INDIVIDUALS should be able to choose the unit trust or investment house to handle their Mandatory Provident Fund contributions, a pro-China think-tank recommended yesterday.
The One Country Two Systems Economic Research Institute suggested the fund should maintain its mandatory and portable nature, as the Government proposed.
But employees, instead of employers, should be seen as an individual unit, it said.
And they could be given complete freedom to handle their own accounts in the fund which would be supported by an employer's contribution.
The Government should be free from contributing a penny to the fund, and the Monetary Authority should monitor the fund's running with the extra costs borne by the unit trust.
The managing central fund organisation should be set up by loans from the Government.
