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  1. Wealthy Hongkongers a 'nevertiree' breed

    Posted Oct 09th 2010, 12:00am by Toh Han Shih

    ... Kong, about retirement and later life plans. Seventy per cent of the Hong Kong respondents said they planned to work part-time upon retirement, though 74 per cent were confident of having enough money to stop working. That figure was below the 79.8 per cent of wealthy Australians who planned to work part-time after retirement but above the global percentage of 68.1 per cent, ...

  2. Retirement no reason to give up the day job

    Posted Dec 13th 2010, 12:00am by Chris Davis

    ... early in life with plans to enjoy it at retirement, we find a completely new attitude among the wealthy today,' Chu said. 'They are a more active generation who want to challenge ... Chris Davis For many, retirement is looked upon as a time to have the freedom to rest, travel or pursue hobbies, while for others it opens the way for numerous possibilities, including ...

  3. Employers tap HK$12b from MPF

    Posted Mar 04th 2010, 12:00am by Paggie Leung

    ... sparked calls from lawmakers to scrap the policy that allows money in the retirement accounts to be used for such payments. Under the Mandatory Provident Fund Schemes Ordinance, an employer can ... financial security for a worker in his retirement years,' Lee Cheuk-yan, a legislator and general secretary of the Confederation of Trade Unions, said. 'A worker may end up getting almost ...

  4. Pensions to rise 10pc in bid to close wealth gap

    Posted Dec 24th 2010, 12:00am by Staff Reporter

    ... Zhuang Pinghui The pensions of retired employees will be increased by 10 per cent from next year as one of the government's measures to narrow the wealth gap and ease inflation's ... 15 years. Employees from all sorts of companies are theoretically entitled to join the retirement pension scheme for employees, although many companies ignore the law. The government has ...

  5. MPF a flop for workers and a rip-off by employers

    Posted Mar 07th 2010, 12:00am by Staff Reporter

    ... by the time they retire. But what is less known is that the fund has also been used as a perfectly legal, if indirect, subsidy to bosses who sack staff. According to government figures released ... is that they need to be forced to save, accumulate and invest a part of their salaries for retirement. But this restriction does not apply to bosses, at least when it comes to handing out pink slips. ...

  6. Failed MPF scheme should be wound up

    Posted Sep 12th 2010, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp Six in every 10 Hong Kong people believe that the Mandatory Provident Fund fails to address their retirement needs, a Hong Kong Polytechnic University survey has ... to live on in retirement? I wouldn't have thought it possible, I mean that so many people should believe this. It certainly isn't possible to get enough back from the MPF for retirement ...

  7. Employees deserve say on MPF, and soon

    Posted Oct 02nd 2010, 12:00am by Staff Reporter

    ... is needed to provide basic financial security in retirement to an ageing population that is living active lives for longer. And excessive fees and other costs and charges levied by fund managers can ... this flaw. From next year, employees were to be able to direct half their retirement savings- their own contributions- to a fund manager of their own choice, rather than accepting one chosen ...

  8. As Hongkongers age, those retirement days seem a long way off

    Posted Jun 29th 2010, 12:00am by Enoch Yiu

    ... of huge budget deficits and ageing populations. Germany has decided to gradually lift its retirement age to 67 from 65. In Britain, the government has accelerated plans to increase the state ... Enoch Yiu Fancy sunbathing in the Mediterranean or at a hot spring in Japan? Take a few days off and do it now, because your retirement is likely to be a long way off. As White Collar has ...

  9. Think HK$4m is enough to retire on? Maybe, if you stay perfectly healthy

    Posted Mar 25th 2010, 12:00am by Martin Wong

    ... Martin Wong If you are planning your retirement fund, HK$4.3 million might just be enough as long as you stay healthy, according to an international financial services organisation. But most Hongkongers are unprepared for retirement, with a big gap between their actual financial needs and planned savings, Sun Life Financial says. In a survey, the company found that retirement ...

  10. Accidental public servant throws herself into early retirement

    Posted Dec 04th 2010, 12:00am by Staff Reporter

    ... Phyllis Tsang 'Let go' was the meaning of the piece of Chinese calligraphy penned by Dr Helen Chan Wing-mui as she spoke about her retirement plans, and that is exactly what she ... years ahead of the regular retirement age. She says she wants to pursue her personal interests in Buddhism, Chinese painting, calligraphy and the stringed musical instrument huqin. Chan, ...




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