What did Sun Life say in 2011?
In 2011 Sun Life launched a “Select Personal Account” under its Rainbow MPF scheme, targeting preserved-account members with dedicated services and fund choices. Preserved accounts left from job changes could transfer in for consolidated management.
Why consolidate preserved accounts?
Scattered across trustees, preserved accounts keep charging admin fees with uneven performance; consolidation simplifies management and saves fees.
How should workers choose?
Compare trustees’ preserved-account fees and fund performance — start at MPF fund comparison.
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