BEA (MPF) Value Scheme is scheduled to be onboarded to the eMPF Platform on 29 October, 2024
(30th Aug, 2024)
Effective 29th October, 2024, information and records of your MPF account under BEA (MPF) Value Scheme will be transferred to the eMPF Platform. While BEAT remains the trustee of the scheme, eMPF Company will utilize the eMPF Platform to provide scheme administration services to you and handle your service instructions. From then on, you can manage your MPF on the eMPF Platform and should no longer submit service instructions to BEAT. BEAT will cease accepting service instructions based on different cut-off dates. Please read the Notice to Participating Employers and Scheme Members below.
Notice of Participants (23rd August, 2024)
For the information about onboarding of eMPF Platform, please refer to the relevant Communication Pack issued on 23rd August, 2024 or view the electronic version below.
Communication Pack (Non-Registered Employers)
Communication Pack (Registered Employers)
Communication Pack (Employees)
For clients who have not received the Communication Pack, please contact BEA (MPF) Hotline at +852 2211 1777 (Operated by Bank of East Asia (Trustees) Limited) to request for physical copy.
Updates on The MPF Scheme Brochure of BEA MPF Master Trust Scheme
(23rd Aug, 2023)
The MPF Scheme Brochures of the BEA (MPF) Master Trust Scheme have been revised through the Addendum that issued on 23rd August, 2023.
The BEA (MPF) Long Term Guaranteed Fund (the “BEA LTGF”) currently solely invests into the Principal Guaranteed Umbrella Fund - Principal Long Term Guaranteed Fund under the Principal Guaranteed Umbrella Fund Policy (the “Policy”) issued by Principal Insurance Company (Hong Kong) Limited (the “Insurer”). Bank of East Asia (Trustees) Limited has been informed by the Insurer that it has decided to terminate the Policy as part of its internal restructuring to demise its guaranteed fund offerings, as suggested by the Insurer‘s internal assessment of solvency and sustainability. Therefore, the BEA LTGF will be terminated on 23rd November, 2023 (“Effective Date”).
For further details, please refer to the Notice To Participants and the latest MPF Scheme Brochure of BEA (MPF) Master Trust Scheme. You may also refer to the Frequently Asked Questions for further information.
In the regards, the Key Scheme Information Document (“KSID”), On-Going Cost Illustrations for BEA (MPF) Master Trust Scheme and relevant forms and leaflets will also be updated on the Effective Date accordingly. Please stay tuned for the latest version which can be downloaded via BEA MPF webpage.
Should you have any questions, please call BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
System Enhancement Schedule
(28th Jul, 2023)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 09:00 to 18:00 on 6th August, 2023 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Updates on The MPF Scheme Brochure of BEA (MPF) Value Scheme
(15th May, 2023)
The MPF Scheme Brochures of the BEA (MPF) Value Scheme have been revised through the Addendum that issued on 15th May, 2023.
Pursuant to the termination of the SPDR® FTSE® Greater China ETF, the underlying approved ITCIS of the BEA Greater China Tracker Fund under BEA (MPF) Value Scheme (“BEA GCTF”), the BEA GCTF will be terminated with effect from 15th June, 2023 (“Effective Date”).
For further details, please refer to the Notice To Participants and the latest MPF Scheme Brochure of BEA (MPF) Value Scheme. You may also refer to the Frequently Asked Questions for further information.
In the regards, the Key Scheme Information Document (“KSID”), On-Going Cost Illustrations for BEA (MPF) Value Scheme and relevant forms and leaflets will also be updated on the Effective Date accordingly. Please stay tuned for the latest version which can be downloaded via BEA MPF webpage.
Should you have any questions, please call BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
System Enhancement Schedule
(15th May, 2023)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 21st May, 2023 to 08:00 on 22nd May, 2023 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Good MPF Employer Award 2022-23 Accepts Applications till 30 June 2023
(18th Apr, 2023)
The 2022-23 Good MPF Employer Award organized by the Mandatory Provident Fund Schemes Authority, is open for applications. Employers who are exemplary in enhancing the retirement benefits of their employees should act now.
For details and online application, please visit Good MPF Employer Award website. The deadline is 30th June, 2023.
Awards and Recognition
(4th Apr, 2023)
With strong experience and professional services, BEA MPF Schemes and the constituent funds have been honoured with numerous awards and recognition in the MPF industry.
MPF Ratings 2023 Ratings and Awards1:
- 5 Year Consecutive Gold Rated Scheme
- Gold Rated Scheme
- Silver Rated Schemes
- 1 Year Consistent Performer - Equity Fund (HK & China)
- 5 Year Consistent Performer - Mixed Asset Fund (21-40% Equity)
- 5 Year Consistent Performer - Mixed Asset Fund (41-60% Equity)
- 10 Year Consistent Performer - Mixed Asset Fund (21-40% Equity)
- 10 Year Consistent Performer - Mixed Asset Fund (41-60% Equity)
- 10 Year Consistent Performer - Money Market Fund (RMB/HKD)
- 15 Year Consistent Performer - MPF Conservative Fund
- 20 Year Consistent Performer - MPF Conservative Fund
Bloomberg Businessweek / Chinese Edition Top Fund Awards 2022 2:
- Best Performer - Equity - Hong Kong Fund, MPFs (1 year)
- Best Performer - Equity - Japan Fund, MPFs (1 year)
- Outstanding Performer - Equity - China Fund, MPFs (1 year)
- Outstanding Performer - Equity - Hong Kong Fund, MPFs (1 year)
- Outstanding Performer - Mixed Allocation - Balanced Fund, MPFs (1 year)
- Outstanding Performer - MPF - Mixed Allocation - Growth Fund, MPFs (1 year)
- Outstanding Performer - Money Market - Conservative Fund, MPFs (1 year)
- Best Performer - Mixed Allocation - Growth Fund, MPFs (5 years)
- Outstanding Performer - Greater China Fund (Aggregated Approach), MPFs (5 years)
- Outstanding Performer - Equity - Japan Fund, MPFs (5 years)
- Outstanding Performer - Money Market - Conservative Fund, MPFs (5 years)
- Outstanding Performer - Equity - Japan Fund, MPFs (10 years)
- Outstanding Performer - Money Market - Conservative Fund, MPFs (10 years)
1Source: MPF Ratings. The awards and ratings were based on MPF Ratings’ assessment criteria. For the awardees, assessment and rating criteria / methodology, please refer to http://www.mpfratings.com.hk/ratings-and-awards/.
2Source: Bloomberg Businessweek/Chinese Edition. The awards were based on Bloomberg Businessweek/Chinese Edition’s assessment criteria. For awardees, assessment criteria / methodology, please refer to http://www.bbwhkevent.com/.
Special Reminder to Employers (28th Mar, 2023)
Contribution Day for March – According to the Mandatory Provident Fund Schemes Ordinance, the contribution day for monthly – paid employees is the 10th day of each month. Since 10th April, 2023 falls on a public holiday, the MPF contribution day for March 2023 is extended to 11th April, 2023 (Tuesday). Employers are reminded to act early to avoid delay in making contributions, owing to the public holidays on 5th , 7th and 8th April 2023 as well.
Apart from directly making contributions and submitting the remittance statement to us, employers are encouraged to make use of various digital means to handle MPF contributions in a timely manner. Late payment will be subject to a surcharge calculated at 5% of the amount of default contributions.
Real-name Registration for SIM Cards
(23rd Feb, 2023)
The Telecommunications (Registration of SIM Cards) Regulation (the "Regulation") has come into effect on 1st September, 2021. The Regulation requires that users should complete real-name registration for their SIM cards with their telecommunications service providers from 1st March, 2022.
- All newly effective SIM service plans ("SSP") and new pre-paid SIM (“PPS”) cards will require real-name registration before activation.
- Existing PPS card users are required to complete real-name registration with respective telecommunications service providers on or before 23rd February, 2023. Thereafter, unregistered PPS cards will be deactivated.
- Existing SSP users are not required to re-register with their telecommunications service providers unless they change to another service provider or subscribe to a new phone number.
Please note that any unregistered PPS cards will be deactivated after 23rd February, 2023. If your PPS card for your contact phone number in the BEA MPF’s record is not registered by then, you may not be able to:
- conduct certain Cyberbanking services that are required to receive a one-time password (“OTP”) via short message service (“SMS”) for authentication;
- receive SMS notifications from the BEA MPF; and
- receive phone calls from the BEA MPF for important messages or certain information which may require your confirmation.
The above list is not exhaustive.
Please note that the BEA MPF services will be delayed or, in worst-case scenario, not executed if your contact phone number is not up-to-date. As such, you are hereby reminded to promptly complete the real-name registration for your PPS cards with your telecommunications service provider, and update the contact phone number(s) for your BEA MPF account, if necessary, by completing the “Member – Change of Personal Details” form and returning it through BEA branch or mail to MPF Administration Centre, 32nd Floor, BEA Tower, Millennium City 5, 418 Kwun Tong Road, Kowloon, Hong Kong.
For any enquiries, you can call the BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
Updates on The MPF Scheme Brochures and Key Scheme Information Documents of BEA MPF Schemes
(22nd Sep, 2022)
The MPF Scheme Brochures of the BEA (MPF) Master Trust Scheme, BEA (MPF) Value Scheme and BEA (MPF) Industry Scheme (collectively “BEA MPF Schemes”) have been revised through the Addendum that issued on 22nd September, 2022.
With effect from 19th September, 2022, the manager of Tracker Fund of Hong Kong (“TraHK”), the underlying approved ITCIS of the BEA Hong Kong Tracker Funds of BEA MPF Schemes, was changed from State Street Global Advisors Asia Limited to Hang Seng Investment Management Limited. There is no change to the investment objective of TraHK or the BEA Hong Kong Tracker Fund as a result of the change. In addition, the investment manager fee and trustee fee at the underlying fund level of the BEA Hong Kong Tracker Funds are reduced.
For further details, please refer to the latest MPF Scheme Brochures and the Notice To Participants of relevant schemes:
In the regards, the Key Scheme Information Document (“KSID”) of each of the BEA MPF Schemes has been updated. Please access “Our Products > Product Information” to download the latest version.
Should you have any questions, please call BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
System Enhancement Schedule
(22nd Aug, 2022)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 14:00 to 18:00 on 28th August, 2022 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Key Scheme Information Document of BEA MPF Schemes
(29th Jun, 2022)
With effect from 30th June, 2022, as per the revised Code on Disclosure for MPF Investment Funds issued by the Mandatory Provident Fund Schemes Authority (the "MPFA"), the key scheme information document ("KSID") will be available. The KSID will form part of the offering document of the BEA MPF schemes, namely BEA (MPF) Master Trust Scheme, BEA (MPF) Value Scheme and BEA (MPF) Industry Scheme.
The KSID will help provide members with key scheme information relating to the BEA MPF schemes in a simplified and standardised format prescribed by the MPFA. That said, while the KSID could facilitate members to obtain an overview of the key details and features of the BEA MPF schemes, members should not make investment decisions based solely on the KSID.
The introduction of the KSID would not result in any changes to the features of the BEA MPF schemes and the contents of the constitutive documents of the BEA MPF schemes.
For further details, please refer to the Notice To Participants and the KSID of the relevant schemes:
Should you have any questions, please call our BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
System Enhancement Schedule
(13th May, 2022)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 22nd May, 2022 to 08:00 on 23rd May, 2022 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Notice on Customer Services Counter Services
(13th Apr, 2022)
The customer services counter of BEA MPF Administration Centre situated in Kwun Tong will resume services tomorrow, 14th April, 2022 (Thursday).
Good MPF Employer Award 2021-22 Accepts Applications till 30 June 2022
(1st Apr, 2022)
The 2021-22 Good MPF Employer Award organized by the Mandatory Provident Fund Schemes Authority, is open for applications. Employers who are exemplary in enhancing the retirement benefits of their employees should act now.
For details and online application, please visit Good MPF Employer Award website. The deadline is 30th June, 2022.
Special Business Arrangements for BEA MPF Administration Centre & Temporarily Suspended Service of Certain BEA Branches
(2nd Mar, 2022)
In view of the latest development of COVID-19, the customer services counter of BEA MPF Administration Centre situated in Kwun Tong will be temporarily suspended service until further notice, in an effort to safeguard the health of our customers and staff members. Our hotline services will continue to operate as normal. During this period, customers are welcome to call or make queries via the BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited) or via email (BEAMPF@hkbea.com).
In addition, due to the temporarily suspended service of certain BEA branches, the submission of MPF documents via BEA branches may be affected. Please click here for the latest branch service information.
Employers can make contribution payment on or before the contribution day using suitable payment channel and method below:
- paying by cheque at any BEA branch
- making direct debit payments from your BEA bank account
- making payments through Corporate Cyberbanking
- making payments by eCheque1
To enhance the administrative efficiency, employers may choose to use BEA Corporate Cyberbanking or MPF contribution software namely “MPF, Autopay and Payroll System” and “Industry Scheme Software” to handle your MPF contribution. For application of the software, please call the BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited) or via email (BEAMPF@hkbea.com).
For further details of the contribution arrangement, please refer to the Employer Guidebook.
Should you have any questions, please call our BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
1 Please email the eCheque to BEAMPFePayment@hkbea.com together with scheme number and contact number.
Updates on The MPF Scheme Brochures of BEA MPF Schemes
(28th Feb, 2022)
The MPF Scheme Brochures of BEA (MPF) Master Trust Scheme, BEA (MPF) Value Scheme and BEA (MPF) Industry Scheme (collectively “BEA MPF Schemes”) have been revised through the addenda issued on 28th February, 2022.
With effect from 1st April, 2022, the fees and charges deduction method of the following MPF conservative funds under BEA MPF Schemes will be changed from deducting from members' accounts by way of unit deduction to deducting from the assets of such funds:
- BEA (MPF) Conservative Fund under BEA (MPF) Master Trust Scheme
- BEA MPF Conservative Fund under BEA (MPF) Value Scheme
- BEA (Industry Scheme) MPF Conservative Fund under BEA (MPF) Industry Scheme
For further details, please refer to the latest MPF Scheme Brochures and the Notice To Participants of relevant schemes:
You may also refer to the Frequently Asked Questions for further information.
Should you have any questions, please call our BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) on 2211 1777.
System Enhancement Schedule
(6th Dec, 2021)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 16:00 to 21:00 on 12th December, 2021 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Brand New Function of BEA MPF e-Application webpage ‒ Assisting You to Consolidate/Transfer Your MPF with Ease
(9th Sep, 2021)
To meet customer needs, BEA MPF has added a new function on its e-Application webpage. The enhanced e-Application webpage provides an electronic channel for customers to consolidate/transfer the MPF accrued benefits to BEA MPF. Customers are now able to complete their application with an e-Signature using a computer or mobile device in a simple and convenient way.
Please click here to learn more and experience the enhanced e-Application webpage. Should you have any questions, please call our BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
System Enhancement Schedule
(9th Aug, 2021)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 08:00 to 20:00 on 15th August, 2021 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
System Enhancement Schedule
(10th May, 2021)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 16th May, 2021 to 08:00 on 17th May, 2021 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
System Enhancement Schedule
(16th Apr, 2021)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 12:00 (noon) to 20:00 on 25th April, 2021 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
General notice to MPF scheme participants regarding the Executive Order 13959
(9th Apr, 2021)
Dear Valued Customers,
Bank of East Asia (Trustees) Limited is committed to observing applicable legal and regulatory requirements.
In respect of the Executive Order 13959 (as amended) signed by the former President of the United States of America "Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies" (the “Executive Order”), because the prohibitions under the Executive Order only apply to the activities of any person or entity which falls within the definition of “U.S. Persons” under the Executive Order (“U.S. Person(s)”), U. S. Person(s) may be prohibited under the U.S. sanctions law from engaging in transactions with constituent funds (“CFs”) in the MPF schemes which hold or invest in the securities targeted by the Executive Order prohibitions (“impacted securities”) as a result.
MPF scheme participants (“Participants”) who fall under the category of U.S. Person(s) per the Executive Order should, however, take note that some of our CFs, particularly those with the investment objective and exposure to investments in Asian, China and Hong Kong markets, may result in having an investment exposure to the impacted securities and therefore may not be appropriate for U.S. Person(s) to invest in as a result of the Executive Order. Participants are reminded to perform your own due diligence and seek independent professional advice where necessary for taking appropriate action to avoid violation of any applicable laws and regulations (including the Executive Order).
Bank of East Asia (Trustees) Limited will continue to monitor the development and implementation of the Executive Order. If you are in doubt about the contents of this notice, you should perform the appropriate due diligence and seek independent professional advice.
Bank of East Asia (Trustees) Limited
9th April, 2021
Good MPF Employer Award 2020-21 Open for Applications
(1st Apr, 2021)
The Good MPF Employer Award 2020-21 (“GMEA”), organized by the Mandatory Provident Fund Schemes Authority (“MPFA”), is now inviting applications.
The GMEA aims to promote and foster employers’ compliance with MPF legislation; encourage employers to provide better retirement benefits for their employees; and recognize employers who are exemplary in enhancing the retirement benefits of their employees.
Employers who are interested to the award please visit MPFA’s GMEA website or refer to the flyer of the award for further details. The application deadline is 30th June.
Hotline: 2292 1222
Email: goodMPFemployer@mpfa.org.hk
New Addendum for BEA (MPF) Master Trust Scheme and BEA (MPF) Industry Scheme
(19th Mar, 2021)
The MPF Scheme Brochures of the BEA (MPF) Master Trust Scheme and BEA (MPF) Industry Scheme have been revised through the Addendum, to be issued on 19th March, 2021. This will include changes in relation to the management fee reduction of certain constituent funds and the disclosure of risk factors associated with certain constituent funds. The aggregate management fee of certain constituent funds have been reduced effective from 1st January, 2021. The disclosure of new risk factors with effect from 19th March, 2021.
For further details, please refer to the Addendum to the MPF Scheme Brochure and Notice To Participants of the BEA (MPF) Master Trust Scheme and BEA (MPF) Industry Scheme
Should you have any questions, please call our BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) on 2211 1777.
New Addendum for BEA (MPF) Value Scheme
(15th Mar, 2021)
The MPF Scheme Brochure of the BEA (MPF) Value Scheme has been revised through the Addendum, to be issued on 15th March, 2021. This will include changes in relation to the investment policy of the BEA Greater China Equity Fund and its underlying APIF invests, with effect from 15th April, 2021. The disclosure of new risk factors with effect from 15th March, 2021.
For further details, please refer to the Addendum to the MPF Scheme Brochure of the BEA (MPF) Value Scheme and Notice To Participants.
Should you have any questions, please call our BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) on 2211 1777.
MPF Online Dashboard – Cyberbanking
(7th Jan, 2021)
To enhance the transparency of information for scheme members, a new online dashboard is now available on Cyberbanking. The enhanced interface can assist you in making your retirement planning decision and enhance your user experience by accessing comprehensible account information straightforwardly.
The key information includes the following:
System Enhancement Schedule
(27th Nov, 2020)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 09:00 to 16:00 on 6th December, 2020 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
System Enhancement Schedule
(8th May, 2020)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 17th May, 2020 to 08:00 on 18th May, 2020 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Good MPF Employer Award 2019-20 open for applications
(1st Apr, 2020)
The Good MPF Employer Award 2019-20 (“GMEA”), organized by the Mandatory Provident Fund Schemes Authority (“MPFA”), is now inviting applications.
The GMEA aims to promote and foster employers’ compliance with MPF legislation; encourage employers to provide better retirement benefits for their employees; and recognize employers who are exemplary in enhancing the retirement benefits of their employees.
Employers who are interested to the award please visit MPFA’s GMEA website or refer to the flyer of the award for further details. The application deadline is 30th June.
Hotline: 2292 1222
Email: goodMPFemployer@mpfa.org.hk
Updates on Explanatory Memoranda of BEA MPF Schemes
(31st Mar, 2020)
Explanatory Memoranda of the three BEA MPF schemes have been revised and issued on 31st March, 2020. This will include changes in relation to the regulatory changes relating to automatic exchange of financial account information, the latest requirements of the Code on Disclosure for MPF Investment Funds (the "Code") issued by the Mandatory Provident Fund Schemes Authority and certain miscellaneous changes.
Please note that the updates on the Explanatory Memoranda which reflect the latest requirements of the Code include: (i) the sequence of the contents has been rejigged to be in line with the requirements of the Code; (ii) the contents have been updated in an easy-to-understand and concise manner to enhance readability and clarity; and (iii) the Explanatory Memoranda will be renamed as the “MPF Scheme Brochure” for the purpose of standardisation.The update to the Explanatory Memoranda per the Code would not in itself result in changes to the operation and features of the relevant schemes.
You may download the latest MPF Scheme Brochure and Notice To Participants for further details:
Pursuant to the requirements of the Code on the disclosure of risk class1 of constituent funds, the related webpages and administrative forms (including the relevant “Member - Membership Application Form” and “Member - Participation Agreement”) of BEA MPF had also been updated accordingly. Please visit “Fund Information > Fund Choices” to know more about the details of the risk class. You may access “Download Area > Form” to download the latest version of the forms.
Should you have any questions, please call our BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) on 2211 1777.
1 The risk class is to be assigned to each constituent fund according to the seven-point risk classification based on the latest fund risk indicator of the constituent fund. The fund risk indicator shows the annualised standard deviation based on the monthly rates of return of the constituent funds over the past 3 years to the reporting date of the latest Fund Fact Sheet, which is published on a quarterly basis.
System Enhancement Schedule
(14th Feb, 2020)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 to 22:00 on 23rd February, 2020 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Special Reminder to Employers
(31st Jan, 2020)
Due to temporary suspension of Hongkong Post’s post office counter service, mail delivery service and mail collection from posting boxes from 29th January, 2020 to 2nd February, 2020, employers are encouraged to make early arrangement for MPF contributions in order to avoid any surcharges being imposed due to postal delays. In addition, employers can also make contribution payment on or before the contribution day using suitable payment channel and method below:
- paying cheque at any BEA branch / MPF Administration Centre
- making direct debit payments from your BEA bank account
- making payments through Corporate Cyberbanking
- making payments by eCheque1
To enhance the administrative efficiency, employers may choose to use BEA Corporate Cyberbanking or MPF contribution software namely “MPF, Autopay and Payroll System” to handle your MPF contribution. For application of the software, please call the BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).”
For further details of the contribution arrangement, please refer to the Employer Guidebook.
Hongkong Post will keep in view the situation to make adjustments and please check for the latest announcements on Hongkong Post website (www.hongkongpost.hk) for any updates.
Should you have any questions, please call our BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
1 Please email the eCheque to BEAMPFePayment@hkbea.com together with scheme number and contact number.
Automatic Exchange of Financial Account Information to be implemented for MPF Schemes and ORSO Registered Schemes on 1st January, 2020
(31st Dec, 2019)
Pursuant to the Inland Revenue (Amendment) (No.2) Ordinance 2019 (“Amendment Ordinance”), the amendment of the taxation arrangement for the Automatic Exchange of Financial Account Information in Tax Matters (“AEOI”) relating to MPF schemes and ORSO registered schemes will take effect on 1st January, 2020.
Starting from the effective date of the Amendment Ordinance, account holders for all newly opened accounts under MPF and ORSO registered schemes will be required to submit a self-certification to the MPF trustees or ORSO employers/administrators for verifying their tax residency. If an applicant fails to provide the self-certification or if the required information is incomplete, the account opening may be rejected, causing a delay in contributions.
In this connection, BEA MPF had updated all the relevant "Members - Membership Application Form”, “Participation Agreements” by adding the "Tax Resident Self-Certification’’ section and newly developed the “Self-Certification” to facilitate members in making the declaration. You can access to the related forms from the “Download Area” of this website.
For more details on the implementation of AEOI, please refer to our dedicated webpage “AEOI in Tax Matters”. You may also visit the IRD website (www.ird.gov.hk/eng/tax/dta_aeoi.htm) for more information.
Should you have any questions, please call our BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
System Enhancement on BEA MPF Online Enrolment Platform
(27th Dec, 2019)
The BEA MPF Online Enrolment Platform is temporarily unavailable due to a system enhancement. This upgrade is in progress to ensure that you continue to be provided with the highest level of service. We apologise for any inconvenience caused.
During the enhancement period, you can access the forms to enrol in an MPF account through the following hyperlink:
| | BEA (MPF) Master Trust Scheme | BEA (MPF) Value
Scheme | BEA (MPF) Industry Scheme |
|---|
| Member - Membership Application Form (Casual Employee) |
N/A |
N/A |
TR39 |
| Member - Participation Agreement (Tax Deductible Voluntary Contribution Account "TVC") |
TR209 |
TR211 |
TR210 |
Should you have any questions, please call our BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
System Enhancement Schedule
(2nd Dec, 2019)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 08:00 to 20:00 on 8th December, 2019 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Special Reminder to Employers
(27th Sep, 2019)
Please be reminded that the Contribution Day for the contribution period of September 2019 will be on 10th October, 2019. Due to fewer working days in early October, employers are encouraged to make early arrangement for MPF contributions in order to avoid surcharges being imposed.
Enhancement of BEA MPF Online Enrolment Platform
(2nd Sep, 2019)
To meet customer needs, BEA MPF has added new functions to its online enrolment platform. The enhanced platform allows customers to apply for MPF accounts much more simply and straightforwardly, including:
- Applying online for a Tax Deductible Voluntary Contribution Account
- Completing their e-Application with an e-Signature using a computer or mobile device
Please click here to learn more and experience the enhanced platform. Should you have any questions, please call our BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
System Enhancement Schedule
(14th Jun, 2019)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 08:00 to 20:00 on 7th July, 2019 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
System Enhancement Schedule
(6th May, 2019)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 11th May to 08:00 on 13th May, 2019 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Calling for Good MPF Employers in 2018-19!
(4th April, 2019)
The Good MPF Employer Award 2018-19, organized by the Mandatory Provident Fund Schemes Authority (MPFA), is inviting applications.
The Good MPF Employer Award aims to promote and foster employer compliance with MPF legislation; encourage employers to provide better retirement benefits for their employees; and recognize employers who are exemplary in enhancing the retirement benefits of their employees.
Employers who are interested to the Award can simply submit an application online on MPFA’s Good MPF Employer Award website. Alternatively, employers can submit their applications through email, fax or post. The application deadline is 30 June.
Don't wait, apply now and be the Good MPF Employer of 2018-19!
Hotline: 2292 1222
Email: goodMPFemployer@mpfa.org.hk
Tax Deductible Voluntary Contribution (“TVC”) is Now Launched
(1st April, 2019)
The Inland Revenue and MPF Schemes Legislation (Tax Deductions for Annuity Premiums and MPF Voluntary Contributions) (Amendment) Bill 2018 takes effect on 1st April, 2019. Starting from the effective date, similar to premiums paid for qualifying deferred annuity products, MPF voluntary contributions made in a specified account set-up by MPF scheme members (namely, TVC account) can also enjoy tax concession in order for them to meet the long-term saving objective for retirement protection.
Explanatory Memoranda (version dated April 2019) of the three BEA MPF schemes have been revised through the First Addenda, to be issued on 1st April, 2019. This will include changes in relation to the features and restrictions of TVC.
Pursuant to the launch of TVC, related webpages, leaflet and administrative forms of BEA MPF had also been updated accordingly. To know more about TVC, please visit our TVC dedicated webpage.
Should you have any questions, please call our BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) on 2211 1777.
System Enhancement Schedule
(28th Jan, 2019)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 09:00 to 18:00 on 3rd February, 2019 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Special Reminder to Employers
(22nd Jan, 2019)
Please be reminded that the Contribution Day for the contribution period of January 2019 will be on 11th February, 2019. Due to the long Chinese New Year holiday in early February, employers are encouraged to make early arrangement for MPF contributions in order to avoid surcharges being imposed.
New Addenda for BEA MPF Schemes
(31st Dec, 2018)
Explanatory Memoranda of the three BEA MPF schemes have been revised through the Fourth Addenda, to be issued on 31st December, 2018. This will include changes in relation to the disclosure of management fee breakdown and other miscellaneous changes.
Should you have any questions, please call our BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) on 2211 1777.
Fund Performance Chart – See How Your Funds are Performing
(31st Dec, 2018)
As part of our continuous effort to improve our services, BEA MPF is pleased to announce a new tool – the Fund Performance Chart – which provides you with a helpful and easily accessible snapshot of your funds. This chart enables you to compare the latest performance of up to three funds across our schemes and take further steps to achieve your dream retirement!
The Fund Performance Chart allows you to:
- Compare up to three funds from the BEA (MPF) Master Trust Scheme, BEA (MPF) Value Scheme, and/or BEA (MPF) Industry Scheme
- See fund performance over customised time periods
- View and download earlier fund prices
Visit our website and see the chart now!
Go Paperless — Opt for e-Statements Now
(27th Dec, 2018)
From now on, BEA MPF members can choose to opt out from paper based MPF statements and switch to use the e-statement service through their Cyberbanking account instead.
To go paperless and enjoy the convenience of digital services, simply register for free for the e-statement service and cancel your paper statement service in just a few easy steps. Please refer to our MPF e-statement Service Demonstration for more details.
BEA Trustees Named “The Best MPF Trustee”
(30th Nov, 2018)
Bank of East Asia (Trustees) Limited (“BEA Trustees”) has been named “The Best MPF Trustee” in the Metro Awards for Banking & Finance Corporations 2018.
Metro Awards for Banking & Finance Corporations 2018 was jointly organised by Metro Prosperity and Metro Daily, with the aim of recognising outstanding performance in the banking and finance sector. BEA Trustees was chosen by a panel of judges based on six criteria: brand awareness and customer loyalty, accomplishments and achievements, product uniqueness, quality and standards, marketing and development, and staff training.
BEA Trustees was highly commended by the judging panel for its commitment to the provision of the highest quality of MPF services.
BEA MPF New Online Enrolment Platform*
(9th Jul, 2018)
BEA MPF had launched a whole new online enrolment platform to allow casual employees to enrol for BEA (MPF) Industry scheme anytime and anywhere by just a few steps.
The online enrolment platform is accessible on computer, tablet and mobile phone with responsive design to ensure the best user experience. Casual employees can even use e-signature to complete the enrolment instantly when accessing the platform by mobile phone or tablet, which is quick and simple.
For more details, please refer to the leaflet, or click here if you would like to enrol. Should you have any questions, please call our BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
*Online enrolment platform is only applicable to casual employees to enrol for BEA (MPF) Industry Scheme.
System Enhancement Schedule
(25th Jun, 2018)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 08:00 to 20:00 on 8th July, 2018 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
A pledging ceremony of the Governance Charter for MPF Trustees held on 24th May, 2018
(29th May, 2018)
All Mandatory Provident Fund (“MPF”) trustees pledged to put scheme members’ interests first at a pledging ceremony for upholding the Governance Charter for MPF Trustees (“Charter”), held by the Mandatory Provident Fund Schemes Authority (“MPFA”) on 24th May, 2018.
All MPF trustees recognise the importance of good governance and commit to uphold and abide by the core values as advocated by the Charter at all times.
The six core values of the Charter are:
- Value-for-money MPF schemes and services;
- Act in the best interests of members;
- Lift governance standards;
- Understand and respond to members’ needs;
- Engage members through transparency and communication; and
- Serve with honesty and integrity.
Please visit MPFA’s website for further details on the Charter.
System Enhancement Schedule
(30th Apr, 2018)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 12th May to 08:00 on 14th May, 2018 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
MPFA Good MPF Employer Award 2017-18: Now Accepting Applications
(10th Apr, 2018)
The Mandatory Provident Fund Schemes Authority ("MPFA") runs the Good MPF Employer Award ("GMEA") every year to recognise employers who place a high value on their employees’ retirement needs.
Awarded companies and organisations will be listed on the MPFA website for public reference. In addition, awardees will be entitled to use the GMEA logo on their promotional materials.
Employers can submit applications on or before 30th June, 2018. Employees can also nominate their employers for the Award. Please refer to the leaflet or visit the GMEA website for details.
System Enhancement Schedule
(3rd Apr, 2018)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 09:00 to 18:00 on 15th April, 2018 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience caused.
Update on BEA MPF Participation Agreements
(26th Feb, 2018)
Pursuant to the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Ordinance 2018 that commence on 1st March, 2018, trust service providers are required to comply with the statutory customer due diligence and record-keeping requirements.
In this regard, the Participation Agreements of Employer, Personal Account Holder and Self-employed Person of BEA MPF will be updated on the same day. You can access to the related forms from the “Download Area” of this website.
Should you have any questions, please call our BEA (MPF) Hotline on 2211 1777 (Operated by Bank of East Asia (Trustees) Limited).
New Addenda for BEA MPF Schemes
(31st Jan, 2018)
Explanatory Memoranda of the three BEA MPF schemes have been revised through the Third Addenda, to be issued on 31st January, 2018. This will include changes in relation to Phased Withdrawal, the BEA China Tracker Funds (for BEA (MPF) Master Trust Scheme and BEA (MPF) Industry Scheme), and other miscellaneous changes.
Please note that the effective date of the changes in relation to Phased Withdrawal and miscellaneous changes will be 31st January, 2018, while the changes in relation to the BEA China Tracker Funds will come into effect on 5th March, 2018.
• Third Addendum to the Explanatory Memorandum of the BEA (MPF) Master Trust Scheme
• Third Addendum to the Explanatory Memorandum of the BEA (MPF) Value Scheme
• Third Addendum to the Explanatory Memorandum of the BEA (MPF) Industry Scheme
Should you have any questions, please call our BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) on 2211 1777.
System Enhancement Schedule
(1st Jan, 2018)
BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 09:00 to 18:00 on 14th January, 2018 for an essential system enhancement, so that we can continue to provide you with the highest level of service quality. No notification will be issued if service is resumed earlier. We apologise for any inconvenience.
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