Tentatively from Q1/Q2 2025 (“Effective Date”), the administrative services of the BCT Strategic MPF Scheme will be performed by the eMPF Platform instead of Bank Consortium Trust Company Limited ( the “Trustee”). The eMPF Platform is a centralized electronic platform and one-stop online hub for participating employers and members to manage their Mandatory Provident Fund (“MPF”) accounts which have got onboard the eMPF Platform and submit MPF administration instructions to the eMPF Platform anytime through eMPF Web Portal or the eMPF Mobile App. The services provided by the Trustee will be updated accordingly, please refer to the relevant member notice for details. However, the basic form of Bonus Units Exclusively for Hospital Authority MPF Employee Members remains unchanged. Please refer to the table below for the details:
Please download the After Rebate Fee Table PDF here.
Important Notes:
Management fee include fees paid to the Sponsor or promoter (if any), the trustee, custodian, administrator, and investment manager/manager for providing their services to the relevant fund. They are usually charged as a percentage of the net asset value of the relevant fund. In the case of the DIS Funds, management fees payable to the parties named above, or their delegates, can only (subject to certain exceptions in the MPF Ordinance) be charged as a percentage of the net asset value of a DIS Fund. These management fees are also subject to a statutory daily limit equivalent to 0.75% per annum of the net asset value of the relevant DIS Fund which applies across both the relevant DIS Fund and its underlying investment fund(s).
For the Invesco MPF Conservative Fund, all fees, charges and expenses will only be payable out of the fund to the extent permitted by the MPF Ordinance and the MPF General Regulation. Fees and charges of an Invesco MPF Conservative Fund can be deducted from either (i) the assets of the fund or (ii) members’ account by way of unit deduction. The Invesco MPF Conservative Fund uses method (i) and, therefore, unit price/net asset value/fund performance quoted have incorporated the impact of fees and charges. The Sponsor will bear any charges or expenses attributable to the Invesco MPF Conservative Fund which are not permitted to be payable out of the Invesco MPF Conservative Fund.
For details of fee and charges, please refer to the offering documents (including the Key Scheme Information Document and the MPF Scheme Brochure) of BCT Strategic MPF Scheme.
Investment involves risk. Investors should read the offering documents (including the Key Scheme Information Document and the MPF Scheme Brochure) of BCT Strategic MPF Scheme for details, including the risk factors and other product features.
The section is issued by Bank Consortium Trust Company Limited and not the property of Invesco Hong Kong. Invesco Hong Kong is not responsible for the content of this section.