Hong Kong's MPF Full Portability scheme, allowing employees to transfer both their own and employer's contributions annually, is set to begin on December 21. Lawmakers support the arrangement, believing it will foster competition among trustees and help drive down administrative fees. However, lawmaker Chau Siu-chung noted that about 80% of the public remains unclear about the scheme's meaning, emphasizing the need for stronger public awareness and simplified information from the government. Lawmaker Lam Chun-sing cautioned against frequent scheme changes, which could lead to high administrative costs and affect long-term returns.