Wednesday October 24th, 2018

Hong Kong’s MPF ranks near bottom of the class globally when it comes to adequate savings preparation, consultancy says

Hong Kong’s MPF ranked 32nd on a list of 34 global pension schemes in terms of adequacy Hong Kong’s Mandatory...
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Wednesday October 3rd, 2018 / Hong Kong, News

Hong Kong government approves plan to offer HK$29 billion MPF subsidy to companies

Vastly increased proposal comes as officials keep trying to scrap pension scheme’s controversial offsetting mechanism Hong Kong leader Carrie Lam...
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Wednesday August 29th, 2018

Life Annuity Series- Retirement Plans

On 26 August 2018 edition of Metroradio’s financial program with Dr Billy S.C Mak, Associate Professor, Department of Finance and...
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Wednesday August 15th, 2018

Annuity interest failed on two levels

It's disappointing that only 9,410 elderly have expressed interest in subscribing to less than half of the government's much ballyhooed...
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Friday August 10th, 2018

Annuity deadline extended

Online registration for the life-annuity scheme for seniors has been extended until 11.59pm tonight due to website problems. Hong Kong...
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Friday August 10th, 2018

Response to annuity scheme played down

The head of Hong Kong Mortgage Corp's annuity team says the life-annuity scheme is more popular among those aged 65...
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Friday August 10th, 2018

Annuity plan in demand among 65-70 age group

The head of the Mortgage Corporation's annuity team says the government's scheme to provide pensioners with a guaranteed income for...
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Monday August 6th, 2018

Unionists say annuity plan unsuited for low-income workers

Critics of a new public annuity scheme say low-income people do not stand to benefit because they prefer greater flexibility...
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Monday July 23rd, 2018

Annuity plan for seniors gets off to a slow start

The Hong Kong Mortgage Corp's annuity plan started to accept subscriptions from permanent residents aged 65 years or above yesterday...
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Monday July 23rd, 2018

Annuities give meat to sandwich class

Paying the government HK$1 million in exchange for a pension of up to HK$5,800 a month may sound stupid. But...
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Friday July 20th, 2018

Proposed MPF boost to benefit half-million

Nearly 500,000 workers earning more than HK$30,000 a month would pay more into their mandatory provident fund accounts under proposed...
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Wednesday July 18th, 2018

Hong Kong’s public annuity scheme: are the elderly being short-changed?

Where have our monetary officials been for the past year? Don’t they realise gender equality has become a defining issue for society...
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Wednesday July 18th, 2018

Hong Kong’s public annuity scheme offers the elderly no bang for their buck and ignores the poor

Hong Kong’s senior citizens are being officially invited to take a gamble on their longevity. If they assume they will...
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Monday July 16th, 2018

Hong Kong’s US$1.27 billion annuity plan fails to ignite on launch day amid concerns about returns, gender

Hong Kong’s HK$10 billion (US$1.27 billion) public annuity plan received a mixed response on Monday, after application forms became available...
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Monday July 16th, 2018

Retirees line up to join annuity plan

Subscription forms for Hong Kong's first public annuity scheme were released through banks today, RTHK reports. (more…)
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Monday July 16th, 2018

HK$1m annuity plan for retirees opens for registration

Hong Kong retirees aged 65 years or above can register to subscribe to the new life annuity plan from next...
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Friday June 8th, 2018 / Hong Kong, News

Pledging Ceremony of the Governance Charter for MPF Trustees

MPFA had pledging ceremony for MPF Trustees on 24 May 2018 Readings: Opening Address Concluding Remarks Press Release
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Friday November 3rd, 2017

Keynote speech by the Secretary for Financial Services and the Treasury, Mr James Lau, at the HKTA Conference (October 31)

The Secretary for Financial Services and the Treasury, Mr James Lau, has given a keynote speech at the Hong Kong...
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Wednesday November 1st, 2017

Early use of MPF for buying flat

The MPFA is considering to allow early us of MPF for savers to buy flat News sharing from The Standard...
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Friday August 11th, 2017 / News

Towards Longer Productive Living – Elderly and End of Life Care in Hong Kong

The Business and Professionals Federation of Hong Kong (BPF) has published a report entitled TOWARDS LONGER PRODUCTIVE LIVING - ELDERLY...
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Wednesday April 26th, 2017 / Hong Kong, News

Proposed Life Annuity Scheme

The Hong Kong Mortgage Corporation (HKMC) proposed such a scheme on 10th April 2017. The intention is to provide lifetime...
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Wednesday April 26th, 2017 / Hong Kong, News

Default Investment Strategy

Each MPF scheme has to offer a Default Investment Strategy (“DIS”) starting from 1 April 2017. The DIS represents a...
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Wednesday April 26th, 2017 / Hong Kong, News

2017-18 budget on retirement protection and elderly care

Firstly, the Government will not introduce a universal pension system, but instead add another tier and higher payout to the...
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Importance of retirement preparation (in Chinese)
【「你」想退休生活,規劃要趁早!】- 及早計劃篇

【「你」想退休生活,規劃要趁早!】- 及早計劃篇係人都想退休後可以好好咁享受生活,無憂無慮!之不過退休後無固定收入,可能會入不敷支!唔想咁樣?立即睇片了解吓!#退休規劃要趁早 #退休規劃唔係得個諗字 #行動最實際

Posted by 全積特攻 on 2017年3月19日
Why is it important to save money? Take look at the video below (in Chinese)
【「你」想退休生活,規劃要趁早!】- 時間就是力量篇

【「你」想退休生活,規劃要趁早!】- 時間就是力量篇趁後生梗係要及時享樂,邊駛諗退休㗎?咁諗就大錯特錯!正所謂年輕就係本錢,趁後生早啲儲錢做退休投資,幾十年後,可能會有意想不到嘅收穫!#退休規劃要趁早 #年輕就係本錢 #慳多啲儲多啲 #咪做月光族 想知更多退休規劃tips,即睇:及早計劃篇

Posted by 全積特攻 on 2017年3月26日

The MPFA website provides very useful resources for gaining an understanding on Hong Kong’s retirement schemes (both ORSO and MPF) system.


StarbucksCan be enrolled as the senior citizen members of StarbucksBuying the tumbler in half price and enjoy a 50% off to the purchase of handcrafted beverage between 7am to 11am
McDonald’s Before 11am, enjoy a Hash Browns for free with purchase of $13 or above of one A-la-carte item in original price or with one purchase of Premium Roast Coffee, McBrew Tea or Soy Milk (in original price)After 11am, can enjoy a cup of Premium Roast Coffee, McBrew Tea, Medium Soft Drink or Medium Fries for free with purchase of $13 or above of one A-la-carte item (in original price)Monday to Friday only and only 2 times per day
Chung Kee Dessert10% off (dine in only)
YoshinoyaAny purchase of Rice Bowl (A-la-carte) will get a cold/hot drink or a miso soup
Fruit juice, Nata De Coco Fruit Punch or Promotional Drink is excluded
KFCEnjoy a free cup of coffee or tea upon consuming at least $10
Enjoy a free mashed potato & gravy upon consuming at least $20Except Saturdays, Sundays and Public Holiday
Pizza HutOffered a free cold or hot drink (milk tea, lemon tea, lemon water, coffee) upon any dine-in purchase
Hung Fook Tong$40 herbal jelly per cup
Airport, Lok Ma Chau and Lo Wu MTR station excluded
Café Med10% discount
Pizza Bird-Pizza & Chicken10% discount
Maxim‘s Cakes / Maxim’s Café Lab Bakery Café by maxim’s cakes10% off for any bread itemCan’t be used in conjunction with Maxim’s Cake vouchers or other promotion offers
Jollibee$14 3pcs pancake with hot drink (before 11:00 am)$15 mushroom rice with hot drink$25 spaghetti with hot drinkNot applicable on Saturday, Sunday and Public Holidays



Enjoy $2 or half fare concession per trip (If the half fare is below $2, it is only required to pay half fare), except Cityflyer A routes, Racecourse route: 8S and Citybus Non-franchised routes: sightseeing buses and staff shuttle bus services.
Enjoy $2 or half fare concession per trip (If the half fare is below $2, it is only required to pay half fare) on Sundays and public holidays when travelling on City One Shatin residents’ routesHalf fare concession per trip for Cityflyer A routes and non-franchised routes, except for Racecourse route: 8S
Kowloon Motor BusCharged one half of the adult single fare for travelling on all routes of KMB and Long Win. The actual fare will be the fare applicable after the half fare concession or the flat fare of HK$2.00 charged, whichever is lower.excluding "A" routes to the Airport and racecourse routes
New Lantau Bus CompanyHalf fare for routes 1R, 2, 21, 23, A35, N1, N35, N38, B2 and B2PMore than half fare discount from Mondays to Saturdays; half fare on Sundays & public holidays: for routes 1, 3M, 4, 11, 34, 36, 37, 37P, 38 and 38X
Long Win Bus Company Limited$2 per tripexcluding “A” routes to Airport and racecourse routes
Discovery Bay Transit Service Limited$5 on bus service between Discovery Bay and Tung Chung and between Discovery Bay and Sunny BayFree on internal bus route on Sunday and public holiday, in elderly octopus card
MTR$2 per journey, if the original fare for the journey is lower than $2, only the original fare will be chargedAirport Express, journeys to and from Lo Wu and Lok Ma Chau Stations and First Class Service of East Rail Line are excluded
Hong Kong Tramways LimitedConcessionary fare HK$1.1 per single journey on all Ordinary HKT Service Tram Routes
Peak TramwaysSingle Journey $12, Return Journey $20
Perfect Gold Company LimitedCard holders can have an unlimited free ride on the third Sunday of November in each year
Tao Kin Sheung Public Light Bus Company$2 for single journey
Chit Fai Motors Company Limited$2 for single journey
Zhan Gang Tourist Transportation Company Limited10% discount on locally purchased through-bus routes Hong Kong to Zhang Gang or Zhang Gang to Hong Kong (Except public holidays)
The "Star" Ferry Company Limited Free ride on Central/Tsim Sha Tsui or Tsim Sha Tsui/Wan Chai ferry services
New World First Ferry Services LimitedConcessionary fare for local service
Discovery Bay Transportation Services Limited$2 for ferry service between Discovery Bay and CentralConcession fares for elders (age 65 or above) on ferry service between Discovery Bay and Central
Hong Kong & Kowloon Ferry Holdings LimitedEnable elderly people to travel on the ferries at any time at a concessionary fare of $2 per trip
New World First Bus Services LimitedEnjoy $2 or half fare concession per trip, if the half fare is below $2, it is only required to pay half fare, when travelling on NWFB routes, except NWFB Racecourse route 101R、102R、802、811.
Half fare concession per trip on racecourse route



Ocean ParkEnjoy a free entrance ticket
Ngong Ping 360Special price of purchasing ticket of each ride or activities
Broadway Cinemaenjoy a special price ($20 at Broadway Cinematheque and Broadway Kingswood Ginza, $35 at Palace IFC, $25 for other Broadway Cinema) for the first show of each houseSpecial price of purchasing ticket of each film


Yue Hwa Chinese Medicine Specialty Store10% discount on regular priced itemsNot applicable to fix priced items, discounted products, special offers and retail counters
Dr. Kong Footcare Ltd.25% discount on specified items
Nam Pei HongDried seafood: 10% discount on original priceSum Yung products: 30% discount on original priceIndonesia swallow nest: 30% discount on original priceChinese herbal medicine: 20% discount on original priceProprietary Chinese medicine products: 10% discount on original price
Kai Tai5% discount on dried seafood10% discount on ginseng products and herbsDiscounted price items not included
Mega Pharmacy O/C H & Kerrie Investment Limited5%-10% discount on health food productsDiscounted/fixed price items not included
First Edible NestUpon purchasing any products at least $500 can join our membership program ($1,000 for normal case)10% discount for purchasing any dried Nest product (based on original price)
The Wing On Department Stores (HK) Limited5% to 10% discount on specified itemsDiscounted price items not includedThis offer cannot be used in conjunction with other promotional offers, Wing On Charge Card and Wing On VIP Card
Yue Hwa Chinese Products (Department Store)10% discount on regular priced itemsNot applicable to fix priced items, discounted products, special offers, supermarket and retail counters.
The Salvation Army Family Store15% discountMaximum monthly shopping amount to enjoy this discount is $400Discount cannot be used in conjunction with any other promotionsFamily Stores reserves the right of final decision on this offer
Eyecare Optics Company Limited50% discount on optical frames and lensesFixed/discounted price items not included
Wing Ming Optical50% discountFree vision examinationDiscounted price items and contact lenses not included
Professional Optical ShopLess $150 after discountDiscounted price items not included
Hong Kong Optical25% discount on optical frames and ophthalmic lensesNot applicable to fixed-price items, promotional items, color contact lenses, disposable contact lenses and personal care solutionsDiscount cannot be used in conjunction with any other promotional offers
Optical 88Cardholders can enjoy 10% discount upon purchase of regular-priced itemsPlease present valid Senior Citizen Card before deposit paymentThis offer is exclusive at all Optical 88 Limited in Hong KongThis offer cannot be used for purchase of contact lens, solutions, discounted items, fix-priced items and sundriesThis offer cannot be used in conjunction with other promotional or VIP offers
Best Vision Consultants Group40% discount for optical frames30% discount for lensesDiscounted price items not included
HK Jebn LimitedSenior Citizen Card holders can enjoy same benefit and discount as golden members
Luk Fook Jewellery8% discount upon purchase of any diamond, natural fei cui (jadeite), pearl, gemstones or K-gold itemsFixed-price, special-priced, licensed. Collector Series items and timepieces excludedThe offers is applicable to outlets in Hong Kong S.A.RThe offer cannot be used in conjunction with other gift vouchers, promotional offers and discount The offer cannot be redeemed for cash
Chong Fai J & G Company LimitedWaive commission on pure gold
The Best Tea House Company Limited10% discount
Maria's Bakery10% discount
Wing Wah Cake Shop10% discount on regular price items
Chicks10% discount for Senior Citizen cardholders
Popi Stores Limited10% discount on all regular priced apparels
T.H. Lee Book Company Limited10% discount on reference books, dictionaries, supplementary exercises, stationery and giftsDiscounted/Fixed price items not included
Tien Dao Publishing Hse LimitedAll regular-priced items 10% discount
Yazhou Zhoukan$488 for 1 year subscription (51 issues)
Sampson (HK) Piano Company20% discount on piano books10% discount on some instruments$50 discount for the first month of all music courses
Family Fun Environmental Protection & Healthy Limited10% discount on specified items
H&B Pharmacy O/B Champ Key Ltd5%-10% discount on health food productsDiscounted/fixed price items not included
Eu Yan Sang5% discount on all regular price itemsThis offer cannot be used in conjunction with other discounts and promotional offers (including Birthday coupons and VIP cards)This offer is not applicable for purchase of Eu Yan Sang Gift CertificateThis offer is applicable for Eu Yan Sang Shops and counters in Hong Kong only
3D-GOLD Jewellery12% off regular-priced jewellery itemsNot applicable for the purchase of pure gold and platinum products, watches, cash vouchers, promotional, discounted and fix-priced itemsOffer is only applicable to 3D-GOLD Jewellery in Hong Kong S.A.R. and Macau S.A.R.This offer cannot be used in conjunction with VIP offers, cash vouchers, other promotional offers and discount. The Senior Citizen Card must be presented upon purchase.
Success Pharmacy O/B Huge View Limited5%-10% discount on health food products
Luen Hop Electrical Company10% discountUpon consuming at least $1,000 to enjoy free delivery. $2,000 purchase amount 10% discount
Panashop5% discount on regular price itemsDiscounted price items not included
Buddhist Philosophy Bookshops25% discountDiscounted/Fixed price items not included
Yuet Wah Music CompanyUpon consuming at least $200 to enjoy 15% discountNot applicable during sale periodDiscounted/Fixed price items not included
Hing Lung Food Place Limited10% discount on self pick-up meat productsDiscounted / Fixed price items not included
CSL Mobile LimitedSenior Citizen Cardholder can enjoy the "Smart Pama Service Plan"
Wellcomecan enjoy 10% off for all the product of First Choice and No FrillsWednesday only