4th March 2022
MPF’s largest player scoops awards at 2022’s “The MPF Awards”
Key points are as follows:
- MPF’s largest scheme (See Table 1), Manulife Global Select (MPF) Scheme, is crowned the MPF Scheme of the Year at the 2022 edition of “The MPF Awards”.
- Manulife Global Select’s assets grew 10.3% in % terms (compared to 3.7% for the industry) in 2021 (Also see Table 1).
- Reflecting Manulife’s popularity, its Global Select attracted 46.5% of the MPF industry’s net inflows in 2021 (Also see Table 1) enabling it to also earn the title of “People’s Choice”, selected by Hong Kong individuals as their most popular MPF scheme sponsor.
Due to Hong Kong’s ongoing pandemic situation, the 2022, and 10th, edition of “The MPF Awards”, which promoted the MPFA’s recently announced digitization and sustainability initiatives, was televised virtually yesterday with Manulife the recipient of the evening’s biggest awards. “The MPF Awards” host, Mr Francis Chung (叢川普), Chairman of MPF Ratings Ltd praised the MPF industry on their success but reserved special praise for Manulife and its success during this ongoing period of uncertainty.
The security of MPF in the face of external factors and MPF’s digitization and sustainability journey
“The MPF system faces a convergence of external headwinds. Despite Hong Kong’s ongoing pandemic issues, global economic concerns and conflict over Ukraine, members can be assured that MPF will continue to be a highly secure and a robust wealth creation platform for Hong Kong workers as the system moves along its digitization and sustainability journey.”
Why Manulife Global Select (MPF) Scheme was awarded the title of MPF Scheme of the Year
“Manulife’s Global Select (MPF) Scheme is MPF’s dominant scheme and continues to strive for excellence in all aspects. Manulife’s commitment to social responsibility, customer experience and improved overall investment performance made it not only a popular People’s Choice winner, but also a highly deserved winner of a first ever MPF Scheme of the Year title.”
Table 1: MPF Scheme Market Share, 1-Year Asset Growth and 1-Year Net Inflows Industry Share
Source: MPF Ratings
For a list of all winners at “The 2022 MPF Awards”, please click here.