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Schroders sets out Hong Kong retirement scheme proposals
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.
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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