Here we go again. Some legislators have sought to hijack the governance of Hong Kong by demanding a quick fix to retirement protection through the introduction of a universal pension. If only the solution were that easy and made financial sense.Friday, 10 May, 2013, 8:53am
Asia's expanding pool of private savings and a need to fund the retirement of the region's ageing population have prompted the world's biggest bond fund to expand its regional presence.6 May 2013 - 3:34am
It’s not looking good for Asia’s retirees, according to HSBC. They face eight years of hardship after their savings run out, according to the bank’s Future of Retirement Survey 2013. And many oldies expect to fund their twilight years with savings, the bank finds. Now banks really hate that. No chargeable fees there.21 Feb 2013 - 2:46pm
When employees were allowed in November last year to begin choosing their own MPF pension providers, many believed it would lead to lower management fees. But, instead, the charges rose last month.19 Feb 2013 - 4:57am
The Japanese Olympic Committee says it will investigate the alleged abuse of elite female judo competitors by former national coach Ryuji Sonoda, and broaden the investigation to other sports.3 Feb 2013 - 4:00am
Hong Kong workers have long complained that they are paying unnecessarily high fees and charges on their Mandatory Provident Fund savings. The Mandatory Provident Fund Schemes Authority has conducted a cost study and given the government ideas about how to cut these overheads.24 Jan 2013 - 2:40am
In 2010, Li (who asked that her full name not be revealed) started a new job with a higher salary. Her wealth planner, who worked for a global bank, advised Li to invest in a pension plan sold by a major insurance firm.
She agreed to the idea and committed to pay US$4,200 a month into a five-year pension investment.17 Dec 2012 - 5:31am
Crushed by an austerity squeeze and towering unemployment, millions of Europeans joined the ranks of the newly poor this year in a crisis that showed no mercy for the old, women or children.11 Dec 2012 - 2:55am
From behind dark glasses, her voice hushed and shaky, Wu Kam-ping tells how she has been left with nothing but her children and a small nest egg after years spent in the garment factories of Hong Kong.
Now 75 and blind, Wu speaks for thousands like her when she says: "All I want is a universal retirement protection scheme which can make my life more stable and secure."8 Nov 2012 - 3:37am 2 comments
With three properties under his belt, Mak Hon-kai, 73, is enjoying a comfortable retirement.
The chairman of the Hong Kong Association of Senior Citizens, who came from humble origins, says his assets are the fruit of hard work.4 Nov 2012 - 9:52am