Why Should Minibonds Stay Out of a “Full Portability” MPF?

What did a 2011 scholar propose for MPF “bank-accountisation”?

In 2011, HKU’s Terence Chong proposed turning MPF accounts into flexible “wealth-management accounts” — members could invest in non-synthetic passive ETFs, but complex high-risk structured products like minibonds and accumulators must be kept out. It would work like a bank wealth account with no withdrawals, while employer contribution records still served long-service-payment offsets.

Why did the government only back “semi-portability”?

It cited the employer-contribution offset arrangement for long service payments; semi-portability lets staff move only their own contributions, once per calendar year.

How to choose with more investment options?

Compare fund categories, fees and returns at MPF fund comparison to match your risk appetite.