14th February 2025
BCT (MPF) Pro Choice
On Thursday the 27th of February, MPF’s “Scheme of the Year” will be announced at the 2025 and 13th edition of “The MPF Awards”. Leading up to MPF’s night of nights, MPF Ratings (MPFR) asked Mr MPF to review the finalists and offer his personal insights into what makes MPF’s most successful schemes a contender for MPF’s biggest prize of them all, MPF’s “Scheme of the Year”.
What we like
- A Gold rated MPF scheme for 5 consecutive years
- Industry leading administration
- Strong DIS Fund performance
- Most active MPF scheme in the community
- “MARIO”. BCT’s introduction to digital investment advice
Background
MPF Scheme of the Year finalists must be Gold rated by MPF Ratings (MPFR), MPF’s independent provider of research, views and education. Gold-rated schemes are identified as schemes that should deliver the best value for money and by doing so offer MPF members a positive and holistic MPF experience.
At $64.2bn in size as at end of 2024, BCT (MPF) Pro Choice accounts for 5.0% of MPF’s total assets, making it the system’s 7th largest MPF scheme.
What Mr MPF says about BCT
“BCT has always taken pride in ‘locality’ and ‘exclusivity’. BCT is, local Hong Kong company that is not only an exclusive provider of Hong Kong retirement, investment and administration solutions but also manages to successfully competes against bigger international participants for a share of MPF’s $1.291tr pie. Led by its flagship BCT (MPF) Pro Choice, BCT consistently punches above its weight. What BCT may lack in size is made up by being smart.
Credit goes to BCT for always willing to try new ang engaging ideas. In previous years it’s run various investment simulation games while in 2024 BCT introduced “MARIO” to the MPF world, MPF’s first digital advice tool. Other MPF schemes will soon follow but BCT can claim it has led MPF’s advice transformation, a transformation which demonstrates a genuine commitment to it members and the MPF system.
BCT’s commitment to MPF doesn’t just stop at digital advice. While MPF’s total assets grow exponentially, the number of MPF scheme participants has fallen, and BCT has capitalized by growing its MPF market share through thoughtful acquisitions. In addition to its established Pro Choice and Industry Choice, BCT acquired Invesco’s Strategic MPF scheme in 2023 and has just announced it will transition Principal’s MPF schemes onto its platform too.
Despite its growth, BCT has never lost sight of its local roots. BCT actively gives back to the community. Examples of which are numerous and can be found on BCT’s website, including a dedicated Hong Kong Baptist University mentoring programme and a savings matching initiative run with the Child Development Fund.
BCT, an MPF provider who consistently and successfully punches above its weight.”
The information contained in this blog was written by MPF Ratings, Hong Kong’s independent provider of MPF research, views and education and is general in nature, and does not take into account your personal situation. Additionally, you should consider whether the information contained herein is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
