Strong MPF Gains Offer Relief to Hong Kong Pensioners but Challenges Remain - PRESS AI WORLD
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Strong MPF Gains Offer Relief to Hong Kong Pensioners but Challenges Remain

share-iconTuesday, January 07 comment-icon2 weeks ago 10 views
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Strong MPF Gains Offer Relief to Hong Kong Pensioners but Challenges Remain

Credited from: SCMP

  • Hong Kong’s Mandatory Provident Fund (MPF) is projected to achieve its best performance in four years in 2024, following a dismal 2022.
  • This year, the MPF reported gains exceeding HK$102.8 billion, attributed mainly to strong stock fund performances.
  • Despite these gains, the average MPF savings of HK$258,000 per member remain inadequate for a decent living standard.
  • Most analysts expect the MPF's positive trajectory to continue, fueled by investor interest in riskier assets.
  • A significant HK$2.4 million shortfall in expected retirement funds highlights ongoing challenges, leading many to anticipate working past retirement age.

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Owen Reflect

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