A man reads a newspaper next to Victoria Harbour in Hong Kong on December 14. Even though unintended, the MPF scheme has had the effect of giving a false sense of financial safety among our community’s least-safe. Photo: AFP
A man reads a newspaper next to Victoria Harbour in Hong Kong on December 14. Even though unintended, the MPF scheme has had the effect of giving a false sense of financial safety among our community’s least-safe. Photo: AFP
David Dodwell
Opinion

Opinion

Outside In by David Dodwell

Why a HK$1 trillion MPF pot gives Hongkongers little reason to rejoice

  • Launched 20 years ago, the city’s pension system was inadequate to begin with, and the lack of government action to fix its shortfalls means it still is
  • Surveys continue to indicate most Hongkongers won’t have enough to retire on. It’s time for officials to tackle some of the low-hanging fruits of MPF reform

A man reads a newspaper next to Victoria Harbour in Hong Kong on December 14. Even though unintended, the MPF scheme has had the effect of giving a false sense of financial safety among our community’s least-safe. Photo: AFP
A man reads a newspaper next to Victoria Harbour in Hong Kong on December 14. Even though unintended, the MPF scheme has had the effect of giving a false sense of financial safety among our community’s least-safe. Photo: AFP
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