Was a Decade of MPF Enough for Retirement?

Why Did a 2011 TV Show Question Whether MPF Could Fund Retirement?

In January 2011, a TV current-affairs programme marked ten years of MPF by asking whether the scheme could really protect members’ retirement. Two good years of returns did not settle it: inflation eroded purchasing power, returns were never guaranteed positive, and lengthening life expectancy meant a bigger pot was needed.

Why Was Employer Choice Seen as Unfair?

At the time, employers chose the MPF provider and workers had to follow. Guests on the show backed the “semi-portability” proposal letting employees pick their own provider, so competition could drive fees down. Job-hoppers with scattered preserved accounts were urged to consolidate them.

How should you manage MPF accounts?

Compare MPF funds to see fees and performance across schemes before consolidating old accounts.