Fidelity survey highlights alarming savings rate in Hong Kong

Investment manager says MPF contributions need to rise to ensure Hong Kongers avoid poverty in old age.

The Hong Kong government should consider increasing mandatory contributions to the Mandatory Provident Fund MPF as a way of heading off a growing pension crisis in the region, according to FidelityƆs head of institutional investments in Hong Kong, Nick Rogers.

Speaking at the release of the first ever Fidelity Retirement Readiness Indicators survey, Rogers says increasing mandatory contribution levels would be the most obvious way of easing a pensions problem that has already hit may Western countries, and which is...

To continue reading, please login or register for free

Click for more on: mpf | contributions | pensions | retirement

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...