3rd Largest MPF Service Provider in Hong Kong1
Sun Life has captured 30 MPF Awards including MPF Scheme of the Year 20212,3 and MPF Brand of the Year Award7
MPF Ratings’ MPF Scheme of the Year 20212,3
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.
Criteria and Methodology4:
- Only Gold Rated Schemes are considered for MPF Scheme of the Year.
- An MPF scheme delivering exceptional aggregate value across key assessment criteria could be awarded the Gold Rated Scheme. The Gold Rated Scheme with the highest rating may be announced as the MPF Ratings' MPF Scheme of the Year.
- Details of the assessment modules and their weightings are as follows· The ratings system of Gold Rated Schemes5 covers three main assessment components: Investment Choices and Performance, Fees and Charges, and an assessment of overall services within the scheme
Assessment Modules
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Weightings
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Quantitative assessment
- Investment Choices and Performance (1 year, 3 years and 5 years) – including, but not limited to, whole of scheme asset weighted absolute and risk adjusted performance6 and available fund choices
- Fees & Charges (5 years) – including, but not limited to, asset weighted stated management fees 6, fund expenses charged and earnings relative to fees charged to members
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65
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Qualitative assessment
- (Full year) – including, but not limited to, governance, administration efficiency, member and employer servicing, product design and education quality
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35
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Total Assessment
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100
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BENCHMARK MPF of the Year Awards 2020
Grand Award – MPF Brand of the Year7
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.
Judging Methodology:
- This award is not open for self-nomination
- Results are determined strictly by the findings of 4,000 qualified respondents in the 2019/2020 BENCHMARK MPF Quality Study, who are active clients, prospective clients and non-prospective clients based on their client experience with the provider, digital satisfaction, advisory capability, brand familiarity, support and service received
- A Brand Popularity Index ranking will also be drawn on all the providers to be integrated to the overall weighting
- The judges will consider the following key factors when voting for their favorite brand: end-user familiarity, support and service received, investor education, performance consistency and digital access
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- 1 Year Consistent Performer – Mixed Asset Fund (21-40% Equity)
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- 5 Year Consistent Performer – Mixed Asset Fund (61-80% Equity)
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- 10 Year Consistent Performer – Mixed Asset Fund (21-40% Equity)
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- 5 Year Consecutive Gold Rating
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- 10 Year Consistent Performer – Mixed Asset Fund (41-60% Equity)
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- 10 Year Consistent Performer – Mixed Asset Fund (61-80% Equity)
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MPF Ratings’ 2021 MPF Scheme Ratings and Awards5
| CAMPAIGN OF THE YEAR |
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INTERMEDIARY OF THE YEAR |
- Capability Awards – Campaign of the Year
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- Capability Awards – Intermediary of the Year (Internal)
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2020 BENCHMARK MPF of the Year Awards7
| BEST-IN-CLASS |
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OUTSTANDING ACHIEVER |
- Top MPF Fund Awards - Lifestyle - (>20-40% Equity)
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- Top MPF Fund Awards - Hong Kong Equity
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- Top MPF Fund Awards - Lifestyle - (>40-60% Equity)
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- Capability Awards - Investor Education
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- Top MPF Fund Awards - Lifestyle - (>60-80% Equity)
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- Capability Awards - Member Servicing
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- Top MPF Fund Awards - Hong Kong Equity
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- Top MPF Fund Awards - Hong Kong Equity (Index Tracking)
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- Top MPF Fund Awards - Default Investment Strategy - Core Accumulation Fund
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OUTSTANDING ACHIEVERBloomberg Businessweek (Chinese Edition) Top Fund Awards 2020 Hong Kong8
| Best Performer |
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Outstanding Performer |
- Mixed Allocation – Growth (MPF – 10 Years)
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- Equity - Asian Pacific (MPF - 1 Year)
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- Equity - Hong Kong (MPF – 10 years)
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- Mixed Allocation - Growth (MPF - 5 years)
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- Equity - Asian Pacific (MPF - 10 Years)
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1 Based on assets under management. Source: Mercer MPF Market Shares Report (as at December 31, 2020). MPF refers to Mandatory Provident Fund.
2 Source: MPF Ratings’ 2021 MPF Scheme Ratings and Awards. For Scheme Ratings and Awards assessment criteria, please visit: https://mpfratings.com.hk/awards-methodology/.
3 For MPF Scheme of the Year and Rising Stars, investment performance returns and fees are weighted over 12-month, 3 year and 5-year portfolio. These weightings are consistent with the MPF Ratings’ methodology. The end date for the investment performance, fees and qualitative assessments is December 31 for the relevant year.
4 Additional criteria and methodology includes: (1) scheme sponsors must be a MPFA regulated provider; (2) schemes must have a minimum scheme size of HK$400 million; (3) schemes must have minimum 3 year track record; and (4) the end date of assessment is at 31 December for the relevant year.
5 Source: MPF Ratings’ 2021 MPF Scheme Ratings and Awards. For Scheme Ratings and Awards assessment criteria please visit: https://www.mpfratings.com.hk/ratings-and-awards/.
6 In assessing the overall absolute and risk-adjusted performance (or fees) of a MPF scheme, MPF Ratings takes into account all constituent funds that the MPF scheme offered as well as the asset size of the constituent funds. For a constituent funds with bigger fund size, its impact/contribution to the scheme’s overall performance (or fees) will be bigger.
7 Source: BENCHMARK Capability Awards received are based on the qualitative methodology and tools determined by BENCHMARK. Top MPF Awards received are based on performance data provided by Refinitiv to BENCHMARK between October 1, 2019 and September 30, 2020. For details of source and assessment criteria, please refer to https://2020.benchmark.exchange/awards-asset-management/result-announcement-2020/.
8 Source: Bloomberg Businessweek (Chinese edition) Top Fund Awards 2020 Hong Kong. Awards criteria, please visit: http://www.bbwhkevent.com. The Awards apply a Bloomberg data-driven and performance-based methodology evaluating funds subject to asset class categories to identify the best performing funds. All assessments are based on market figures and historical data available on the Bloomberg Terminal.
Important Note:
This material is for corporate news update purpose only. It is not a recommendation to purchase, sell or hold any particular investment product. Investment involves risks and past performance is not indicative of future performance. Investment return may rise as well as fall.
