Posted by
velocity
19 yrs ago
What do most of you guys do when you switch to a new company, uproot the existing MPF account and transfer to the new one, or..
Keep two accounts as it is?
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At the moment, as you know, you have to sign up to the employer's provider but this looks to change so the employee chooses his/her MPF provider - good thing too.
Perhaps you should look at the track record of the old and new providers as some are not as good as others. If the old one is not so hot, then change. If the new one is not so hot, leave the existing account with the old one. It might be a bit of trouble to track different MPF accounts but it might be preferable to putting all your eggs in one basket.
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i have 3 mpf accounts (1 current employer and 2 preserved). i was going to transfer all to the current ones but didn't because the performance on the preserved a/cs was sooo much better than HSBC. i get a yearly statement from my preserved a/cs.
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I have an existing Hang Seng MPF account. And the new employer's provider is Principal. Haven't heard of Principal. What's your advise from the floor?
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