HK$24bn pension payment misses savings opportunity - Mercer

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HONG KONG - Government plans to provide an extra HK$24bn ($3.1bn) for Mandatory Provident Fund (MPF) members may miss an important opportunity to stimulate retirement savings, Mercer believes.

The nation's government reserved the money in its latest Budget to provide a HK$6,000 stimulus to every MPF account holder. This equates to additional retirement income of around HK$40 per month fo...

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