20th February 2025
HSBC MPF – SuperTrust Plus
On Thursday the 27th of February, MPF’s “Scheme of the Year” will be announced at the 2025 and 13th edition of “The MPF Awards”. Leading up to MPF’s night of nights, MPF Ratings (MPFR) asked Mr MPF to review the finalists and offer his personal insights into what makes MPF’s most successful schemes a contender for MPF’s biggest prize of them all, MPF’s Scheme of the Year.
What we like
- Current Scheme of the Year winner
- MPF’s Employers’ Choice
- Ability to see MPF details in HSBC banking app
- Competitive fees in comparison to its immediate competitors
- High standards of Governance
Background
MPF Scheme of the Year finalists must be Gold rated by MPF Ratings (MPFR), MPF’s independent provider of research, views and education. Gold-rated schemes are identified as schemes that should deliver the best value for money and by doing so offer MPF members a positive and holistic MPF experience.
At $229.8bn in size as at end of 2024, HSBC’s SuperTrust Plus accounts for 17.8% of MPF’s total assets, making it the system’s 2nd largest MPF scheme.
What Mr MPF says about HSBC MPF – SuperTrust Plus
When MPF was launched in December 2000, HSBC dominated the MPF landscape. Unsurprisingly, as with any industry, competition has increased as the sector has matured. Successful businesses adapt to new conditions, continuously reinventing and reinvesting in their operations. HSBC has done just that with its MPF offering, successfully rejuvenating the business and earning the title of MPF Scheme of the Year.
The cornerstone of HSBC’s offering has been strong investment performance, highly competitive fees, and industry-leading governance controls. Notably, HSBC Trustee is the incumbent Good Governance winner in the MPF sector. A key role of a trustee is to safeguard the interests of scheme members, and HSBC’s MPF members can rest assured that their retirement savings are well protected.
HSBC’s MPF members have also benefitted from broader developments within the bank. Members who are also HSBC banking customers can now view and manage their MPF accounts through the bank’s general banking app, offering them a holistic view of their MPF and overall wealth.
The information contained in this blog was written by MPF Ratings, Hong Kong’s independent provider of MPF research, views and education and is general in nature, and does not take into account your personal situation. Additionally, you should consider whether the information contained herein is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
