Is MPF Free or Not?

What did Fidelity’s KP Luk write in 2011?

A 2011 “MPF Insights” column noted workers feel MPF isn’t free: contributions are forced, not voluntary, and employers always chose the provider. But a Fidelity 2010 survey of 500 people aged 18–64 found 55% had “no opinion” on MPF performance, 29% ignored it as long-term, 18% saw no need to bother since withdrawals were locked; workers averaged 2.4 MPF accounts, never consolidating on job changes.

Is the problem freedom or apathy?

The column argued the issue may not be freedom but surrendered rights — misconceptions, missing investment knowledge, and a fuzzy sense of MPF’s role in the overall portfolio.

What comes with semi-portability?

Expected in late 2012, 2.2 million members could move their employee-contribution portion to chosen providers; to use that freedom well, review your account now at MPF fund comparison.