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Hong Kong’s older pension plans outperformed city’s Mandatory Provident Fund, says Mercer
 

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Hong Kong’s MPF, which covers 2.8 million working adults, is on track to post its best yearly performance since 2009, based on the 19 per cent return it has recorded in the first 11 months. Photo: Felix Wong
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Investor survey finds 54pc favour switching to equity funds, with annual management fees roughly double those of the low-cost default option

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