What notice is due when an ORSO scheme winds up?

MPFA’s trustee FAQ addresses termination or winding up of an ORSO registered scheme as a whole. It says the relevant employer and designated person must give written notice to MPFA and each member within 14 days of the process commencing. Establish the scheme’s registration status and commencement date. The rule concerns the scheme-wide event; this guide does not address an individual employee’s dismissal. [C1, C2]

Ask for the scheme name, registration details and the date the termination or winding-up process began. Compare the stated effective date and explanation with the information supplied by the employer or administrator. MPFA’s official notification form requests the effective date, reasons, scheme-rule position and whether members have been informed. It is a regulator-facing form, not a promise that every member notice uses an identical template. [C2, C3]

Request a written explanation of how your rights will be dealt with, the records used and the contact responsible for updates. MPFA’s form distinguishes benefits paid or to be paid from rights and corresponding assets transferred or to be transferred to another scheme. Ask which arrangement applies and request an expected timetable. This notice rule alone does not specify your benefit-payment date or calculate your individual benefit entitlement. [C1, C3]

The trustee FAQ expressly excludes termination or winding up pursuant to a court order under section 48 of the Occupational Retirement Schemes Ordinance from its stated notice rule. Obtain the relevant order and ask MPFA or a lawyer about the applicable process. If an ordinary notice appears missing or late, preserve the correspondence and ask the employer and designated person for clarification. Scheme-specific rights require separate review. [C1, C2]

Must members receive written notice?

For the registered-scheme event described, yes, subject to the stated court-order exception. [C1]

Who has the notification obligation?

MPFA identifies the relevant employer and designated person; both MPFA and each member must be notified. [C1, C2]

What is the notice period?

Within 14 days after commencement of the termination or winding-up process. [C1, C2]

Does the clock start when I read the notice?

The stated trigger is commencement of the process, not your later reading date. [C1]

Is the notice deadline also the payment deadline?

Do not equate them. Request the individual settlement arrangement; the form allows for benefits still to be paid or transferred. [C2, C3]

Are court-ordered cases covered by the same explanation?

The FAQ excludes court orders under section 48 from its stated rule; seek separate advice. [C1]

Does this page calculate my scheme entitlement?

No. Request the applicable scheme terms and settlement explanation for individual review. [C3]

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General information, not advice.