Awards Methodology

MPF Ratings Scheme of the Year finalists and winner(s)

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Background

Scheme of the Year finalists and winner(s) are assessed as the most well diversified MPF Schemes across all key criteria assessed by MPF Ratings; investment performance, fees and charges, as well as, an assessment of overall services within the schemes.

Criteria and Methodology *

Note: For Scheme of the Year and Rising Stars, investment performance returns and fees are weighted over 12-month, 3 year and 5-year portfolio. These weightings are consistent with the MPF Ratings’ methodology. The end date for the investment performance, fees and qualitative assessments is December 31 for the relevant year.

MPF Ratings Consistent Performers

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Background

One of the major determinants of long term wealth creation is consistent performance.

MPF Ratings’ Consistent Performer category recognizes constituent funds who deliver the best fund performance within their respective fund categories; and in the case of 5 year and 10 year performance, performance is calculated on a risk adjusted basis. Risk is defined as standard deviation on a monthly basis over 5 or 10 years.

MPF Ratings Best 1 Year Performance Awards recognizes the funds with the best 1 year performance within the MPF Ratings MPF performance survey across the following assessed fund categories:

Criteria and Methodology

  • Only publically investible share classes will be considered
  • 1 year performance, due to the short time horizon is based on absolute, calendar year performance
  • 5 and 10 year performance is measured on a risk adjusted basis. Risk is defined by standard deviation over the time period.
  • If there are multiple schemes that achieve the same rank, as measured for performance consistency, the winner shall be at the discretion of MPF Ratings Ltd
  • Funds only within MPF Ratings MPF Performance survey within the following fund categories are assessed:
    • Bond Fund
    • Equity Fund (Asia)
    • Equity Fund (HK & China)
    • Equity Fund (International)
    • Mixed Asset Fund (21-40)
    • Mixed Asset Fund (41-60)
    • Mixed Asset Fund (61-80)
    • Mixed Asset Fund (81-100)
    • Mixed Asset Fund (Dynamic)
    • MPF Conservative Fund
    • Guaranteed Fund

MPF Ratings Rising Stars

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Background

Rising Stars are highly regarded as they are assessed as the most improved MPF Schemes from the previous assessment cycle, as measured overall, across all key criteria assessed by MPF Ratings; investment performance, fees and charges, as well as, an assessment of overall services within the schemes.

Criteria and Methodology *

  • The Rising Stars can be Gold, Silver or Bronze rated schemes as determined by MPF Ratings’ rating methodology
  • The Rising Stars must demonstrate an improvement in overall absolute ranking or Rating from the prior year’s assessment
  • The schemes demonstrating the most substantial change in the overall rank shall be determined as the “Rising Stars”
  • If there are multiple schemes that have improved in the same absolute term, the highest ranked scheme may be assessed as the “Rising Star Winner”
  • If schemes still rank equally, MPF Ratings reserves the right to consider the overall improvement of a Scheme over two assessment cycles
  • Read further details on MPF Ratings’ assessment methodology

MPF Ratings Best New Innovators

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Background

The Best New Innovation category caters for scheme sponsors that demonstrate a willingness to embrace the long term interests of members through either the introduction of innovative product and/or functionality within existing schemes.

The development of innovative product and/or functionality should be focussed on putting the interest of Scheme members first; generating better, more consistent returns and/or improving services for members and employers.

MPF Ratings’ Best New Innovators contribute to the on-going development and competitiveness of the overall industry; for this they are recognised.

Criteria and Methodology *

  • The Best New Innovators can be Gold, Silver or Bronze rated schemes as determined by MPF Ratings’ rating methodology
  • The innovative product or functionality must be available at the time of the award nomination
  • The innovative product and/or functionality shall be assessed as contributing to an overall improvement to the long term welfare of MPF scheme members
  • If there are multiple schemes or products that are assessed as having a similar likelihood improving the long term welfare of members and employers, the winner shall be at the discretion of MPF Ratings Ltd.

MPF Ratings Fast Mover

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Background

MPF Ratings’ Fast Mover is awarded to the scheme that achieves the highest growth in net new assets of a calendar year.

While Hong Kong’s MPF has been in place for over a decade, relative to other defined contribution schemes, the MPF industry is still in its relative infancy and its sophistication continues to evolve. The Fast Mover award reflects success of schemes in building their business.

MPF Ratings’ Fast Mover is an important barometer in assessing the competitive landscape of the MPF market place.

Criteria and Methodology

  • Scheme sponsors must be a MPFA regulated provider
  • Schemes must have a minimum scheme size of HK$400 million
  • Schemes must have a minimum 3 year track record
  • The end date for the assessment is 30 September for the relevant year.
  • If there are multiple schemes that have improved under the same terms, the highest ranked scheme would be assessed as the Fast Mover

MPF Ratings Good Governance

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Background

Based on MPF Ratings’ proprietary research and evaluation process, the Good Governance Award winner must demonstrate a leading standard in integrity, as demonstrated by, sound business management practices and the willingness of MPF scheme sponsors to share info on their business practices.

By improving one’s own Governance structures, the awardee, not only contributes to the on-going improvement of a scheme’s own product, but also the overall development of the industry; for this they are recognized.

Criteria and Methodology *

  • The Good Governance winner can be Gold, Silver or Bronze rated schemes as determined by MPF Ratings’ rating methodology
  • The Good Governance award winner should at a minimum maintain its overall Rating from the prior year’s assessment
  • The scheme demonstrating either the maintenance of a high standard or the most substantial change within the Governance and Transparency criteria, assessed by MPF Ratings, shall be determined as the Good Governance Award winner
  • If there are multiple schemes that have improved under the same terms, the highest ranked scheme would be assessed as the Good Governance award winner

MPF Ratings Best Administration

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Background

Based on MPF Ratings’ proprietary research and evaluation process, the Best Administration Award winner(s) must demonstrate exceptional service standards, as well as, high levels of administration effectiveness and efficiency; the combination of which leads to an improved customer MPF experience.

By improving one’s own Administration efficiency, the awardee, not only contributes to the on-going improvement of a Scheme’s own product, but also the overall development and of the overall industry; for this they are recognized.

Criteria and Methodology *

  • The Best Administration award winner can be Gold, Silver or Bronze rated schemes as determined by MPF Ratings rating’s methodology
  • The Best Administration winner should at a minimum maintain its overall Rating from the prior year’s assessment
  • The scheme demonstrating either the maintenance of a high standard or the most substantial change within the Best Administration criteria, assessed by MPF Ratings, shall be determined as the scheme with the Best Administration winner
  • If there are multiple schemes that have improved under the same terms, the highest ranked scheme would be assessed as the Best Administration award winner

MPF Ratings Best Use of Technology

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Background

Based on MPF Ratings’ proprietary research and evaluation process, the Best Use of Technology Award winner(s) must demonstrate a leading standard or initiative in the use of technology to improve a customer’s MPF experience.

By using technology better, the awardee not only contributes to the on-going improvement of a scheme’s own product, but also the overall development and of the industry; for this they are recognized.

Criteria and Methodology *

  • The Best Use of Technology award winner can be Gold, Silver or Bronze rated schemes as determined by MPF Ratings rating’s methodology
  • The Best Use of Technology winner should at a minimum maintain its overall Rating from the prior year’s assessment
  • The scheme demonstrating either the maintenance of a high standard or the most substantial change within the Use of Technology criteria assessed by MPF Ratings, shall be determined as the Best Use of Technology award winner
  • If there are multiple schemes that have improved under the same terms, the highest ranked scheme would be assessed as the Best Use of Technology award winner

MPF Ratings Best Employer Servicing

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Background

Based on MPF Ratings’ proprietary research and evaluation process, the Best Employer Servicing Award winner(s) must demonstrate a leading standard or initiative in servicing employers; thereby improving a customer’s MPF experience.

While Hong Kong’s MPF has been in place for over a decade, relative to other defined contribution schemes, the MPF industry is still in its relative infancy and its sophistication continues to evolve. By improving one’s own Employer Servicing, the awardee, not only contributes to the on-going improvement of a Scheme’s own product, but also the overall development and of the overall industry; for this they are recognized.

Criteria and Methodology *

  • The Best Employer Servicing award winner can be Gold, Silver or Bronze rated schemes as determined by MPF Ratings rating’s methodology
  • The Best Employer Servicing award winner should at a minimum maintain its overall Rating from the prior year’s assessment
  • The Best Employer Servicing award winner should maintain or demonstrate an improvement in overall ranking within the Employer Servicing proprietary criteria used by MPF Ratings
  • The scheme demonstrating either the maintenance of a high standard or the most substantial change within the Employer Servicing criteria assessed by MPF Ratings, shall be determined as the Best Employer Servicing Award winner
  • If there are multiple schemes that have improved under the same terms, the highest ranked scheme would be assessed as the Best Employer Servicing award winner

MPF Ratings Best Member Servicing

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Background

Based on MPF Ratings’ proprietary research and evaluation process, the Best Member Servicing Award winner(s) must demonstrate a leading standard or initiative in servicing members; thereby improving a customer’s MPF experience.

By improving one’s own Member Servicing, the awardee, not only contributes to the on-going improvement of a Scheme’s own product, but also the overall development and of the overall industry; for this they are recognized.

Criteria and Methodology *

  • The Best Member Servicing award winner can be Gold, Silver or Bronze rated schemes as determined by MPF Ratings rating’s methodology
  • The Best Member Servicing award winner should at a minimum maintain its overall Rating from the prior year’s assessment
  • The scheme demonstrating either the maintenance of a high standard or the most substantial change within the Member Servicing criteria assessed by MPF Ratings, shall be determined as the Best Member Servicing Award winner
  • If there are multiple schemes that have improved under the same terms, the highest ranked scheme would be assessed as the Best Member Servicing award winner

MPF Ratings Best Communication and Education

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Background

Based on MPF Ratings’ proprietary research and evaluation process, the Best Communication and Education Award winner(s) must demonstrate a leading standard or initiative in providing members with effective communication and education; thereby improving a customer’s MPF experience.

Education and proactive communication with scheme members and the public plays an important role in raising industry standards. By improving one’s own Communication and Education strategy and resulting outcomes, the awardee, not only contributes to the on-going improvement of a scheme’s own product, but also the overall development and of the industry; for this they are recognized.

Criteria and Methodology *

  • The Best Communication and Education award winner can be Gold, Silver or Bronze rated schemes as determined by MPF Ratings rating’s methodology
  • The Best Communication and Education award winner should at a minimum maintain its overall Rating from the prior year’s assessment
  • The scheme maintaining a high standard or demonstrating the most substantial change within the Communication and Education criteria assessed by MPF Ratings, shall be determined as the Best Communication and Education Award winner
  • If there are multiple schemes that have improved under the same terms, the highest ranked scheme would be assessed as the Best Communication and Education award winner

MPF Ratings Socially Responsible

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Background

MPF Ratings’ Socially Responsible award is awarded to schemes that introduce initiatives that promotes socially responsible outcomes that visibly benefit the people of Hong Kong.

Hong Kong’s MPF covers almost all workers in Hong Kong; workers who are vital to the viability and vitality of Hong Kong. By covering almost all workers in Hong Kong the MPF industry is in a unique place; where decisions made within the industry has the possibility of affecting the lives of Hong Kong’s working population. This puts the industry in a position of great influence; influence that can be used to create better outcomes beyond financial outcomes. MPF Ratings’ Socially Responsible award recognizes MPF Schemes who are committed to producing better social outcomes.

Criteria and Methodology

  • Scheme sponsors must be a MPFA regulated provider
  • Schemes must have a minimum scheme size of HK$400 million
  • Schemes must have a minimum 3 year track record
  • The end date for the assessment is 31 December for the relevant year
  • Award recipients are at the discretion of MPF Ratings

MPF Ratings Ltd welcomes all media enquiries regarding our database, and independent research, views and opinions. Should you have further enquires please do not hesitate to contact us.

* Additional Criteria and Methodology

  • Scheme sponsors must be a MPFA regulated provider
  • Schemes must have a minimum scheme size of HK$400 million
  • Schemes must have minimum 3 year track record
  • The end date of assessment is at 31 December for the relevant year