List of pension schemes in Hong Kong
Hong Kong pension schemes include various retirement protection schemes in Hong Kong. This article lists pension schemes in Hong Kong that are more widely known to the general public, including the Mandatory Provident Fund (MPF) schemes, statutory pension schemes and several occupational retirement registered schemes.
Mandatory Provident Fund Schemes
The following list of Mandatory Provident Fund (MPF) schemes is based on the register of MPF schemes[1] and the list of MPF approved trustees[2] published by the Mandatory Provident Fund Schemes Authority. Since June 2024, the eMPF Platform, acting as the system operator, has been progressively taking over the scheme administration functions from the existing administrative service providers of the MPF schemes[3].
| MPF schemes by Approved Trustees | |||
|---|---|---|---|
| Notes: Cititrust, HSBC Institutional Trust Services (Asia) and Sun Life Pension Trust currently no longer act as trustees for any MPF schemes. Explanations: Integrated: Master Trust SchemeIndustry: Industry Scheme | |||
| AIA (Trustee) | |||
| Scheme | Type | Sponsor | Administrator |
| AIA MPF - Prime Value Choice | Intergrated | AIA | eMPF Platform |
| Bank Consortium Trust | |||
| Scheme | Type | Sponsor | Administrator |
| AMTD MPF Scheme | Intergrated | oOo Securities (HK) | eMPF Platform |
| BCT (MPF) Industry Choice | Industry | BCT Financial | Bank Consortium Trust |
| BCT (MPF) Pro Choice | Intergrated | BCT Financial | eMPF Platform |
| BCT Strategic MPF Scheme | Intergrated | BCT Financial | eMPF Platform |
| Manulife RetireChoice (MPF) Scheme | Intergrated | Manulife (International) | eMPF Platform |
| Bank Of Communications Trustee | |||
| Scheme | Type | Sponsor | Administrator |
| BCOM Joyful Retirement MPF Scheme | Intergrated | BOCOM MPF & Financial Services | eMPF Platform |
| Bank of East Asia (Trustees) | |||
| Scheme | Type | Sponsor | Administrator |
| BEA (MPF) Industry Scheme | Industry | Bank of East Asia | Bank of East Asia (Trustees) |
| BEA (MPF) Master Trust Scheme | Intergrated | Bank of East Asia | eMPF Platform |
| BEA (MPF) Value Scheme | Intergrated | Bank of East Asia | eMPF Platform |
| BOCI-Prudential Trustee | |||
| Scheme | Type | Sponsor | Administrator |
| BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme | Intergrated | BOC-Prudential | eMPF Platform |
| My Choice Mandatory Provident Fund Scheme | Intergrated | BOC-Prudential | eMPF Platform |
| China Life Trustees | |||
| Scheme | Type | Sponsor | Administrator |
| China Life MPF Master Trust Scheme | Intergrated | China Life Insurance (Overseas) | eMPF Platform |
| HSBC Provident Fund Trustee (Hong Kong) | |||
| Scheme | Type | Sponsor | Administrator |
| Fidelity Retirement Master Trust | Intergrated | FIL Investment Management (Hong Kong) | HSBC Provident Fund Trustee (Hong Kong) |
| Haitong MPF Retirement Fund | Intergrated | Haitong International Investment Managers | HSBC Provident Fund Trustee (Hong Kong) |
| Hang Seng Mandatory Provident Fund - SuperTrust Plus | Intergrated | Hang Seng Bank | HSBC Provident Fund Trustee (Hong Kong) |
| HSBC Mandatory Provident Fund - SuperTrust Plus | Intergrated | HSBC Hong Kong | HSBC Provident Fund Trustee (Hong Kong) |
| Manulife Provident Funds Trust | |||
| Scheme | Type | Sponsor | Administrator |
| Manulife Global Select (MPF) Scheme | Intergrated | Manulife (International) | Manulife Provident Funds Trust |
| Principal Trust Company (Asia) | |||
| Scheme | Type | Sponsor | Administrator |
| Principal MPF - Simple Plan | Intergrated | Principal Insurance | eMPF Platform |
| Principal MPF - Smart Plan | Intergrated | Principal Insurance | eMPF Platform |
| Principal MPF Scheme Series 800 | Intergrated | Principal Insurance | eMPF Platform |
| Standard Chartered Trustee (Hong Kong) | |||
| Scheme | Type | Sponsor | Administrator |
| SHKP MPF Employer Sponsored Scheme | Employer Sponsored Schemes | Sun Hung Kai Properties | eMPF Platform |
| Sun Life Trustee | |||
| Scheme | Type | Sponsor | Administrator |
| Sun Life Rainbow MPF Scheme | Intergrated | Sun Life Hong Kong | BestServe Financial |
| YF Life Trustees | |||
| Scheme | Type | Sponsor | Administrator |
| MASS Mandatory Provident Fund Scheme | Intergrated | Massachusetts Mutual Life Insurance | eMPF Platform |
Asset size
| Ranking of MPF schemes by asset size and market share (2023 – Q2 2025) | |||||||
| Rank | Scheme | Q2 2025[4] | 2024[5] | 2023[6] | |||
|---|---|---|---|---|---|---|---|
| Size (HK$m) | Share | Size (HK$m) | Share | Size (HK$m) | Share | ||
| 1 | Manulife Global Select | 381,341.26 | 26.68% | 349,124.95 | 27.04% | 307,036.00 | 26.92% |
| 2 | HSBC SuperTrust Plus | 257,812.30 | 18.03% | 229,791.63 | 17.80% | 200,573.00 | 17.58% |
| 3 | Sun Life Rainbow | 156,623.82 | 10.96% | 141,452.59 | 10.96% | 125,686.00 | 11.02% |
| 4 | AIA Prime Value Choice | 132,736.01 | 9.29% | 117,999.04 | 9.14% | 102,961.00 | 9.03% |
| 5 | BOC-Prudential Easy-Choice | 104,721.36 | 7.33% | 92,376.79 | 7.15% | 79,705.00 | 6.99% |
| 6 | Hang Seng SuperTrust Plus | 83,955.67 | 5.87% | 74,658.50 | 5.78% | 64,929.00 | 5.69% |
| 7 | BCT (MPF) Pro Choice | 72,136.41 | 5.05% | 64,171.40 | 4.97% | 57,058.00 | 5.00% |
| 8 | Fidelity Retirement Master Trust | 61,054.80 | 4.27% | 55,684.99 | 4.31% | 49,466.00 | 4.34% |
| 9 | Principal Series 800 | 48,294.27 | 3.38% | 45,932.27 | 3.56% | 42,041.00 | 3.69% |
| 10 | BCT Strategic | 22,861.23 | 1.60% | 20,702.30 | 1.60% | 19,778.00 | 1.73% |
| 11 | Principal Smart Plan | 20,438.09 | 1.43% | 18,938.76 | 1.47% | 17,819.00 | 1.56% |
| 12 | BEA (MPF) Industry Scheme | 18,334.06 | 1.28% | 16,843.59 | 1.30% | 15,140.00 | 1.33% |
| 13 | BEA (MPF) Master Trust Scheme | 16,914.23 | 1.18% | 15,542.51 | 1.20% | 14,272.00 | 1.25% |
| 14 | Manulife RetireChoice | 10,402.88 | 0.73% | 9,417.58 | 0.73% | 8,655.00 | 0.76% |
| 15 | BCOM Joyful Retirement | 8,568.68 | 0.60% | 7,781.76 | 0.60% | 7,329.00 | 0.64% |
| 16 | SHKP MPF Employer Sponsored | 8,220.37 | 0.58% | 7,485.42 | 0.58% | 6,781.00 | 0.59% |
| 17 | BCT (MPF) Industry Choice | 6,751.42 | 0.47% | 6,280.54 | 0.49% | 5,823.00 | 0.51% |
| 18 | MASS | 5,397.70 | 0.38% | 4,975.90 | 0.39% | 4,579.00 | 0.40% |
| 19 | China Life MPF | 5,020.61 | 0.35% | 4,699.29 | 0.36% | 4,206.00 | 0.37% |
| 20 | My Choice | 3,624.53 | 0.25% | 3,326.41 | 0.26% | 3,030.00 | 0.27% |
| 21 | Principal MPF - Simple Plan | 2,567.11 | 0.18% | 2,450.87 | 0.19% | 2,398.00 | 0.21% |
| 22 | AMTD | 909.17 | 0.06% | 809.94 | 0.06% | 735.00 | 0.06% |
| 23 | Haitong | 623.07 | 0.04% | 549.30 | 0.04% | 489.00 | 0.04% |
| 24 | BEA (MPF) Value | 220.06 | 0.02% | 194.84 | 0.02% | 168.00 | 0.01% |
| Total asset size (HKD) | 1,429,529,110,000 | 1,291,191,170,000 | 1,140,657,000,000 | ||||
| MPF market share by Sponsor ranking (2023 – Q2 2025) | |||||||
| Rank | Sponsor | Q2 2025 | 2024 | 2023 | |||
| Size (HK$m) | Share | Size (HK$m) | Share | Size (HK$m) | Share | ||
| 1 | Manulife (International) | 391,744.14 | 27.40% | 358,542.53 | 27.77% | 315,691.00 | 27.68% |
| 2 | HSBC Hong Kong | 257,812.30 | 18.03% | 229,791.63 | 17.80% | 200,573.00 | 17.58% |
| 3 | Sun Life Hong Kong | 156,623.82 | 10.96% | 141,452.59 | 10.96% | 125,686.00 | 11.02% |
| 4 | AIA | 132,736.01 | 9.29% | 117,999.04 | 9.14% | 102,961.00 | 9.03% |
| 5 | BOC-Prudential | 108,345.89 | 7.58% | 95,703.20 | 7.41% | 82,735.00 | 7.25% |
| 6 | BCT Financial | 101,749.06 | 7.12% | 91,154.24 | 7.06% | 82,659.00 | 7.25% |
| 7 | Hang Seng Bank | 83,955.67 | 5.87% | 74,658.50 | 5.78% | 64,929.00 | 5.69% |
| 8 | Principal Insurance | 71,299.47 | 4.99% | 67,321.90 | 5.21% | 62,258.00 | 5.46% |
| 9 | FIL Investment Management (Hong Kong) | 61,054.80 | 4.27% | 55,684.99 | 4.31% | 49,466.00 | 4.34% |
| 10 | Bank of East Asia | 35,468.35 | 2.48% | 32,580.94 | 2.52% | 29,580.00 | 2.59% |
| 11 | BOCOM MPF & Financial Services | 8,568.68 | 0.60% | 7,781.76 | 0.60% | 7,329.00 | 0.64% |
| 12 | Sun Hung Kai Properties | 8,220.37 | 0.58% | 7,485.42 | 0.58% | 6,781.00 | 0.59% |
| 13 | Massachusetts Mutual Life Insurance | 5,397.70 | 0.38% | 4,975.90 | 0.39% | 4,579.00 | 0.40% |
| 14 | China Life Insurance (Overseas) | 5,020.61 | 0.35% | 4,699.29 | 0.36% | 4,206.00 | 0.37% |
| 15 | oOo Securities (HK) | 909.17 | 0.06% | 809.94 | 0.06% | 735.00 | 0.06% |
| 16 | Haitong International Investment Managers | 623.07 | 0.04% | 549.30 | 0.04% | 489.00 | 0.04% |
Other pension schemes
The following list of pension schemes includes statutory pension schemes, as well as occupational retirement schemes registered under the Mandatory Provident Fund Schemes Authority’s public register[7] and MPF-exempted occupational retirement schemes[8] that are more widely known to the general public.
| Pension Scheme | Scheme Type | Administrator |
|---|---|---|
| Civil Service Old Pension Schemes | Statutory | The Treasury |
| Civil Service New Pension Schemes | Statutory | The Treasury |
| Grant Schools Provident Fund | Statutory | The Treasury |
| Subsidized Schools Provident Fund | Statutory | The Treasury |
| Hospital Authority Provident Fund Scheme | ORSO | HSBC Institutional Trust |
| MTR Corporation Limited Provident Fund Scheme | ORSO | HSBC Institutional Trust |
| PCCW Retirement Scheme | ORSO | HSBC Institutional Trust |
| The HSBC Group Hong Kong Local Staff Retirement Benefit Scheme |
ORSO | HSBC Institutional Trust |
| Cathay Pacific Airways Provident Fund | ORSO | HSBC Institutional Trust |
| Hutchison Provident Fund | ORSO | HSBC Institutional Trust |
| New World Development Company Limited Provident Fund Scheme | ORSO | HSBC Provident Fund Trustee |
| CLP Group Provident Fund Scheme | ORSO | Bank Consortium Trust |
| Maxim's Caterers Limited Retirement Plan | ORSO | AIA International |
| Bank of China (Hong Kong) Group Provident Fund Scheme | ORSO | BOCI-Prudential Trustee |
See also
References
- ^ "List of Registered MPF Schemes". Information Centre. Mandatory Provident Fund Schemes Authority. Archived from the original on 2024-12-07. Retrieved 2024-12-01.
- ^ "Overview of MPF Approved Trustees". Information Centre. Mandatory Provident Fund Schemes Authority. Archived from the original on 2024-12-15. Retrieved 2024-12-01.
- ^ "Latest Onboarding Schedule of MPF Schemes and Trustees to the eMPF Platform". Information Centre - Latest News. eMPF. Archived from the original on 2024-11-21. Retrieved 2025-07-03.
- ^ GUM (2025-07-16). "強積金「避險潮」來襲：2025上半年保守、保證基金吸金共超210億稱冠 | GUM". 最新消息 What's new (in Chinese (Hong Kong)). Retrieved 2025-07-31.
- ^ GUM (2025-01-17). "2024年強積金資產達1.29萬億港元；滙豐市佔增長最多；美股基金全年吸金200億港元 | GUM". 最新消息 What's new (in Chinese (Hong Kong)). Retrieved 2025-07-31.
- ^ 香港經濟日報HKET. "【強積金】eMPF料加劇行業整合潮 市民更易轉換積金商 CP值高方為吸客王道". 香港經濟日報HKET (in Traditional Chinese). Retrieved 2025-07-31.
- ^ "Occupational Retirement Schemes". Information Centre. Mandatory Provident Fund Schemes Authority. Archived from the original on 2024-12-07. Retrieved 2025-05-12.
- ^ "MPF-exempted Occupational Retirement Schemes". Information Centre. Mandatory Provident Fund Schemes Authority. Archived from the original on 2024-12-04. Retrieved 2025-05-12.