YF Life Trustees Again Scoops Two Awards in “MPF Ratings Consistent Performers”

Ranks Top Three in “2022 People’s Choice”

March 17, 2022

YF Life Trustees Limited (YF Life Trustees) has once again been honored by MPF Ratings, an independent MPF ratings provider based in Hong Kong, with two accolades: as “10-Year Consistent Performer—Equity Fund (US)” and “5-Year Consistent Performer—Equity Fund (US),” for the constituent funds under its “MASS Mandatory Provident Fund Scheme,” and in recognition of YF Life Trustees’ outstanding services and extensive experience in MPF schemes administration.

Also this year, YF Life Trustees ranks top three in the “People’s Choice 2022” awarded by MPF Ratings, showcasing the public satisfaction with and recognition of the “MASS Mandatory Provident Fund Scheme” as one of the most popular MPF schemes in Hong Kong.

Mr. Alvin Tse, Head of Pension & Employee Benefits, says, “YF Life Trustees fully appreciates that the MPF is a significant part of retirement planning for all those working in Hong Kong, and we are totally committed to providing a diversity of quality constituent funds to our scheme members, and creating added value for each MPF investment through our professional and quality services. We are truly honored to once again receive this distinction from a recognized independent MPF research provider in the highly competitive MPF arena. The awards recognize the outstanding performance of our products and services, as well as the hard work of the YF Life Trustees team. We will continue to stand with our promise to provide our scheme members with quality service and potential returns, in line with our commitment to helping our customers ‘own the future’.”

MPF Ratings’ objective is to raise the quality of MPF products as well as MPF scheme performance and services in the MPF industry. MPF Ratings is an acknowledged MPF expert in Hong Kong, providing MPF research and ratings services. Its assessment criteria include the investment choices and performance of the constituent funds, fees and charges, and the overall services provided within the schemes. These are reviewed both quantitatively and qualitatively.

YF Life Trustees Limited is a member of publicly listed Yunfeng Financial Group Limited, whose major shareholders include Yunfeng Financial Holdings Limited¹ and Massachusetts Mutual Life Insurance Company¹, one of the “Five Largest US Mutual Life Insurance Companies”². Leveraging our robust financial background and solid reliability, YF Life Trustees is committed to helping customers “own the future” by providing professional MPF services.

Notes:

1.    Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company have an indirect shareholding in Yunfeng Financial Group Limited.
2.    The “Five Largest US Mutual Life Insurance Companies” is ranked according to the results of “Insurance: Life, Health (Mutual)” on total revenues for 2020, and based on the FORTUNE 500 as published on June 1, 2021.