Our ORSO Product
- FWD Multi-Funding Provident Plan (the "Plan") is a pooled retirement scheme established by an insurance policy issued by FWD Life Insurance Company (Bermuda) Limited ("FWD Life").
- The guarantee of the FWD Capital Guarantee Fund is provided by FWD Life. Your investments in FWD Capital Guarantee Fund are therefore subject to the credit risks of FWD Life. The guarantee is subject to qualifying conditions as set out in Appendix 1 to the Explanatory Memorandum in respect of the FWD Capital Guarantee Fund.
- Each of the Managed Funds of the Scheme will invest in the corresponding Underlying Funds. Such Underlying Funds may invest in equities, debt securities and/or financial derivative instruments, as the case may be, each with a different risk profile.
- Underlying Funds which invest in emerging markets may be subject to higher liquidity and volatility risks. Underlying Funds which invest in a particular market or sector may be subject to a higher concentration risk than funds with a more diversified investment policy.
- Underlying Funds which invest in debt securities that are low-rated or non-investment grade debt securities may be subject to higher credit and counterparty risks than funds which invest in debt securities with higher credit ratings.
- Underlying Funds which invest substantially in financial derivative instruments may be subject to significant liquidity and counterparty default risks and therefore may expose the Underlying Funds to the potential for significant losses.
- The Scheme is constituted in the form of an insurance policy. While the benefit payments under the Scheme are calculated with reference to the performance of the Investment Options, you are not investing in the underlying investment funds / assets and do not have any rights or ownership over the underlying investment funds / assets. Such underlying investment funds / assets are legally owned by FWD Life. You only have a contractual right to claim the amount representing the benefits under the Scheme from FWD Life. Your investment in the Scheme is therefore subject to the credit risks of FWD Life.
- You should consider your own risk tolerance level and financial circumstances before making any investment choices. If you are in doubt as to whether a Managed Fund is suitable for you (including whether it is consistent with your investment objectives), you should seek independent financial and/or professional advice.
- You should not invest based on this website alone. You should read this Explanatory Memorandum for further details including product features, fees and charges and risk factors (set out in section 3 headed "INVESTMENT RISKS AND RISK FACTORS").
Important Notes:
- The Plan has been authorized by the Securities and Futures Commission ("SFC"). Such authorization does not imply any official recommendation by the SFC.
- Investment involves risk and past performance information presented is not indicative of future performance. Not all investment choice available under the Plan would be suitable for everyone. There is no assurance on investment returns and your investments/accrued benefits may suffer significant losses.
- For further details including the features of the Plan, please refer to the details in the Explanatory Memorandum. Please refer to the latest offering documents of the underlying funds. If you are in doubt about the meaning or effect of the contents of the Explanatory Memorandum and the offering document of each underlying fund, you should seek professional advice.
Issued by FWD Life Insurance Company (Bermuda) Limited.
- FWD Multi-Funding Provident Plan (the "Plan") is a pooled retirement scheme established by an insurance policy issued by FWD Life Insurance Company (Bermuda) Limited ("FWD Life").
- The guarantee of the FWD Capital Guarantee Fund is provided by FWD Life. Your investments in FWD Capital Guarantee Fund are therefore subject to the credit risks of FWD Life. The guarantee is subject to qualifying conditions as set out in Appendix 1 to the Explanatory Memorandum in respect of the FWD Capital Guarantee Fund.
- Each of the Managed Funds of the Scheme will invest in the corresponding Underlying Funds. Such Underlying Funds may invest in equities, debt securities and/or financial derivative instruments, as the case may be, each with a different risk profile.
- Underlying Funds which invest in emerging markets may be subject to higher liquidity and volatility risks. Underlying Funds which invest in a particular market or sector may be subject to a higher concentration risk than funds with a more diversified investment policy.
- Underlying Funds which invest in debt securities that are low-rated or non-investment grade debt securities may be subject to higher credit and counterparty risks than funds which invest in debt securities with higher credit ratings.
- Underlying Funds which invest substantially in financial derivative instruments may be subject to significant liquidity and counterparty default risks and therefore may expose the Underlying Funds to the potential for significant losses.
- The Scheme is constituted in the form of an insurance policy. While the benefit payments under the Scheme are calculated with reference to the performance of the Investment Options, you are not investing in the underlying investment funds / assets and do not have any rights or ownership over the underlying investment funds / assets. Such underlying investment funds / assets are legally owned by FWD Life. You only have a contractual right to claim the amount representing the benefits under the Scheme from FWD Life. Your investment in the Scheme is therefore subject to the credit risks of FWD Life.
- You should consider your own risk tolerance level and financial circumstances before making any investment choices. If you are in doubt as to whether a Managed Fund is suitable for you (including whether it is consistent with your investment objectives), you should seek independent financial and/or professional advice.
- You should not invest based on this website alone. You should read this Explanatory Memorandum for further details including product features, fees and charges and risk factors (set out in section 3 headed "INVESTMENT RISKS AND RISK FACTORS").
Important Notes:
- The Plan has been authorized by the Securities and Futures Commission ("SFC"). Such authorization does not imply any official recommendation by the SFC.
- Investment involves risk and past performance information presented is not indicative of future performance. Not all investment choice available under the Plan would be suitable for everyone. There is no assurance on investment returns and your investments/accrued benefits may suffer significant losses.
- For further details including the features of the Plan, please refer to the details in the Explanatory Memorandum. Please refer to the latest offering documents of the underlying funds. If you are in doubt about the meaning or effect of the contents of the Explanatory Memorandum and the offering document of each underlying fund, you should seek professional advice.
Issued by FWD Life Insurance Company (Bermuda) Limited.
The Plan allows employers and employees to allocate, or divide their own separate contributions on a percentage basis among nine investment options managed by the professional investment organizations.
- FWD Capital Guarantee Fund
- Global - Asia Pacific Fund
- Global Fund
- Global Balanced Fund
- Global Bond Fund
- Hong Kong China Fund
- American Growth Fund
- European Growth Fund
- Asia Opportunities Equity Fund
The assets of the above nine investment options will invest in underlying funds.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
FWD Multi-Funding Provident Plan
Our ORSO Product
The fund's investment objective is to preserve the capital of the assets and to seek a stable return to the fund investors. The long-term investment strategy would include equities, fixed income securities and cash with a range of 0% to 33%, 67% to 100% and 0% to 10% respectively.
FWD Capital Guarantee Fund is a managed fund that guarantees the declared rate will not be less than 0% per annum on the total contributions, less any withdrawals and other applicable charges and fees received for the period of ten years from the commencement date of the participation in the fund. Such guarantee shall remain unchanged until the expiry of such period of ten years or the termination of this fund, whichever is the earlier. The guarantor is FWD Life Insurance Company (Bermuda) Limited (“FWD Life”). In case there is any shortfall, FWD Life will make up this over the first ten policy years.
After ten years from the commencement date of the participation in the fund, unless FWD Life decides otherwise, the guarantee will lapse.
The guarantee is subject to qualifying conditions. Please refer to section 1 of Part II of the Principal Brochure for details of the guarantee features and conditions.
After ten years from the commencement date of the participation in the fund, unless FWD Life decides otherwise, the guarantee will lapse.
The guarantee is subject to qualifying conditions. Please refer to section 1 of Part II of the Principal Brochure for details of the guarantee features and conditions.
The fund is denominated in Hong Kong dollars and the declared rates for the past years are:
| Year | Declared rate* (p.a.) |
| 2017 | 2.40% |
| 2016 | 2.20% |
| 2015 | 2.20% |
| 2014 | 3.10% |
| 2013 | 3.05% |
| 2012 | 3.15% |
| 2011 | 3.60% |
| 2010 | 5.10% |
| 2009 | 5.25% |
| 2008 | 3.00% |
| 2007 | 7.25% |
| 2006 | 6.25% |
| 2005 | 6.25% |
| 2004 | 6.25% |
| 2003 | 7.00% |
| 2002 | 6.00% |
| 2001 | 6.25% |
| 2000 | 7.50% |
| 1999 | 8.75% |
| 1998 | 7.00% |
| 1997 | 7.50% |
| 1996 | 8.10% |
| 1995 | 7.00% |
The above are historical rates FWD Life has declared to its clients. Please note that the declared rate is the actual rate at which interest has been credited to the fund accounts and that no deductions are made by FWD Life from such interest. Please also note that the figures are for indication only and that past performance is not necessarily a guide to future performance. Investment return may fluctuate.
The interest will be credited to individual member’s account on the policy anniversary (or the termination of membership).
The declared rate as declared annually by FWD Life at its absolute discretion, is based on the yield earned and may be nominal value on the investment, net of all relevant taxes and charges but including realized and unrealized gains and adjustments made by the actuary to smooth market fluctuations.
Subject to the guarantee feature listed above, the declared rate will be determined entirely at FWD Life’s discretion. Moreover, FWD Life, at its sole discretion, has the right to retain the investment income of the fund in excess of the declared and guaranteed benefits under the fund.
The annual declared rate will be announced after each fiscal year end of the fund.
*Source: FWD Life
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details
The fund's investment objective is to preserve the capital of the assets and to seek a stable return to the fund investors. The long-term investment strategy would include equities, fixed income securities and cash with a range of 0% to 33%, 67% to 100% and 0% to 10% respectively.
FWD Capital Guarantee Fund is a managed fund that guarantees the declared rate will not be less than 0% per annum on the total contributions, less any withdrawals and other applicable charges and fees received for the period of ten years from the commencement date of the participation in the fund. Such guarantee shall remain unchanged until the expiry of such period of ten years or the termination of this fund, whichever is the earlier. The guarantor is FWD Life Insurance Company (Bermuda) Limited (“FWD Life”). In case there is any shortfall, FWD Life will make up this over the first ten policy years.
After ten years from the commencement date of the participation in the fund, unless FWD Life decides otherwise, the guarantee will lapse.
The guarantee is subject to qualifying conditions. Please refer to section 1 of Part II of the Principal Brochure for details of the guarantee features and conditions.
After ten years from the commencement date of the participation in the fund, unless FWD Life decides otherwise, the guarantee will lapse.
The guarantee is subject to qualifying conditions. Please refer to section 1 of Part II of the Principal Brochure for details of the guarantee features and conditions.
The fund is denominated in Hong Kong dollars and the declared rates for the past years are:
| Year | Declared rate* (p.a.) |
| 2017 | 2.40% |
| 2016 | 2.20% |
| 2015 | 2.20% |
| 2014 | 3.10% |
| 2013 | 3.05% |
| 2012 | 3.15% |
| 2011 | 3.60% |
| 2010 | 5.10% |
| 2009 | 5.25% |
| 2008 | 3.00% |
| 2007 | 7.25% |
| 2006 | 6.25% |
| 2005 | 6.25% |
| 2004 | 6.25% |
| 2003 | 7.00% |
| 2002 | 6.00% |
| 2001 | 6.25% |
| 2000 | 7.50% |
| 1999 | 8.75% |
| 1998 | 7.00% |
| 1997 | 7.50% |
| 1996 | 8.10% |
| 1995 | 7.00% |
The above are historical rates FWD Life has declared to its clients. Please note that the declared rate is the actual rate at which interest has been credited to the fund accounts and that no deductions are made by FWD Life from such interest. Please also note that the figures are for indication only and that past performance is not necessarily a guide to future performance. Investment return may fluctuate.
The interest will be credited to individual member’s account on the policy anniversary (or the termination of membership).
The declared rate as declared annually by FWD Life at its absolute discretion, is based on the yield earned and may be nominal value on the investment, net of all relevant taxes and charges but including realized and unrealized gains and adjustments made by the actuary to smooth market fluctuations.
Subject to the guarantee feature listed above, the declared rate will be determined entirely at FWD Life’s discretion. Moreover, FWD Life, at its sole discretion, has the right to retain the investment income of the fund in excess of the declared and guaranteed benefits under the fund.
The annual declared rate will be announced after each fiscal year end of the fund.
*Source: FWD Life
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details
For Investment Objective, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
For Investment Performance, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Aberdeen Standard SICAV I - Asia Pacific Equity Fund
Aberdeen Asset Managers Limited (sub-managed by Aberdeen Standard Investments (Asia) Limited)
For Investment Performance, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
For Investment Performance, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Templeton Global Fund
The offering document is available here.
Templeton Global Advisors Limited
For Investment Objective, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
For Investment Performance, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Templeton Global Balanced Fund
The offering document is available here.
Franklin Templeton Investments Australia Limited and Franklin Advisors, Inc. as coinvestment managers
For Investment Objective, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
For Investment Performance, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Templeton Global Bond Fund
The offering document is available here.
Franklin Advisers, Inc.
For Investment Objective, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
For Investment Performance, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Baring Hong Kong China Fund
The offering document is available here.
Baring International Fund Managers (Ireland) Limited (sub-advised by Baring Asset Management Limited and Baring Asset Management (Asia) Limited)
For Investment Objective, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
For Investment Performance, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Fidelity Funds – American Growth Fund
The offering document is available here.
FIL Investment Management (Luxembourg) S.A.
For Investment Objective, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
For Investment Performance, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Fidelity Funds – European Growth Fund
The offering document is available here.
FIL Investment Management (Luxembourg) S.A.
For Investment Objective, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
For Investment Performance, please refer to the relevant fund fact sheet placed under the section of ORSO Fund Performance. For further details, please refer to relevant Explanatory Memorandum/Offering Document.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Note: Investment involves risk and the price of units may go down as well as up. Past performance is not indicative of future returns. Please refer to the relevant Explanatory Memorandum/Offering Document for further details.
Invesco Asia Opportunities Equity Fund
The offering document is available here.
Invesco Hong Kong Limited
Contact us
Address
The Administrator, BestServe Financial Limited
10/F, One Harbourfront, 18 Tak Fung Street,
Hunghom, Kowloon, Hong Kong
Monday to Friday (9am - 5:45pm)
Telephone
FWD Pension Service Hotline: 3183 1900
Monday to Friday (9am - 7pm) and Saturday (9am - 1pm)
The Administrator, BestServe Financial Limited
10/F, One Harbourfront, 18 Tak Fung Street,
Hunghom, Kowloon, Hong Kong
Monday to Friday (9am - 5:45pm)
Telephone
FWD Pension Service Hotline: 3183 1900
Monday to Friday (9am - 7pm) and Saturday (9am - 1pm)
© Copyright 2023 FWD Life Insurance Company (Bermuda) Limited
(Incorporated in Bermuda with limited liability). All rights reserved.
(Incorporated in Bermuda with limited liability). All rights reserved.