(From left) HKIFA chief executive Sally Wong; chairman of pensions sub-committee Terry Pan, and vice-chairman of pensions subcommittee Philip Tso, address a press conference in Hong Kong on Monday. Photo: Jonathan Wong(From left) HKIFA chief executive Sally Wong; chairman of pensions sub-committee Terry Pan, and vice-chairman of pensions subcommittee Philip Tso, address a press conference in Hong Kong on Monday. Photo: Jonathan Wong
(From left) HKIFA chief executive Sally Wong; chairman of pensions sub-committee Terry Pan, and vice-chairman of pensions subcommittee Philip Tso, address a press conference in Hong Kong on Monday. Photo: Jonathan Wong

MPF pension funds account for less than 10 per cent of Hongkonger's retirement savings, survey shows

  • MPF pension funds are a third choice of retirement savings for Hongkongers, according to an investment funds association survey
  • Bank deposits account for 53 per cent of Hongkongers’ retirement savings, while 21 per cent goes into stock investments
Topic |   Mandatory Provident Fund (MPF)
(From left) HKIFA chief executive Sally Wong; chairman of pensions sub-committee Terry Pan, and vice-chairman of pensions subcommittee Philip Tso, address a press conference in Hong Kong on Monday. Photo: Jonathan Wong(From left) HKIFA chief executive Sally Wong; chairman of pensions sub-committee Terry Pan, and vice-chairman of pensions subcommittee Philip Tso, address a press conference in Hong Kong on Monday. Photo: Jonathan Wong
(From left) HKIFA chief executive Sally Wong; chairman of pensions sub-committee Terry Pan, and vice-chairman of pensions subcommittee Philip Tso, address a press conference in Hong Kong on Monday. Photo: Jonathan Wong
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