Bank of East Asia Trustees announced that it has launched rewards for new and existing MPF customers who transfer their accrued MPF balance to the group’s Master Trust Scheme as concern grows among employees and distributors about MPFs.
Clients who apply to BEA Trustees during the promotional period, from now until 31 December, and who successfully transfer their MPF balance of HK$10,000 or more from another service provider to the BEA (MPF) Master Trust Scheme by the end of January next year, may receive a one-off bonus ranging from at least HK$100 to a maximum of 0.68% of the overall amount transferred.
In addition, the top 10 clients with the largest amount of asset transfer in each of five designated categories could receive an extra one-off reward of 0.32% of the total assets transferred, while the top 10 customers with the largest overall amount may receive a further bonus with a value between HK$1,000 and HK$10,000.
"Our award winning MPF services are tailored to suit customers’ varied needs. We encourage customers to take advantage of this opportunity to consolidate the management of their MPF assets while they enjoy these attractive offers," said Patrick Li, director and chief executive of BEA Trustees.
However, bonuses offered under this rewards scheme will be clawed back if customers fail to retain their asset transferred until the end of February 2013.