What did Fidelity’s 2010 survey find?
Fidelity’s 2010 retirement index scored Hongkongers just 54 out of 100, with 67% of respondents expecting inadequate income replacement after retirement. Long lives plus short savings meant a big retirement gap.
Why so poor?
Low MPF contribution rates, fees eating returns, members not managing accounts — plus rising medical costs widening the gap.
What can workers do?
Plan early, pick low-fee steady funds, review regularly. Start at MPF fund comparison.
Related articles
View all
1.16 million to 2.37 million: in 20 years, one in three Hongkongers will be elderly
The baby-boom generation is entering retirement, and population ageing has...
Hong Kong workers face a HK$2 million retirement gap as life expectancy stretches, HKIFA survey finds
The typical Hong Kong employee will fall short of the savings needed to...
Hongkongers raise their ideal retirement nest egg to HK$5.18 million — but six in ten still expect to fall short
To live the retirement of their dreams, Hongkongers say they must first save...