MPF news

MPF features have been brought to HSBC HK Mobile Banking app! You can now manage your MPF account via the app. Download or update the latest version and experience the below key new features now: 

• View MPF account balances and asset distribution
• Look over MPF constituent funds cumulative performance
• Straight through fund switching instruction

You can click here to learn more about the HSBC HK Mobile Banking app. 

^# with earliest DDA date on or before 31 December 2019

The respective cut-off dates in the table above were determined by reference to the time required for the relevant request/instruction to be processed in the normal business manner.

The latest edition of "HSBC Retirement Monitor* (December 2019) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.

*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.

Automatic Exchange of Financial Account Information (‘AEOI’) in tax matters will take effect on 1 January 2020. HSBC Mandatory Provident Fund - SuperTrust Plus, which is a Hong Kong financial institution for AEOI purposes, will be required to identify its scheme participants’ tax residency and will disclose the information to the Hong Kong Inland Revenue Department only if it is legally obliged to do so. 

For further details in relation to the AEOI, please refer to the notice to scheme participants, supplement to the ‘Principal Brochure’ and the ‘Frequently Asked Questions’.

Likewise, relevant forms will be amended to reflect the changes and will be posted on the HSBC MPF website in or around mid-December 2019.

HSBC MPF has launched a new Retirement Planner which serves as a DIY tool for you to better plan for your retirement.

The major improvements of this new calculator over the old one are:

1. Better interface and simpler to use - answer 6 questions and the calculator will provide projected retirement outcomes for you;
2. Simple to understand – the results are shown as a range of projected outcomes under different scenarios rather than a single deterministic number;
3. Ability to adjust on the fly - on the result page, you can adjust the input parameters, such as retirement age, monthly saving, etc. and the results will be updated instantly - you can easily adjust your plan to achieve the desired projected outcome;
4. Cater for different risk appetite – the new calculator allows you to specify your risk appetite to drive the underlying investment assumption for the projected outcomes.

Check out the new Retirement Planner by clicking here and start planning for your desired retirement life!

Starting from 30 September 2019, the webpages of HSBC 'MPF/ORSO' will be moved from the ‘Insurance’ section of the HSBC’s website to the ‘Banking’ section of the website. If you would like to visit the HSBC 'MPF/ORSO' webpages through the homepage of HSBC website, please select ‘Explore MPF/ORSO service’ under the ‘Banking’ section.  The web address (URL) of the webpages remain unchanged, and you can continue visiting the HSBC 'MPF/ORSO' webpages via the web address www.hsbc.com.hk/mpf.

Long holidays is coming soon. There are only 6 business days (i.e. 2^nd,3^rd, 4^th, 8^th, 9^th and 10^th of October) from the first day of the month to the contribution day (i.e. 10 October 2019). Employers are reminded to submit remittance statement and make contribution payment before the contribution day that commence on 10^th October 2019. For employers who submit the remittance statement and/or cheque by mail, please be reminded to allow sufficient mail delivery time. Ensure the remittance statement and/or cheque reaches HSBC MPF on or before the contribution day.

The latest edition of "HSBC Retirement Monitor* (September 2019) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement. 

*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.

The latest edition of "HSBC Retirement Monitor* (September 2019) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement. 

*The "HSBC Retirement Monitor" was commissioned by HSBC MPF with The Association of Superannuation Funds of Australia conducting the research and analysis.

The August 2019 Edition of ‘Member Information’ is now available on HSBC MPF website. In this edition, we would like to share with you updates of HSBC MPF including:

• MPF awards
• Merger of HSBC MPF schemes and reduction in management fees 
• HSBC MPF WeChat Official Account 
• Unveiling our new MPF publications 
• Tax Deductible Voluntary Contributions (TVC)
• Keep your contact details updated with us 
• Upgraded MPF Fund Platform helps scheme members select value-for-money funds  
• Guaranteed interest rate

For details, please click here for the latest ‘Member Information’. 

The HSBC Mandatory Provident Fund – ValueChoice (the ‘HSBC ValueChoice‘) has been merged into the HSBC Mandatory Provident Fund – SuperTrust Plus (the ‘HSBC SuperTrust Plus‘) with effect from 1 July 2019. Six new constituent funds were launched to the HSBC SuperTrust Plus by replicating the corresponding constituent funds in the HSBC ValueChoice and increasing the total number of fund choices in the HSBC SuperTrust Plus from 14 to 20.

The management fees of the North American Equity Fund and the European Equity Fund under the HSBC SuperTrust Plus have been reduced from 1.35% per annum of Net Asset Value to 1.30% per annum of Net Asset Value from 1 July 2019 onwards as well.

For the details of the above, please refer to the supplement to the ‘Principal Brochure’. 

Moreover, the Guaranteed Interest Rate for the Guaranteed Fund available under HSBC SuperTrust Plus is 0.15% per annum in the scheme financial period from 1 July 2019 to 30 June 2020. Please refer to the below for full details of the guarantee features and Guarantee Conditions: 

• 'Guarantee features' section under 'Guaranteed Fund' in Part II – Fund Structure of the HSBC SuperTrust Plus ‘Principal Brochure’ issued on 1 November 2018; and
• First Supplement to the HSBC SuperTrust Plus ‘Principal Brochure’ issued on 1 April 2019.

You may like to take this opportunity to review your investment option instruction and make the most suitable investment options that fit your circumstances.

With effect from 1 July 2019, the HSBC Mandatory Provident Fund – ValueChoice ("ValueChoice") will be merged into the HSBC Mandatory Provident Fund – SuperTrust Plus ("SuperTrust Plus"). 

For ValueChoice members: To facilitate the merger exercise, dealing instruction and enquiry through the HSBC Personal Internet Banking and interactive voice response system will be suspended temporarily from 4pm 27 June 2019 till 11:59pm 1 July 2019 (excluding enquiry of "Portfolio Projection on MPF Benefits" on HSBC Personal Internet Banking).

For SuperTrust Plus members: The relevant services on HSBC Personal Internet Banking and interactive voice response system will not be affected.

For details of the HSBC MPF scheme mergers, please refer to the scheme participants’ notice and frequently asked questions. 

The latest edition of "HSBC Retirement Monitor* (June 2019) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement. 

*The "HSBC Retirement Monitor" was commissioned by HSBC with the Association of Superannuation Funds of Australia conducting the research and analysis.

Long holidays is coming soon. There are only 5 business days (i.e. 3^rd, 4^th, 5^th, 6^th and 10^th of Jun) from the first day of the month to the contribution day (i.e. 10 June 2019). Employers are reminded to submit remittance statement and make contribution payment before the contribution day that commence on 10^th June 2019. For employers who submit the remittance statement and/or cheque by mail, please be reminded to allow sufficient mail delivery time. Ensure the remittance statement and/or cheque reaches HSBC MPF on or before the contribution day.

Hang Seng Indexes Company Limited has announced to enhance the Hang Seng China Enterprises Index (the ‘Relevant Index’) starting from 17 June 2019, changes include the limit on the number of Red-chip and P-chip constituents of the Relevant Index will be removed. . 

Currently, the investment objective of the Hang Seng China Enterprises Index Tracking Fund (the ‘Relevant Constituent Fund’) and its underlying fund, i.e. Hang Seng China Enterprises Index ETF is to match as closely as practicable the performance of the Relevant Index. Notwithstanding the mentioned index enhancements, there will be no change in the investment objective and policy to the Relevant Constituent Fund. 

For details of the index enhancements, please refer to the notice to scheme participants and the supplement to the 'Principal Brochure'. 

HSBC MPF brings you a brand new self-service experience by extending our service to WeChat platform. Key highlights of our WeChat account includes:

• Virtual Assistant ‘Emma’ to provide answers for general enquiry anytime, anywhere
• Easy access to HSBC MPF information and latest updates
• Tips on MPF account management and retirement planning
• Available on both Android and iPhone platforms

Act now! Search WeChat ID “HSBCMPF” to follow our HSBC MPF WeChat Official Account! For further details, please refer to HSBC MPF WeChat Official Account dedicated page.

The Mandatory Provident Fund Schemes Authority ('MPFA') organises an annual Good MPF Employer Award to promote and foster employers' compliance with MPF legislation, encourage employers to provide better retirement benefits for their employees and recognise employers who are exemplary in enhancing the retirement benefits of their employees. Awardees will receive Award certificate from the MPFA and be entitled to use the Award logo. Awardees' names will be published on the MPFA website for public's reference.

Good MPF Employer Award is marking fifth anniversary this year, in addition to the existing “e-Contribution Award” and “MPF Support Award”, two new awards will be introduced this year. Employers who fulfil the relevant requirements will be presented with one or both of the following awards:

• Good MPF Employer 5 Years Award
  Employers who have received a Good MPF Employer Award for five consecutive years
• MPF Excellent Employer
  Of the employers eligible for the Good MPF Employer 5 Years Award, those who have offered more than one Mandatory Provident Fund (MPF) scheme and MPF voluntary contributions for all of their employees during the 2018-19 financial year
  

The Good MPF Employer Award 2018-19 is now open for application and nomination, interested employers should submit the completed application form to the MPFA no later than 30 June 2019. Employees may also nominate their employers for the Award. For details on the privileges, eligibility and application of the Award, please visit the MPFA's Good MPF Employer Award website at www.mpfa.org.hk/goodMPFemployer.

HSBC MPF always strive to deliver high level of MPF products and services at all times, therefore, we are pleased to announce that there are several initiatives have been / will be effected.

1. The tax deductible voluntary contributions (‘TVC’) has been effected on 1 April 2019. MPF voluntary contributions made in a TVC account set up by members of the HSBC Master Trusts can enjoy certain tax concessions designed to enable members to meet the long-term saving objective for retirement protection.
2. The management fees of the North American Equity Fund and the European Equity Fund under the HSBC Mandatory Provident Fund - SuperTrust Plus (‘HSBC SuperTrust Plus’) will be reduced from 1.35% pa of NAV to 1.30% pa of NAV from 1 July 2019 onwards.
3. Subject to the HSBC Mandatory Provident Fund – ValueChoice being successfully merged with the HSBC SuperTrust Plus from 1 July 2019, six new Constituent Funds will be established under the HSBC SuperTrust Plus with effect from the same date.

For the details of the above, please click TVC, Management Fee Reduction and New Constituent Funds for the notices to scheme participants.

HSBC MPF strives to provide the best customer experience therefore we have revamped the MPF publications. The new publications take effect from 1 April 2019, aim at using simple and easy-to-understand language to introduce HSBC MPF product and service offerings. What’s more, the new publications also included information of the recently launched Tax Deductible Voluntary Contribution.

The new publications listed below are now available in designated HSBC branches and on HSBC MPF website, you can click here to check them out!

Employer Service Guide – an administrative and service handbook for our employers
Member Service Guide – a servicing handbook for our members to get the most from the services provided by HSBC MPF
HSBC MPF Overview – an introduction on the MPF schemes to all participants
Service Channel Guide – a step-by-step guide to direct our members how to engage different service channels

Subject to relevant regulatory approval, the HSBC Mandatory Provident Fund – ValueChoice ("ValueChoice") will be consolidated into the HSBC Mandatory Provident Fund - SuperTrust Plus ("SuperTrust Plus") with effect from 1 July 2019 (“the Merger”).   If you would like to learn more about the scheme consolidation, a seminar will be held at 1:45pm on 18 May 2019 at the Hong Kong Convention and Exhibition Centre. To register your attendance, please enter into our event information page, then click on the ‘Register Now’ button, and select Seminar 2 (‘S2’) to confirm your attendance. Seats are limited and available on a first-come-first-served basis. We look forward in seeing you there. 

Note: each person is eligible to register for a maximum of one Seminar and one workshop. 

The tax deductible voluntary contributions (‘TVC’) takes effect on 1 April 2019. MPF voluntary contributions made in a TVC account set up by members of the HSBC Master Trusts can enjoy certain tax concessions designed to enable Members to meet the long-term saving objective for retirement protection.

For further details, please visit our designated TVC webpage. You may also click here for the supplement to the 'Principal Brochure' and the ‘Frequently Asked Questions’ in relation to the TVC.

Subject to relevant regulatory approval, the HSBC Mandatory Provident Fund – ValueChoice ("ValueChoice") will be merged into the HSBC Mandatory Provident Fund - SuperTrust Plus ("SuperTrust Plus") with effect from 1 July 2019 (“the Merger”).  Six new constituent funds will be added to the SuperTrust Plus by replicating the corresponding constituent funds in the ValueChoice and increasing the total number of fund choices to 20.  After the Merger, these six new constituent funds and five of the existing matching constituent funds in HSBC MPF SuperTrust Plus will share the same name, investment objective and policy, fee level and fees and charges structure as the existing 11 constituent funds in HSBC MPF ValueChoice.

For further details, please refer to the scheme participants’ notice and frequently asked questions

The latest edition of "HSBC Retirement Monitor* (March 2019) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement. 

*The "HSBC Retirement Monitor" was commissioned by HSBC with the Association of Superannuation Funds of Australia conducting the research and analysis.

Regular review is conducted on the risk ratings for the constituent funds under the HSBC Mandatory Provident Fund schemes and the latest risk rating review has been completed. Due to the continuous rise in volatility in the Hong Kong equity market over recent years, with effect from 1 March 2019, the risk rating for Hang Seng Index Tracking Fund of the HSBC Mandatory Provident Fund - SuperTrust Plus and ValueChoice will be raised from ‘4’ to ‘5’. 

The risk ratings for other constituent funds under the HSBC Mandatory Provident Fund schemes remain unchanged. To obtain the latest information on risk ratings, please refer to the latest ‘Monthly Fund Performance Summary’ and/or ‘Fund Fact Sheet’. Should you have any queries, please contact our HSBC MPF Member Hotline on (852) 3128 0128. 

Please note that the above risk ratings are provided for reference only and should not be regarded as investment advice.

Due to the upcoming Chinese New Year long holidays, there are only 4 business days (i.e. 1st, 4th, 8th and 11th) before the deadline for January 2019 contribution, i.e. 11th February 2019. Employers are reminded to submit remittance statement and make contribution payment earlier to avoid missing the contribution deadline.  For employers who submit remittance statement and/or cheque by mail, please ensure you allow sufficient time for the remittance statement and/or cheque to reach HSBC MPF on or before the contribution deadline.

The latest edition of "HSBC Retirement Monitor* (December 2018) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.

*The "HSBC Retirement Monitor" was commissioned by HSBC with the Association of Superannuation Funds of Australia conducting the research and analysis.

To offer you better web browsing experience, HSBC MPF brings you a new look with new functions:

1. Responsive design - Enhanced web pages render well on a variety of devices and screen sizes which work well with desktop computers, tablets and smartphones
   
2. Integrated tool bar - Newly designed, always-on important information toolbar to provide all the handy information that you need, i.e. documents, management fees, and performance etc
3. Seamless customer journey :
   • Dedicated pages for self-employed and employee
   • “MPF Academy” is a hub of educational contents
   • Associated contents via quick links for intuitive browsing

With effect from 1 November 2018, HSBC Life (International) Limited has ceased to be the Administrator of the HSBC Master Trusts and The Hongkong

and Shanghai Banking Corporation Limited, has become the Administrator of the HSBC Master Trusts.

Notwithstanding the changes described above, there are no changes or suspension to the services (e.g. HSBC MPF Employer / Member Hotline, Business

Internet Banking / Personal Internal Banking and Interactive Voice Response System) or offerings that were provided to you immediately before the

change of the Administrator. The change of the Administrator does not affect your account balances or accrued benefits under the HSBC Master Trusts

and investment option in the HSBC Master Trusts.

To reflect the change of the Administrator of the HSBC Master Trusts, the relevant ‘Principal Brochures’, MPF publications and administration forms have

been updated and they are available on our HSBC MPF website at www.hsbc.com.hk/mpf for download now.

The Pacific Place Branch, one of the designated branches for MPF services and enquiries and with MPF drop-in box, will be closed after 15 September 2018. Please visit the Hong Kong Office or other designated branches for MPF services and enquiries and with MPF drop-in box.

Address of Hong Kong Office is:

Level 3 & BL1, 1 Queen's Road Central, Central, Hong Kong

Please click here to view the full list of designated branches for MPF services and enquiries and here to view the full list of designated branches with MPF drop-in box.

The latest edition of "HSBC Retirement Monitor* (September 2018) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.

*The "HSBC Retirement Monitor" was commissioned by HSBC with the Association of Superannuation Funds of Australia conducting the research and analysis.

The August 2018 Edition of 'Member Information' is now available on HSBC MPF website. In this edition, we would like to share with you updates of HSBC MPF including:

• MPF awards
• Electronic services
• 'MPF Academy'
• Changes to HSBC MPF ValueChoice - Hang Seng H-Share Index Tracking Fund
• Guarantee interest rate
• Update of risk ratings for constituent funds
• Trustee charter sign-off ceremony
• MPFA launches one-stop Fund Performance Platform

For details, please click here for the latest 'Member Information'.

Various changes are being made to HSBC Mandatory Provident Fund - SuperTrust Plus and HSBC Mandatory Provident Fund - ValueChoice (collectively, the "HSBC Master Trusts").

1. With effect from 1 November 2018, HSBC Life (International) Limited will cease to be the Administrator of the HSBC Master Trusts and The Hongkong and Shanghai Banking Corporation Limited, will be the Administrator of the HSBC Master Trusts.
   
   Notwithstanding the changes described above, there will not be any changes or suspension to the current services (e.g. HSBC MPF Employer / Member Hotline, Business Internet Banking / Personal Internal Banking and Interactive Voice Response System) or offerings that are being provided to you and there will not be any action required from you to continue enjoying the services.
   
   
2. With immediate effect, the 'Principal Brochures' of each of the HSBC Master Trusts will be updated to (i) disclose the breakdown of the management fee of each Constituent Fund and corresponding underlying approved pooled investment fund(s) and/or ITCIS(s) and (ii) simplify the investment policies of 2 index tracking funds per their existing actual investment arrangements.
   
   The disclosure of the breakdown of the management fee aims to provide you with more information, so that, you can better manage your MPF portfolio. Please rest assured, the management fee level in respect of each Constituent Fund will remain unchanged.
   
   

For further details to the changes, you may click the items below:

The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.125% per annum in the scheme financial period from 1 July 2018 to 30 June 2019. Please refer to the 'Guarantee features' section under 'Guaranteed Fund' in Part II - Fund Structure of the 'Principal Brochure' of HSBC Mandatory Provident Fund - SuperTrust Plus for full details of the guarantee features and Guarantee Conditions.

The latest edition of "HSBC Retirement Monitor* (June 2018) " is now available on HSBC MPF website. You can click here to understand the estimated expenditure for living in Hong Kong after retirement.

*The "HSBC Retirement Monitor" was commissioned by HSBC with the Association of Superannuation Funds of Australia conducting the research and analysis.

Regular review is conducted on the risk ratings for the constituent funds under the HSBC Mandatory Provident Fund schemes and the latest risk rating review has been completed. Due to an increase in volatility in the Hong Kong and Chinese equity markets over recent years, with effect from 1 June 2018, the risk ratings for Hong Kong and Chinese Equity Fund of the HSBC Mandatory Provident Fund - SuperTrust Plus will be raised from '4' to '5'.

The risk ratings for other constituent funds under the HSBC Mandatory Provident Fund schemes remain unchanged. To obtain the latest information on risk ratings, please click here for referring to the latest 'Monthly Fund Performance Summary' and/or 'Fund Fact Sheet'. Should you have any queries, please contact our HSBC MPF Member Hotline on (852) 3128 0128.

Please note that the above risk ratings are provided for reference only and should not be regarded as investment advice.

The Mandatory Provident Fund Schemes Authority ('MPFA') organises an annual Good MPF Employer Award to recognise employers who have complied with the MPF legislation and in enhancing the retirement benefits of their employees. Awardees will receive Award certificate from the MPFA and be entitled to use the Award logo and enjoy privileged services from the MPFA. Awardees' names will be published on the MPFA website for public's reference.

Starting from last year, two new awards have been added to the programme: the e-Contribution Award, for efforts to adopt an electronic system for MPF administration, and the Support for MPF Management Award, for efforts to encourage employees to actively manage their MPF. Companies/organizations that qualify for the Good MPF Employer Award and fulfil the assessment criteria for one or both of the new awards will receive extra recognition.

The Good MPF Employer Award 2017-18 is now open for application and nomination, the deadline for application is 30 June 2018. This year, employers can submit application form online on MPFA's Good Employers Award website apart from submitting the form by email, fax or post, or in person to MPFA. Employees may also nominate their employers for the Award. For details on the privileges, eligibility and application of the Award, please visit the MPFA's Good MPF Employer Award website at www.mpfa.org.hk/goodMPFemployer.

The March 2018 Edition of 'Member Information' is now available on HSBC MPF website. In this edition, we would like to share with you updates of HSBC MPF including:

• HSBC MPF awards
  
• HSBC MPF Fee reductions
• Revamp of 'HSBC Retirement Monitor'
• HSBC MPF wealth management seminars
• MPF assets surpass $800 billion
• Achieving a desirable retirement life
• Personal account consolidation for easy management
• Update of risk ratings for constituent funds

For details, please click here for the latest 'Member Information'.

The latest version of the Personal Information Collection Statement for HSBC Mandatory Provident Fund is now available on HSBC MPF website. You can download it from the "Download Forms and Documents" in HSBC MPF website or click here to download directly.

What is the estimated expenditure for living in Hong Kong after retirement? The "HSBC Retirement Monitor"* was first launched in December 2015 to answer this question by providing an objective analysis.

Since launch, we have been collecting customer feedbacks on the "HSBC Retirement Monitor". In order to make the figures more relevant and useful for retirement planning, we have fine-tuned some of the assumptions underlying the model, and have also created a new "Modest" lifestyle in addition to the 3 existing lifestyles (basic, comfortable, affluent), starting from the March 2018 edition. You can click here for details.

*The "HSBC Retirement Monitor" was commissioned by HSBC with the Association of Superannuation Funds of Australia conducting the research and analysis. 

Regular review is conducted on the risk ratings for the constituent funds under the HSBC Mandatory Provident Fund schemes and the latest risk rating review has been completed. Due to an increase in volatility in the global bond market over recent years, with effect from 1 March 2018, the risk ratings for Global Bond Fund of the HSBC Mandatory Provident Fund - SuperTrust Plus and ValueChoice have been raised from '1' to '2'.

The risk ratings for other constituent funds under the HSBC Mandatory Provident Fund schemes remain unchanged. To obtain the latest information on risk ratings, please click here for referring to the latest 'Monthly Fund Performance Summary' and/or 'Fund Fact Sheet'. Call our HSBC MPF Member Hotline at +852 3128 0128 if you have any questions.

The above risk ratings are provided for reference only and should not be regarded as investment advice.

With effect from 1 December 2017, the management fees of 10 out of 25 Constituent Funds under HSBC MPF schemes have been reduced. Certain cosmetic changes have also been made in the 'Principal Brochures' of relevant schemes with immediate effect. Please click here for the notice to scheme participants.

For details of the management fees and other applicable fees, charges and expenses of the constituent funds, please click here for the relevant 'Principal Brochure' and supplements to the 'Principal Brochure'.

To offer a more convenient MPF service, Shatin Branch has set up MPF drop-in box to facilitate documents submission.

Address of Shatin Branch: 
Shop No. 30D, Level 3, Shatin Centre Shopping Arcade, Sha Tin, NT

Please click here to view the full list of designated branches with MPF drop-in box.

Hang Seng Indexes Company Limited has announced the plan for the change of the Hang Seng China Enterprises Index (the 'Relevant Index') with Red-chips and private enterprises to be eligible as the index constituents effective from March 2018. In view of the change to the Relevant Index, the name of the Hang Seng H-Share Index Tracking Fund and the Underlying Hang Seng H-Share Index ETF will be changed to 'Hang Seng China Enterprises Index Tracking Fund' and 'Hang Seng China Enterprises Index ETF' respectively on 5 March 2018 in order to better reflect the constituents of the Relevant Index.

For details, refer to the news posted on 30 November 2017 titled 'Notice and supplement to 'Principal Brochure' for the HSBC Mandatory Provident Fund - ValueChoice in relation to the changes to the Hang Seng H-Share Index Tracking Fund'.

You may also click here to read the Frequently Asked Questions in relation to the Hang Seng H-Share Index Tracking Fund.

Hang Seng Indexes Company Limited has announced the plan for the change of the Hang Seng China Enterprises Index (the "Relevant Index") with Red-chips and private enterprises ("P-chips") to be eligible as the index constituents with effective in March 2018. Following the enhancement, a collective total of 10 Red-chips and P-chips will be added to the Relevant Index and therefore the total number of constituents will increase from 40 to 50. By adding the Red-chips and P-chips as constituents into the Relevant Index, it is envisaged that such an index change would bring a broader coverage of Chinese enterprises listed in Hong Kong.

Currently, the Hang Seng H-Share Index Tracking Fund (the "Relevant Constituent Fund") is investing directly in the Hang Seng H-Share Index ETF (the "Underlying ETF"). As a result of the change described above, the Underlying ETF will be investing in H-Share, Red-chips and P-chips effective from 5 March 2018 in order for the Relevant Constituent Fund to continue meeting the objective to match as closely as practicable the performance of the Relevant Index. The name of the Relevant Constituent Fund and the Underlying ETF will be changed to "Hang Seng China Enterprises Index Tracking Fund" and "Hang Seng China Enterprises Index ETF" respectively in order to better reflect the constituents of the Relevant Index.

Notwithstanding the changes described, there will be no change in the investment objective and policy, no material change or increase in the overall risk profile of the Relevant Constituent Fund.

Please click here for the notice and click here for the supplement to 'Principal Brochure' on the changes.

With effect from 1 December 2017, the management fees of 10 out of 25 Constituent Funds under the HSBC MPF schemes will be reduced. To reflect the reduction of the management fees as well as other changes to the 'Principal Brochure', supplements to the 'Principal Brochure' for HSBC MPF schemes are issued and some of the HSBC MPF publications have been revised.

Please click here for supplement to the 'Principal Brochure' and the revised HSBC MPF publications for details or click here to read the Frequently Asked Questions in relation to the reduction of management fees.

With effect from 1 December 2017, the management fees of 10 out of 25 Constituent Funds under HSBC MPF schemes will be reduced.

For more details of the management fees and other applicable fees, charges and expenses of the constituent funds, please refer to the relevant 'Principal Brochure' and the forthcoming supplement to the 'Principal Brochure'.

You may also click here to read the Frequently Asked Questions in relation to the reduction of management fees.

To offer a more convenient MPF service, three additional branches have set up MPF drop-in boxes to facilitate documents submission:

1. Electric Road Branch - Shop A2, Block A, Sea View Estate, Watson Road, North Point, HK
2. Island Place Branch - Shop 131 & 132, Island Place, 500 King's Road, North Point, HK
3. Pacific Place Branch - Shop 102, Pacific Place Mall, 88 Queensway, HK

Please click here to view the full list of designated branches with MPF drop-in box.

We strive to provide updated market intelligence to our MPF customers so that you can stay informed about market and economy changes. Therefore, we publish "Investment Event" to provide our views on the impact of significant market events, particularly those related to MPF investments, on the investment market. Please click here for the latest "Investment Event".

The MPF service and enquiries and MPF drop-in box of Kowloon City Branch (address: 1/F, 18 Fuk Lo Tsun Road, Kowloon City, Kowloon) will be ceased after 19 August 2017 close of business. As an alternative, you may visit the Mong Kok Branch (address: Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon) or other designated branches for MPF services and enquiries and with MPF drop-in box.

Please click here to view the full list of designated branches for MPF services and enquiries and here to view the full list of designated branches with MPF drop-in box.

Default Investment Strategy ('DIS") took effect on 1 April 2017. It is important for scheme members to understand how their accrued benefits in their Mandatory Provident Fund ('MPF") account(s) are impacted by the DIS. A DIS re-investment notice was sent to scheme members summarising changes and their impact to scheme members with regard to the DIS.

However, we have a number of scheme members who do not have up-to-date contact details in our record and remain un-contactable. As a result, we are unable to send the DIS re-investment notice to them. If you have not made any specific investment instructions in your MPF account and have not received the DIS re-investment notice from us, we would like to get in touch with you so that the above mentioned DIS re-investment notice can reach you as soon as possible. Therefore, you are urged to update us on your contact details.

According to the DIS legislation, for scheme members who do not make any specific investment instructions for their MPF accounts, if we have not received any specific investment instructions from these scheme members, their accrued benefits that are invested according to default investment arrangement specified by the scheme and/or future investments will be invested in DIS. For un-contactable HSBC MPF scheme members that fall into this category, such change in investment to DIS is targeted to happen in October 2017.

To update your contact details, please submit to us a Personal Details Change Form (IN91) that can be downloaded from here. For enquiries, please contact HSBC MPF Member Hotline on (852) 3128 0128.

Issued by HSBC Life (International) Limited as the administrator of the HSBC Mandatory Provident Fund - SuperTrust Plus and HSBC Mandatory Provident Fund - ValueChoice.

There is a change in MPF services in the following 2 branches:

1. Sai Kung Branch - new branch providing MPF drop-in box
   Address: Shops No. 8, 9 & 10, Sai Kung Garden, Chan Man Street, Sai Kung, N.T.
2. Heng Fa Chuen Branch - MPF services and enquiries and MPF drop-in box will be ceased after 5 August 2017 close of business
   Address: Shop No. 209, East Commercial Block, Paradise Mall, Heng Fa Chuen, Chai Wan, Hong Kong
   As an alternative, you may visit the Cityplaza Branch (address: Unit 065, Cityplaza I, Taikoo Shing, Hong Kong) or other designated branches for MPF services and enquiries and with MPF drop-in box.

Please click here to view the full list of designated branches for MPF services and enquiries and here to view the full list of designated branches with MPF drop-in box.

Starting from 1 July 2017, there will be a change in MPF services in the following 2 branches:

1. Shatin Branch - new branch providing MPF services and enquiries 
   Address: Shop No. 30D, Level 3, Shatin Centre Shopping Arcade, Sha Tin, New Territories
2. Waterloo Road Branch - MPF services and enquiries will be ceased 
   Address: 71 Waterloo Road, Ho Man Tin, Kowloon 
   Please visit the Mong Kok Branch or other designated branches for MPF services and enquiries.

Please click here to view the full list of designated branches for MPF services and enquiries.

The Guaranteed Interest Rate for the Guaranteed Fund available under HSBC Mandatory Provident Fund - SuperTrust Plus is 0.125% per annum in the scheme financial period from 1 July 2017 to 30 June 2018. Please refer to the 'Guarantee features' section under 'Guaranteed Fund' in Part II - Fund Structure of the 'principal brochures' of HSBC Mandatory Provident Fund - SuperTrust Plus for full details of the guarantee features and Guarantee Conditions.

The Mandatory Provident Fund Schemes Authority ('MPFA') organises an annual Good MPF Employer Award to recognise employers who have complied with the MPF legislation and in enhancing the retirement benefits of their employees. Awardees will receive Award certificate from the MPFA and be entitled to use the Award logo and enjoy privileged services from the MPFA. Awardees' names will be published on the MPFA website for public's reference.

For the year 2016-17 Award program, two new awards, namely the e-Contribution Award and Support for MPF Management Award, have been added. Companies/organisations that qualify for the Good MPF Employer Award and fulfill the assessment criteria for the new awards will receive extra recognition, for their efforts made for adopting an electronic system for MPF administration and encouraging employees to actively manage their MPF respectively.

The Good MPF Employer Award 2016-17 is now open for application and nomination. Interested employers should submit the completed application form to the MPFA no later than 30 June 2017. Employees may also nominate their employers for the Award. For details on the privileges, eligibility and application of the Award, please visit the MPFA's Good MPF Employer Award website at www.mpfa.org.hk/goodMPFemployer.

In the award ceremony of the 2017 Thomson Reuters Lipper Fund Awards Hong Kong on 24 May, HSBC MPF has won 13 out of 48 available MPF fund awards. The award winning fund categories cover Bond Global, Equity China, Equity Hong Kong, Equity US, and Mixed Asset HKD Conservative.

The Default Investment Strategy ('DIS') has taken effect on 1 April 2017. To reflect the changes of DIS, the 'principal brochures' and some of the MPF publications and MPF forms have been revised. Please click the 'principal brochures' and the revised MPF publications and MPF forms for details.

The updated version of the Personal Information Collection Statement for HSBC Mandatory Provident Fund is now available on HSBC MPF website for download. You can download the latest version of the statement from the section "Download Forms and Documents" in HSBC MPF Website or click the link below to download directly:

- Personal Information Collection Statement for HSBC Mandatory Provident Fund