MPF exam Introduction to the eMPF Platform question: corresponding fee reduction requirement refers to the requirement

Answer: D. the fund expense ratio of constituent funds must fully reflect the cost savings

Answer: the fund expense ratio of constituent funds must fully reflect the cost savings. The overall fund expense ratio of constituent funds must fully reflect the cost savings, ensuring a corresponding reduction in the overall fee level.Why not the others:• members receive a cash rebate equal to the eMPF Platform fee: savings flow through fund expense ratios, not cash rebates.• the MPFA sets a maximum fee for every constituent fund each year: there is no MPFA-set annual maximum fee for every fund.• trustees must cut their fees by the same percentage as other trustees: the requirement is about each fund reflecting savings, not matching other trustees.Watch out: Confusing the fee reduction mechanism with a cash rebate.Rule: Corresponding fee reduction: FER fully reflects savings; shortfall paid back into the fund.Source: MPF Study Notes, Tenth Edition (June 2026; examinable from 1 Oct 2026), section 8.3 (checked 31 Oct 2026)