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CLIENT E-NEWSLETTER
YOU ALWAYS WORK HARD TO EARN MORE. BUT SHOULDN’T YOUR EARNINGS ALSO WORK HARD
FOR YOU?
Sun Life MPF, dare to innovate, we work harder to make your hard-earned money
work harder for you
YOU ALWAYS WORK HARD TO EARN MORE. BUT SHOULDN’T YOUR EARNINGS ALSO WORK HARD
FOR YOU?
Sun Life MPF, dare to innovate, we work harder to make your hard-earned money
work harder for you
CLIENT E-NEWSLETTER
* WATCH & LEARN
* CLIENT E-NEWSLETTER
* TOOLS & CALCULATORS
* MPF AWARDS
1. 2024
2. 2023
3. 2022
4. 2021
2024
Q1 2024 NEWSLETTER
Sun Life Hong Kong has captured 34 MPF Awards
Sun Life Hong Kong’s MPF is Rank No.1 in MPF Net Asset Cumulative Growth in
percentage for the past 10 years1 and received 34 prestige MPF awards in the
past year2, including the 10 Year Consecutive Gold3 and the Best New Innovation3
by MPF Ratings.
Please visit our Award webpage to find out more details about the MPF awards
received by Sun Life.
1. Source: Gadbury Report – MPF Market Shares and Estimated Net Fund Inflows in
the MPF System, Hong Kong (Q1 2014 – Q1 2017) and Mercer MPF Market Shares
Report (Q2 2017 – Q4 2023). The cumulative growth in percentage in terms of MPF
net asset is calculated by the difference between the MPF net asset market share
during Q1 2014 and Q4 2023.
2. April 2023 to March 2024
3. Source: ‘The 2024 MPF Awards’ by MPF Ratings
Market Insights by Sun Life Asset Management (HK) Limited
As U.S. inflation is expected to rise, the market has rekindled concerns about
global inflation, the stock and bond markets have fallen from their highs at the
beginning of the year. However, overall, the growth rate of global central banks
benchmark interest rates has peaked this year.
For details, please access the full version of Market Insights – Q1 2024 at
https://sunlife.co/db92ab.
Macro Observation by Sun Life Asset Management (HK) Limited
While the US stock market is considered relatively resilient, record highs mean
many investors are concerned about lofty valuations. Using the dollar-cost
averaging approach can help average out the buying cost and mitigate the impact
of short-term volatility on investments.
Check out more here: https://sunlife.co/nwp9
Note: The content in the video is only for general information sharing. It is
not a form of investment opinion, it is neither an invitation of investment, nor
an agreement to make a purchase of any investment product. Sun Life Asset
Management (HK) Limited is not responsible for any loss or damage arise from the
information or opinion featured in this video and not responsible for the
completeness of any information or opinion.
MARKET NAVIGATOR – Q2 2024 BY SUN LIFE ASSET MANAGEMENT (HK) LIMITED
Artificial Intelligence (AI) has become red-hot in the investment market.
According to Bloomberg data, US stock markets hit record highs in the first
quarter of this year, driven by stocks with AI theme. The popularization of AI
is still in its infancy. Although much attention has focused on US mega-cap
companies, many Asia companies appear to be major beneficiaries as well. As the
epicenter of global semiconductor manufacturing, Taiwan exports rebounded with
increasing demand for advanced semiconductors. South Korea is also well
positioned due to their production of high bandwidth memory (HBM) chips. India
has a large young population and a vast market. In addition, the Indian
government actively attracts foreign investment to promote the development of
the AI industry. The development of AI has great benefits for automation and
improving efficiency. Japan, with aging population, is expected to be a key
beneficiary was an AI adopter to grow economy. We raised our outlook on Asian
equities to positive in the second quarter.
To learn the market outlook for the second quarter of 2023 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q2 2024 for more details.
Investment involves risks and past performance is not indicative of future
performance. Investment return may rise as well as fall due to market condition
and currency movement which may affect the value of investments. The value of
units may vary due to changes in exchange rates between currencies. Emerging
markets may involve a higher degree of risk than in developed markets and are
usually more sensitive to price movements.
THE 10TH ANNIVERSARY OF GOOD MPF EMPLOYER AWARD NOW ACCEPTS APPLICATIONS TILL 15
JULY
Celebrating a Rewarding 10-Year Journey with You! The 2023-24 Good MPF Employer
Award (Award), organized by the MPFA, will enter its 10th anniversary this year.
It is now open for applications and nominations.
The Award aims to promote and foster employer compliance with MPF legislation;
encourage employers to provide better retirement benefits for their employees;
and recognise employers who are exemplary in enhancing the retirement benefits
of their employees. Nearly 3,100 companies and organizations have been honoured
since its debut in 2015.
Employers who are committed in enhancing the retirement benefits of their
employees should act now and receive the recognition you deserve! Employees are
also welcome to nominate their employers for the Award.
2023
Q4 2023 NEWSLETTER
Sun Life Hong Kong has captured 34 MPF Awards
Sun Life’s MPF is Rank No.1 in MPF Net Asset Cumulative Growth in percentage for
the past 10 years1 and received 34 prestige MPF awards in the past year2,
including the 10 Year Consecutive Gold3 and the Best New Innovation3 by MPF
Ratings.
Please visit our Award webpage to find out more details about the MPF awards
received by Sun Life.
1. Source: Gadbury Report – MPF Market Shares and Estimated Net Fund Inflows in
the MPF System, Hong Kong (Q4 2013 – Q1 2017) and Mercer MPF Market Shares
Report (Q2 2017 – Q3 2023). The cumulative growth in percentage in terms of MPF
net asset is calculated by the difference between the MPF net asset market share
during Q4 2013 and Q3 2023.
2. April 2023 to March 2024
3. Source: ‘The 2024 MPF Awards’ by MPF Ratings
Sun Life Hong Kong Strives on development of “Go Green Project” for the
Environment
ESG (Environment, Social and Governance) is becoming the hot topics in various
industries, MPF is no exception. With this regard, Sun Life Hong Kong launched
the Sun Life MPF Low Carbon Fund in June 2023, reflecting our long-standing
purpose of “sustainable development, “responsible investment” and “focus on
client choice”. In terms of company operations and administration, we are
committed to developing "Go Green Project" with the goal of reducing the use of
paper in daily operations by optimizing the customer online platform. Thank you
for your support on our Go-Green initiatives which led to achieve below great
successes:
* In early 2023, Sun Life Hong Kong launched “e-alert service” to encourage MPF
members to opt-in to e-alert service for the sake of environment protection.
As a result, as of June 2023, there are 36% more MPF members opt in for
e-alert service in comparison with January last year.
* From June to September 2023, Sun Life Hong Kong encouraged participating
employers to consider using “Online Remittance Statement” to reduce paper
usage during operation. As of October 2023, approximately 80% of our
participating employers have opted for “Online Remittance Statement” instead
of physical paper ones.
It’s the time of the year to online apply TVC to get tax deductions or more!
TVC is a form of MPF contributions which can help you save money while enjoying
tax deduction. The contributions you make to this TVC account (up to an annual
limit of HK$60,000) will be counted as a deductible item when you report your
taxable income. Depending on your TVC amount, based on the prevailing highest
tax rate (i.e. 17%), the maximum tax savings can reach HK$10,200*.
Plan smart, save more with our TVC special offer, for more details, please visit
our TVC webpage at
https://www.sunlife.com.hk/en/investments/mpf-and-orso-scheme/tax-deductible-voluntary-contributions/
To make it faster and easier for existing Tax Deductible Voluntary Contribution
(TVC) members to submit TVC contributions, we have a new feature in the Sun Life
MPF Mobile App or Online Pension Services Centre, which allows them to submit
contributions anytime, anywhere, on any digital devices. It can also reduce
paper and protect the earth!
*This is the maximum tax concession amount in the year of assessment 2023/2024.
Disclaimer
Investment involves risks and past performance is not indicative of future
performance. Investment return may rise as well as fall due to market condition
and currency movement which may affect the value of investments. The value of
units may vary due to changes in exchange rates between currencies. Emerging
markets may involve a higher degree of risk than in developed markets and are
usually more sensitive to price movements.
Market Navigator – Q1 2024 By Sun Life Asset Management (HK) Limited
In 2024, we may see a pivot in global monetary policy. At this time last year,
markets were still worrying about more aggressive rate hikes. Markets are now
paying close attention to the timing of monetary easing. The latest interest
rate dot plot from the US Federal Reserve indicates that US may cut interest
rates three times in 2024+. The act would be more aggressive than September’s
forecast in 2023. With interest rates peaking and the economy staying resilient,
corporate earnings may be supported We prefer the US stock market. Overall bond
markets have registered decent rebound after sharp fall in US treasury yields
since early November last year. Bonds with longer duration can help capture
opportunities from falling interest rates as they are more sensitive to interest
rate changes. Furthermore, bonds may play a buffering role during an economic
downturn. From an asset allocation perspective, bonds diversify portfolios and
reduce portfolio volatilities. We expect geopolitical tension to continue in
2024. Demand for precious metals, as safe-haven assets, may increase. After all,
a weaker US dollar amid expectations of rate cuts may support prices of precious
metals.
+Source: Bloomberg
To learn the market outlook for the first quarter of 2024 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q1 2024 for more details.
Investment involves risks and past performance is not indicative of future
performance. Investment return may rise as well as fall due to market condition
and currency movement which may affect the value of investments. The value of
units may vary due to changes in exchange rates between currencies. Emerging
markets may involve a higher degree of risk than in developed markets and are
usually more sensitive to price movements.
Macro Observation - 2024 Market Outlook by Sun Life Asset Management (HK)
Limited
Heading into 2024, there’s a possibility that Federal Reserve may have a rate
cut. Which investment markets or sectors are worth looking into? How should
investors plan for it and what are the risk factors investors should pay
attention to this year?
Check out more here: https://sunlife.co/77bde2
*Note: The content in the video is only for general information sharing. It is
not a form of investment opinion, it is neither an invitation of investment, nor
an agreement to make a purchase of any investment product. Sun Life Asset
Management (HK) Limited is not responsible for any loss or damage arise from the
information or opinion featured in this video and not responsible for the
completeness of any information or opinion.
Q3 2023 NEWSLETTER
New Brand Promotion Campaign - Life’s Brighter Under the Sun
For over 131 years, we have been steadfast in our commitment to help our Clients
navigate life’s challenges with lifetime financial security and live healthier
lives. We are excited to officially launch a new cross-channel brand promotion,
further demonstrating Sun Life's unwavering commitment to the Hong Kong market.
We aim to strengthen our leadership position in life and health, wealth and
pensions, and asset management, and to establish Sun Life as an influential and
sustainable top-tier brand.
Our heartfelt advertisements will captivate the audience, conveying the message
that no matter what sort of adversity or challenge we might face, Sun Life will
always be there with you, illuminating the lives of every Hong Konger.
Look out for our advertisements across TV, taxi’s, cinema, and social media
platforms from October through to the end of December 2023!
Sun Life Hong Kong to launch a new constituent fund
With effect from 29 November 2023, a new constituent fund, namely Sun Life MPF
US & Hong Kong Equity Fund, will be established under the Sun Life Rainbow MPF
Scheme (“the Scheme”). There will be no impact on the fee structure, investment
objective, policy, restrictions, risk profile and dealing arrangement of the
existing constituent funds under the Scheme.
For more details, please refer to the latest addendum to the MPF Scheme Brochure
of the Scheme.
Introducing the Rebranded Sun Life MPF Mobile App
Our BestServe MPF mobile app is undergoing a transformation and will be renamed
the Sun Life MPF in early November. The name change, together with the refreshed
look, will make it easier for you to recognize and connect with us.
What's in Store for You in Sun Life MPF Mobile App?
* Effortless MPF Management
Take charge of your MPF account and portfolio at one glance, enabling you to
easily modify investment mandate and switch funds according to your needs and
preferences.
* Efficient Access to E-Statements
Keep track of your records and transactions with our app by accessing and
downloading electronic statements issued over the past 24 months.
* Convenient Instruction Handling
Stay up-to-date anytime and anywhere on the status of your instructions and
cancel any submitted instructions before the cut-off time, right at your
fingertips.
* Keep Contact Information Updated
Stay connected by easily updating your contact details through our app,
ensuring that you receive timely and relevant notifications.
Plan Smartly for a Worry-free and Comfortable Retirement
Have you thought about at what age you plan to retire? What would you like to do
in retirement? What do you fear most about retirement?
If you have the same fear as Ada Kung, our Chief Investment Strategist of Sun
Life Asset Management, she’ll explain how to leverage the compound interest
effect to “accumulate small amounts to create a larger whole” for the future, by
an additional $1,000 monthly MPF voluntary contribution. Click to watch the
video: https://youtu.be/Q7t-JR-o9jk.
Want to find out how much more you will need to save for retirement? Click here
to use our Retirement Savings Calculator: https://sunlife.co/2hdh
This video is voice over in Cantonese with both Chinese and English subtitles.
*Note: The content in the video is only for general information sharing. It is
not a form of investment opinion, it is neither an invitation of investment, nor
an agreement to make a purchase of any investment product. Sun Life Asset
Management (HK) Limited is not responsible for any loss or damage arise from the
information or opinion featured in this video and not responsible for the
completeness of any information or opinion. Investment involves risks and past
performance is not indicative of future performance. Investment return may rise
as well as fall due to market condition and currency movement which may affect
the value of investments. The value of units may vary due to changes in exchange
rates between currencies. Emerging markets may involve a higher degree of risk
than in developed markets and are usually more sensitive to price movements.
Market Navigator – Q4 2023 By Sun Life Asset Management (HK) Limited
As we enter the last quarter of 2023, our view for overall markets remains
neutral and slightly optimistic. In fact, stock markets generally outperform in
Q4. From 2002 to 2022, the MSCI World Index registered a quarterly increase in
Q4 in 17 out of 20 years, with an average increase of about 3.8%*. Q4
performance have been the best compared with other quarters. As for bonds,
investors are expecting a "Higher for Longer" interest rate environment. Taking
historical data* as a reference, the federal funds rate typically enters a
plateau period before rate cuts. Since 1990, there has been 4 interest rate
plateau periods and the Bloomberg Barclays Global Aggregate Investment Grade
Bonds Index recorded positive returns in all 4 periods, outperforming global
equities. Investment-grade bonds, therefore, may offer opportunities after rate
hike cycle ends. However, higher rates for longer may affect investment
sentiment. While capturing seasonal opportunities, investors may consider
diversifying portfolios with equities and investment-grade bonds for to balance
portfolio risks.
To learn the market outlook for the second quarter of 2023 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q4 2023 for more details.
*Source: Bloomberg
Investment involves risks and past performance is not indicative of future
performance. Investment return may rise as well as fall due to market condition
and currency movement which may affect the value of investments. The value of
units may vary due to changes in exchange rates between currencies. Emerging
markets may involve a higher degree of risk than in developed markets and are
usually more sensitive to price movements.
Q2 2023 NEWSLETTER
Sun Life Hong Kong garnered Sponsor of the Year1 by Benchmark for two
consecutive years with its administrator awarded the Best MPF Administration
Company of the Year Award2 by Mediazone
After the Intermediary of the Year1 award, Sun Life Hong Kong further garnered
the grand award, Sponsor of the Year 1 by Benchmark for two consecutive years!
The Benchmark “Sponsor of the Year” 1 award recognizes MPF Sponsors
demonstrating excellence in their product designs, fund manager selection, cost
structuring and engagement.
In addition, Sun Life MPF’s administrator BestServe Financial Limited is awarded
the Best MPF Administrator Company of the Year by Mediazone, presented by Asia’s
Most Valuable Companies in Hong Kong 2023 Awards.
Along with continuously enhancing MPF products and services, among all MPF
providers, Sun Life MPF ranked no. 1 in the cumulative growth of asset in
percentage in the past 10 years, showcasing the leading position of Sun Life MPF
in the market.
Please visit our Award webpage to find out more details about the MPF awards
received by Sun Life.
1 Source: BENCHMARK MPF Awards 2022.
2 Source: Mediazone Group
3 Source: Gadbury Report – MPF Market Shares and Estimated Net Fund Inflows in
the MPF System, Hong Kong (Q1 2013 – Q2 2017) and Mercer MPF Market Shares
Report (Q2 2017 – Q1 2023). The cumulative growth in percentage in terms of MPF
net asset is calculated by the difference between the MPF net asset market share
during Q1 2012 and Q2 2022
Sun Life Hong Kong launches three MPF funds targeting low carbon index as well
as US and European stock markets respectively
On 5 June, Sun Life Hong Kong launched three new MPF funds in relation to global
low carbon index, US and European equities which will provide MPF investors a
wider choice of investment options. The launch of these three investment
vehicles underscores Sun Life Hong Kong’s commitment to providing a suite of MPF
solutions that cater to Clients’ varying needs and preferences.
Rainbow Pan, General Manager, Wealth & Pensions of Sun Life Hong Kong Limited,
said “Given the impact of today’s geopolitical tensions, inflation, and
escalating interest rates, fluctuations in both the global economy as well as
asset prices are almost impossible to avoid. Due to the difficulties of making
profits from a single investment, many MPF investors are seeking to adopt a
long-term investment strategy of achieving progress while maintaining stability
and diversifying risks. The enriched product portfolio reflects our
long-standing principles of sustainable development, responsible investing, and
attention to consumer choices, enabling our MPF investors to tailor their
retirement plans by allocating funds more flexibly according to their own
specific investment goals and risk tolerance.”
Payment method enhancement starting from 3rd July 2023
Starting from 3rd July 2023, we are extending the direct deposit payment method
to all local bank account when you request for a claim or withdrawal from your
MPF account. Please note that a bank account under the name of a third party or
joint bank account will not be accepted.
The enhancement enables direct credit payment transfer in a faster and “MPF go
paperless” way. Please refer to the latest claim or withdrawal forms from our
website at www.sunlife.com.hk for details.
Market Navigator – Q3 2023 By Sun Life Asset Management (HK) Limited
The US Federal Open Market Committee (FOMC) has paused the pace of increasing
the interest rates in June, however, as the banking crisis has not further
fermented and inflation remains at high level, the US monetary policy may remain
tight and increase the risk of an economic recession. Thus, investors may
consider holding a certain percentage of bonds in their portfolios. The
Bloomberg Barclays Global Aggregate Investment Grade Bonds Index recorded
positive returns in the last four recession periods, with an average return of
more than 4.5%*. The data shows that investment-grade bonds could bring
opportunities to investors during the economic downturn. As for equities, we
expect concerns about recession to be rising, short-term performance of risky
assets may be limited, however, with the US economy only experiencing a mild
recession, the stock markets will find support after adjustment, so the strategy
of accumulating stocks at low prices remains appropriate.
To learn the market outlook for the second quarter of 2023 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q3 2023 for more details.
*Source: Bloomberg
Get to know about the Key Scheme Information Document and MPF Scheme Brochure
The Key Scheme Information Document uses plain language, charts and tables to
present and disclose key information (e.g. fund choice, fees, contribution,
transfer, withdrawal) of an MPF scheme in a standardized format. Access to other
documents containing detailed information of an MPF scheme (e.g. the MPF Scheme
Brochure) is provided by web link or QR code.
Information in an MPF Scheme Brochure includes:
* Names of operators (i.e. trustee, custodian, investment manager, auditors or
other service providers)
* Contributions, withdrawals and switching procedures
* Investment policies and objectives of each constituent funds
* Valuation of funds
* Guarantee features (if any)
* Fees and charges
* Risk factors affecting fund performance
Source: MPFA
Q1 2023 NEWSLETTER
Sun Life Hong Kong has captured 35 MPF Awards including Intermediary of the Year
As the third largest MPF service provider1 in Hong Kong, Sun Life Hong Kong has
achieved a total of 35 MPF Awards in 2023 including the Intermediary of the
Year2 at BENCHMARK MPF of the Year Awards 2022.
BENCHMARK MPF of the Year Awards 20222
Intermediary Award - Intermediary of the Year2
This is the 4th consecutive year Sun Life Hong Kong received the Benchmark
“Intermediary of the Year” award. This award recognizes MPF intermediaries that
excel product knowledge, technology application, relationship building and
marketing techniques better than others in the industry.
Please visit our Award webpage to find out more details about the MPF awards
received by Sun Life.
1. Based on assets under management. Source: Mercer MPF Market Shares Report (as
at December 31, 2022). MPF refers to Mandatory Provident Fund.
2 Source: BENCHMARK MPF Awards 2022.
Market Navigator – Q2 2023 By Sun Life Asset Management (HK) Limited
The latest dot plot from the US Fed reflected that rate hike cycle is coming to
an end , clouds over bond markets faded as we expected. According to Bloomberg
data, Bloomberg Global Aggregate Bond Index increased 3%*in the first quarter of
year. What we didn't expect was the collapse of banks in US and Europe.
Investors tended to risk off and funds poured into safe-haven assets such as
Treasuries. We believed as financial markets stabilize, investment-grade
corporate bonds would attract investors again. As for equities, we expect
outlook to stay unclear as markets continue to be influenced by economic data.
And stock market performances are relatively weaker in summer. However, volatile
markets offer opportunities to accumulate at low prices.
To learn the market outlook for the second quarter of 2023 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q2 2023 for more details.
* Source: Bloomberg
Launch of Tax-deductible Voluntary Contribution Account Online Application
Portal
Sun Life Hong Kong has launched a Tax-deductible Voluntary Contribution (“TVC”)
online portal to assist MPF members in opening a TVC account at anytime,
anywhere through internet with 4 simple steps. For more details, please visit
our TVC webpage at
https://www.sunlife.com.hk/en/investments/mpf-and-orso-scheme/tax-deductible-voluntary-contributions/.
TVC is a form of MPF contributions which can help you save money while enjoying
tax deduction. The contributions you make to this TVC account (up to an annual
limit of HKD60,000) will be counted as a deductible item when you report your
taxable income. Depending on your TVC amount, based on the prevailing highest
tax rate (i.e. 17%), the maximum tax savings can reach HK$10,200*.
Scheme members can enjoy the flexibility to make TVC to their TVC accounts at
any time and in varying amounts. They can also increase or reduce the amount of
contributions, or cease to make contributions, or resume the making of
contributions at any time, having regard to their personal circumstances.
TVC is designed to fortify your retirement reserves, so it is subject to the
preservation requirement applicable to mandatory contributions and can only be
withdrawn upon scheme member's reaching age 65 or on other statutory grounds
under the MPF legislation.
*This is the maximum tax concession amount in the year of assessment 2021/2022.
Disclaimer
Investment involves risks and past performance is not indicative of future
performance. Investment return may rise as well as fall due to market condition
and currency movement which may affect the value of investments. The value of
units may vary due to changes in exchange rates between currencies. Emerging
markets may involve a higher degree of risk than in developed markets and are
usually more sensitive to price movements.
Learn about ESG
In recent years, more and more responsible companies have included ESG elements
in their corporate policies while investors have expected higher potential
returns from companies with outstanding ESG scores. But what is ESG? Investors
may be curious as to whether this value-oriented strategy will affect investment
returns.
In ESG, “E” stands for the environment, and covers issues such as the effects of
climate change, natural resources shortage, environmental pollution, energy
efficiency, etc. “S” represents the social aspect, encompassing labour, public
health, information safety and related issues. “G” refers to corporate
governance which includes factors such as the quality of the board.
Generally speaking, ESG is a tool to analyze sustainability of a company. Unlike
traditional financial data, that of ESG reflects factors that are not disclosed
in financial reports but are still important when measuring the value of a
company. ESG factors can be regarded as intangible assets of responsible
company.
To learn more about ESG investment and development trend provided by Sun Life
Asset Management (HK) Limited, you can access Macro Observation for more
details.
Good MPF Employer Award accepts Applications
The 2022-23 Good MPF Employer Award (the Award), organized by the Mandatory
Provident Fund Schemes Authority (MPFA), is now open for applications and
nominations.
The Award aims to promote and foster employer compliance with MPF legislation;
encourage employers to provide better retirement benefits for their employees;
and recognise employers who are exemplary in enhancing the retirement benefits
of their employees. Nearly 2,800 companies and organizations have been honoured
as “Good MPF Employers” since its debut in 2015.
Eligible employers should act now and apply for the Award. Employees are also
welcome to nominate their employers for the Award. For more details, please
visit the Good MPF Employer Award website. The deadline is 30 June 2023.
2022
Q4 2022 NEWSLETTER
Sun Life MPF x YOBE educational video series
To assist Hong Kong working force learning more MPF knowledge, Sun Life MPF has
cross-overed with a local illustrator, Yobe, to produce a series of MPF
educational video - 積金日常學堂. Please visit Sun Life Hong Kong’s Facebook or
YouTube channel, then watch, like and share the videos!
* Episode 1《受得起先好揀》
* Episode 2《冷靜就是王道》
* Episode 3《做足功課求增值》
* Episode 4《積金帳戶要打理》
* Episode 5《您的積金幕後功臣》
Market Navigator – Q1 2023 By Sun Life Asset Management (HK) Limited
Most asset prices registered decrease in a volatile year of 2022 as pandemic,
geopolitical risks and central bank sharp tightening cast shadow over markets.
Yearly decline in both stocks and bonds have not been seen for decades.
According to Bloomberg data*, there is sharp increase in US interest rates from
0.25% to 4.5% rocked bond market in 2022. Although the markets expect US
interest to reach 5%-5.5% in first half of year, such increase was largely
reflected and should pose less shock to bond markets. As the rate hike cycle
enters mid- to late-phase, and there may even be speculations of rate cut with
recession, clouds over bond markets could hopefully fade. Higher yield income
also increases attractiveness of bonds in the future.
To learn the market outlook for the first quarter of 2023 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q1 2023 for more details.
* Source: Bloomberg
Go Paperless MPF Program
From 1 December 2022 to 31 March 2023, if you download and register to use
BestServe MPF mobile app, provide your updated email address and/or mobile
number via the mobile app and opt for receiving regulatory notifications
(including the Member Benefit Statement), Sun Life Hong Kong Limited will donate
HK$10 on your behalf to The Green Earth, a charitable environmental protection
organization to support various types of environment protection and carbon
reduction activities and projects.
For more details and terms and conditions, please download the promotion leaflet
at https://sunlife.co/8730.
Vote for People’s Choice!
Is your MPF Scheme the People’s Choice? MPF Ratings proudly announces the 5th
“People’s Choice” award. “People’s Choice” award is awarded to the most popular
MPF Scheme as voted by the Hong Kong public.
Vote our MPF scheme as the “People’s Choice” simply by clicking here from 1
February to 8 February 2023. The voting result will be announced at “The 2023
MPF Awards” to be held on the 2 March 2023.
The People’s Choice award was introduced, for the first time, by MPF Ratings in
2019 and aims to engage the members of the public to raise greater awareness of
the importance of MPF. The award measures a number of customer satisfaction
criteria and is given to the MPF Scheme Provider that measures highest across
those criteria while considering the number of respondents to the survey.
How to read an Annual Benefit Statement?
The Annual Benefit Statement (ABS) is like a “health check score card” on your
MPF investments performance. It provides you the information of the
contributions and investments of your MPF account during the past financial
period.
If you enroll in an MPF scheme, your trustee will issue at least one ABS to you
every year, and it must be issued within three months after the end of the
financial period of a scheme.
In general, the ABS should provide you the following information:
1. Your personal information, your trustee name and the scheme name, and your
member number, etc.
2. Summary of account movements during the financial period and fund
allocation
3. Investment gain/loss since your MPF account was set up
4. Account balance during the financial period
5. Total contribution made and the amount of fees deducted during the
financial period
6. Transfer details, including the date of transfer and nature of transfer,
etc.
7. Total fees charged for contributions and transactions during the financial
period
8. The periods with contributions and/or surcharges outstanding (if any)
during the financial period
9. Details of each contribution during the financial period
10. The Transaction fees charged by the trustees upon acquisition or redemption
of units during the financial period
11. The details of unit transaction in each fund held by the account during the
financial period
You should read your ABS carefully to understand whether your MPF account is in
good shape! In addition, you should also check the fund fact sheet of your MPF
scheme regularly to obtain the latest investment performance of the fund(s) you
are investing in.
Q3 2022 NEWSLETTER
Sun Life MPF has been awarded in the Sing Tao Service Awards 2021
Sun Life MPF has been awarded in the Sing Tao Service Awards 20211 by Sing Tao
Daily in the MPF award category. The award was based on various areas such as
brand awareness, service quality, brand positioning, reputation, market
communication, understanding of customer needs and service support with public
voting and the assessment of professional judges, fully reflecting the
recognition of the community and the market.
As the third largest MPF service provider in Hong Kong, Sun Life has also been
awarded the "Sponsor of the Year Award" and "MPF Intermediary Award of the Year"
in "Benchmark"2 for its outstanding investment performance and high-quality
services recognized by the industry.
1 Source: Sing Tao Service Awards 2021 - Sing Tao Daily
2 Source: BENCHMARK MPF Awards 2021
Market Navigator – Q4 2022 By Sun Life Asset Management (HK) Limited
Global equities have been derated this year amid sharp increase in interest
rates. Growth sectors such as technology stocks were particularly under
pressure. According to Bloomberg data 3, Nasdaq Composite Index, the index
reflecting the performance of US tech stocks, dropped 32% in total return terms
in the first three quarters of this year. Although corporate earnings are likely
to revise downward while central bank constraints under high inflation and low
economic growth environment should not be neglected, valuations of many stock
markets have fallen to rather low levels. Lower valuations provide more cushions
for investors with high cash level to buy gradually for long-term. In addition,
as US rate hike cycle enters middle phase, interests offered by fixed income
assets show signs of attractiveness. We believe long-term government bonds and
investment-grade corporate bonds would benefit first by capital inflow.
To learn the market outlook for the fourth quarter of 2022 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q4 2022 for more details.
3 Source: Bloomberg
Watch & Learn for MPF
Feeling puzzled in managing your MPF? Let’s visit the page “Watch & Learn” to
learn about MPF knowledge by watching these three animated videos to understand
more about below MPF topics:
* Multi-manager Investment Approach
- Higher flexibility on asset allocation under Multi-manager
approach
* Key Reasons for Investment Loss
- Review and find out the reasons behind when you encounter MPF
* MPF Accounts Consolidation
- Save your time by consolidating multiple MPF accounts.
The Revamped Login Page for Online Pension Service Centre Has Been Launched
To further enhance the client experience and online services, Sun Life has
completed the enhancement for Online Pension Service Centre - a web portal to
assist members managing their MPF accounts more efficiently via internet,
putting you in control.
The revamped login page is presented with instruction videos for Online Pension
Service Centre and BestServe MPF mobile app to assist you to know more about our
digital MPF tools. Other than that, the enhancement also provides value-added
services like adding the linkage to download the BestServe MPF mobile app,
client e-newsletter and MPF FAQs webpage.
Access Online Pension Services Centre to manage your MPF accounts now.
"Direct Credit” has become one of the MPF contribution payment methods
With effect from 1 October 2022, “Direct Credit” has become one of the MPF
contribution payment methods for Sun Life Rainbow MPF Scheme. It allows you to
deposit MPF contributions to Trustee’s designated bank account directly by bank
transfer or cheque deposit. “Direct Credit” is applicable to Employer Account,
Self-employed Person Account and Tax Deductible Voluntary Contribution Account.
Apart from “Direct Credit”, you can also make MPF contributions by Direct Debit
Authorization or cheque payment by post.
To make MPF contributions via “Direct Credit”, please quote the Member Number
and Member Name on the supporting document such as deposit slip or online
transaction confirmation print screen and send it to slmpf.ops@bestserve.com or
fax to 3183 1889 immediately. Surcharge will be imposed if the Trustee cannot
receive i) complete information required in Section 1 of the MPF Contribution
Direct Credit Notification, ii) complete Remittance Statement, iii) supporting
document and iv) relevant payment by the contribution paid date of the
corresponding contribution period stated in Section 1 of the MPF Contribution
Direct Credit Notification.
For more details (e.g. required supporting documents) and operation procedures,
please visit the “Find a Form” page under www.sunlife.com.hk to download the MPF
Contribution Direct Credit Notification or contact the Sun Life Pension Services
Hotline at 3183 1888.
Q2 2022 NEWSLETTER
Sun Life MPF Viral Video – “Special Research Institution of Hong Kongers”
Have you noticed how ‘distinctive’ Hong Kongers are? We filmed series of video
to showcase the uniqueness of Hong Kongers. The videos feature three different
age groups of Hong Kongers. No matter which age group you belong to, Sun Life
MPF always stands by you, taking care of your every need as we are always your
active partner for a better tomorrow.
Please click below links to watch the series of viral videos now!
Video 1 - Small Potato employee
Video 2 - Working woman with strong presence
Video 3 - Hardworking dad
Market Navigator – Q3 2022 By Sun Life Asset Management (HK) Limited
It feels like a lifetime for investors in this first half of year as the
Russia-Ukraine conflict, global tightening of monetary policies and China COVID
situation pushed global stocks into bear market territory. Markets are pricing
in a recession scenario that stocks suffered selloffs. However, we do not expect
the bear markets to last long. It takes time for inflation to peak and for
markets to further price in company earnings cut. On the other hand, Hong Kong
stocks have been in the bear market territory for over four years. With
valuation at multi-year lows and Chinese policy cycle remaining at loosening
phase, the hardest time of Hong Kong stocks may have passed. For investors, time
is the key to ride through bear markets. Stay patient.
To learn the market outlook of third quarterly of 2022 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q3 2022 for more details.
Sun Life Management Shares the Key of Success for Multiple Industry Awards
More than two years into the COVID-19 pandemic, global investment markets still
grapple with heightened volatility. Different industries faced severe
challenges, only those with resilience can truly shine in these troubled times.
Riding on overall bright performance and top-notch customer service, Sun Life is
the proud winner of multiple prestigious MPF awards. What is the secret to their
success? Let’s find out by watching our management interview video now!
Key Scheme Information Document for MPF scheme members
In accordance with the latest requirements under the Code on Disclosure for MPF
Investment Funds, the Key Scheme Information Document (the “KSID”) for all MPF
schemes are available from 30 June 2022.
The KSID provides with key information about an MPF scheme, which forms part of
the offering document. While the KSID could facilitate you to obtain an overview
of the key details and features of an MPF scheme, you should not make investment
decisions based solely on the KSID. You should also be advised to scan the QR
code provided in the KSID to download and refer to relevant MPF Scheme Brochure
for details .
Please visit Find a Form page to download the relevant KSID.
The approval of the abolition of the arrangement of using MPF to offset long
service payments and severance payments
The Legislative Council (LegCo)’s passage of the Employment and Retirement
Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022 (the
Amendment Bill) on 9 June 2022 to abolish the arrangement for employers using
the accrued benefits of MPF mandatory contribution made for employees to offset
severance payments (SP) / long service payments (LSP) under the Employment
Ordinance (“offsetting arrangement”), in order to further enhance the MPF’s
retirement protection function. Apart from MPF schemes, the abolition of the
offsetting arrangement will also be applicable to occupational retirement
schemes under the Occupational Retirement Schemes Ordinance.
Please click here to learn more about this from MPFA press release.
Q1 2022 NEWSLETTER
Sun Life has captured 42 MPF Awards including Sponsor of the Year and
Intermediary of the Year
As the third largest MPF service provider in Hong Kong¹, Sun Life has achieved a
total of 42 MPF Awards recently including the Sponsor of the Year2 and
Intermediary of the Year2 at BENCHMARK MPF of the Year Awards 2021.
BENCHMARK MPF of the Year Awards 20212
Grand Award – Sponsor of the Year2
The Benchmark "Sponsor of the Year" award recognizes MPF Sponsors who have
demonstrated excellence in their product designs, fund manager selection, cost
structuring, and engagement.
Intermediary Award – Intermediary of the Year2
The Benchmark "Intermediary of the Year" award recognizes MPF intermediaries
that excel product knowledge, technology application, relationship building and
marketing techniques better than others in the industry.
Please visit our Award webpage to find out more details about the MPF awards
received by Sun Life.
1 Based on assets under management. Source: Mercer MPF Market Shares Report (as
of December 31, 2021). MPF refers to Mandatory Provident Fund.
2 Source: BENCHMARK MPF Awards 2021.
Market Navigator – Q2 2022 By Sun Life Asset Management (HK) Limited
The Russia-Ukraine conflict has brought jitters to asset prices across a broad
spectrum, from equity to fixed income, and from currency to commodity markets.
While some markets have since stabilized to a certain extent, this geopolitical
event, which is still ongoing as of writing, could have much farther and wider
ramifications. The de-globalization movement, which began taking sharp in 2018
when US and China were at loggerhead on trade-related matters, is poised to
exacerbate with European and other Western nations determined to reduce reliance
on Russia for their energy and other natural resources needs. De-globalization
in turn would lead to higher prices and costs while at the same time moderating
global economic growth. Investors may need to adjust their portfolios as well as
expectations on future investment gains in the coming new world order.
To learn the market outlook of first quarterly of 2022 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q2 2022 for more details.
.
Newly Launched “MPF FAQs” page and enhancement of Website Widget “Sunny”
To improve overall client’s experience, the MPF Frequently Asked Questions (“MPF
FAQs”) webpage has been launched together with the enhancement of website widget
“Sunny.
Please visit the MPF FAQs webpage to find out the answers in a hassle-free way
when facing problem in managing your MPF account(s).
The enhanced “Sunny” is now also able to guide clients to acquire MPF
information on Sun Life website.
Digitalizing your MPF journey
With our digital tools like Online Pension Service Centre and MPF Mobile App,
both employer and employee clients are able to enjoy a convenient digital
experience throughout their MPF journey.
To learn more about out digital tools, please visit our dedicated webpage
“Digitalizing your MPF journey ” for more information.
Good MPF Employer Award accepts applications
The 2021-22 Good MPF Employer Award (the “Award”), organized by the Mandatory
Provident Fund Schemes Authority, is now open for applications and nominations.
The Award aims to promote and foster employer compliance with MPF legislation;
encourage employers to provide better retirement benefits for their employees;
and recognise employers who are exemplary in enhancing the retirement benefits
of their employees. Nearly 2,500 companies and organizations have been honoured
as “Good MPF Employers” since its debut in 2015.
Eligible employers should act now and apply for the Award. Employees are also
welcome to nominate their employers for the Award. For more details, please
visit the Good MPF Employer Award website. The deadline is 30 June 2022.
2021
Q3 2021 NEWSLETTER
You Are Participating In An Award-winning MPF Scheme
Sun Life, as the 3rd largest MPF service provider in Hong Kong has captured 38
MPF Awards including MPF Scheme of the Year 2021 and MPF Brand of the Year
Award.
MPF Ratings’ – MPF Scheme of the Year 2021
MPF Scheme of the Year finalists and the winner are assessed as the most well
diversified MPF schemes across all key criteria assessed by MPF Ratings;
investment performance, fees and charges, as well as an assessment of overall
services within the schemes.
2020 BENCHMARK MPF of the Year Awards
Grand Award – MPF Brand of the Year
The MPF Brand of the Year Award recognizes an MPF Provider whose brand strategy
best demonstrates the ability to connect with the public and increase their
perceived brand trustworthiness and admiration.
You can access our MPF Award Flyer to find more details about the MPF awards
received by Sun Life, including the criteria and judging methodologies.
Market Navigator – Q4 2021 By Sun Life Asset Management (HK) Limited
Catching the Tailwind of “Economic Reflation 2.0”
Global markets had been caught in a quagmire in the third quarter due to a spate
of economic challenges and policy uncertainty. Soaring commodity prices, supply
and logistic bottlenecks have pushed up inflation and prompted central banks to
rein in ultra-loose monetary policy. Rebound in daily confirmed COVID-19 cases
forced some countries to reinstate social distance requirements leading to acute
shortfall in labours, which in turn further worsen the global supply chain. As
the world enters the winter months, we should not forget that spring will soon
follow. More and more countries are adopting a coexist (with the virus) mindset
and pushing for higher vaccination rates to enable reopening to overseas
visitors. Latest development in an oral medication could turn a new page to
treating the infected. Rapidly depleting inventories mean ever stronger need for
restocking down the road. Instead of focusing on short-term snags, investors
should set eyes for the coming upturn in what we labelled “Economic Reflation
2.0”.
To learn the market outlook of 4th quarterly of 2021 provided by Sun Life Asset
Management (HK) Limited, you can access the full version of the Market Navigator
– Q4 2021 for more details.
Inclusion Of A Shares To Keep Abreast Of Time
MPF system has been launched for 21 years. During this period, financial markets
have undergone tremendous changes. The China market, for example, has gradually
opened up and internationalized to become a market that cannot be ignored. Last
year, MPFA announced to include Shanghai Stock Exchange and Shenzhen Stock
Exchange as approved stock exchanges. This was a move to keep abreast of time.
In order to protect assets of MPF scheme members, all funds within MPF scheme
are subject to investment restrictions designed to avoid excessive and
unnecessary risks to the investment portfolio. For currency exposure at least
30% of investment portfolio must be denominated in Hong Kong dollars or have
been hedged in Hong Kong dollars. In terms of stocks, not all stock exchanges
are approved. Regulations stipulate that the proportion of MPF fund assets
investing in non-approved stock exchanges cannot exceed a 10% upper limit of a
fund’s net asset value. In the past, China’s A-share market was highly
restrictive. Foreign investors could only gain access to the market through a
number of programs with quotas (such as Qualified Foreign Institutional
Investors, or QFII), which have great limitations. Therefore China’s exchange
bourses were not included in the list of approved stock exchanges. However,
since the introduction of “Shanghai-Hong Kong Stock Connect” and “Shenzhen-Hong
Kong Stock Connect” and subsequent relaxation of daily quotas, costs of
accessing the Chinese onshore market have significantly lowered. Therefore, the
condition to relax restriction on MPF investment in A-shares is met.
By relaxing the restriction of A-share investment, investment managers would
have greater flexibility in striving for better returns as well as diversify
risks into different sectors. As of end of October 2020, Shanghai and Shenzhen
stock exchanges encompass about 4,100 listed companies worth nearly $9.4
trillion in market-capitalization. Average daily trading volume is very large,
providing foreign investors with opportunities that are not often presented in
China’s offshore market. As there are still a log of inefficiencies in stock
markets in China, investors can strive for higher excess returns through price
discovery process. In addition, China’s A-share companies offer foreign
investors opportunities not commonly found in the offshore Chinese equity market
as it is home to “new economy” companies. These companies are usually more
innovative than state-owned enterprises which are typically listed offshore. The
addition, A-shares can diversify the risk of excessive concentration in the “old
economy” industries in offshore market.
In fact, as MSCI added China A-shares into its emerging market indices for the
first time in 2018, the importance of China market in global stock indexes has
increased. China’s A-shares accounted for 12% of the MSCI China Index, which
means that if the Shanghai Stock Exchange and Shenzhen Stock Exchange remain as
non-approved stock exchanges, the performance of the MPF China fund category
would deviate quite largely with a widely recognized benchmark index.
We expect that the MPF China equity fund category and MPF Greater China equity
fund category would gradually see higher investment in China A shares. This may
be a challenge for some MPF fund managers. After all, the market style and
sectors of A-share markets are quite unique, not to mention that the market is
also highly volatile. Fund managers will need to beef up resources to conduct
analysis and research. Investors should pay close attention to changes in the
performances of these two categories.
A Tool You Needed For Retirement Planning
When you plan for retirement, you need to consider various factors, such as
pre/post-retirement income levels, investment/saving amounts, retirement
expenses, returns and inflation rates, etc., then identify the gap between your
retirement goals and retirement savings.
Our Retirement Savings Calculator assists you to identify the disparity between
the retirement goals and the retirement savings based on the financial
circumstances provided by you. In addition, you can obtain the amount of regular
investment/saving for eliminating the gap. You can also modify your retirement
plan by adjusting the regular investment/saving amount, the retirement age or
the expected retirement expenses. The printing feature allows you print a copy
of the calculation results for reference and review in the future.
Try our Retirement Savings Calculator now!
How To Read A Fund Fact Sheet?
According to the Code on Disclosure for MPF Investment Funds (the “Code on
Disclosure”) issued by the Authority, approved trustees are required to provide
a fund fact sheet with the various information about the constituent funds
within the scheme at least twice per calendar year. Do you know what information
has been included in a fund fact sheet?
As set out in the Code on Disclosure, a fund fact sheet is required to meet the
following minimum content requirements:
(a) Fund size – the net asset value (“NAV”) of each of the constituent funds
under the scheme as the reporting date of the fund fact sheet
(b) Launch date – the launch date of each constituent fund
(c) Investment objectives – a brief description of the investment objectives
of each constituent fund
(d) Portfolio allocation – for each constituent fund, the allocation of
assets as at the reporting date of the fund fact sheet
Top 10 holdings – the largest ten asset holdings of each constituent fund as a
percentage of fund NAV as at the reporting date of the fund fact sheet or as at
the last fund valuation date (a) prior to the reporting date of the fund fact
sheet (Note: For a portfolio management fund, the largest holdings should be
listed in accordance with the attributed exposures of the constituent fund to
the underlying assets of the underlying funds
(b) Fund performance – for each constituent fund, the periodic rate of return
for the fund over the periods of 1, 5, 10 years and since launch
(c) Performance measurement against any benckmark used – for each constituent
fund a comparison of the fund performance against the benchmark, if any,
identified in the MPF Scheme Brochure of a scheme
(d) Latest FER – the latest available Fund Expenses Ratio (“FER”) for each
class of units of each constituent fund as at the reporting date of the fund
fact sheet (Note: It is not necessary to show a FER for a constituent fund where
the period between the reporting date of the fund fact sheet and the inception
date for the fund is less than 2 years)
(e) Appropriate fund risk indicator – a general indication about the level of
risk of each constituent fund in manner that assists members in accessing the
level of risks consistently across funds in the scheme
(f) Fund descriptor – for each constituent fund, a description of the fund
type in a manner that will facilitate comparison with other similar funds
(g) Risk class – the risk class o each constituent fund as at the reporting
date and a brief description of the classification methodology
(h) Commentary – a discussion of fund performance, market review and market
outlook in relation to each constituent fund
For Sun Life Rainbow MPF Scheme, on top of the above minimum contents, our fund
fact sheet also provides the following fund information:
(i) Market review – a review of different investment markets for the
reporting period of the fund fact sheet
(j) Market forecast – the Sun Life Asset Management (HK) Limited forecasts
a 1 year outlook with respect to the relevant investment market(s) (Note: The
market forecast is not the forecast of the fund performance of each constituent
fund and neither the indicative of future performance
(k) Dollar Cost Averaging Return – the Dollar Cost Averaging Return is a
return calculated by the practice of investing a consistent dollar amount in the
same investment over a period of time
You can click here to obtain the latest available fund fact sheet.
Q4 2021 NEWSLETTER
Sun Life has been awarded multiple accolades
In the forth quarter of 2021, Sun Life Hong Kong (“Sun Life”) was recognised by
multiple industry awards including Bloomberg Businessweek (Chinese Edition) Top
Fund Awards 2021 Hong Kong and Benchmark MPF of the Year Awards 2021 given the
bright fund performance and excellent services provided to clients
Bloomberg Businessweek (Chinese Edition) Top Fund Awards 2021
Best Performer
* Mixed Allocation - Growth Fund (MPF - 1 Year)
* Equity - Hong Kong Fund (MPF - 1 Year)
* Mixed Allocation - Growth Fund (MPF - 5 Years)
* Equity - Hong Kong Fund (MPF - 5 Years)
* Fixed Income - Global Fund (MPF - 5 Years)
* Guaranteed Fund (MPF - 5 Years)
* Mixed Allocation - Growth Fund (MPF - 10 Years)
* Equity - Hong Kong Fund (MPF - 10 Years)
* Fixed Income - Global Fund (MPF - 10 Years)
Outstanding Performer
* Mixed Allocation - Balanced Fund (MPF - 1 Year)
* Equity - Asia Pacific Fund (MPF - 1 Year)
* Equity - Hong Kong Fund (MPF - 1 Year)
* Fixed Income - Global Fund (MPF - 1 Year)
* Mixed Allocation - Balanced Fund (MPF - 5 Years)
* Mixed Allocation - Moderate Allocation Fund (MPF - 5 Years)
* Equity - Hong Kong Fund (MPF - 5 Years)
* Mixed Allocation - Balanced Fund (MPF - 10 Years)
* Mixed Allocation - Moderate Allocation Fund (MPF - 10 Years)
* Equity - Hong Kong Fund (MPF - 10 Years)
Benchmark MPF of the Year Awards 2021
Trustee Awards
* Member Servicing - Outstanding Achiever
Sponsor Awards
* Intermediary Award - Intermediary of the Year
* Intermediary Support Award - Best-in-Class
* Investor Education Award - Best-in-Class
Top MPF Fund Awards
* Hong Kong Equity - Best-in-Class
* Lifestyle - (>20-40% Equity) - Best-in-Class
* Lifestyle - (>40-60% Equity) - Best-in-Class
* Lifestyle - (>60-80% Equity) - Best-in-Class
More, Sun Life Hong Kong’s wholly owned pension administration centre -BestServe
Financial Limited, has once again been recognized in the Hong Kong Call Centre
Association Awards, and won the Mystery Caller Assessment – Gold Award (Finance
and Insurance) for the twelve consecutive years. We have been making earnest
efforts to enhance our MPF services by improving member communication and
service efficiency aiming at delivering “Peace-of-mind“ service solutions to our
members. This award is a great recognition and encouragement to us.
Please visit our Award webpage to find more details about the MPF awards
received by Sun Life.
Market Navigator – Q1 2022 By Sun Life Asset Management (HK) Limited
During Monetary Normalization Investors Should be More Discerning
The US Federal Reserve and various central banks around the world are ending an
extended period of ultra-loose monetary policy. During the forthcoming
normalization, reversal of bond purchases and higher interest rates would lead
to costlier and tighter liquidity. Companies that had been borrowing heavily to
finance unprofitable businesses might be dealt a rude awakening as investors
turn more impatient. On the other hand, established companies with robust
business models, solid balance sheets and strong cash flow generating ability
could be in favor. In the short term, we could see a jump in volatility as
investors adjust to the new market backdrop. With the world economy growing
steadily, overall markets should be supportive though investors need to be more
discerning in where to place their wager.
To learn the market outlook of first quarterly of 2022 provided by Sun Life
Asset Management (HK) Limited, you can access the full version of the Market
Navigator – Q1 2022 for more details.
Before building your plan on retirement investments, identify the level of risk
you're willing to take
How much investment risk are you willing to take?
We understand you may have different retirement goals. In addition, you may need
to change your MPF investment strategy at different stages of life. To assist
you making the most suitable MPF investment decision, we developed the online
tool of “Investment Risk Assessment”.
By taking a few minutes to answer simple questions, members can understand their
investment risk appetite through “Investment Risk Assessment” and look for
suitable investment approaches.
Try our Investment Risk Assessment now!
Vote for the People’s Choice!
Is your MPF Scheme the People’s Choice? MPF Ratings proudly announces the 4th
“People’s Choice” award. “People’s Choice” award is awarded to the most popular
MPF Scheme as voted by the Hong Kong public.
Vote our MPF scheme as the “People’s Choice” simply by clicking here from 7 to
14 February 2022. The voting result will be announced at “The 2022 MPF Awards”
to be held on the 3 March 2022.
The People’s Choice award was introduced, for the first time, by MPF Ratings in
2019 and aims to engage the members of the public to raise greater awareness of
the importance of MPF. The award measures a number of customer satisfaction
criteria and is given to the MPF Scheme Provider that measures highest across
those criteria while considering the number of respondents to the survey.
Survey on the eMPF Platform by Pension Schemes Association
Pension Schemes Association (“PSA”) , which was established by six founding
partners including Sun Life, previously announced the findings of a survey on
the eMPF Platform project. The survey was designed to understand the views and
needs of employers with respect to the upcoming eMPF Platform, online services,
and digital adoption.
The eMPF study was conducted by CIMIGO between July and August 2021. It
interviewed a total of 511 respondents, 350 from SMEs and 161 from large
enterprises to gather initial feedback on awareness, perceptions, and
expectations of the upcoming eMPF Platform from Business owners, Executives, and
Managers involved in the selection of or daily contact with MPF service
providers, and to understand their MPF management habits and reasons for
adopting or not adopting digital tools.
Highlights of the key findings are as follows:
* Both large enterprises and SMEs embrace eServices – nearly 70% of employers
in both categories currently handle MPF-related administrative work online
* Most large enterprises and SMEs would encourage (80%) and support (83%)
employees to receive MPF-related communications via electronic means, with
reduction in time spent handling employee enquiries being the most cited
reason
* Awareness of the upcoming eMPF Platform at 28% (SMEs: 27%; large enterprises:
35%)
* Some of the top uncertainties for employers with respect to the upcoming eMPF
Platform are: ‘whether there would be adequate customer support when
encountering problems’ (69%), ‘whether there would be sufficient network
security measures for privacy protection’ (61%) and ‘whether unclear roles
and responsibilities between the eMPF Platform company and MPF providers
would lead to administrative inefficiencies’ (54%)
For details about the survey result, please visit PSA’s website.
OUR MPF & ORSO SCHEMES:
SUN LIFE RAINBOW MPF SCHEME
* Offers you 18
constituent funds
Sun Life Rainbow MPF Scheme
SUN LIFE RAINBOW ORSO SCHEME
* Offers you 13
investment funds
Sun Life Rainbow ORSO Scheme
SUN LIFE MULTI-FUNDING PROVIDENT PLAN
* Offers you 9 investment options
Sun Life Multi-Funding Provident Plan
SUN LIFE CAPITAL GUARANTEE PLAN
Sun Life Capital Guarantee Plan
LOOKING FOR MORE PENSIONS SERVICES?
* Talk to our MPF Consultant
QUICK LINKS
Fund prices and performance
Employee Choice Arrangement
Personal Account
Default Investment Strategy (DIS)
TOOLS & CALCULATORS
* Investment Risk Assessment
Retirement Savings Calculator
WATCH & LEARN
* Multi-manager Investment Approach
Personal Account Consolidation
MYMPFCHOICE.COM
If you want to compare the performance of different MPF constituent funds,
please visit MyMPFChoice.com – a free performance comparative platform.
CONTACT US
At Sun Life Hong Kong, we aim to provide excellent customer service at all
times.
Customer Service Hotline
(852) 2103 8928
Pensions Services Hotline
(852) 3183 1888
(For Sun Life Rainbow MPF Scheme)
(852) 2929 3029
(For Sun Life Rainbow ORSO Scheme)
Group Insurance Administration Hotline
(852) 3183 2099
THE CONSECUTIVE WINNER OF "LIFE INSURER OF THE YEAR" SCOOPS 5-STARS ACROSS ALL
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