Employee Choice Halted: Members Must Stay Sharp

What happened?

The Employee Choice Arrangement was due early this year but got shelved — the government wants intermediary regulation legislated first, pushing it to the second half of next year at the earliest. The MPFA calls regulation readiness a prerequisite.

What should members watch?

Once live, trustees face millions of members directly and intermediaries will pull every trick to win business — expect a marketing blitz. Do your own homework: compare fees and performance on MPF fund comparison.