How Do MPF Providers Obstruct Switching?

What did an ezone2k blog expose in 2011?

A 2011 ezone2k blog complained that even before semi-portability launched, some MPF providers were “playing games”: dragging out transfers and piling on paperwork to block members leaving. The blogger reminded workers that switching is a statutory right trustees must honour.

How should workers respond?

Read the procedure and document list before switching, keep records, and complain to the MPFA over unreasonable delays. Don’t pick trustees on sales talk alone — check the data at MPF fund comparison.

What to weigh before switching?

Fees, fund performance and service; switching isn’t better the more often — think long-term.