Women in Hong Kong face huge retirement income shortfall, Fidelity study shows

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Women in Hong Kong face huge retirement income shortfall, Fidelity study shows - SCMP

Quick Summary:

Women expect an average monthly expense of HK$24,235 (US$3,120) after retirement but face an income-gap, study shows.

A total of 1,002 respondents in Hong Kong between the ages of 18 to 69 with a minimum monthly income of HK$15,000 took part in the survey, which highlighted the importance of preparing for a post-retirement life amid rising inflation and life expectancy.Fidelity has a 4.3 per cent market share of Hong Kong’s pension funds in terms of assets under management and offers some two dozen investment choices for investors.

Charlotte Chan, the head of Fidelity International’s Hong Kong office.