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  • November 27, 2014
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  1. 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, ...

  2. News - Hong Kong - LABOUR

    Police rehiring plan may derail talks on raising retirement age, unions fear

    Posted Jul 20th 2014, 06:06am by Lana Lam

    ... plan angers unions Police chiefs have moved quickly to quell anger among unions over a controversial move to rehire retired officers on short-term contracts. Several police unions last week expressed shock about the hiring plan, accusing management of failing to consult them and claiming the move undermined talks on raising the mandatory retirement age of 55. The unions' concerns ...

  3. Lifestyle - Family & Education

    Pointers to planning ahead financially for your retirement

    Posted Nov 04th 2012, 12:00am by Elaine Yau

    ... Elaine Yau elaine.yau@scmp.com Pointers to planning ahead financially for your retirement With three properties under his belt, Mak Hon-kai, 73, is enjoying a comfortable retirement ... and accumulate profits to tide me over until I die." Mak's prescience in retirement planning is uncommon among locals. A survey commissioned by Hang Seng Bank in 2008 showed that 50 per cent ...

  4. Magazines - Post Magazine

    Coming home: John Rocha plans to spend time in Hong Kong after retiring from fashion circuit

    Posted Aug 30th 2014, 11:31pm by Francesca Fearon

    ... on the catwalk. In May, the designer stunned the industry by announcing his retirement from the fashion circuit. Next month, his name will be missing from the London Fashion Week schedule, although his ... in which he struggled and didn't have the money to visit his family. Now, the designer is planning to spend six weeks a year in Hong Kong, starting in November, when he'll visit ...

  5. Smart money

    Posted Jul 09th 2012, 12:00am

    ... Peter Guy moneypost@scmp.com Resources for retirement planning in volatile markets dailyreckoning.com.au Retirement was something you were supposed to have sorted out by now. But the performance of markets since late 1997 has made a mess of many people's retirement plans. The independent site looks at investing during turbulent times, such as sovereign debt crises. Although ...

  6. Business - Money - THE WEEK EXPLAINED

    The Week Explained: Investing in old age

    Posted Dec 17th 2012, 12:00am by Stephen Vines

    ... and not replaced by other plans offering them a cut. All too often elderly investors pour years of savings into new schemes on retirement when what they really need is not yet more delayed realisation ... person's regular income. Extra planning is essential. However, the virtues of planning can be overstressed in Hong Kong where, unlike in most jurisdictions, moving cash into retirement funds ...

  7. Plan needs improving to give workers a better retirement

    Posted May 10th 2006, 12:00am by Staff Reporter

    ... will change so that fund managers, employers and employees can plan ahead. The MPF pays out in a lump sum upon retirement, a practice that investment professionals say leaves employees with some tough ... to do before it can provide a comprehensive pension plan for all of Hong Kong's employees, according to investment professionals. While yesterday's Executive Council approval ...

  8. How to grow old comfortably

    Posted Feb 04th 2006, 12:00am by Chris Davis

    ... Demand is growing for professional advice on planning for a secure retirement, writes Chris Davis THOUGHTS OF retirement are often accompanied by images of relaxing on sandy beaches, ... the catalyst for the expansion of the financial planning industry had been the government's decision to introduce a compulsory pension scheme. The plan has forced people to consider retirement ...

  9. Retirees fare poorly in income stakes

    Posted Mar 16th 2006, 12:00am by Agnes Lam

    ... at $18,008. The poll also found that 62 per cent of the 314 working people interviewed in Hong Kong had a retirement plan and began saving on average at the age of 32. Despite Hong Kong's lowest ... workers understood the importance of early retirement planning but did not map their retirement life thoroughly. 'It is good to see that Hong Kong people are preparing their retirement ...

  10. 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 ...




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