Sun Life Rainbow MPF Scheme (2022)

Sun Life Rainbow MPF Scheme (1)

Sun Life Financial aims to serve the workforce in Hong Kong by providing comprehensive financial solutions for their retirement. To accomplish this long term goal, Sun Life Rainbow MPF Scheme (the “Scheme”) is specifically designed to meet different needs of Hong Kong employers, their employees and self-employed persons by providing one-stop services on pensions scheme management, including trustee, administration and investment management.

Experts Managing Your MPF Scheme:

Professional team managing your MPF scheme includes:

  • Trustee – Sun Life Trustee Company Limited
  • Sponsor – Sun Life Hong Kong Limited
  • Custodian –The Hongkong and Shanghai Banking Corporation Limited
  • Administrator – BestServe Financial Limited
  • Investment Manager – Sun Life Asset Management (HK) Limited1

Sun Life Asset Management (HK) Limited (“Sun Life Asset Management”) is a wholly-owned subsidiary of Sun Life Hong Kong Limited.

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In order to pursue sustainable long-term performance, Sun Life Asset Management introducedmulti-managerinvestment approach to the Scheme. Under our multi-manager platform at the underlying fund level, a constituent fund is a portfolio management fund investing in different approved pooled investment funds (“APIF”) and/or approved index-tracking collective investment schemes (“Approved ITCIS”). This approach allows Sun Life Asset Management, based on various factors, such as investment styles of underlying funds and market conditions, to actively allocate assets among performing underlying fund managers. In addition, this approach can effectively reduce concentration risk by not relying on a single underlying fund manager and enables our members to benefit from investment expertise from around the world. Currently, 9 out of 14 constituent funds have adopted this approach.

To meet different retirement needs and goals of our members, the Scheme offers 14 constituent funds. The following summary of constituent fund choices includes the investment objective and investment mix of each constituent fund available under the Scheme.

Sun Life Rainbow MPF Scheme (2)

If you don’t want the burden of having to manage your investment portfolio on a regular basis, you can consider joining Fund Cruiser. This program adopts a pre-determined asset allocation method4, which automatically rebalances your MPF portfolio every year according to your age on your birthday5. This is a feature specially designed for those members who have less investment experience orlacktime to manage their MPF portfolio.

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In order to diversify your MPF portfolio, the following constituent funds are selected under Fund Cruiser:

Sun Life Rainbow MPF Scheme (3)

Sun Life Rainbow MPF Scheme (4)

Note: Members should note that the pre-determined asset allocation under “Fund Cruiser” is a standard arrangement only and does not constitute any investment advice to individual members. The arrangement does not take into account factors other than age, which members may also need to consider, such as their investment objectives, financial needs, risk tolerance, marketandeconomic situations.

Sun Life Rainbow MPF Scheme (5)

Sun Life Rainbow MPF Scheme (6)

The above fund management fees and payment for services relating to DIS do not reflect all costs and expenses to be paid by the scheme members. For more details of the management fees, payment for services relating to DIS and other applicable fees, charges and expenses of the constituent funds, please refer to the MPF Scheme Brochure of the Scheme.

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Wholly owned by Sun Life Financial,BestServeFinancial Limited (“BestServe”) has over 20 years of pension administration experience in Hong Kong. As ofendof June 2020, BestServe provides third-party pensions administration services to about760,000 customers with assets of over HK$106.1 billion,and serves employees, self-employed persons, employers and providers of Mandatory Provident Fund Schemes and Occupational Retirement Schemes.

Online Pension Services Centre

Online Pension Services Centre is an internet tool to assist employers and members to manage their MPF account more efficiently.

Sun Life Rainbow MPF Scheme (7)

24-hour Interactive Voice Response System (IVRS) & Pension Services Hotlines

You may call our Customer Service Representative via our Pension Services Hotline on 3183 1888 during office hours, from Monday to Friday at9:00amto6:00pmand Saturday at9:00amto1:00pm(except public holidays) or use our 24-hour IVRS offering the following services:

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  • Administration procedures
  • Change of investment choices
  • Scheme account information
  • Fund information and unit price
  • Investment performance
  • Forms by fax

e-Alert Service for Member

By providing your mobile phone number or email address, you can enjoy our e-Alert Services. With this value-added service, you will receivea SMSor email notification whenever your fund switching instruction has been completed or your transfer of accrued benefits has been successfully transferred to your MPF account.

Payroll Software for Employer

We understand how busy human resources departments are handlingthe largeamount of day-to-day work. To support you in managing MPF administrative tasks, like handling multiple MPF schemes, preparing MPF contribution and employee termination documents and keeping all contribution records, we have partnered with Asia Pacific Soft Limited to offer Alpha Human Resources Management System7. From now on,MPFadministration will be nearly effortless.

Download theKey Scheme Information Document
Checkfund price and performance of the Scheme
Finda form

  1. With regard to the Sun Life MPF RMB and HKD Fund, the Investment Manager has delegated the investment management functions to Invesco Hong Kong Limited.
  2. For further details, including the investment objective and investment mix of each of the constituent funds, please refer to Section 3.4 – “Investment and Borrowing” of the MPF Scheme Brochure of the Scheme.
  3. All rights in the FTSE MPF Hong Kong Index (the “Index”) vest in FTSE International Limited (“FTSE”). “FTSE®” is atrade markof the London Stock Exchange Group companies and is used by FTSE underlicence. The Sun Life FTSE MPF Hong Kong Index Fund (the “Fund”) has been developed solely by Sun Life Trustee Company Limited (the “Trustee”). The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Fund and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by the Trustee.
  4. For more details of asset allocation of Fund Cruiser, please refer to the MPF Scheme Brochure of the Scheme.
  5. If the member’s birthday falls on a non-business day, the MPF portfolio will be rebalanced on the first business day after the birthday.
  6. “Management fees”includesfees paid to the trustee, custodian, administrator, investment manager (including trustee and administration fee as well as investment management fee of the relevant APIF/ITCIS) and sponsor of a scheme for providing their services to the relevant fund. They are usually charged as a percentage of the net asset value of a fund. The investment management fee of the relevant APIF/ITCIS is borne by the Investment Manager, the Sponsor or their affiliate; in that case, the Scheme need not bear the investment management fee paid by the Investment Manager.
  7. Alpha Human Resources Management System is an application software developed and owned by Asia Pacific Soft Limited. Asia Pacific Soft Limited is neither an agent of Sun Life Hong Kong Limited nor a member of Sun Life Financial group of companies. Use of AlphaHRMS will be subject to Asia Pacific Soft Limited’s terms and conditions. Please read the terms and conditions carefully prior to deciding whether to use the AlphaHRMS.

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.

The return of Sun Life MPF RMB and HKD Fund may be adversely affected by movements in RMB exchange rates as well as foreign exchange controls and repatriation restrictions imposed by the Chinese government as the fund invests part of its assets in RMB denominated money market and debt instruments.

Issued by Sun Life Hong Kong Limited (Incorporated in Bermuda with limited liability)

  • Sun Life Rainbow MPF Scheme (the “Scheme”) is a mandatory provident fund scheme.
  • Investment involves risks and not all investment choices available under the Scheme would be suitable for everyone. There is no assurance on investment returns and your investments/accrued benefits may suffer significant loss.
  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of funds, you are in doubt as to whether a certain fund is suitable for you (including whether it is consistent with your investment objectives), you should seek independent financial and/or professional advice and choose the fund(s) most suitable for you taking into account your circumstances.
  • Members reaching 65th birthday or early retiring on reaching age 60 may apply (in such form and on such conditions as the Trustee may from time to time determine but subject to the Mandatory Provident Fund Schemes Ordinance and the Mandatory Provident Fund Schemes (General) Regulation (the “MPFS Regulation”)) for payment of the MPF Benefits in instalments. Please refer to section 6.1.12 “Withdrawal of Benefits” of the MPF Scheme Brochure for further details.
  • You are advised to read the MPF Scheme Brochure and the relevant marketing materials of the Scheme for further details and risk factors prior to making any investment decision.
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FAQs

How do I withdraw my MPF from Sunlife? ›

How to withdraw my MPF benefits? To apply for withdrawal of your MPF benefits on ground of attaining the retirement age of 65, please submit a completed Claim Form for Payment of Accrued Benefits on Ground of Attaining the Retirement Age of 65 or Early Retirement [FORM MPF(S)-W(R)] together with HKID card copy.

What is Sun Life MPF? ›

Sun Life Financial aims to serve the workforce in Hong Kong by providing comprehensive financial solutions for their retirement.

How do I check my MPF balance? ›

You can check your account balances through any of the following channels: Logon to HSBC Internet Banking (Personal Customers) Logon to HSBC HK Mobile Banking app. Call the HSBC MPF Member Hotline on +852 3128 0128 (Please refer to the section 'HSBC MPF Member Hotline' in Member Service Guide for the user's guide)

What is fund cruiser? ›

Fund Cruiser (previously known as the “Default Option”)

The Fund Cruiser is generally applicable as the default investment arrangement for members who have a Pre-existing Account and who are aged 60 or above before 1 April 2017.

When can MPF be withdrawn? ›

Mandatory Provident Fund (MPF) Benefits

In general, you can access and withdraw your MPF benefits upon retiring at the age of 65. Early withdrawal is allowed under specific circumstances, including early retirement at the age of 60 and permanent departure from Hong Kong.

When can I claim my MPF? ›

Withdrawal of MPF. Scheme members must be at least 60 years old and have ceased all employments and self-employments. They are required to make a statutory declaration that they have no intention of becoming employed or self-employed again. Scheme members may withdraw their MPF in a lump sum or by instalments.

What is MPF personal account? ›

A personal account is set up under one's own name to manage two kinds of MPF assets: MPF accrued benefits from one's previous employment, and/ or. MPF accrued benefits from one's employee mandatory contributions in the current MPF contribution account, which can be transferred once every calendar year.

How do I withdraw my MPF when leaving Hong Kong? ›

When applying for early withdrawal of MPF on the ground of permanent departure from Hong Kong, a scheme member must submit a claim form, a statutory declaration and relevant documents satisfactory to the trustee that he or she is permitted to reside in a place outside Hong Kong.

How much is MPF in Hong Kong? ›

employer are both required to contribute five per cent of the employee's relevant income as mandatory contributions for and in respect of the employee to an MPF scheme, subject to a maximum relevant income level for contribution purposes (currently, $30,000 per month or $1,000 per day).

How do I find all my MPF accounts? ›

Locate and check the status of your MPF personal accounts

For details, visit the MPFA website www.mpfa.org.hkwww.mpfa.org.hk This link will open in a new window.

How do I find my MPF account number? ›

Step 1: Find out the scheme names and account numbers

You can obtain these two pieces of information via: Documents sent to you by MPF trustees, such as the annual benefit statements; or. Check with your MPF trustees, e.g. login your MPF accounts online, or contact your trustees directly (Contacts of MPF trustees)

How do I transfer MPF? ›

Steps for making transfer
  1. Submit a completed transfer election form* to the new trustee. ...
  2. The new trustee will contact the original trustee.
  3. The original trustee will sell the fund units in the original scheme and hand over the MPF to the new trustee.
Feb 18, 2021

Can I withdraw money from my Sun Life account? ›

To redeem/withdraw from your investment.

o The minimum amount for full or partial redemption/withdrawals P1,000.00 or $200.00 worth of shares. The maintaining balance is P5,000.00 or $500.00. o Click the check box under Redeem/Withdraw All Investments column if you want to redeem/withdraw all your investments.

Can I get my money back from Sun Life insurance? ›

With the plan's “money back feature”, you can get a portion of your money back based on the total premiums paid after 10 years. NOTE: Benefits indicated above are subject to the specific guidelines set by Sun Life and the actual provisions of the insurance policy contract.

How do I withdraw my MPF when leaving Hong Kong? ›

When applying for early withdrawal of MPF on the ground of permanent departure from Hong Kong, a scheme member must submit a claim form, a statutory declaration and relevant documents satisfactory to the trustee that he or she is permitted to reside in a place outside Hong Kong.

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