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  • April 19, 2014
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  1. Comment - Insight & Opinion

    Civil Service must cut the bureaucracy for new retirement plan to work

    Posted Apr 14th 2014, 04:28am by Mike Rowse

    ... Mike Rowse Mike Rowse fears new proposals for civil servants are too complex Cut out the bureaucracy for retirement policy to work I fear the Civil Service Bureau might make a mess of implementing what is basically a very sensible policy. First, the good news. The proposal to raise the normal retirement age for future recruits from 60 to 65 is eminently reasonable. Some people may ...

  2. Business - Money - RETIREMENT

    Pensioners get ready for flight

    Posted May 06th 2013, 12:00am by TIFFANY AP

    ... Planning for retirement is daunting. It is made more complicated in Hong Kong because there is no effective state-funded pension plan and the cost of living is astronomical. People planning ... and how best to plan for the years when you have no salary and potentially high medical and insurance costs. In that vein, we asked people who are either retired or are about to retire ...

  3. News - Hong Kong - EMPLOYMENT

    Retirement age of new Hong Kong civil servants to rise to 65 under new plans

    Posted Apr 03rd 2014, 04:32pm by Phila Siu

    ... at 65' plan for civil servants The retirement age of newly hired civil servants will be extended from 60 to 65 under a government plan to tackle the ageing population and shrinking workforce. ... if they passed a series of assessments and physical tests. The Civil Service Bureau also plans to make it easier for employees to work in the private sector after retirement. The government is Hong ...

  4. News - Hong Kong - CIVIL SERVICE

    Plan to extend civil service retirement age sparks fears of favouritism

    Posted Apr 05th 2014, 04:55am by Stuart Lau

    ... Stuart Lau stuart.lau@scmp.com Favouritism fears over extending retirement age Civil servants fear a plan to give them the option of working an extra five years beyond the retirement age of 60 could give rise to favouritism. The Civil Service Bureau on Thursday embarked on a public consultation on whether to increase the official retirement age for new staff from 60 to 65, ...

  5. Business - Money - ASK MELANIE

    Ask Melanie: Can you retire on HK$10m?

    Posted Oct 15th 2012, 12:00am by Melanie Nutbeam

    ... the purchasing power of your income over your retirement years will be in decline. Your returns are sparse given the higher levels of risk with such concentrated holdings. You're planning to hold ... retire on HK$10m? My wife and I will retire in a couple of years and will live off investments worth about HK$10 million. We aim to replace our salaries with dividends from blue chip stocks (30 ...

  6. News - Hong Kong - LABOUR

    Three in five Hongkongers can't afford their desired lifestyles after retirement

    Posted Apr 08th 2014, 04:05am by Phila Siu

    ... their retirement plans. Instead, they will have to delay retirement by an average of eight years or cut their desired living expenses by 57 per cent to HK$4,705 a month, pollsters say. "Perhaps ... Phila Siu phila.siu@scmp.com Living it up after retiring? Not likely About three in five Hongkongers will not have built a retirement nest egg fit for funding their desired lifestyles ...

  7. Comment - Insight & Opinion

    Higher retirement age for civil servants mustn't harm public interest

    Posted Apr 07th 2014, 06:02pm by Joseph Wong

    ... Joseph Wong Joseph Wong applauds the government's plan to raise the retirement age for civil servants, but says the conditions set for the new limits must be clearly spelled out ... in three expected to reach 65 and above by 2041. Against this background, it makes sense for the government to propose a higher retirement age for recruits. The plan is to raise the limit to 65 ...

  8. Grappling with grey power

    Posted Oct 29th 2008, 12:00am by Staff Reporter

    ... 'But, for those who reach 70 by 2033, they are among the bulk of the current working population who are much better off financially; most have long planned for their future retirement ... other concerns. 'The government should review the planning of services for the elderly, including long-term care, retirement protection and housing support,' said David Fung Kai-man, ...

  9. Business - Comment - LAI SEE

    Anthony Bolton retires with unfond memories of China

    Posted Apr 03rd 2014, 05:16am by Howard Winn

    ... surprise from older hands here who felt he didn't have enough knowledge of the market to succeed in the short term. He retired from Fidelity at the end of March. At a function to mark his retirement Bolton criticised standards of corporate governance on the mainland. Initially he thought corporate governance issues in China were about whether the chairman and the chief executive ...

  10. Comment - Insight & Opinion

    Poverty in old age a future we must avert

    Posted Feb 27th 2013, 12:00am by LOUISA CHEANG

    ... Louisa Cheang Louisa Cheang says people must be persuaded to plan for retirement For too many, a future of poverty in old age beckons Retirement is supposed to be a carefree time ... starting to run out of money just as their medical bills and care costs start to mount in earnest. The report surveyed 15,000 people in 15 countries on their retirement plans. Over half the people ...




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