Hong Kong MPF plan design

Choosing the right MPF provider for your company’s needs
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How do you know whether your decision-makers have provided the best options under the Mandatory Provident Fund Scheme (MPF) for your employees? We can help.

Importance of MPF scheme

Since the pension element is a key component of your employee’s total rewards, managing an MPF scheme for your employees takes more than initial selection of providers.  The MPF system has established a solid foundation and reputation over its extensive history providing a reliable framework for retirement savings, and all employers should check when they last reviewed their providers’ performance.  Individual MPF accounts are accumulating to sizeable amounts and be a meaningful contribution to your employee’s retirement wellbeing, and employers should be sensitive to the discrepancy in performance of the best and worst investment options.

How Mercer can help your business

  • (a) MPF broking service and provider selection

    MPF scheme returns significantly impact retirement savings. While members can choose fund allocations based on their risk profiles, employers play a crucial role in selecting the right scheme. Returns can vary widely among MPF schemes, even within the same equity region, due to management fees, investment strategies, and fund performance.

    At Mercer, our MPF broking services offer a comprehensive assessment of leading MPF providers, considering members' demographic profiles and investment preferences. We provide tailored advice aligned with your objectives, regardless of whether you are changing or adding MPF providers. Our recommendations focus on how effectively each provider meets your established criteria. Additionally, we will develop a streamlined communication strategy to promote enhancements to your MPF scheme, showcasing the value proposition to employees.

  • (b) Financial wellness

    In most of the companies, there is a focus on promoting physical and mental wellness, but often the importance of financial wellness is overlooked. At Mercer, we believe that financial wellness is a cornerstone of overall well-being for individuals and organizations alike. Our comprehensive financial wellness programs are designed to empower employees with the knowledge and tools they need to make informed financial decisions and achieve their financial goals. We offer a wide variety of topics including budgeting, finding your right investments, protection, retirement planning and the list goes on.

Why Mercer is your trusted retirement scheme advisor

A. Continuous growth in the MPF space and strong relationship with MPF providers

In Hong Kong, Mercer has been providing retirement consulting services to institutional clients over decades, serving a diverse range of financial institutions, policy bureau, conglomerates and companies across varies industries. With the robust broking relationship with top ten MPF providers in the market, many of our clients have chosen us as their MPF broker. Mercer’s sustainably strong relationship and negotiation power with providers is also leveraged from our increasing size of clientele under Mercer’s MPF service. 

B. Value add to members

Mercer believes that, while provider review can enable a selection of a better performing vehicle/ platform for members’ retirement saving, member engagement is also an essential element. In our holistic advice and solution deliverable, we evaluate also strategies on member communication and education for supporting members in any transition process and management of their MPF, such that any change will be perceived as beneficial to members. Moreover, focused financial wellness workshops have been developed targeting the key member representatives to deep dive into retirement planning and overall financial wellness for our clients. In the event of market volatility or uncertainty, we find it very effective if employer offers more informative sessions to help members understand what he/she has to do/ not to do in adjusting their asset allocation and fund choices.

C. Strong resources and capabilities

We own our database and survey, with reports highly recognized by the market among providers and employers. We are dedicated to providing our market research and insight via different channels, including Mercer MPF reports, Mercer MPF Forum, monthly newsletter, Mercer CFA Institute Global Pension Index, MPF Satisfaction Index, Mercer Hong Kong Retirement Scheme Survey Report.  

  • Fund provider selection

    At Mercer our MPF broking services include a comprehensive review of your choices among top MPF providers, taking account of your members’ demographic profile and current preferences in investment options. We then provide unbiased and tailor-made advice and solutions to fit your objectives and needs about whether to change MPF providers, or add a new one. All of our advice is based on how well the provider ranks in terms of the criteria defined by you, We can also provide a hassle-free communication plan for you to share the good work done to make your MPF scheme a relevant and recognized part of your total value proposition to your employees.

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