Transitional Arrangements
| Date | Transitional Arrangements |
| November 2016 to March 2017 | Trustee will issue a letter by batches to the members who have not provided any investment instruction or any valid investment instruction for notification about the DIS arrangement. |
| December 2016 to January 2017 |
Trustee will notify to ALL participating employers and scheme members by issuing a DIS Pre-implementation Notice.
For the details, please click the link below to view the notice.
The DIS Pre-implementation Notice of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme www.bocpt.com/english/dis/dis_ec_dpn_e.pdf
The DIS Pre-implementation Notice of My Choice Mandatory Provident Fund Scheme www.bocpt.com/english/dis/dis_my_dpn_e.pdf |
| March 2017 | The new administration forms incorporating with DIS constituent funds will be distributed to participating employers. |
| 1 April 2017 | DIS becomes effective |
| 3 April 2017 |
Normally, Trustee will issue a notice called the DIS Re-investment Notice (“DRN”) to relevant scheme members on this date for explaining the impacts on members’ pre-existing account and giving members an opportunity to give a specific investment instruction to the Trustee before the accrued benefits are invested into the DIS.
If scheme members have any enquiries about the DRN, please contact Trustee’s Customer Service Representatives via hotline. |
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15 May 2017 (For the DIS Re-investment Notice issued on 3 April 2017 as an example) |
If relevant scheme members do not wish to follow the DIS arrangement, they will then have the opportunity to make any constituent fund choices and reply to the Trustee by 15 May 2017, i.e. 42 days after the date of DRN.
*Please note that relevant scheme members must complete the DRN attached “Option 2 Form” or valid “Change of Investment Fund Instruction Form”, and submit the Form to Trustee directly on or before the cut-off date.
The cut-off date of receiving the Form by Trustee:
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29 May 2017 (For the DIS Re-investment Notice issued on 3 April 2017 as an example) |
If relevant scheme members do not reply before the cut-off date, their accrued benefits and/or future contributions will be invested according to the DIS. Trustee must, by 29 May 2017, i.e. 14 days after 15 May 2017, invest those benefits according to the DIS. |
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.
