Hang Seng MPF. Annual Member Newsletter. Hang Seng MPF Service Hotline Hang Seng MPF website hangseng.com/empf August 2014

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1 Hang Seng MPF Annual Member Newsletter August 2014 Hang Seng MPF website hangseng.com/empf Hang Seng MPF Service Hotline

2 Important notes The Hang Seng Mandatory Provident Fund SuperTrust, SuperTrust Plus, SimpleChoice and ValueChoice are mandatory provident fund schemes. 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. The respective Guaranteed Fund under Hang Seng Mandatory Provident Fund SuperTrust and 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 relevant 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 relevant Principal Brochure for details of the credit risk. The guarantee in the relevant Guaranteed Fund only applies under certain conditions. Please refer to the Guarantee features section under Guaranteed Fund in Part II - Fund Structure of the relevant Principal Brochure for full details of the guarantee features and Guarantee Conditions. You should not invest based on this document alone and should read the relevant Principal Brochure. Investment involves risks. Past performance is no guide to future performance. For further details including the product features and risks involved, please refer to the relevant Principal Brochure. Pay the mandatory contributions in full and on time Under MPF legislation, all the mandatory contributions made by employers, employees and self-employed persons must be paid in full on or before the contribution day. As an employee, you do not need to take any action for your contributions as your employer will deduct the employee s mandatory contributions from your salary and remit the contributions to the trustee, together with the employer s portion. Generally, the contribution day is the 10th day of each month for monthly-paid employees. For example, the contributions for the contribution period from 1 September 2014 to 30 September 2014 should be paid in full to the trustee by your employer on or before 10 October You are encouraged to check your contributions regularly. For self-employed person, you are required to pay your mandatory contributions to your trustee directly. If you have selected to make monthly contributions under Hang Seng MPF schemes, the contribution day will be the last day of the month. For example, you should pay the mandatory contributions for the contribution period from 1 September 2014 to 30 September 2014 to the trustee in full on or before 30 September If you have selected to make the mandatory contributions on a yearly basis, the contributions should be settled no later than 30 June each year, which is the end of the scheme financial period for each Hang Seng MPF scheme. If the contribution day falls on a Saturday, a public holiday, a gale warning day or a black rainstorm warning day, then the contribution day shall be postponed to the next following day which is not a Saturday, a public holiday, a gale warning day or a black rainstorm warning day.

3 Consolidate Personal Accounts in a simple way According to the latest MPF Schemes Statistical Digest issued by the MPFA, there are currently over 4 million personal accounts under the MPF System. On average, every MPF scheme member has more than one personal account. As different trustees will deliver various materials to MPF account holders every now and then, the more accounts you hold, the more materials you will receive, costing you time and effort to manage your accounts, and even affect your retirement planning. Consolidating personal accounts is easy. No matter how many personal accounts you have, you only need to fill in one form to do the job. Here are the 3 steps on consolidating accounts. Step 1: Select trustee and scheme Select a MPF trustee and scheme of your choice for consolidating the personal accounts in one go. When choosing a trustee and scheme, you should consider four major factors: Products (Scheme and Fund), Services, Fees and Charges, and Personal Factors. Step 2: Fill in the Form You only need to fill in a single form specially designed for account consolidation, the Scheme Member s Request for Account Consolidation Form [Form MPF(S)-P(C)], and submit it to your selected trustee. Form MPF(S)-P(C) can be downloaded from the MPFA website. Step 3: Check relevant documents Once your consolidation is completed, you will receive a Transfer Statement from your original trustee and a Transfer Confirmation from your new trustee. Please check the information on them carefully to make sure it is correct. If you have any doubts, please contact your trustee. The key to MPF management is to make things SIMPLE. One of the best ways is to consolidate your existing accounts to achieve easier account management. The above information is provided by Hang Seng Bank Limited.

4 New version of the Principal Brochure of Hang Seng Mandatory Provident Fund ValueChoice We have updated the Principal Brochure for Hang Seng Mandatory Provident Fund - ValueChoice. The new version came into effect on 28 March Please visit the Hang Seng MPF website at hangseng.com/empf and download the latest version of the brochure. Single mail pack for annual statements Some MPF members hold more than one Hang Seng MPF account. To offer a more convenient way for members to manage their Hang Seng MPF accounts and to be more environmental friendly, we have always grouped all the statements of those different Hang Seng MPF accounts into one single mail pack which is mailed to your most recent correspondence address according to our system record. Arrangement for change investment instructions under gale/storm signal and black rainstorm warning signal The arrangement for change investment instructions under gale/storm signal and black rainstorm warning signal issued by the Hong Kong Observatory on a business day is as follows: If No. 8 or above gale/storm signal and/or black rainstorm warning signal ( Warning Signal ) is hoisted before 9 am and still in force at 12 noon on a business day, the processing of change investment instructions scheduled on that business day will be postponed to the next business day. If the Warning Signal is hoisted after 9 am or is cancelled at or before 12 noon, the processing of change investment instructions scheduled on that business day will continue according to normal procedures. The above arrangement is provided for reference only and may be subject to change from time to time without notice. Offsetting of Long Service Payment and Severance Payment Some employees are entitled to a Long Service Payment or Severance Payment from the employer when they cease working for an employer. By legislation, your employer can offset the Long Service Payment or Severance Payment paid to you with the vested accrued benefits derived from the employer s contributions under MPF. There are various types of employer s contributions in a member s MPF account. Hang Seng MPF will process the offsetting instructions to offset the Long Service Payment or Severance Payment according to the following sequence: 1. Employer voluntary contributions (if applicable) 2. Employer s ORSO transfers (if applicable) 3. Employer special contributions (if applicable) 4. Employer mandatory contributions

5 Hang Seng MPF Member Investment Seminar 2014 Seminar for Free You are cordially invited to attend the Hang Seng MPF Member Investment Seminar. Through the seminar, Investment Manager will review the recent performance of the MPF funds and share an overview on the investment market. Details of the seminar are as follow: Date : Time : 8 October 2014 (Wed) 7:00pm 8:30pm 25 October 2014 (Sat) 2:00pm 3:30pm Venue : Language : No. of seats available : 24/F Penthouse, Hang Seng Bank Headquarters, 83 Des Voeux Road Central, Central, Hong Kong Cantonese Seats are limited. For reservation, please return the completed reply slip to us by fax at least 4 working days before the seminar holds. We will confirm your reservation by phone, by or by fax at least 2 working days before the seminar. If no confirmation is received 1 day prior to the seminar, your reservation will be deemed unsuccessful. For enquiry, please contact Hang Seng MPF Service Hotline on MPF Member Investment Seminar Reply Slip* Fax No.: To: Corporate Benefits Department, Hang Seng Bank Name: Mr. / Miss / Mrs. / Ms. Day Time Contact Tel. No.: Fax No. / address : Name of Employer: MPF Membership ID: (Please refer to your benefit statement) I would like to reserve seat(s) on the following date of seminar: Date : Time : No. of seats reserved : 8 October 2014 (Wed) 7:00pm 8:30pm 25 October 2014 (Sat) 2:00pm 3:30pm Your information provided in this reply slip will only be used for the arrangement of the above-mentioned seminar. If No. 8 or above gale/storm signal and/or black rainstorm warning signal is announced to be in force by the Hong Kong Observatory at or before noon on the seminar date, the seminar will be cancelled. The above information is provided by Hang Seng Bank Limited.

6 Guaranteed Interest Rate The guaranteed interest rate for the Guaranteed Fund offered under Hang Seng Mandatory Provident Fund SuperTrust and SuperTrust Plus is 0.125% per annum in the scheme financial period from 1 July 2014 to 30 June Provided the Guarantee Conditions are met, scheme members will receive the higher of the Actual Balance or the Guaranteed Balance when payment or transfer of accrued benefits is made. Please refer to the relevant Principal Brochure for the details of the guarantee features and Guarantee Conditions. The Actual Balance is the value of the units held in the Guaranteed Fund in respect of a Member or a Deferred Member. The Guaranteed Balance is a nominal balance. It is calculated by taking the value of the Guaranteed Balance as of the beginning of the financial year, adding contributions in respect of the Member or Deferred Member that have been applied to purchase units during the year up to that day, accumulated at the Guaranteed Interest Rate; and deducting a portion of the Guaranteed Balance corresponding to amounts withdrawn from the Guaranteed Fund during that financial year. Please note that the guarantee will not apply to the following conditions: Monies switching between constituent fund(s) Transfer of monies when the employer chooses another service provider Transfer of monies to another service provider by a Deferred Member not upon the Guarantee Conditions listed in the Principal Brochure The information contained in this publication is for reference only and the provisions of the MPF legislation, other applicable legislation and announcements by the Mandatory Provident Fund Schemes Authority shall prevail. If you are in doubt about the meaning or the effect of the contents of this publication, you should seek independent professional advice. Investment involves risks. Past performance is no guide to future performance. For further details including the product features and risks involved, please refer to the relevant Principal Brochure. HSBC Provident Fund Trustee (Hong Kong) Limited Customers have a right to request that personal data about them not be used for direct marketing purposes. Requests can be made in writing to the Data Protection Officer, HSBC Provident Fund Trustee (Hong Kong) Limited, c/o HSBC Life (International) Limited, PO Box Kowloon Central Post Office. Issued by Administrator of Hang Seng MPF, HSBC Life (International) Limited L-HAMPF018B v01/0814(0814)