IFA to tackle some, not all, retirement issues

At the beginning of the year, the Hong Kong Investment Funds Association (IFA) commissioned a paper to develop an optimal model on retirement income policy for the Territory, which on present trends faces a nightmare of demographic ageing. The Mandatory Provident Fund (MPF) system implemented in 2001 is widely viewed as a reasonable start, but totally insufficient to allow most Hong Kongers to retire in dignity and financial security. The paper, done by the Gadbury Group, led by pr…