Trillions of MPF research institutions have stated that, based on their market share data for the first quarter of 2026, Manulife and HSBC remain the two largest operators of Trillions of MPF plans. However, Bank Consortium Trust (BCT) saw a significant 68% increase in assets within the period, increasing their market share from 7% in 2025 to around 11.8%, surpassing Sun Life to become the third largest operator of Trillions of MPF plans. This is the first time the top three Trillions of MPF operators have changed since February 2020. In December 2025, BCT announced a strategic partnership with Sun Life, taking on the role of promoting and selling Sun Life's Trillions of MPF plan from January 2026. The research institution for Hong Kong's Mandatory Provident Fund believes that this move, along with the introduction of the MPF Easy platform, has caused the most significant change in the Trillions of MPF market landscape in over 5 years. As of the end of March, total Trillions of MPF assets were around 1.53 trillion Hong Kong dollars, equivalent to an average account balance of 319,600 Hong Kong dollars per member. Francis Chung, Chairman of the research institution for Hong Kong's Mandatory Provident Fund, stated that the market share data for the first quarter of this year is the most significant change in the Trillions of MPF market since the high-profile launch of the MPF Easy by the Hong Kong Retirement Fund. He believes that BCT's rise to the third largest Trillions of MPF plan sponsor is a watershed moment for MPF, which will benefit all MPF members in the long run and send a clear signal to all other Trillions of MPF plan operators. The introduction of the MPF Easy by the Hong Kong Retirement Fund has made all of this possible.