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Schroders sets out Hong Kong retirement scheme proposals

Jul 9, 2017

Hong Kong’s public annuity scheme is a step in the right direction for addressing post-retirement incomes, but cannot address all the risks on its own, says Schroders.

Schroders sets out Hong Kong retirement scheme proposals

Based on the proposal to be launched by Hong Kong Mortgage Corporation (HKMC) in the middle of next year, people aged 65 and above will be allowed to invest up to HK$1 million (US$128,000) in exchange for a guaranteed monthly income until death.

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