Two months after they were allowed to choose their own Mandatory Provident Fund providers, about 30,000 have done so - a figure the industry says is low but which the government considers satisfactory.
The figure is about 1.3 per cent of everyone covered by the city's compulsory retirement scheme.
Workers have been able to shift from November 1 the portion of their contributions to any provider they like once a year.
Under the scheme, the employer and the employee each contribute 5 per cent of the worker's monthly salary, up to a combined HK$2,500 a month, to funds run by banks, insurers or fund houses.
The employer picks the providers, while the worker decides how to allocate the contributions to their various funds.
Until November, employees could not leave the providers even if they were unhappy with the service or fees. The change in November was aimed at creating competition to force providers to perform better.