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Scenarios & Impact Analyses

The DIS will affect new and existing scheme members in the different ways after implementation.

New scheme members

For new scheme members who enroll in an MPF scheme on or after 1 April 2017, they will have three options in respect of their MPF investment.

  • Option 1 : Do not make any investment choice
    If scheme members do not make any investment choice, their MPF benefits will be invested according to the DIS automatically.
  • Option 2 : Proactively choose the DIS
    Scheme members can proactively choose to invest according to the DIS, in which case their MPF benefits will be automatically invested in the CAF and/or the A65F depending on their age at the time.
  • Option 3 : Invest by choosing any constituent funds
    Scheme members can invest by choosing different constituent funds. Of course, scheme members will also be able to invest in the CAF and/or the A65F individually, but without de-risking mechanism automatically when they get older.


Existing scheme members

  • Scenario 1
    For existing members who joined an MPF scheme before 1 April 2017, all accrued benefits in their pre-existing account being invested in the existing default fund/arrangement and no investment instruction being given (known as “DIA account”).
    Impact includes:
    • There are special rules and arrangements to be applied to determine whether accrued benefits in a DIA account will be transferred to the DIS.
    • Relevant scheme members will receive a notice called the DIS Re-investment Notice explaining the impacts on members’ pre-existing account and giving members an opportunity to give a specified investment instruction to the Trustee before the accrued benefits are invested into the DIS.
      (Note: Only apply to members who are under or becoming 60 years of age on 1 April 2017.)
  • Scenario 2
    For existing members who joined an MPF scheme before 1 April 2017, part or none of the accrued benefits in their pre-existing account being invested in the existing default fund/arrangement, and Trustee has not received any specific investment instructions from the members.
    Impact includes:
    • Unless the Trustee has received the specific investment instructions from the members, otherwise members’ accrued benefits will be invested in the same manner as accrued benefits were invested immediately as at 31 March 2017.
    • Relevant members’ future contributions and accrued benefits transferred from another scheme which contributed on or after 1 April 2017 will be invested in the DIS, until the Trustee has received specific investment instructions from scheme members.
  • Scenario 3
    For existing members who joined an MPF scheme before 1 April 2017 and have made the valid investment instruction.
    Impact includes:
    • Scheme members may continue to invest in their existing funds.
    • Scheme members may also, at any time, ask their trustees to switch funds for them so that their MPF accrued benefits and/or future contributions are invested according to the DIS.

Scheme members may make their investment choice at their own discretion at any time

Scheme members may make valid specific investment instruction through the following channels at any time：

  • Website
  • Interactive Voice Response System
  • Smart phone or tablet apps
  • Form

 

You should consider your own risk tolerance level and financial circumstances before making any investment choices. In your selection of funds, if you are in doubt as to whether a constituent fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the fund(s) most suitable for you taking into account your circumstances.

Important Note - Fraudulent Websites

BOCI-Prudential Trustee Company (“our Company”) found fraudulent websites which seek to pass off as our Company, and can be searched and accessed through internet search engines. Customers are advised to always stay vigilant about scams.

Please note that  www.bocpt.com is the ONLY official website of our Company. We have not authorized any agent or third party to use any of our materials and trademarks to set up other websites. If you have any doubts, please contact our Customer Service Hotlines at 2929-3030/2929-3366 or email to mpf@bocpt.com for verification. Please click here for more security information.

 

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Please read the Terms and Conditions on the Website before using any services available on the website and / or via telephone services (collectively, the “Services”). Your continued use of the Services will mean that you irrevocably and unconditionally accept and agree to be bound by the Terms and Conditions as the same may be amended from time to time and any amendment to the Terms and Conditions shall be effective immediately upon posting on the Website.

 

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BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme

IMPORTANT INFORMATION

  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of Constituent Funds, you are in doubt as to whether a certain Constituent Fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the Constituent Fund(s) most suitable for you taking into account your circumstances.
  • You should consider your own risk tolerance level and financial circumstances before investing in the MPF Default Investment Strategy (as defined in section 6.7 (MPF Default Investment Strategy)). You should note that the BOC-Prudential Core Accumulation Fund and the BOC-Prudential Age 65 Plus Fund may not be suitable for you, and there may be a risk mismatch between the BOC-Prudential Core Accumulation Fund and the BOC-Prudential Age 65 Plus Fund and your risk profile (the resulting portfolio risk may be greater than your risk preference). You should seek financial and/or professional advice if you are in doubt as to whether the MPF Default Investment Strategy is suitable for you, and make the investment decision most suitable for you taking into account your circumstances.
  • You should note that the implementation of the MPF Default Investment Strategy may have an impact on your MPF investments and accrued benefits. We recommend that you consult with the Trustee if you have doubts on how you are being affected.
  • Fees and charges of a MPF conservative fund can be deducted from either (i) the assets of the fund or (ii) members’ account by way of unit deduction. The BOC-Prudential MPF Conservative Fund uses method (i) and, therefore, unit prices/NAV/fund performance quoted have incorporated the impact of fees and charges.
  • If you are in doubt about the meaning or effect of the contents of the information in this website, you should seek independent professional advice.

 

My Choice Mandatory Provident Fund Scheme

IMPORTANT INFORMATION 

  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of Constituent Funds, you are in doubt as to whether a certain Constituent Fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the Constituent Fund(s) most suitable for you taking into account your circumstances.
  • You should consider your own risk tolerance level and financial circumstances before investing in the MPF Default Investment Strategy (as defined in section 6.7 (MPF Default Investment Strategy)). You should note that the My Choice Core Accumulation Fund and the My Choice Age 65 Plus Fund may not be suitable for you, and there may be a risk mismatch between the My Choice Core Accumulation Fund and the My Choice Age 65 Plus Fund and your risk profile (the resulting portfolio risk may be greater than your risk preference). You should seek financial and/or professional advice if you are in doubt as to whether the MPF Default Investment Strategy is suitable for you, and make the investment decision most suitable for you taking into account your circumstances.
  • You should note that the implementation of the MPF Default Investment Strategy may have an impact on your MPF investments and accrued benefits. We recommend that you consult with the Trustee if you have doubts on how you are being affected.
  • Fees and charges of a MPF conservative fund can be deducted from either: (i) the assets of the fund; or (ii) members’ account by way of unit deduction. The My Choice MPF Conservative Fund uses method (i) and, therefore, unit prices/NAV/fund performance quoted have incorporated the impact of fees and charges.
  • If you are in doubt about the meaning or effect of the contents of the information in this website, you should seek independent professional advice.

 

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