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Hang Seng MPF > Product Information > Hang Seng MPF Schemes
Hang Seng MPF Schemes


    1. The Hang Seng Mandatory Provident Fund – SuperTrust Plus and ValueChoice are mandatory provident fund schemes.
    2. You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of funds, you are in doubt as to whether a certain fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the fund(s) most suitable for you taking into account your circumstances.
    3. You should consider your own risk tolerance level and financial circumstances before investing in the MPF Default Investment Strategy. You should note that the DIS constituent funds, namely, the Core Accumulation Fund and the Age 65 Plus Fund, may not be suitable for you, and there may be a risk mismatch between the DIS constituent funds and your risk profile (the resulting portfolio risk may be greater than your risk preference). You should seek financial and/or professional advice if you are in doubt as to whether the DIS is suitable for you, and make the investment decision most suitable for you taking into account your circumstances.
    4. You should note that the implementation of the DIS may have an impact on your MPF investments and benefits. We recommend that you consult with the Trustee if you have doubts on how you are being affected.
    5. The Guaranteed Fund under Hang Seng Mandatory Provident Fund – SuperTrust Plus invests solely in an approved pooled investment fund in the form of an insurance policy provided by HSBC Life (International) Limited. The guarantee is also given by HSBC Life (International) Limited. Your investments in the Guaranteed Fund, if any, are therefore subject to the credit risks of HSBC Life (International) Limited. Please refer to the 'Warning' section under 'Guaranteed Fund' in Part II - Fund Structure of the 'Principal Brochure' of Hang Seng Mandatory Provident Fund – SuperTrust Plus for details of the credit risk.
    6. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to the ‘Guarantee features‘ section under ‘Guaranteed Fund‘ in Part II – Fund Structure of the ‘Principal Brochure‘ of Hang Seng Mandatory Provident Fund – SuperTrust Plus for full details of the guarantee features and Guarantee Conditions, including the guarantee features in the context of payment of benefits in instalments.
    7. MPF Benefits and AVC Benefits payable on a Member's 65th birthday or early retirement on or after his/her reaching age 60 can be paid in one lump sum or in instalments, at the Member's election (in such form and on such terms as the Trustee may, to the extent not prohibited by the 'MPF Ordinance' or General Regulation, prescribe). Please refer to the 'Payment of MPF Benefits and AVC Benefits' section under 'Payment of benefits' in Part I - Product Information of the relevant 'Principal Brochure' for full details.
    8. You should not invest based on this page alone and should read the relevant 'Principal Brochure'.
    9. Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the relevant 'Principal Brochure'.
At Hang Seng, we provide two MPF schemes with a range of diversified constituent funds to meet your unique retirement needs. You can choose from a list of constituent funds available under the MPF scheme you have enrolled.
For details of management fees of constituent funds under Hang Seng MPF schemes’ Contribution Account and Personal Account, please click here.
Hang Seng Mandatory Provident Fund – SuperTrust Plus
Hang Seng Mandatory Provident Fund – SuperTrust Plus provides a variety of constituent funds ranging from conservative to aggressive investments, particularly with equity funds investing in specific market(s) and index-tracking collective investment schemes (ITCIS).

Name of constituent fund Typical asset allocation6 Fund descriptor
Equities Bonds Cash
Money market fund
MPF Conservative Fund 1 - 100% Money Market Fund – Hong Kong
Guaranteed fund
Guaranteed Fund 2,4 0-50% 20-100% 0-80% Guaranteed fund – The higher of the Guarantee Balance or the Actual Balance (the value of units held in the Guaranteed Fund) will be paid under the Guarantee Conditions 3
Bond Fund
Global Bond Fund - 70-100% 0-30% Bond Fund – Global Markets
Mixed Asset Equity
Stable Fund 15-45% 55-85% Mixed assets fund (Global) – Maximum equity around 45%
Balanced Fund 55-85% 15-45% Mixed assets fund (Global) – Maximum equity around 85%
Growth Fund 70-100% 0-30% Mixed assets fund (Global) – Maximum equity around 100%
Core Accumulation Fund 55-65% 35-45% Mixed assets fund (Global) - Maximum equity around 65%
Age 65 Plus Fund 15-25% 75-85% Mixed assets fund (Global) - Maximum equity around 25%
Equity Fund
North American Equity Fund 70-100% 0-30% Equity fund – North America
European Equity Fund 70-100% 0-30% Equity fund – United Kingdom and other continental European countries
Asia Pacific Equity Fund 70-100% 0-30% Equity fund – Asia Pacific, excluding Japan
Hang Seng Index Tracking Fund 7 100% - Equity fund – Hong Kong
Hong Kong and Chinese Equity Fund 70-100% 0-30% Equity fund – Hong Kong and China
Chinese Equity Fund 70-100% 0-30% Equity fund – China

Default Investment Strategy

The Default Investment Strategy (‘DIS’) is a ready-made investment arrangement mainly designed for those members who are not interested or do not wish to make an investment choice, and is also available as an investment choice itself, for members who find it suitable for their own circumstances. For those members who do not make an investment choice, their contributions and accrued benefits transferred from another Registered Scheme will be invested in accordance with the DIS.

The DIS aims to balance the long term effects of risk and return through investing in two constituent funds, namely the Core Accumulation Fund and the Age 65 Plus Fund, according to the pre-set allocation percentages at different ages. The DIS will manage investment risk exposure by automatically reducing the exposure to higher risk assets and correspondingly increasing the exposure to lower risk assets as the member gets older.

For further details of the DIS, please refer to the relevant ‘Principal Brochure’.



1.Fees and charges of an MPF Conservative Fund can be deducted from either (i) the assets of the fund or (ii) members’ account by way of unit deduction. The MPF Conservative Fund of Hang Seng MPF schemes uses method (i) and, therefore, its unit prices, net asset value (NAV) and fund performance quoted have reflected the impact of fees and charges.
2.The Guaranteed Fund under Hang Seng Mandatory Provident Fund – SuperTrust Plus invests solely in an approved pooled investment fund in the form of an insurance policy provided by HSBC Life (International) Limited. The guarantee is also given by HSBC Life (International) Limited. Your investments in the Guaranteed Fund, if any, are therefore subject to the credit risks of HSBC Life (International) Limited.
The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to the ‘Guarantee features’ section under ‘Guaranteed Fund’ in Part II – Fund Structure of the ‘Principal Brochure’ of Hang Seng Mandatory Provident Fund – SuperTrust Plus for full details of the guarantee features and Guarantee Conditions, including the guarantee features in the context of payment of benefits in instalments.
3.Guaranteed Condition:
> Withdrawal of mandatory and/or voluntary balances on:
– Termination of employment 5
– Reaching retirement age or normal retirement date
– Reaching early retirement date
– Total incapacity
– Terminal illness
– Death
– Permanent departure from the Hong Kong SAR
– Making a claim on small balance under section 162(1)(c) of the Mandatory Provident Fund Schemes (General) Regulation (‘General Regulation’)
> Transfer of balances to a recipient scheme on termination of employment 5
4.The account balance of a member in the Guaranteed Fund will be crystallised (the ‘Crystallised Amount’) on 31 December in the year in which the member reaches age 65. The Crystallised Amount will be the greater of the Actual Balance and the Guaranteed Balance to which he/she would be entitled had he/she withdrawn the benefits from the Guaranteed Fund on 31 December in that year on the ground of reaching retirement age or normal retirement date, as calculated in accordance with the provisions under the ‘Principal Brochure’ (the ‘31 December Amount’). However, where the 31 December Amount is less than the amount of benefits as at the member’s 65th birthday calculated in accordance with the provisions of the ‘Principal Brochure’ (the ‘65th Birthday Amount’), the 65th Birthday Amount will be deemed to be the Crystallised Amount. Where the member switches or withdraws part of his/her investment out of the Guaranteed Fund between his/her 65th birthday and 31 December in that year, the Crystallised Amount will be the higher of the 31 December Amount and the pro-rated 65th Birthday Amount calculated in the following manner:
(X/Y) times Z
where:
X: the number of Guaranteed Units as at 31 December in the Relevant Year
Y: the number of Guaranteed Units as at 65th birthday of the member
Z: the greater of the Guaranteed Balance and the Actual Balance as at 65th birthday of the member.
The Crystallised Amount will then become the Actual Balance from 1 January in the following year. No further Guarantee will apply to the Crystallised Amount, any new contributions or transfer-in assets that are to invest in the Guaranteed Fund thereafter (the ‘Relevant Amount’). However, while all fees and charges including the guarantee charge will continue to apply to the Relevant Amount, the guarantee charge will be rebated to the member on a monthly basis in arrears, calculated by using the daily net asset value in that month. Please refer to the ‘Guarantee features’ section under ‘Guaranteed Fund’ in Part II – Fund Structure of the ‘Principal Brochure’ of Hang Seng Mandatory Provident Fund – SuperTrust Plus for full details.
5.This condition does not apply to balances in personal account (as defined in the General Regulation) invested in the Guaranteed Fund. However, the other Guarantee Conditions will still be applicable to the accrued benefits held in the personal account.
6.Typical asset allocation is an indicative reference only and the long-term allocation of the fund may change depending on market conditions.
7.The approved ITCIS directly or indirectly held by the Hang Seng Index Tracking Fund may gain exposure to the Hang Seng Index or its constituent stocks as allowed under the applicable laws and regulations.
8.The approved ITCIS directly or indirectly held by the Hang Seng China Enterprises Index Tracking Fund may gain exposure to the Hang Seng China Enterprises Index or its constituent stocks as allowed under the applicable laws and regulations.
Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the relevant ‘Principal Brochure’.

Issued by Hang Seng Bank Limited
Contact Us
Hang Seng MPF Hotline MPF Specialists at Designated Branches
Existing MPF Customers Service hours:Mon - Fri,9 am to 5 pm
- Employers: 2288 6822
- Members / Self-employed persons: 2213 2213
- HKSARG Employees: 2269 2269
Non-existing MPF Customers
- Enquiries / Apply for Hang Seng MPF: 2997 2838