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Person, Human, People

40 years of hard work, for a lifetime of fulfillment.

You may find the idea of a stress-free retirement very appealing. You will then be free to explore the world or indulge in your interests.
Hk pruretirement enriched income coins with clock

PRURetirement Deferred Annuity Plan

Plan early with the simple way to a regular annuity

Are you prepared to enjoy your retirement with the lifestyle you want?

How much do you need for your retirement reserves?

Lifestyle after retirement

Reserve for retirement

Monthly spending* in Hong Kong can be divided into four groups, for a general indication of household expenditures today. With inflation considerations, this will shed some light on your likely monthly retirement costs.

Logo, Trademark, Symbol

Basic

HK$10,000

per month

Van, Vehicle, Transportation

Moderate

HK$20,000

per month

Car, Automobile, Vehicle

Carefree

HK$30,000

per month

Transportation, Vehicle, Aircraft

Affluent

HK$62,000

per month

Another simple way to calculate retirement cost is to apply The rule of 300^. Simply take your current monthly expenses and multiply that amount by 300. The amount you get is how much you'll need to have saved to keep living the lifestyle you currently live when you retire.

Logo, Trademark, Symbol

Basic

HK$3 million

Van, Vehicle, Transportation

Moderate

HK$6 million

Car, Automobile, Vehicle

Carefree

HK$9 million

Transportation, Vehicle, Aircraft

Affluent

HK$18.6 million

Tailored solutions to help you plan

Navigating the market while planning your retirement can be time-consuming. We have designed retirement solutions catered to your common evolving needs: to save toward your retirement pot, to get ready to retire, and to enjoy your retirement with regular income.

Person, Reading, People

Save

Protect and grow your retirement reserve

25 to 55 years old

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Reading, Person, Human

Shift

Getting ready to retire

56 to 65 years

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Person, Human, People

Spend

Generate income and preserve your wealth

> 65 years old

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Grow and Protect

General objectives

Investment

  • Focus on growth
  • Longer investment horizon
  • Consideration for inflation

Insurance

  • Protect your savings
  • Steadily grow over time
  • Get regular income later in retirement
Sphere, Plot, Text

Complement with MPF via exclusive partnership with Manulife
Largest market share *, most diversified fund platform# and for post-retirement safety net

*Source: “Mercer MPF Market Shares Report” as at December 31, 2020 by Mercer (Hong Kong) Limited, in terms of market share of total MPF assets by scheme sponsor.
# Source: Mandatory Provident Fund Schemes Authority’s MPF Fund Platform as at August 11, 2020, in terms of the number of constituent funds of an MPF scheme.

Shift into Spend Mode

General objectives

Investment

  • Focus on total return
  • Shorter investment horizon
  • Consideration for inflation

Insurance

  • Preserve your savings
  • Steadily grow over time
  • Get regular income later in retirement
Sphere, Nature, Outdoors

Complement with MPF via exclusive partnership with Manulife
Largest market share *, most diversified fund platform# and for post-retirement safety net

*Source: “Mercer MPF Market Shares Report” as at December 31, 2020 by Mercer (Hong Kong) Limited, in terms of market share of total MPF assets by scheme sponsor.
# Source: Mandatory Provident Fund Schemes Authority’s MPF Fund Platform as at August 11, 2020, in terms of the number of constituent funds of an MPF scheme.

Spending during Retirement

General objectives

Investment

  • Focus on income
  • Minimise capital loss
  • Consideration for inflation

Insurance

  • Preserve your savings
  • Steadily grow over time
  • Get regular income
Sphere, Planetarium, Building

Complement with MPF via exclusive partnership with Manulife
Largest market share *, most diversified fund platform# and for post-retirement safety net

*Source: “Mercer MPF Market Shares Report” as at December 31, 2020 by Mercer (Hong Kong) Limited, in terms of market share of total MPF assets by scheme sponsor.
# Source: Mandatory Provident Fund Schemes Authority’s MPF Fund Platform as at August 11, 2020, in terms of the number of constituent funds of an MPF scheme.

How to earn regular income after retirement

INVESTMENT WITH REGULAR INCOME

  • Some investment could provide investors with regular income via dividend distribution
    • Generally designed to be income-oriented and well diversified to achieve balanced risks
    • Different products have different dividend policies.
    • Frequency and pay out rate varies and subject to discretion of the management company.
  • Regular income through dividend pay-out from your MPF
    • MPF is a long-term investment during your working years.
    • It’s always better to proactively manage your MPF account and consult with professionals when necessary.

INSURANCE SOLUTIONS THAT OFFER GUARANTEED PAYMENTS IN RETIREMENT

  • Several long-term insurance product to help a policyholder to covert savings into a steady stream of income.
    • Start earlier to accumulate over time with PRURetirement Deferred Annuity:
      • Deferred Annuity has an accumulation phase, whereas a policyholder can pay premiums by regular instalments (e.g. over 5 or 10 years), which are then invested and accumulated. A policyholder will start receiving the annuity pay outs after a certain period of time (e.g. retirement).
      • Deferred Annuity offers a wide range of benefits that may include:
        • Create guaranteed income
        • Help protect future income from market downturns
        • Tax benefit from Qualifying Deferred Annuity Policy (“QDAP”)
        • Provide a beneficiary benefit for loved ones

Disclaimer

Sources

*Source: 2015 Expenditure report from HK Census and Statistics Department, with CPI calculations from 2016 – 2020.

^Source: “Plan your retirement spending with the rule of 300 by Lam Pun Lee” AM730. November 30, 2012.

**Source: Standard Chartered Wealth Expectancy Report 2019” Standard Chartered Bank. January 22, 2020.

Risk Disclosure Statement

  • Investment involves risks. The prices of investment products fluctuate, sometimes dramatically and the worst case may result in loss of your entire investment amount. Past performance is no guide to its future performance.
  • Investors should read the terms and conditions contained in the relevant offering documents and in particular the investment policies and the risk factors and latest financial results information carefully and are advised to seek independent professional advice before making any investment decision.
  • Investors should consider their own investment objectives, investment experience, financial situation and risk tolerance level.

Disclaimer and Important Notes of Life Insurance

  • This webpage is intended to be valid in Hong Kong only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. Standard Chartered does not offer or sell any insurance product in any jurisdictions outside Hong Kong in which such offering or sale of the insurance product is illegal under the laws of such jurisdictions. This webpage does not constitute a contract of insurance or an offer, invitations or recommendation to any person to enter into any contract of insurance or any transaction described therein or any similar transaction.
  • The material and information contained on this webpage should be read in conjunction with the relevant product brochure and for the risk disclosure, please refer to the product brochure.

Disclaimer for MPF

  • Standard Chartered Bank (Hong Kong) Limited is a distributor of the MPF scheme, a product of Manulife (International) Limited (Incorporated in Bermuda with limited liability).
  • Investment involves risk. Price of units of any constituent funds and the income from them may go down as well as up. Past performance is not an indicative of future performance. Before making any investment decision to invest in a scheme, members should read the MPF Scheme Brochure for more detailed information (including risk factors, fees and charges) on the scheme and its constituent funds. Investors should ensure they fully understand the risks associated with the scheme and should also consider their own investment objective and risk tolerance level. If in doubt, please seek independent financial and professional advice.
  • This webpage does not constitute any offer, invitations or recommendation to any person to enter into any scheme or any transaction described therein or any similar transaction. This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

Notes

  • This webpage is for your information only.
  • Investing can be complex due to changing market conditions. You have your own personal circumstances, specific needs and investment objectives. You may also hold assets elsewhere. These factors, which can change from time to time, and your holdings held elsewhere have not been factored in.
  • Notwithstanding any discussion with your Relationship Manager, before deciding to proceed with any investment transaction, you should make an independent assessment about the risks, merits and appropriateness of each investment transaction, and seek independent professional advice.
  • We are not providing portfolio monitoring services and are not obliged to review, manage or monitor the performance of your investment holdings.
  • This webpage does not constitute any prediction of likely future price movements.
  • Investors should not make investment decisions based on this webpage alone.
  • This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.