News releases

To complement the launch of this new constituent fund, Sun Life is also introducing a standing instruction service. Eligible MPF members² who attain the normal retirement age of 65 or attain the early retirement age of 60, such MPF member may elect by giving a standing instruction to receive his/her accrued benefits under the Sun Life MPF Conservative Fund by monthly, quarterly or annual payments.

Rainbow Pan, General Manager, Wealth and Pension of Sun Life Hong Kong Limited, said, "The MPF system has been established for 24 years, and more MPF members are attaining retirement age. Being one of the regions with the longest life expectancy globally, Hong Kong employees require comprehensive retirement planning to navigate a potential retirement period of over 20 years. The Sun Life MPF Income Fund offers a flexible solution that addresses MPF members' needs both before and after retirement. Unlike the current process where MPF members had to submit withdrawal request each time to make a partial withdrawal, we are offering a new standing instruction service. Once eligible MPF members² attain the normal retirement age of 65 or attain the early retirement age of 60, such MPF member may elect by giving a standing instruction to receive his/her accrued benefits under the Sun Life MPF Conservative Fund by monthly, quarterly or annual payments, effectively creating a source of 'self-generated income’, while retaining the remaining funds in their MPF accounts for ongoing investment."

Stanley Ngan, Chief Executive Officer of Sun Life Asset Management (Hong Kong) Limited, said, "The Sun Life MPF Income Fund leverages the potential of global markets through diversified asset allocation, aimed at providing investors with stable payouts and opportunities for long-term capital appreciation. In past few years, the MPFA relaxed the investment limits on the proportion of MPF funds that can be allocated to REITs and expanded the eligible market, allowing investment managers greater flexibility to offer a wider range of diversified options to MPF members. The Sun Life MPF Income Fund focuses on a mixed portfolio of dividend-paying assets, including REITs, offering dual advantages – aims at stable income and risk diversification. It also aims to provide MPF members with more flexible investment choices, and aims to ensure sustainable financial support during retirement."

Ada Kung, Chief Investment Strategist of Sun Life Asset Management (Hong Kong) Limited, said, “The investment market is constantly evolving, and a sound investment strategy is essential for achieving long-term returns. While investors are typically familiar with asset classes like stock and bond, the Sun Life MPF Income Fund also invests in REITs, enabling a more balanced and diversified asset allocation strategy which help investors capitalize on more opportunities over time. Our asset management team closely monitors global economic trends and market fluctuations. Looking ahead in 2025, although we believe global economy would remain resilient, investment risks should not be neglected amid various variables, such as Donald Trump’s return to the White House and shifts in U.S. monetary policy. Investors should consider adopting diversification strategies to avoid overconcentration in a single region or asset class. Defensive strategies such as low-volatility strategy and high-dividend strategy can also be considered.”

• Download and log in to the “Sun Life MPF” app* now: App Store | Google Play Store
• Consolidate your MPF Accounts
• Talk to an Advisor

* If you are in Canada, United States, or European Union countries and unable to download the mobile app, you can still view the details via Online Pension Services Centre

NOTE:

¹  It is intended that the Sun Life MPF Income Fund will provide a stable income by distributing dividend to members’ MPF account on a monthly basis. It is intended that the Sun Life MPF Income Fund will start distributing dividend on the seventh month (or any other month as advised by the Investment Manager – Sun Life Asset Management (Hong Kong) Limited if the Trustee or the Investment Manager considers appropriate) after the launch date of 17 February 2025.

Dividends will be automatically invested in the designated fund based on the ages of the members as at the Record Date. If members are below the age of 60 on the Record Date, dividends will be reinvested in the Sun Life MPF Income Fund, which in turn invests in the accumulation class of an Approved Pooled Investment Fund – Invesco Pooled Investment Fund – Global Income Fund (the "Invesco APIF"). If members are 60 years of age or above on the Record Date, dividends will be reinvested in the Sun Life MPF Conservative Fund, which will be subject to relevant risks such as general investment risks as well as fees and charges applicable to the Sun Life MPF Conservative Fund.

The Sun Life MPF Income Fund does not provide any guarantee on the capital or investment return or dividend amount/yield. There is no assurance on the dividend distribution frequency and the amount of dividends, and the dividend amount/yield may fluctuate. Dividends may be paid out of the realized capital gains, capital and/or gross income while charging/paying all or part of the fees, charges and expenses to/out of the capital, resulting in an increase in distributable income available for dividend distribution, and therefore, Sun Life MPF Income Fund may effectively pay dividend out of capital. Subject to prior approval of the Authority and the SFC, the Trustee may amend this dividend distribution policy by giving one (1) month’s prior notice to members of the Scheme. Payment of dividends out of capital and/or effectively out of capital amounts to a withdrawal of part of the original investment or from any capital gains attributable to that original investment. Distribution of dividends will result in an immediate decrease or adjustment in the net asset value per unit of the Sun Life MPF Income Fund on the Ex-Dividend Date. Despite the above, dividends will be allocated to members' accounts for investment as mentioned above. Please read the MPF Scheme Brochure for further details, including risk factors.

Members should note that the regular and frequent distribution of dividends and reinvestment of such dividends into the Sun Life MPF Income Fund (for members below age 60) or the Sun Life MPF Conservative Fund (for members aged 60 or above) will inevitably involve an investment time-lag (i.e. up to 10 business days from the Ex-Dividend Date) during which dividends are not reinvested. The dividends are hence subject to out-of-market risk on a recurring (monthly) basis. The return of the Sun Life MPF Income Fund (for members below age 60) or the Sun Life MPF Conservative Fund (for members aged 60 or above) may be impacted negatively or positively due to the dividend distribution arrangement, as its net asset value per unit may have increased or decreased at the time when dividends are reinvested. Therefore such return may deviate from that of a constituent fund with similar investment portfolio without such dividend distribution arrangement and may not always be advantageous to these members. Members are advised to carefully assess the suitability of the Sun Life MPF Income Fund for their individual circumstances and consult independent professional advice where necessary.

² With effect from 17 February 2025, when a self-employed person, personal account member or TVC member who has accrued benefits under or derived from the Sun Life MPF Conservative Fund (including benefits arising from the investment of dividends distributed by the Sun Life MPF Income Fund into the Sun Life MPF Conservative Fund) attains the normal retirement age of 65 or attains the early retirement age of 60 and certifies to the Trustee by statutory declaration that he/she has permanently ceased his/her employment or self-employment, such member may elect by giving a standing instruction to receive his/her accrued benefits under or derived from the Sun Life MPF Conservative Fund by monthly, quarterly or annual payments.

Sun Life announced the launch of Sun Life MFP Income Fund, aiming to help MPF members accumulate savings before retirement.

About Sun Life

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2024, Sun Life had total assets under management of $1.54 trillion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.Media Contact

Ms. Lorraine Lam / Ms. Jessica Zhang

Tel：(852) 3183 6393 / 3183 6385

Email: sunlife@fenixpr.com