Tag Archives: AIA

中環在線:AIA馮裕祺睇中「沙排孖妹」

AIA同惠理(806)新推咗款強積金基金,不過就冇好似積金局咁,搵坤哥去sell強積金,而係搵咗剛剛拎咗新加坡公開賽冠軍嘅港隊「沙排孖妹」吳天麗同黃婉媚拍廣告。
今次AIA MPF力邀「沙排孖妹」參與,原來係因為AIA MPF行政總裁(CEO)馮裕祺(Stephen)一向鍾意睇沙排,皆因沙排係少數運動只有雙打,講求反應靈活,隊員仲要好有默契。今次合作出嘅基金咁啱係主打靈活調整股債比例,正正就好似沙排咁做到攻守兼備。
Stephen仲話,知道香港沙排運動員支援比較少,要好有熱誠全職追夢,「沙排孖妹」形象咁正面健康,所以好適合搵佢哋sell新產品,希望打工仔一買隻基金,就聯想到好似「沙排孖妹」咁有決心、默契同毅力喎。

中產想退休 4成沒存夠錢

「AIA MPF理想退休生活調查」中指出,打工仔的理想退休儲備金額中位數為403萬元。逾四成中產因儲錢不足未必能夠無憂退休,更有八成中產人士覺得現時生活「慘」紛紛喊窮。

文匯報報導,在此項調查結果顯示,受訪者的理想退休年齡平均為61.1歲;理想退休儲備金額中位數為403萬元,較上期調查的381萬元多出22萬元;67%受訪者於退休時的預期儲備,將不足以應付其理想退休生活所需的生活費,僅三分之一人可無憂退休,儲錢不足問題嚴峻。

據報導,雖然中產收入相對較高,但亦未必可以無憂退休。大多數受訪者認為月入5萬以上人士才屬中產。在中產當中,逾四成儲備不足,反映高收入並不保證退休無憂。有82%中產人士指生活「慘」,當中71%認為賺得多用得更多;69%稱樓價高,遠超能力所及。調查發現,即使是較高收入的中產人士亦會儲備不足,有可能是他們的退休目標太高,但實行退休儲蓄或投資大計時,卻因為賺得多,消費更多的緣故,未能持之以恒好好落實計畫,影響退休儲備。

報導稱,同時,近四成受訪者不知道自己強積金投資組合;近半不知道強積金賺蝕;近半只會不定期甚至從無查閱強積金賬戶。專家認為,強積金是市民退休生活的基本保障,市民應從各種渠道不斷學習理財知識,積極管理強積金,才能令退休路更平坦。

據報導,調查又發現男女儲蓄習慣大不同。僅35%受訪者表示會定期與伴侶分享或討論退休大計。若遇上揮霍無度的伴侶時,只有四成受訪男女稱會與對方商討尋求解決方法。至於有何實際行動解決問題,逾四成受訪男士表示會節約用錢,省下來給對方用;高達75%受訪女士則會儲起私己錢自己用。

調查於去年8月進行,透過網上問卷及面對面形式,訪問共1110名年齡介乎18歲至65歲,以及最少擁有一個強積金帳戶的在職港人,以探討及了解在職港人對理想退休生活的目標、看法及實現目標的可能性。

三成人退休準備不足 延遲11年退休

政府年底將就退休保障計劃進行公眾諮詢,有機構訪問了1,110名16至65歲有強積金賬戶的港人,詢問他們對退休儲蓄的認知及投資情況等,計算他們的「退休商數」(RQ),受訪港人平均為63分,當中30%人不合格,即退休準備不足,令他們平均需延遲11年退休。

調查是由友邦退休金管理及信託有限公司在今年八月進行,調查又發現,86%受訪者傾向即時享樂多於為未來打算,87%家長投放於子女學習和興趣的開支多過自己的儲蓄退休,另有18%受訪90後從沒有查閱強積金賬戶。

 

教院亞洲及政策研究學系系主任周基利建議,市民應戒掉先洗未來錢的習慣,訂立並及早執行儲蓄及投資目標。AIA MPF行政總裁馮裕褀建議,市民可分拆賬戶作投資和儲蓄,將退休儲蓄視為每月首張要支付的賬單,並透過自動轉賬作強積金自願性供款滾存投資。

Editor pick 2012 best MPF

AIA brings retirement offerings with great value, choice and simplicity to members

AIA Pension and Trustee Co. Ltd. (AIA) has been fulfilling the diverse needs of Mandatory ProvidentFund (MPF) members for more than a decade.

Over the years AIA’s service offering as well as its product quality and value have evolved tremendously. Customers who have selectedAIA as their retirement partner will now benefit from its customer value proposition, the pledge and commitment to provide retirement offerings with Value, Choice and Simplicity.

Explaining the core component of “Value,” Ms Bonnie Tse, senior vice president and managing director of AIA Pension and Trustee Co. Ltd., said what AIA promises is value-for-money retirement offerings along with efforts to achieve respectable investment performance. “Weendeavour to ensure that every cent of our customers works toward their prosperous retirement future.

To demonstrate our commitment to provide offerings with great value,AIA has introduced a series of low-fee constituent funds, including the Asian Bond Fund, American Fund, Eurasia Fund and Hong Kong and China Fund, with management fees of up to 0.99 percent per annum to its existing MPF schemes.

In addition, the management fees of Global Bond Fund, MPFConservative Fund, and World Fund under the existing MPF schemes have also been reduced to 0.99 percent per annum.

The Asian Bond Fund invests in fixed income instruments of government, corporations and supranational organizations, issued in international capital markets. The American Fund invests in index-tracking funds of the equity markets of North America and South America. The Eurasia Fund invests in European, Australasian,Far Eastern equity markets index-tracking funds, while the Hong Kong and China Fund invests in index-tracking funds that track Hong Kong equity market indices that measure the performance of Hong Kong listed companies including mainland China companies listed in Hong Kong, or H-shares.

One key advantage of these new low-fee constituent funds that have been added to existingMPF schemes is that both new and existing members can invest in them. Besides, the Fund Expense Ratio of Manager’s Choice Fund, World Fund and Global Bond Fund in the categories of mixed assets fund, equity fund and bond fund respectively are the lowest in the market.

These three fund categories comprise almost 77 percent of the aggregate net asset value of the approved constituent funds of MPFschemes in the market. Such distinctions reflect AIA’s commitment to offering value-for- oney MPF services.

“Choice” is the second core component of AIA’s value proposition to its customers, which could be seen in the company’s continuing endeavors to pursue multi-manager strategies and enrich investment choices. “We believe a real choice of funds is founded on freedom – the freedom to choose and to switch. Over the years, we have been pursuing multi-manager strategies and striving hard to select first-class investment managers from around the globe. This open framework enables our customers to diversify their investments among constituent funds managed by different investment managers with varying styles, and to switch their investment choices within as little as one day, without having to switch schemes.”

The choice has expanded for MPF customers, now that AIA has added four new low-fee constituent funds, broadening its MPF platform to 25 constituent funds designed to suit a diverse range of needs, whether customers prefer the ‘do-it-for-me’ or ‘do-it-myself’ approach to investing their money.

“RecentlAIA also developed a simple yet useful fund selection matrix to help our customers make the investment choices that might suit their individual investment approach and risk appetites.” Ms Tsesaid.

“Simplicity,” the third component of the AIA customer value proposition, promises hassle-free and convenient services to customers, enabling them to manage their retirement funds and grow their retirement nest egg with ease. Ms Tse explains: “Over the years, we have offered hasslefree investment reallocation service, various convenient account management platforms and other thoughtful services to our customers. Our LifeEasy service, a personalized automatic asset rebalancing service, was launched in 2008 – long before target date funds gained popularity. Our e-platform plus the recently launched smart-phone app will also allow our customers to manage their MPF investments at their fingertips.”

Ms Tse describes the AIA customer value proposition as a promise to customers. “It represents who we are, what we strive for and what our customers can expect from our retirement products and services. It forms the centre of our business strategy and we strongly believe it will set us apart from other retirement service providers and lead us to greater heights in the future.”
– Kapila Bandara

FAST FACTS
• AIA Pension and Trustee Co. Ltd. is a member of AIA Group Limited. 

• AIA Group Limitedand its subsidiaries comprise the largest independent publicly listed pan-Asian life insurance group in the world. 

• AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code 1299. 

AIA LAUNCHES VALUE PROPOSITION TO CUSTOMER

Today AIA  announced the launch of its value proposition to customers – a promise and commitment of what customers can expect from AIA’s MPF services. To demonstrate its customer value proposition, AIA is also announcing the launch of a series of low-fee constituent funds and fee reductions for some of its existing constituent funds, effective 23 September 2011.

AIA’s value proposition to customers is this: “By providing MPF offerings with great value, choice and simplicity, we aim at helping our customers realise their retirement dreams”. It comprises three core components – Value, Choice and Simplicity which add up to the total offerings that customers
can benefit from choosing AIA’s MPF services.

Explaining the core component of  “Value”, Ms. Bonnie Tse, Chief Executive Officer of American International Assurance Company (Trustee) Limited, said, “By providing value-for-money MPF offerings and striving for respectable investment performance, we endeavor to ensure that every
cent of our customers works toward their prosperous retirement future.”

To demonstrate this commitment to customers, AIA will be adding a series of low-fee constituent funds, including Asian Bond Fund, American Fund, Eurasia Fund  and Hong Kong and China Fund, with management fees of up to 0.99% per annum of net asset value at constituent fund level to its existing MPF schemes. At the same time, the management fees of Global Bond Fund, MPF Conservative Fund, and  World Equity Fund under the existing MPF schemes will also be reduced to 0.99% per annum of net asset value at constituent fund level. The new constituent funds and fee reductions will commence on 23 September 2011.

Ms. Tse further explained, “Another advantage of adding the new low-fee constituent funds to our  existing MPF schemes is that both new customers and existing members can enjoy them. Moreover, the Fund Expense Ratio of Manager’s Choice Fund, World Equity Fund and Global Bond Fund in the categories of mixed assets fund, equity fund and bond fund respectively are the lowest in the market. These three fund categories comprise almost 80% of the aggregate net asset value of the approved constituent funds of MPF schemes in the market. Such distinctions are practical examples of our commitment to offering value-for-money MPF services.”

The second core component of  “Choice” is evident in AIA’s long-standing efforts to pursue multimanager strategies and enrich investment choices. “We believe a real choice of funds is founded on freedom – the freedom to choose and to switch.  Over the years, we have been pursuing multimanager strategies and striving hard to select first-class investment managers from around the globe. This open framework enables our customers to diversify their investments among constituent funds managed by different investment managers with varying styles, and to switch their investment choices within as little as one day, without having to switch schemes.”

Ms. Tse added, “After adding the said four new low-fee constituent funds, our MPF platform will contain a total of 25 constituent funds designed to suit a range of needs, whether customers prefer the ‘do-it-for-me’ or ‘do-it-myself’ approach to investing. Recently, we also developed a simple yet useful fund selection matrix to help our customers make the investment choices that might suit their individual investment approach and risk appetites.” The essence of the third component of “Simplicity” is to offer hassle-free and convenient services to customers, enabling them to manage their MPF and grow their retirement nest egg with ease. “Over the years, we have offered hassle-free investment reallocation service, various convenient account management platforms and other thoughtful services to our customers. Our LifeEasy service, a personalised automatic asset rebalancing service, was launched in 2008 – long before target date funds gained popularity. Our e-platform plus the soon-to-launch smartphone app will also
allow our customers to manage their MPF investments at their fingertips.” 

Ms. Tse concluded, “Our customer value proposition stands as a promise to our customers. It
represents who we are, what we strive for and what our customers can expect from our MPF
products and services. It forms the center of our business strategy and we strongly believe it will set
us apart from other MPF service providers and lead us to greater heights in the future.” 

AIA rolls out two critical illness protection plans

AIA Hong Kong and Macau has introduced two new critical illness protection plans.

The new plans – "Executive Care Pro" and "Multiple Care Pro" – provide the range of coverage up to 61 critical illnesses and specified illnesses with protection up to $1,000,000 per life. These two plans also offer up to five choices of premium payment terms while providing guaranteed cash value, non-guaranteed annual dividends and a non-guaranteed maturity dividend.

AIA Hong Kong and Macau, a member of the AIA Group, cited a study of 2008 cancer statistics from Hong Kong Cancer Registry, Hospital Authority that one out of five people in Hong Kong is at serious risk of contracting cancer before turning 75. Official data also found the number of cancer patients requiring hospitalisation jumped 56% from 2005 to 2009 with a total of over 490,000 hospitalised cancer patients during the same period.

友邦保險「泰然」「多重」危疾保

友邦保險(AIA)新推「泰然安心保」及「多重安心保」,為客戶提供多至61種危疾和指定疾病的保障,兼具儲蓄特點。上述計劃設有高達100萬美元的個人危疾賠償保障,並提供5種保費年期選擇,讓客戶最短可於5年內完成供款,獲得終身壽險及危疾保障。同時,當受保人被診斷罹患嚴重疾病而獲賠償後,基本保費即獲豁免。

AIA lowers MPF fees

Move may trigger new round of cuts

AIA announced on Wednesday that it will slash the management fees for mandatory provident funds (MPF), a move some analysts say could trigger a new round of fee cuts, benefiting MPF members.

In a move to lure customers, the Asia-focused insurer will introduce a series of low-fee funds, including a bond fund and three equity funds, with management fees of up to 0.99 percent per annum of their net asset value (NAV) at the constituent fund level.

Meanwhile, the management fees of Global Bond Fund, MPF Conservative Fund and World Equity Fund under the existing MPF schemes will also be reduced to the same level.

Mathew Kwok, China division vice-president at Taifook Securities Ltd, said he expected that other MPF service providers will follow suit and cut fees.

"The level of fees of MPF schemes in Hong Kong is quite high," Kwok said. "Now that AIA has taken the lead in lowering its management fees, I expect to see many others do the same thing."

For the 165 equity funds under the MPF schemes, the average fund expense ratio (FER) currently stands at 1.91 percent. For the 212 mixed assets MPF funds, the average FER is 2 percent.

Management fees vary with different funds and insurers. Take AIA for example, its equity funds other than the aforementioned low-cost ones, such as Greater China Equity Fund and Hong Kong Equity Fund, charge a management fee of 1.75 percent of NAV per annum at constituent fund level.

Hong Kong Equity Fund of Manulife, another insurer, carries a management fee of 1.9 percent of NAV per annum. Management fees at ING’s MPF Comprehensive Scheme Hong Kong Equity Portfolio are 2.08-2.135 percent of NAV per annum.

"After adding the four new low-fee constituent funds, our MPF platform will contain a total of 25 constituent funds designed to suit a range of different needs," Bonnie Tse, senior vice president and managing director of AIA Pension and Trustee Co Ltd, said at a media briefing Wednesday.

Kwok of Taifook Securities Ltd said that he believed that the launch of the low-fee funds will help AIA gain customers.

Patrick Yiu, associate director of asset management at CASH Asset Management Limited, said that lower management fees wouldn’t guarantee more customers, however. What matters, he noted, is the performance of the individual funds.

"People choose funds not by the management fees the funds charge but by the past performance of the funds," said Yiu. The performance, or the rate of return, according to Yiu, depends on how wisely the assets are allocated.

Fund tracker Lipper’s data shows that the average rate of return of all MPF funds through the first seven months of this year was 1.58 percent. For July, the average rate of return was 0.18 percent, following a negative 1.54 percent in June.

AIA adds four low-fee MPFs, cuts prices for existing funds

American International Assurance Company (Trustee) (AIA) is to introduce four low-fee MPFs and cut the prices for its three existing funds, effective 23 September 2011.

The four new MPFs – Asian Bond Fund, American Fund, Eurasia Fund and, Hong Kong and China Fund – will carry management fees of up to 0.99% per annum. The new launches will take the firm’s total number of MPF to 25.

The company has also announced a cut in the management fees for its three existing funds – Global Bond Fund, MPF Conservative Fund and World Equity Fund – from 1.75% to 0.99% per year.

Bonnie Tse, chief executive officer, said the new fixed income fund will be managed by J.P Morgan Asset Management, while PineBridge Investments will serve as the asset manager for the three equity MPFs which will mainly invest in ETFs.

AIA, the third largest MPF provider in Hong Kong, currently has a 10% market share with more than 700,000 MPF members.

Tse expects the new launches and fee reductions could help to attract more MPF members thus increasing its market share once member choice comes into practice next year. However, she declined to give a target.

These moves follow AIA’s recent announcement that it was re-naming its existing three MPF schemes.

保誠 友邦 宏利 3大保險股比高低

今天恒指大家庭增加兩名生力軍-友邦 (01299)及恒安(01044),而前者更將佔恒指比重3.59%,較中石油(00857)、中國人壽(02628)等大型國企所佔比重還要高。友邦 多了恒指新成員的「光環」,其股價會否再上層樓仍是未知之數,但肯定的是,透過比較同業宏利(00945)及保誠(02378),大家可更了解這新貴的投 資價值。

保誠多賺逾倍最勁

友邦去年度純利27億美元(約 210億港元),按年升53.9%;今年度首季年度化新保費收入按年升17%,均較市場預期為佳。保誠去年度純利大幅上升1.12倍至14.31億英鎊 (約181億港元),更遠超市場預期,今年首季集團新業務利潤亦升17%,銷售再創新高。相反,宏利「獨見憔悴」,即使去年第四季盈利創紀錄,但全年仍錄 得虧損3.91億加元(約31億港元);今年首季亦少賺約19%。單計去年度純利增幅,保誠稍勝一籌。

友邦股價漲28%贏大市

無 疑,業績的好壞直接影響股價的升跌。友邦業績報捷帶動股價做好,配合近期市場炒作恒指新貴,友邦上周五創28.15元上市以來新高,股價年內升逾28%亦 大幅跑贏大市。同樣,保誠在宣布去年賺逾倍後,單日一度急升13%進身百元紅底股,年初至今亦有12.9%升幅。宏利則無復當年高價股王地位,年內微跌 0.15%,今年高位為二月時的150.2元。

友邦受惠亞太增長

新 鴻基金融集團分析員蘇沛豐指,要比較保險股的增長潛力,可先看新業務價值增長速度。他預期今年友邦、保誠及宏利的新業務價值增長分別可達20%、16至 17%,及7至8%。再者,亞洲保險市場滲透率低,增長潛力大是市場共識,而友邦100%業務遍及15個亞太區市場,較專注歐美市場的保誠及宏利,更能受 惠亞洲區內的增長。

宏利派息較穩定

不少長線投資者喜愛收集保 險股,正因它們有通常不俗的股息率。上市最久的宏利就有穩定的派息,就算去年錄得虧損,近季仍能保持每季派發0.13加元(約1港元)股息,股息率 3.14%。而保誠為每半年派息一次,去年因大賺而派17.24便士(約2.18港元)末期息,令股息率拉高至3.61%,但仍需時間證明可否維持。上市 年資最輕的友邦則暫未派息,並表示要待今年七月底業績會後才會公布派息政策。此回合宏利因派息穩定而稍勝保誠。

宏利估值最便宜

宏 利因去年業績見紅而沒有市盈率,惟據彭博社資料顯示,宏利、保誠及友邦的預測市盈率分別為10.4倍、10.8倍及18.4倍,以宏利的估值最低。蘇沛豐 補充,比較保險股估值不妨用股價相對內涵價值(P/EV),宏利、保誠及友邦分別為0.75倍、1倍及1.75倍,同樣以數值最低的宏利最便宜。

保誠評級佳上望108

受 大行青睞往往成為股價上升催化劑。據彭博社綜合大行報告,為保誠、友邦及宏利給予買入評級的比例分別為70%、54%及47%,平均目標價分別為108 元、26.9元及154元。以現價計,保誠及宏利分別尚有約18%及16%升幅,友邦就似乎有點「炒過龍」。今回合以「得寵比率」最高的保誠勝出。