13 May 2025
Highlights
- Available through Sun Life Rainbow MPF Scheme, a Gold-rated MPF scheme
- Highly competitive fee structure
- Income payout and stability
- Good balance of investment growth and income
- A new product in the emerging but essential post-retirement segment
An Investment That Pays You To Own It
Side hustle, side gig, side of fries—okay, the last one was a joke, but you get the picture. Hustling isn’t new, but “hustle culture” truly took off after the 2020 global pandemic, fuelled by technology that makes earning additional income easier than ever. But for many, the concept of hustling feels more like grinding, and while we all want extra income, who wants the grind? Thanks to Sun Life, a leading MPF Scheme Sponsor, income generation just got a lot easier for MPF members. Launched earlier this year, the Sun Life MPF Income Fund (the Fund) provides members with an investment that literally pays you to own it.
Balance Is Key
Launched in February 2025, the Sun Life MPF Income Fund strikes a balance between stable income and capital growth, helping MPF members accumulate savings for retirement. Think of it as a low-risk way to invest for growth.
The Fund leverages the MPFA’s (MPF’s regulator) relaxation of investment limits on eligible markets and Real Estate Investment Trusts (REITs). This has allowed the Fund manager to create a diversified portfolio of income-generating assets to deliver two significant benefits: stable income and risk diversification. Maintaining this balance is key to generating sustainable income, ensuring financial security during retirement.
Flexibility
A feature of the Sun Life MPF Income Fund is that it addresses both pre-retirement and post-retirement needs for MPF members. Most MPF funds focus solely on pre-retirement, leaving members to handle the complexities of managing post-retirement finances on their own. The Sun Life MPF Income Fund takes a more flexible approach and eliminates that stress. Instead of requiring members to submit a withdrawal request each time they want to make a partial withdrawal, the Fund offers a simplified standing instruction service. Once eligible members reach retirement or early retirement age, they can set up a standing instruction to receive their accrued benefits in monthly, quarterly, or annual payments. This creates a personalised “self-generated income” stream for members to enjoy in their retirement.
A Small Price To Pay To “Live, Love, and Laugh”
With an average life expectancy of around 84 years, Hong Kongers enjoy one of the longest lifespans in the world, leaving retirees with approximately 20 years to “live, love, and laugh.” But it’s no laughing matter if you don’t have enough money to sustain yourself after retirement.
By delivering a well-diversified, income-generating fund that pays regular, tailored benefits based on members’ needs, Sun Life has established itself as a leader in the “post-retirement” fund category. And with a competitive management fee ranging from 1.19% to 0.99%, it’s an affordable way to secure financial stability.
With such a compelling offering, members might just find themselves “laughing all the way to the bank.”
This article was written by MPF Ratings, Hong Kong’s independent provider of MPF research, views, and education. If you’d like to learn more about the Sun Life MPF Income Fund or other MPF Constituent Funds, visit www.mympfchoice.com, MPF’s all-in-one performance platform offering fund information and performance comparison tools.
The information in this blog is general in nature and does not consider your personal situation. You should assess whether the information meets your needs and, where appropriate, seek professional advice from a financial adviser.
