No Marketing of ORSO Schemes to the Public

The MPFA alerts members of the public to the inappropriate marketing of occupational retirement schemes under the Occupational Retirement Schemes Ordinance (Cap. 426, Laws of Hong Kong) (ORSO schemes) as investment vehicles by some persons or firms claiming to be financial planners or investment advisors via the Internet or public seminars. Targets of such promotion include overseas citizens. On some occasions, overseas citizens were invited by these persons or firms to transfer their overseas pension benefits to or invest funds in ORSO schemes.   
Members of the public (local or overseas) should note the following:

  • An ORSO scheme is a retirement scheme set up voluntarily by an employer for providing benefits to its employees.
  • An ORSO scheme cannot be marketed to members of the public for investment or enrolment.
  • As the Registrar of ORSO schemes, the MPFA will take actions against ORSO schemes that do not comply with the relevant legislative requirements.
  • You can conduct a search on the ORSO Schemes Register for the particulars of an ORSO scheme, including the name of the employer, at the following link:
If you are invited to enrol or invest in an ORSO scheme the employer of which is not your employer, you should refuse the invitation and where appropriate report the incident to the MPFA via our hotline (2918 0102) or email ( If in doubt, you should seek independent professional advice.

Last Revision Date: 03/09/2018