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HKIEd Study: Hong Kong’s Lack of Concern on Aging Population Issue Leads to Lack of Understanding Financial Plans

HKIEd Study: Hong Kong’s Lack of Concern on Aging Population Issue Leads to Lack of Understanding Financial Plans

2015 July

According to a recent survey funded by the Central Policy Unit – Public Policy Research Funding Scheme, it was found that 20% of Hong Kong people still do not understand annuity plans. Professor Chou Kee-lee, Head of Department of Asian and Policy Studies (APS) at The Hong Kong Institute of Education (HKIEd) and principal investigator suggested that the lack of popularity of annuity products may be related to a lack of concern about the problem of the aging population.

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