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

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.”

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. 

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

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