18th February 2025
BOC-Prudential Easy-Choice MPF Scheme
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
- MPF’s fastest growing MPF scheme
- Strong distribution support
- Complements My Choice MPF Scheme
- Clear disclosure of Key Scheme Information
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 $92.4bn in size as at end of 2024, BOC-Prudential Easy-Choice MPF Scheme accounts for 7.2% of MPF’s total assets, making it the system’s 5th largest MPF scheme.
What Mr MPF says about Easy-Choice
“Formula 1 car racing fans will know that in any race there’s always races within the main race. There are biggest teams, those teams who want to win the actual race at all cost, then there are teams who simply want to avoid the ignominy of finishing last, and finally there are the teams in the middle, the “best of the rest”. These teams characteristically don’t have the resources to consistently beat the biggest teams, but in wanting to compete with the big teams, they force all teams to improve their performance, leading to a better spectator experience. To describe Easy-Choice as ‘the best of the rest’ is not meant to be patronizing, on the contrary it is a compliment that thanks to strong support from Prudential on the insurance side and Bank of China on the banking side, the scheme is now are now within touching distance of the biggest MPF players, leading to the big players looking over their shoulder and putting pressure on them to raise their game. If all schemes raise their game the ultimate beneficiaries are the MPF members. Having distribution support through both banking and insurance channels differentiates Easy-Choice from other schemes, and it is this support, combined with excellent investment performance, which has helped the scheme win MPF’s Fast Mover award for 2025; awarded to MPF’s fastest growing MPF scheme.”
Notably, Easy-Choice’s trustee is BOCI-Prudential Trustee, who is also the trustee to the My Choice MPF Scheme. Both are Gold rated but with former’s assets managed by an in-house funds management team, and the latter using 3rd party fund managers, the different approaches offer members a definitive choice.”
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.
