Member Choice Is Coming: Do Your Homework Before Switching Schemes

The MPF Employee Choice Arrangement is imminent — workers will pick schemes for the first time. Do your homework before switching; don’t jump blind.

What should you compare?

Fees, performance, fund choice. Trustee fees can differ widely and fund track records diverge; check whether the fund menu suits your risk appetite and how the trustee’s service rates.

What does switching cost?

The switch itself is free — but watch guarantee terms. Transferring accrued benefits under member choice incurs no switching fee, but leaving a guaranteed fund may affect guarantees; investments keep running during transfer, though market moves continue.

Must you switch?

No — choice is a right, not a duty. If your current plan’s fees are fair and performance decent, staying put is fine. What matters is knowing how to compare, not following the herd. Compare MPF funds’ fees and track records at MPF fund comparison.