21st February 2025
Hang Seng 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
- A Gold rated MPF scheme
- Same investment options as HSBC MPF – SuperTrust Plus
- High standards of Governance
- Competitive fees
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 $74.7bn in size as at end of 2024, Hang Seng’s SuperTrust Plus accounts for 5.8% of MPF’s total assets, making it the system’s 6th largest MPF scheme.
What Mr MPF says about Hang Seng MPF – SuperTrust Plus
Hang Seng offers its banking customers ‘Prestige Banking’ under the banner of ‘Creating Value Beyond Your Wealth.’ Within the MPF space, Hang Seng’s ‘Value Beyond Your Wealth’ proposition leverages the MPF expertise of its banking counterpart, HSBC, while maintaining direct responsibility for client-focused areas such as marketing, education, and employer and member servicing.
Hang Seng’s SuperTrust Plus benefits from the same investment and governance platform as HSBC’s SuperTrust Plus—two key criteria that contribute to winning the MPF Scheme of the Year accolade.
Historical performance has been strong, fees are highly competitive, and with HSBC Trustee serving as the scheme’s trustee, the scheme benefits from MPF’s incumbent Good Governance winner. A key role of a trustee is to safeguard the interests of the scheme’s members, and Hang Seng’s MPF members can rest assured that their retirement savings are well protected.
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.
