Hong Kong MPF full portability for 1M employees starts December 21

Hong Kong's Mandatory Provident Fund Schemes Authority will allow about 1 million employees to transfer their entire MPF balance to another provider once a year, starting December 21 in a two-phase rollout. This is a regulatory change to enhance competition among pension providers and give workers more control over retirement savings. The phased implementation suggests operational complexity, and the impact on fund flows and provider market share is uncertain.

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