Smart tips for your MPF management
Planning for retirement is a long-term commitment and plans can change at different stages of your life. The key is to actively manage and adjust your MPF plan to suit your needs. Here are some smart tips to enable you to make the smart move:
Tips #1: Review your MPF portfolio from time to time
Review your MPF investment regularly, both in terms of asset allocation and funds selection to ensure that it is in line with your retirement goals.
Click here to access Manulife’s MPF scheme
Tips #2: Consolidate your MPF Personal Account(s) into your desired MPF scheme
Over the course of your working life, you may have changed jobs and thus have several personal accounts under different MPF providers, each with its own investment portfolio. You can consolidate all these personal accounts into a desired MPF scheme by filling in the "Scheme Member’s Request for Fund Transfer Form".
Click here to download application forms
Tips #3: Move your contributions to your desired MPF scheme through Employee Choice Arrangement
With the implementation of Employee Choice Arrangement ("ECA"), employees are allowed to transfer, once per calendar year, the accrued benefits derived from the employee mandatory contributions in their contribution accounts to a personal account under a scheme of their own choice.
Learn more »
To enhance your financial flexibility during retirement, you may assess your retirement needs and consider other retirement planning solutions such as regular savings, wealth management tools, as well as planning ahead for your protection needs in addition to your MPF contributions. You may also review your wealth management portfolio regularly to get yourself on track to your goals.
Standard Chartered Bank (Hong Kong) Limited is an MPF scheme distribution partner of Manulife (International) Limited (Incorporated in Bermuda with limited liability).
- Source: “Mercer MPF Report” as at December 29, 2017 by Mercer (Hong Kong) Limited, in terms of market share of total MPF assets by scheme sponsor.
- Source: “BENCHMARK”. The awards were based on BENCHMARK’s selection criteria. For the details, please visit https://www.fundawards.asia/hk/mpf-result-announcement-2017/.
Investment involves risk. Price of units of any constituent funds and the income from them may go down as well as up. Past performance is not an indicative of future performance. Before making any investment decision to invest in a scheme, members should read the Offering Document for more detailed information (including risk factors, fees and charges) on the scheme and its constituent funds. Investors should ensure they fully understand the risks associated with the scheme, and should also consider their own investment objective and risk tolerance level. If in doubt, please seek independent financial and professional advice.
Standard Chartered Bank (Hong Kong) Limited (“the Bank”) is a distributor of the MPF scheme, a product of Manulife (International) Limited (“Manulife”). In respect of an eligible dispute arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the governing rules of Manulife’s MPF scheme should be resolved directly between Manulife and the customer.
This webpage does not constitute any offer, invitations or recommendation to any person to enter into any scheme or any transaction described therein or any similar transaction. This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.
Important Information for Members of Standard Chartered MPF Plan – Basic, Standard Chartered MPF Plan – Advanced, and Standard Chartered Provident Plan (currently known as Manulife MPF Plan - Basic, Manulife MPF Plan - Advanced and Manulife Provident Plan):
Following the partnership announcement between Standard Chartered Bank (Hong Kong) Limited (the “Bank”) and Manulife (International) Limited (“Manulife”) made in September 2015, with effect from 1 November 2016, the Bank has retired as the sponsor of Standard Chartered MPF Plan – Basic, Standard Chartered MPF Plan – Advanced, and Standard Chartered Provident Plan, while Manulife is the new sponsor of these plans. Apart from the change of sponsor, the names of these plans have been changed. A notice with detailed changes has been issued to all participated employers and members of these plans. For further details, please click here or call 3183 1717.