What were the key MPF developments in May 2011?
May 2011 brought four big stories: the government scrapped the HK$6,000 MPF injection for a cash handout, the MPFA reviewed contribution income limits, the “semi-portability” launch slipped to July 2012 as the “Employee Choice Arrangement”, and tougher intermediary regulation was tabled. Financial Secretary John Tsang dropped the injection plan on 2 March, paying HK$6,000 cash to all permanent residents aged 18+ instead.
What is the Employee Choice Arrangement?
The renamed “semi-portability”: employees choose their own MPF provider, expected from July 2012, covering about 2.3 million workers.
How to prepare for employee choice?
Compare trustee fees and fund performance at MPF fund comparison and shortlist early.
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