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BCT (MPF) Pro Choice and BCT (MPF) Industry Choice
You should consider your own risk tolerance level and financial circumstances before making any investment choices or investing according to the Default Investment Strategy. When, in your selection of funds or the Default Investment Strategy, you are in doubt as to whether a certain fund or the Default Investment Strategy is suitable for you (including whether it is consistent with your investment objective), you should seek financial and / or professional advice and choose the investment choice(s) most suitable for you taking into account your circumstances.
In the event that you do not make any investment choices, please be reminded that your contributions made and / or accrued benefits transferred into the Plan will be invested in accordance with the Default Investment Strategy, which may not necessarily be suitable for you.
Your investment decision should not be based on this website alone. Please read the MPF Scheme brochures of BCT (MPF) Pro Choice and BCT (MPF) Industry Choice for further details, including the risk factors.
Members should note that BCT (Pro) Asian Income Retirement Fund does not provide any guarantee on capital or investment return or dividend yield, and their investments therein (including dividends distributed) are subject to the same vesting, preservation and withdrawal requirements applicable to mandatory and voluntary contributions (as applicable). The BCT (Pro) Asian Income Retirement Fund may pay dividends out of net distributable income and/or capital, which will result in an immediate decrease or adjustment in the net asset value per unit. The payment of dividends (if any) will involve an investment time-lag and is subject to out-of-market risk. There is no assurance on the dividend distribution frequency and the dividend amount/yield may fluctuate.
Members should note that the regular and frequent distribution of dividends and reinvestment of dividends will inevitably involve an investment time-lag during which dividends are not reinvested and are subject to out-of-market risk on a recurring basis (currently, on a monthly basis). During the period pending reinvestment, the net asset value per unit of the relevant constituent fund (i.e. BCT (Pro) Asian Income Retirement Fund for members below the age of 65, or the Age 65 Plus Fund for members who have reached the age of 65) into which dividends are reinvested may have gone up or down, and accordingly the members’ investment return may be impacted negatively or positively. Therefore the investment return for these members may deviate from that derived from a constituent fund with a similar investment portfolio without such arrangement, meaning that the dividend distribution arrangement of BCT (Pro) Asian Income Retirement Fund may not always be advantageous to these members.
Members should note that BCT (Pro) Asian Income Retirement Fund does not provide any guarantee on the capital or investment return or dividend amount / yield. There is no assurance on the dividend distribution frequency and the dividend amount / yield may fluctuate.
Members should note that investment markets could fluctuate significantly. Fund prices may go down as well as up. There is no guarantee that, given the time required to implement fund switching instructions, such instructions will achieve your desired results. Please carefully consider your own risk tolerance level and financial circumstances (as well as your own retirement plan) before making any investment choices. If in doubt, please contact your independent financial advisor for further details.
BCT Premier Pooled ORSO Retirement Plan
You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of funds, you are in doubt as to whether a certain 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.
Your investment decision should not be based on this website alone. Please read the explanatory memorandum of the Plan for further details, including the risk factors.
BCT ORSO Guaranteed Fund under the Plan invests solely in an insurance policy issued by China Life Insurance (Overseas) Company Limited ("China Life"). China Life is the guarantor of the policy. Your investments in BCT ORSO Guaranteed Fund, if any, are therefore subject to the credit risk of China Life. Please refer to part IV of the Explanatory Memorandum for details of the credit risk, guarantee features and guarantee conditions.
Members should note that BCT ORSO Asian Income Retirement Fund does not provide any guarantee on capital or investment return or dividend yield. The BCT ORSO Asian Income Retirement Fund may pay dividends out of net distributable income and/or capital, which will result in an immediate decrease or adjustment in the net asset value of the portfolio. The payment of dividends (if any) will involve an investment time-lag and is subject to out-of-market risk. There is no assurance on the dividend distribution frequency and the dividend amount/yield may fluctuate.
Members should note that the regular and frequent distribution of dividends and reinvestment of dividends will inevitably involve an investment time-lag during which dividends are not reinvested and are subject to out-of-market risk on a recurring basis (currently, on a monthly basis). During the period pending reinvestment, the net asset value per unit of the relevant constituent fund (i.e. BCT ORSO Asian Income Retirement Fund for members below the age of 65, or the Age 65 Plus Fund for members who have reached the age of 65) into which dividends are reinvested may have gone up or down, and accordingly the members’ investment return may be impacted negatively or positively. Therefore the investment return for these members may deviate from that derived from a constituent fund with a similar investment portfolio without such arrangement, meaning that the dividend distribution arrangement of BCT ORSO Asian Income Retirement Fund may not always be advantageous to these members.
Members should note that BCT ORSO Asian Income Retirement Fund does not provide any guarantee on the capital or investment return or dividend amount / yield. There is no assurance on the dividend distribution frequency and the dividend amount / yield may fluctuate.
Unless otherwise specified, the term “BCT” referred to in this website shall mean BCT Financial Limited (Plan Sponsor) and Bank Consortium Trust Company Limited (Trustee & Administrator)
We offer two different MPF schemes: BCT (MPF) Pro Choice, a master trust scheme and BCT (MPF) Industry Choice, an industry scheme to cater to different employees in Hong Kong.
Our master trust scheme is aimed towards the general working population while our industry scheme is designed for those working in the catering and construction industries. We strive to be the provider of choice, so our MPF constituent funds available under the 2 MPF schemes are managed by seven independent global investment managers which are carefully selected based on stringent criteria and our members' interests in mind.
1 “Management fees” include trustee, administration and custodian fee, sponsor fee and investment management fee paid to the trustee, administrator, custodian, sponsor and investment manager of a scheme for providing their services to the relevant fund. They are usually charged as a percentage of the net asset value of a fund. In the case of the Core Accumulation Fund and the Age 65 Plus Fund, management fees payable to the parties named above, or their delegates, can only (subject to certain exceptions in the Mandatory Provident Fund Schemes Ordinance) be charged as a percentage of the net asset value of the 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 DIS Fund which applies across both the DIS Fund and its underlying funds.
BCT (MPF) Pro Choice (Master Trust Scheme)
Our MPF Investment Schemes
We offer two different MPF schemes: BCT (MPF) Pro Choice, a master trust scheme and BCT (MPF) Industry Choice, an industry scheme to cater to different employees in Hong Kong.
Our master trust scheme is aimed towards the general working population while our industry scheme is designed for those working in the catering and construction industries. We strive to be the provider of choice, so our MPF constituent funds available under the 2 MPF schemes are managed by seven independent global investment managers which are selected based on stringent criteria and our members’ interests in mind.
Name of Constituent Fund
Investment Manager
Equity Funds
BCT (Pro) China and Hong Kong Equity Fund
Amundi Hong Kong Limited
BCT (Pro) Asian Equity Fund
Amundi Hong Kong Limited
BCT (Pro) European Equity Fund
Amundi Hong Kong Limited
BCT (Pro) Global Equity Fund
Amundi Hong Kong Limited
Equity Funds – Market Tracking Series
BCT (Pro) Hang Seng Index Tracking Fund
Invesco Hong Kong Limited
BCT (Pro) U.S. Equity Fund
Amundi Hong Kong Limited
BCT (Pro) Greater China Equity Fund
CSOP Asset Management Limited
BCT (Pro) World Equity Fund
Amundi Hong Kong Limited
Target Date Mixed Asset Funds
BCT (Pro) SaveEasy 2050 Fund
FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2045 Fund
FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2040 Fund
FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2035 Fund
FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2030 Fund
FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2025 Fund
FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2020 Fund
FIL Investment Management (Hong Kong) Limited
Mixed Asset Funds
BCT (Pro) E90 Mixed Asset Fund
Amundi Hong Kong Limited
BCT (Pro) E70 Mixed Asset Fund
Amundi Hong Kong Limited
BCT (Pro) E50 Mixed Asset Fund
Amundi Hong Kong Limited
BCT (Pro) E30 Mixed Asset Fund
Amundi Hong Kong Limited
BCT (Pro) Flexi Mixed Asset Fund
Allianz Global Investors Asia Pacific Limited
BCT (Pro) Core Accumulation Fund*
Invesco Hong Kong Limited
BCT (Pro) Age 65 Plus Fund*
Invesco Hong Kong Limited
BCT (Pro) Asian Income Retirement Fund
Taikang Asset Management (Hong Kong) Company Limited
1 "Management fees" include trustee, custodian, administrator, investment manager and sponsor of a scheme for providing their services to the relevant funds. They are usually charged as a percentage of the net asset value of a fund. In the case of the Core Accumulation Fund and the Age 65 Plus Fund, management fees payable to the parties named above, or their delegates, can only (subject to certain exceptions in the Mandatory Provident Fund Schemes Ordinance) be charged as a percentage of the net asset value of the 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 DIS Fund which applies across both the DIS Fund and its underlying funds.
2 A fixed investment management fee of up to HK$75,000 per month is charged and paid out of the assets of the BCT (Pro) Hang Seng Index Tracking Fund. The fee is payable on a monthly basis and accrues daily pro-rata to the number of days in a month. The fee is payable to Invesco as the investment manager of the BCT (Pro) Hang Seng Index Tracking Fund for its investment management services including, but not limited to, investing all member and employer contributions to the BCT (Pro) Hang Seng Index Tracking Fund according to the applicable investment guidelines, and the acquisition and disposal of units in the underlying ITCIS.
3 The fee shall be reduced to 1.20% five years prior to reaching the beginning (i.e. 1 January) of the applicable target year.
BCT Premier Pooled ORSO Retirement Plan
Pooled ORSO Retirement Plan
Let us help you get ready for retirement you deserve. The BCT Premier Pooled ORSO Retirement Plan is a pooled investment scheme which allows investors to plan for retirement by investing in a variety of different funds based on their own personal risk tolerances. Our funds are managed by independent fund management companies which have no ties to BCT by way of ownership, so members can be assured that we only have their best interests in mind.
Taikang Asset Management (Hong Kong) Company Limited
Bond Fund
BCT ORSO Global Bond Fund
Amundi Hong Kong Limited
Money Market Fund
BCT ORSO HK Dollar Cash Fund
Allianz Global Investors Asia Pacific Limited
Guaranteed Fund
BCT ORSO Guaranteed Fund
China Life Insurance (Overseas) Company Limited
^Schroders is the manager of the underlying Nominated Fund. As this Portfolio is a feeder fund structure, investment manager at portfolio level is not compulsory.
1 “Management fees” means the total of sponsor, trustee and administration fee, investment management fee and sub-trustee fee (if applicable).
*China Life charges an investment charge which is payable to China Life in arrears at the end of each calendar year. In addition, the following may be deducted from the assets of the China Life Policy: guarantee charge, smoothing provisions, audit fees, legal fees, other disbursements and net investment returns of the China Life Policy. For the avoidance of doubt, the net investment return at the policy level is guaranteed by China Life at the Guaranteed Rate of Return and will not be reduced as a result of such fees or deductions.
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How to select your provider 5 major factors to consider
A trusting partnership with the right MPF/ORSO provider is important for every employer. The right partner can provide you with quality products, trusted care, and professional services. With a good business partner, you can rely on their expertise while you focus on managing your business.
With sound background from 8 established financial institutions, BCT focuses on offering MPF and ORSO services to help employers plan their employee benefits.
Pension Specialists
Over 360 pension professionals focused on the provision and servicing of pension and investment funds.
You should consider whether your provider has sufficient constituent fund choices to cater to your employees' needs. How many constituent funds does your existing MPF provider offer to your employees?
Diversified constituent fund choices are important because different life stages, risk tolerance levels and financial situations require different types of portfolios in order to achieve the retirement goals of your employees.
Our MPF schemes have a wide range of constituent funds^
Our MPF schemes offer constituent funds managed by different investment managers that are not affiliated with the BCT Group. This enables us to independently appoint investment managers with diverse investment styles and philosophies to be used in our schemes. For further details, please refer to the latest principal brochure. As of today, 8 fund managers have been engaged to help managing your MPF. Overall speaking, the use of multiple fund managers allows us to focus on, among others, the service quality of the fund managers through our selection and monitoring process and provides us with the flexibility to replace fund managers independently.
^ BCT offers 2 MPF schemes, namely, BCT MPF (Pro) Choice and BCT (MPF) Industry Choice which offer a wide range of constituent funds.
BCT (MPF) Pro Choice
BCT (MPF) Pro Choice has 5 constituent fund categories which provides 23 constituent funds covering a wide spectrum of risk.
Equity Funds
Equity Funds - Market Tracking Series
Target Date Mixed Asset Funds
Mixed Asset Funds
Bond / Money Market Funds
Target Date Mixed Asset Funds - We are one of the first MPF providers to launch the SaveEasy Fund Series. The SaveEasy Funds are designed to shift their underlying investments from equities towards a greater exposure to bonds and cash as the relevant SaveEasy Fund gets closer to its particular target year. Please refer to Principal Brochure for more details.
In addition, our Equity Funds - Market Tracking Series consists of three constituent funds. Each constituent fund invests in one or more "Index Tracking Collective Investment Scheme (ITCIS)". All three constituent funds under this series are classified as "Low Fee Fund" (Fund Expense Ratio ≤1.3% or Management Fee ≤1%) as defined by the MPFA.
BCT (MPF) Industry Choice
BCT (MPF) Industry Choice has 3 constituent fund categories which provides 12 constituent funds covering a wide spectrum of risk.
Equity Funds
Mixed Asset Funds
Bond / Money Market Funds
BCT (MPF) Industry Choice is created specifically for those working in the catering and construction industries.
BCT engages different fund managers and selects the most appropriate fund manager(s) for each asset class based on their expertise and a set of criteria.
BCT reviews the operating efficiency of its constituent funds on an ongoing basis and sets our fees at an appropriate level with an aim to deliver value for our members.
BCT (MPF) Pro Choice
Management fees of constituent funds range from 0.75% - 1.50% per annum of net asset value.
General Personal Accounts For Personal Accounts except members who have retired, we offer special management fees ranging from 0.75% - 1.38% per annum of net asset value of constituent funds under the Personal Account.
Special Voluntary Contributions Account and Tax Deductible Voluntary Contributions Account Management fees of the constituent funds range from 0.75%-0.99% per annum of net asset value of constituent funds.
Retirees’ Personal Accounts For Personal Account members who have retired: 0.59% - 0.99% per annum of net asset value depending on constituent fund chosen under the Personal Account.
It is important for an MPF / ORSO provider to offer a complete solution to employers so that you can focus on your business without worrying about pension administration.
Make use of the free software (C-Online, Flexi2 software, BCT MPF calculators and Auto-Bill) we offer to employers to help you manage MPF administration with greater ease.
Settle MPF/ ORSO payments via PPS, direct debit, direct transfer, cash or cheque. You can also visit a branch of BCT's Servicing Banks* to settle the payment.
Secured Website
View your employees information and contribution online.
Communication and Publications
Employer hotline and newsletter
*Public Bank (Hong Kong), Chong Hing Bank, Dah Sing Bank, Fubon Bank, ICBC (Asia), OCBC Wing Hang, Shanghai Commercial Bank and Wing Lung Bank
We Care We Serve
BCT's MPF administration and member services are well-recognised within the industry. See our Awards here. We care about your employees and provide a variety of services to help them manage their MPF accounts:
Online Platform
One-stop Contact Centre Service
Investor Education
Value Added Services
Communication, Publications
Online Platform
Our Online Platform includes website, mobile applications, MPF eChannel, Social Media (Facebook and Youtube).
Manage your MPF account for fund switching, change of investment mandate, MPF account balance of showing the gain and loss, and keep up-to-date with the latest news online.
One-stop Contact Centre Service
A 24-hour interactive voice response system (IVRS) is available for you to manage your MPF.
Our professional team can help you handle any enquiries about your MPF account.
BCT's Contact Centre received numerous service awards for our outstanding customer service. Learn more
Counter service is also available at BCT office. You can visit us during 9:00am - 6:00pm (Monday to Friday) at 18/F Cosco Tower, 183 Queen's Road Central, Hong Kong.
Our Investment Planning Service helps members gain a better understanding of their investment goals and risk levels in order to make informed investment decisions. This service does not only cover MPF investments but also other fund ranges such as Collective Investment Scheme (CIS). Through one-on-one consultations, members can find the most suitable funds based on their investment goals.
Our Retirement Planning Service is aimed at assisting members to plan for retirement. Our experts will help members to get prepared for their retirement in financial, social as well as psychological aspects. Through this service, members will enjoy special management fee rates while being able to withdraw funds in phases.
