25th February 2025
My Choice MPF Scheme
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 for 10 consecutive years
- Highly competitive fees
- 3rd party active fund management approach to investing
- Complements BOC-Prudential Easy-Choice MPF Scheme
- Clear disclosure of Key Scheme Information
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 $3.3bn in size as at end of 2024, My Choice MPF Scheme accounts for 0.3% of MPF’s total assets, making it the system’s 5th smallest MPF scheme.
What Mr MPF says about My Choice
There are several compelling reasons why My Choice could be Mr. MPF’s, as well as others’, preferred MPF scheme.
In an industry where fees and charges receive significant attention, My Choice appeals to a broad customer base—not just because of its highly competitive fees. Unlike other schemes that may rely on index funds to manage costs, My Choice selects the best available third-party active fund managers to manage its members’ money. Over the long term, active managers have the potential to outperform benchmarks, which can justify a premium in fees. However, My Choice offers competitively priced fees while still providing actively managed funds by top-tier managers. This approach has been the backbone of My Choice’s success, earning it a Gold scheme rating for over 10 years.
Notably, the trustee of My Choice is BOCI-Prudential Trustee, who also oversees another scheme: the single fund manager-run BOC-Prudential Easy-Choice MPF Scheme. Both My Choice and Easy-Choice are Gold-rated schemes, but they feature different approaches. My Choice leverages third-party fund managers, while Easy-Choice relies on an in-house investment team. This distinction gives members a clear and definitive choice between the two schemes.
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. Additionally, you should consider whether the information contained herein is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
