MPF Employee Choice Arrangement
    MPF helps you to accumulate your money for a wealthy retirement life

    To provide the Hong Kong citizens with a comprehensive retirement protection, the Government passed the Mandatory Provident Fund Schemes Ordinance (MPFSO) in 1995, which makes provident fund a required benefit to employees and self-employed persons, to be provided by all local registered employers and the self-employed persons.

    Types of MPF Plans

    MPF is a defined contribution scheme in which both employers and employees have to make contributions.

    In general there are three main types of MPF schemes:

    1. Master Trust Schemes
    • This scheme is open to all employers.
    • Administration cost can be shared with other employers as the contributions are placed on investment and managed collectively.
    • It is suitable for small-to-medium sized companies and self-employed persons.
    2. Industry Schemes
    • This scheme is specially designed for industries with high labour mobility, such as the construction and catering industries.
    • Casual employees need not transfer their scheme when switching jobs in the same industry.
    • It avoids the complication of MPF asset transfer because of switching jobs.
    3. Employer Sponsored Schemes
    • It is a scheme to be established by a single employer.
    • Scheme members consist of employees of that particular employer and its associated companies.
    • It is suitable for companies with a large number of employees.
    Professional Service
    • CMB Wing Lung Bank Limited, together a number of eminent financial institutions in Hong Kong, established Bank Consortium Holding Limited in 1999. The wholly owned subsidiaries of Bank Consortium Holding Limited, BCT Financial Limited and Bank Consortium Trust Co. Limited, have jointly set up the BCT Group (“BCT”). BCT is one of the major MPF product providers in Hong Kong, focusing on the provision of pension (including MPF & ORSO) products and asset servicing solutions for pensions and investment funds.
    • BCT puts customers in its top priority and is committed to creating value for them. For details of MPF/ORSO products provided by BCT, please visit the website of BCT/ read relevant principal brochure and marketing materials.
    Act Now

    • Please call BCT Hotline (Member: 2298 9333; Employer: 2298 9388) for more information.
    • Before joining any MPF/ORSO plan, please read relevant principal brochure and marketing documents, so as to get full understanding on the terms & conditions, and fee & charges of relevant product.
    Risk Disclosure Statement

    Any person should get full understanding on the plan/product before making decision on MPF/ORSO, and should consult with professional advice when in doubt.

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