blame because of their obsessive reporting on the levels of fees.

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