Employees prepare to switch MPF providers

Around one-third of Mandatory Provident Fund-member employees say they may switch to another MPF service provider once the employee choice regime is implemented, according to a survey commissioned by the Hong Kong Investment Funds Association (HKIFA). A total of 3l% of those surveyed by the HKIFA in July and August said they would consider the switch. The key reasons cited for switching providers are the desire to look for better investment returns (56%) and more fund choices (28%). …