Operators of an MPF Scheme
Plan Sponsor BCTF
Trustee BCTC
Administrator BCTC
Custodian BCTC
Fund Manager
Plan Sponsor BCTF
- Determine pricing structure & fee discount for clients
- Design MPF scheme including selecting fund managers & investment choices for members
- Establish performance benchmarks for constituent funds
- Promote / market the scheme and provide member service
Trustee BCTC
- Perform fiduciary & statutory duties, diligently and responsibly
- Appoint administrator, fund manager & custodian, oversee & monitor such service providers
- Hold title to trust assets on behalf of scheme members & authorise benefit payments
- Regulatory & compliance reporting
Administrator BCTC
- Keep proper accounts & records of scheme / members / investment funds
- Provide members with benefit statements and relevant information on a regular basis
- Calculate net asset value per unit of trust funds
Custodian BCTC
- Safekeep underlying securities & cash
- Settle purchase / sale of securities
- Act on trustee’s instruction
- Appoint appropriate sub-custodian
Fund Manager
- Provide independent investment management
- Formulate investment policy, strategy & benchmarks
- Comply with respective investment guidelines / regulations & investment policies
- Monitor investment restrictions
Plan Sponsor BCTF
Plan Sponsor BCTF
- Determine pricing structure & fee discount for clients
- Design MPF scheme including selecting fund managers & investment choices for members
- Establish performance benchmarks for constituent funds
- Promote / market the scheme and provide member service
Trustee BCTC
Trustee BCTC
- Perform fiduciary & statutory duties, diligently and responsibly
- Appoint administrator, fund manager & custodian, oversee & monitor such service providers
- Hold title to trust assets on behalf of scheme members & authorise benefit payments
- Regulatory & compliance reporting
Administrator BCTC
Administrator BCTC
- Keep proper accounts & records of scheme / members / investment funds
- Provide members with benefit statements and relevant information on a regular basis
- Calculate net asset value per unit of trust funds
Custodian BCTC
Custodian BCTC
- Safekeep underlying securities & cash
- Settle purchase / sale of securities
- Act on trustee’s instruction
- Appoint appropriate sub-custodian
Fund Manager
Fund Manager
- Provide independent investment management
- Formulate investment policy, strategy & benchmarks
- Comply with respective investment guidelines / regulations & investment policies
- Monitor investment restrictions
Operators of an MPF Scheme
Plan Sponsor BCTF
- Determine pricing structure & fee discount for clients
- Design MPF scheme including selecting fund managers & investment choices for members
- Establish performance benchmarks for constituent funds
- Promote / market the scheme and provide member service
Trustee BCTC
- Perform fiduciary & statutory duties, diligently and responsibly
- Appoint administrator, fund manager & custodian, oversee & monitor such service providers
- Hold title to trust assets on behalf of scheme members & authorise benefit payments
- Regulatory & compliance reporting
Administrator BCTC
- Keep proper accounts & records of scheme / members / investment funds
- Provide members with benefit statements and relevant information on a regular basis
- Calculate net asset value per unit of trust funds
Custodian BCTC
- Safekeep underlying securities & cash
- Settle purchase / sale of securities
- Act on trustee’s instruction
- Appoint appropriate sub-custodian
Fund Manager
- Provide independent investment management
- Formulate investment policy, strategy & benchmarks
- Comply with respective investment guidelines / regulations & investment policies
- Monitor investment restrictions
