General notice to Wayfoong Multi-funding System – Deferred Member Arrangement ('WMFS DMA') scheme participants regarding the introduction of partial withdrawal
With effect from 23 August 2021, there will be an additional option available for WMFS DMA scheme participants to partially withdraw their retirement benefits. This change is expected to provide members with greater flexibility in managing their cash flow and continuing investments.
At eligible scheme participants’ decision, they can request to partially withdraw their retirement benefits by submitting to us a valid and duly completed the Deferred Member Arrangement – Partial Withdrawal Request Form.
Any partial withdrawal request for the payment of benefits will be subject to the satisfaction of certain conditions mentioned in the Deferred Member Arrangement – Partial Withdrawal Request Form, and in the WMFS DMA Principal Brochure.
WMFS DMA scheme participants may request copies of the updated Principal Brochure or a copy of the Deferred Member Arrangement – Partial Withdrawal Request Form by calling our enquiry hotline on +852 2288 6655.
- The information contained in this website is for reference only and will be updated from time to time without notice. The provisions of the Occupational Retirement Schemes Ordinance, other applicable legislation/regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority and/or Securities and Futures Commission shall prevail for any information on ORSO system. If you are in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.
- Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the relevant brochure.