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.

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 

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 .

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.

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 for more details.

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 website. The deadline is 30 June 2023.