Complaints over fees and poor MPF service

The Employee Choice Arrangement has arrived, so workers may move the money in their Mandatory Provident Funds, but with restrictions. They may move only their own contributions, not the money paid by their employers, and they can do so only once a year.

Hongkongers have reacted to the liberalisation with ambivalence. People definitely want the freedom to move and, in particular, to push back on perceived poor service from their current MPF providers. But investors also complain that the new fund-switching reforms are too complicated and don't go far enough.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1078717/complaints-over-fees-and-poor-mpf-service