IFA to tackle some, not all, retirement issues

Hong Kong''s funds industry is setting a technocratic reform agenda but shying from bigger policy issues.

At the beginning of the year, the Hong Kong Investment Funds Association IFA commissioned a paper to develop an optimal model on retirement income policy for the Territory, which on present trends faces a nightmare of demographic ageing. The Mandatory Provident Fund MPF system implemented in 2001 is widely viewed as a reasonable start, but totally insufficient to allow most Hong Kongers to retire in dignity and financial security.

The paper, done by the Gadbury Group,...

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