What HK can do to fix its pension savings gap

There is one thing all pension industry experts agree on: Hong Kong needs to improve citizen education over investing and retirement if they are to save more. Today, most citizens simply don’t understand the importance of saving over many years for retirement, and the impact compound interest can have on these amounts. It’s also important to improve the public’s understanding about investment risk. The Mandatory Provident Fund (MPF) scheme suffered a 7.38% loss in the first 10 m…