The MPF Annual Report revealed that the return was just 3% since inception. Given the predicted 1.6% annual inflation rate, it would be absolutely insufficient for retirement.
In this session, Mr David LUI will discuss how HA colleagues should prepare for their retirement, at different stages of career.
In HA, a workforce is formed to review how to improve the return of OSRO and MPF funds for employees. At individual level, the needs for investment diversification and the importance of risk adjusted return will be discussed. Mr Lui will also share his views on how HA colleagues should strategically switch their retirement funds during ups and downs of the market, especially under the rapidly changing economic and political, geo political situation in the Globe. Certain diversification of currencies is also considered important for retirement, so as to meet unexpected changes of circumstances.
Mr Lui will also compare the retirement protections in Hong Kong and Singapore, with reference to the Singaporean Central Provident Fund system.
