The Default Investment Strategy (“DIS”) will commence on 1 April 2017. It is a ready-made and low cost investment strategy designed for MPF members who do not have time, or do not know how to make investment decisions. Members can also actively select the DIS or funds under the DIS if they find that the solution suits their own circumstances. You can know more about the key features of the DIS here.
As an MPF member approaches retirement age, the investment strategy will be progressively adjusted to reduce the proportion of higher risk assets.
Your MPF assets may be affected. If you are under or become 60 years old on the Effective Date (or we are not aware of your date of birth), we will send you the “DIS Re-investment Notice” (“DRN”) within 6 months of the Effective Date. If you do not respond within 42 days of the date of the DRN, your MPF assets will be invested according to the DIS.
You should contact us as soon as possible to review your MPF investment instructions, and verify personal details (especially your address) to ensure you can receive important information from us.
In general, you will not receive the “DIS Re-investment Notice”. We will continue to invest according to the investment instruction you have given.
However, there are some exceptions. For example, the future contributions in the some cases may also be redirected to DIS although you have given investment instruction before. For details, please refer to FAQ.
If you are not sure which situation you are in, please contact us.
If one or more of the specified fund switching instruction(s) is / are being processed on the annual date of de-risking, the annual de-risking will only take place on the next dealing day upon the completion of these instructions where necessary. You should note that the annual de-risking may be postponed as a result.
Name of Notice | Target | Send Out Time |
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DIS Pre-Implementation Notice (“DPN”) & Important Note | All members | Before launch - January 2017 |
DIS Re-Investment Notice (“DRN”) | Relevant members | 20 April 2017 |
If you are currently invested in the default investment arrangement (DIA) of AMTD MPF Scheme, you will receive the DIS RE-INVESTMENT NOTICE (“Notice”) in April 2017. You have to give instruction in response to the Notice within the 42-day reply period. If you want to stay invested in the original default fund, you must respond to the Notice through the following “authorized” channels, so that your instruction is received by us before the following cut-off times on the Due Date. Channels other than those set out below are not authorized for DIS purposes and submitting your instruction through unauthorized channels (e.g. via e-mail or intermediaries) is generally not acceptable (although the trustee may, on a case basis, choose to accept and process such instruction based on the actual time of receipt by the trustee).
Authorized Channels for DIS purpose | Cut-off time on the Due Date |
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By post / In person (for instruction given by way of the Option 2 Form attached to the Notice) | 6:00pm on the Due Date as shown in the Notice. Please make sure that sufficient time is allowed for postage (if applicable), so that the completed option 2 form can be received by Bank Consortium Trust Company Limited before the above cut-off time. |
Fax (for instruction given by way of the Option 2 Form attached to the Notice) | 23:59:59 pm on the Due Date as shown in the Notice |
oOo Securities website (for instruction given via website ) | 23:59:59 pm on the Due Date as shown in the Notice |
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