Employee Choice Risks: Beware a Lehman Repeat

What are the hidden risks of Employee Choice?

LegCo passed annual transfers of employee-contribution accruals — HK$150 billion in play; commentators warn the mis-selling behind Lehman and accumulator lawsuits could replay under Employee Choice, with wider fallout. Competition should cut fees and lift service, but intermediary sales tactics need tight policing.

How do workers avoid being the mark?

Do your own homework before moving — never take an intermediary’s word alone. Independently compare funds’ fees and performance, read the terms, then sign.