ORSO Services and Fund Performance - Hang Seng Pooled Provident Plan

Hang Seng Pooled Provident Plan

• Hang Seng Pooled Provident Plan (HSPPP) is a pooled occupational retirement scheme set up on 30 November 1995 in Hong Kong.
• The HSPPP together with all its Investment Portfolios are constituted in the form of an insurance policy issued by Hang Seng Insurance Company Limited (HSIC). Your investments are therefore subject to the credit risks of HSIC.
• The benefit payments of your employees are calculated with reference to the fluctuation of the performance of the Investment Portfolios subject to the terms and conditions of HSPPP. Each of the Investment Portfolios has its own investment objectives and associated risks.
• An employer may choose to put in place a trust arrangement in respect of its participation in HSPPP. However, even with the set up of a trust arrangement, the appointed trustee will only be holding an insurance policy issued by HSIC and your investments are still subject to the credit risks of HSIC.
• Whether or not a trust arrangement is set up, HSPPP and all its Investment Portfolios are constituted in the form of an insurance policy and therefore you are not investing in the underlying investment funds/assets and you do not have any rights or ownership over the underlying investment funds/assets of HSPPP.
• If a trust arrangement is set up in respect of your participation, such arrangement is governed by the provisions of the trust deed and, to the extent expressly incorporated into such trust deed by reference, the relevant insurance policy.
• The guarantee of the Capital Assurance Fund is also given by HSIC. Your investments in the Capital Assurance Fund, if any, are therefore subject to the credit risks of HSIC.
• The guarantee of the Capital Assurance Fund is subject to the relevant guarantee features. Please refer to the Investment Portfolio Fact Sheet of the Capital Assurance Fund for full details of the relevant guarantee features and conditions.
• You should consider your own risk tolerance level and financial circumstances before choosing any Investment Portfolio. When, in your selection of Investment Portfolios, you are in doubt as to whether a certain Investment Portfolio is suitable for you (including whether it is consistent with your investment objectives), you should seek independent financial and/or professional advice and choose the Investment Portfolio(s) most suitable for you taking into account your circumstances.
• You should not invest based on the information shown on this webpage alone and should read the ‘Principal Brochure’ of Hang Seng Pooled Provident Plan.
• Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features, risks and fees and charges involved, please refer to the 'Principal Brochure'.