News Archive

 

 

Key Scheme Information Document of BEA MPF Schemes
(29^th Jun, 2022)

With effect from 30^th 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:

• Notice To Participants and KSID of the BEA (MPF) Master Trust Scheme
• Notice To Participants and KSID of the BEA (MPF) Value Scheme
• Notice To Participants and KSID of the BEA (MPF) Industry Scheme

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
(13^th May, 2022)

BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 22^nd May, 2022 to 08:00 on 23^rd 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
(13^th Apr, 2022)

The customer services counter of BEA MPF Administration Centre situated in Kwun Tong will resume services tomorrow, 14^th April, 2022 (Thursday).

 

Good MPF Employer Award 2021-22 Accepts Applications till 30 June 2022
(1^st 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 30^th June, 2022.

 

Special Business Arrangements for BEA MPF Administration Centre & Temporarily Suspended Service of Certain BEA Branches
(2^nd 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
(28^th 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 28^th February, 2022.

With effect from 1^st 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:

• MPF Scheme Brochure of the BEA (MPF) Master Trust Scheme and Notice To Participants
• MPF Scheme Brochure of the BEA (MPF) Value Scheme and Notice To Participants
• MPF Scheme Brochure of the BEA (MPF) Industry Scheme and Notice To Participants

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
(6^th 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 12^th 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
(9^th 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
(9^th 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 15^th 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
(10^th May, 2021)

BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 16^th May, 2021 to 08:00 on 17^th 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
(16^th 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 25^th 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
(9^th 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

9^th April, 2021

 

Good MPF Employer Award 2020-21 Open for Applications
(1^st 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 30^th June.

Hotline: 2292 1222

Email: goodMPFemployer@mpfa.org.hk

 

New Addendum for BEA (MPF) Master Trust Scheme and BEA (MPF) Industry Scheme
(19^th 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 19^th 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 1^st January, 2021. The disclosure of new risk factors with effect from 19^th 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

• Addendum to the MPF Scheme Brochure of the BEA (MPF) Master Trust Scheme and Notice To Participants
• Addendum to the MPF Scheme Brochure of the BEA (MPF) Industry 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.

 

New Addendum for BEA (MPF) Value Scheme
(15^th Mar, 2021)

The MPF Scheme Brochure of the BEA (MPF) Value Scheme has been revised through the Addendum, to be issued on 15^th 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 15^th April, 2021. The disclosure of new risk factors with effect from 15^th 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
(7^th 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
(27^th 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 6^th 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
(8^th May, 2020)

BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 17^th May, 2020 to 08:00 on 18^th 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
(1^st 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 30^th June.

Hotline: 2292 1222

Email: goodMPFemployer@mpfa.org.hk

 

Updates on Explanatory Memoranda of BEA MPF Schemes
(31^st Mar, 2020)

Explanatory Memoranda of the three BEA MPF schemes have been revised and issued on 31^st 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:

• MPF Scheme Brochure of the BEA (MPF) Master Trust Scheme and Notice To Participants
• MPF Scheme Brochure of the BEA (MPF) Value Scheme and Notice To Participants
• MPF Scheme Brochure of the BEA (MPF) Industry Scheme and Notice To Participants

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
(14^th 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 23^rd 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
(31^st Jan, 2020)

Due to temporary suspension of Hongkong Post’s post office counter service, mail delivery service and mail collection from posting boxes from 29^th January, 2020 to 2^nd 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 1^st January, 2020
(31^st 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 1^st 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
(27^th 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
(2^nd 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 8^th 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
(27^th Sep, 2019)

Please be reminded that the Contribution Day for the contribution period of September 2019 will be on 10^th 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
(2^nd 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
(14^th 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 7^th 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
(6^th May, 2019)

BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 11^th May to 08:00 on 13^th 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!
(4^th 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
(1^st April, 2019)

The Inland Revenue and MPF Schemes Legislation (Tax Deductions for Annuity Premiums and MPF Voluntary Contributions) (Amendment) Bill 2018 takes effect on 1^st 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 1^st April, 2019. This will include changes in relation to the features and restrictions of TVC.

• First Addendum to the Explanatory Memorandum of the BEA (MPF) Master Trust Scheme
  and Notice To Participants
• First Addendum to the Explanatory Memorandum of the BEA (MPF) Value Scheme
  and Notice To Participants
• First Addendum to the Explanatory Memorandum of the BEA (MPF) Industry Scheme
  and Notice To Participants

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
(28^th 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 3^rd 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
(22^nd Jan, 2019)

Please be reminded that the Contribution Day for the contribution period of January 2019 will be on 11^th 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
(31^st Dec, 2018)

Explanatory Memoranda of the three BEA MPF schemes have been revised through the Fourth Addenda, to be issued on 31^st December, 2018. This will include changes in relation to the disclosure of management fee breakdown and other miscellaneous changes.

• Fourth Addendum to the Explanatory Memorandum of the BEA (MPF) Master Trust Scheme
  and Notice To Participants
• Fourth Addendum to the Explanatory Memorandum of the BEA (MPF) Value Scheme
  and Notice To Participants
• Fourth Addendum to the Explanatory Memorandum of the BEA (MPF) Industry 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.

 

Fund Performance Chart – See How Your Funds are Performing
(31^st 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
(27^th 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”
(30^th 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*
(9^th 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
(25^th 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 8^th 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 24^th May, 2018
(29^th 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 24^th 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
(30^th Apr, 2018)

BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 12^th May to 08:00 on 14^th 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
(10^th 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 30^th 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
(3^rd 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 15^th 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
(26^th Feb, 2018)

Pursuant to the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Ordinance 2018 that commence on 1^st 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
(31^st Jan, 2018)

Explanatory Memoranda of the three BEA MPF schemes have been revised through the Third Addenda, to be issued on 31^st 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 31^st January, 2018, while the changes in relation to the BEA China Tracker Funds will come into effect on 5^th 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
(1^st 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 14^th 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.

 

 

Latest Administrative Arrangement for Overdue Contribution¹
(30^th Nov, 2017)

Under Mandatory Provident Fund (“MPF”) regulations, it is the responsibility of employers to make accurate contributions for their employees and submit a duly completed Remittance Statement² on or before the contribution day³.

Type of employees	Contribution day3
Monthly-paid regular employees	The 10th day of each month
Casual employees in Industry Schemes	(i) the next working day following the relevant pay-day; or (ii) the 10th day after the relevant contribution period

Starting from December 2017, if our MPF Administration Centre has not received contribution payment and/or remittance statement² from the employers on or before the contribution day³, we will send an “Outstanding Contributions and Surcharges Reminder” stating the amount of outstanding contributions and surcharges (i.e. calculated at 5% of the amount of default contributions) to the employers at the month end.

If employers receive the above-mentioned reminder, please pay the overdue contribution(s) and/or contribution surcharges as soon as possible. Otherwise, the Mandatory Provident Fund Schemes Authority (“MPFA”) may send the “Payment Notice for Outstanding Mandatory Provident Fund Contribution and Contribution Surcharge” to those employers regarding the imposition of contribution surcharge. Please note that employers may settle both outstanding contributions and surcharge in one go without waiting for the payment notice from MPFA.

Please use Corporate Cyberbanking, or MPF contribution software namely “MPF, Autopay and Payroll System” and “Industry Scheme System”, to handle your MPF contribution data in order to enhance the administrative efficiency. For application of the software, please call the BEA (MPF) Hotline (Operated by Bank of East Asia (Trustees) Limited) on 2211 1777.

For further details regarding the MPF contributions arrangements, please visit the MPFA Employer’s Webpage, which includes the relevant information of the MPF contributions surcharge, and MPFA newly dedicated webpage “Employers’ Common Misconceptions in Handling MPF Contributions”, helping the employers to learn more about their MPF responsibilities.

1		The above arrangement is not applicable to self-employed persons.
2		Please submit your contribution payment and a duly completed remittance statement of the relevant contribution on or before the contribution day. If the remittance statement has not been received by us on the contribution day, or the information on the remittance statement is inaccurate/incomplete, we will not be able to process your contribution payment.
3		If a contribution day falls on a Saturday, public holiday, gale warning day, or black rainstorm warning day, then the contribution day refers to the next working day (which is not a Saturday, public holiday, gale warning day, or black rainstorm warning day).

 

System Enhancement Schedule
(5^th Sep, 2017)

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 10^th September, 2017 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.

 

System Enhancement Schedule
(10^th Jul, 2017)

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 23^rd July, 2017 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.

 

System Enhancement Schedule
(15^th May, 2017)

BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 to 11:00 on 21^st May, 2017 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.

 

System Enhancement Schedule
(25^th Apr, 2017)

BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 on 13^th May to 08:00 on 15^th May, 2017 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.

 

Default Investment Strategy (“DIS”) is launched
(1^st Apr, 2017)

Default Investment Strategy (“DIS”) is launched on 1^st April, 2017. Related webpages, leaflet and administrative forms of BEA MPF have been updated accordingly. To know more about DIS, please visit our DIS dedicated webpage.

 

BEA MPF’s Latest Cut-off Time for Fund Switching Instruction and Change of Investment Choice Instruction
(1^st Apr, 2017)

Starting from 1^st April, 2017, instruction received by BEA MPF Administration Centre before the following cut-off times will be processed on the same business day:

Channels	Cut-off Time
	Fund Switching Instruction	Change of Investment Mandate Instruction
By fax	4:00 p.m. on business day	4:00 p.m. on business day
Through Cyberbanking	4:00 p.m. on business day	12:00 Midnight
Through Interactive Voice Response System	4:00 p.m. on business day	12:00 Midnight

Otherwise it will be processed on the next business day.

 

System Enhancement Schedule
(22^nd Feb, 2017)

BEA MPF services will be unavailable across all electronic channels (internet, phone, ATM, mobile banking, and Corporate Cyberbanking) from 00:00 to 15:00 on 1^st April, 2017 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.

 

Two New e-Channel Services Available
(23^rd Jan, 2017)

Open a Cyberbanking (MPF) account by simply calling our BEA (MPF) Hotline on 2211 1777, to access a range of convenient online MPF features, including the following two new services:

1. Register for the e-Statement Service: It’s Convenient and Free!

Starting from now on, you can manage your MPF statements with ease by registering for our free MPF e-statement service in Cyberbanking. You can register for your MPF e-statement service in just a few simple steps. Please refer to our MPF e-statement Service Demonstration for more details.

2. Fund Switching History Enquiry Function is Now Available in Cyberbanking and Mobile Banking

Starting from 16^th January, 2017, BEA MPF Fund Switching History Enquiry function is available in Cyberbanking and Mobile Banking, enabling MPF members to check their fund switching history¹ over the past 3 years.

¹ Members should be aware that transactions will only be shown in the fund switching record after they have been completed.