MPF Scheme (Fidelity Retirement Master Trust) Notice to Employers and Members dated November 2020
Dear MPF Scheme (Fidelity Retirement Master Trust) Members,
Please refer to the attached Notice to Employers and Members. Summary of key changes to the Trust is extracted below:
Summary of Key Changes
1. Change of Trustee and Custodian of the Master Trust
With effect from 1 January 2021, the trustee and custodian of the Master Trust will be changed from HSBC Institutional Trust Services (Asia) Limited to HSBC Provident Fund Trustee (Hong Kong) Limited. The change of trustee and custodian is in the interest of Members and will not have any adverse impact on the Members.
2. Other changes to the Master Trust
With effect from 1 January 2021, the Trust Deed will be amended to include provisions specific to the appointment and removal of the administrator by the trustee with the prior written consent of the Investment Manager (such consent not to be unreasonably withheld), consequential and clarificatory amendments in relation to the appointment of the administrator and other miscellaneous amendments.
If you have any questions about the changes set out in the document, please contact Fidelity Investor Hotline at 2629 2629 or visit https://www.fidelity.com.hk.
Finance and Facilities Management Unit