!
Top of main content

Managing the challenges

  • Hong Kong people have a long life span. By 2041,the average life expectancy at birth of men and women in Hong Kong is estimated to rise to 84.4 years and 90.8 years respectively 1.
  • Working population in Hong Kong expect to live an average of 23 years in retirement. However, Hong Kong people also expect their savings will be running out after 13 years, leaving a potentially devastating 10 years income gap2.
  • This gives an indication that you will need to manage your financial assets to make sure that they don’t run out during retirement.
  • You need not only to start savings early for your retirement years, but also to protect your funds against the effects of inflation and other economic uncertainties.

Surging inflation

From inflation of 1%3 (in 2004) to inflation of 4.4%3 (in 2015) now, the cost of living is gradually increasing. If we wish to maintain our current lifestyle, we have to keep up with the ballooning price levels.


Rising medical costs

  • Many countries have experienced double-digit growth in medical costs and, in the vast majority (95%), the trend exceeded the rates of general inflation4.
  • You should not underestimate the increased medical expenses during retirement years.

Evolving family dynamics

  • By 2041, 30 per cent of the Hong Kong population will be aged over 655.
  • With the aging population, it is anticipated that funding elderly parents whilst in retirement will become more commonplace.
  • Research6 indicated an ongoing financial responsibilities for elderly parents and other dependents. One should plan their retirement with family in mind.

1Source: Hong Kong Population Projections 2012-2041, Census and Statistics Department, HKSAR.

2Source: 2015 HSBC “Future of Retirement – A balancing act?” Survey.

3Source: Consumer Price Index and Its Movements during 2004 to 2013, Census and Statistics Department, HKSAR.

4Source: Towers Watson 2011 Global Medical Trends Survey Report.

5Source: The 2011 Population Census

6Source: 2013 HSBC “Future of Retirement – Life after works?” Survey



Risk Profiling Questionnaire

Want to understand your investment needs and risk appetite? Please logon to HSBC Personal Internet Banking and it will take you just a few minutes to complete the Risk Profiling Questionnaire



Contact us

Call

(852) 2233 3733(852) 2233 3733

At an HSBC branch

Find your nearest branch


You should know your financial need or investment objective, your current financial situation and risk tolerance.

Your objectives could incorporate any combination of the following:

  • Manage and grow your wealth
  • Plan for retirement
  • Protection for your family
  • Preserving your legacy
  • Fund your children’s education

You should also understand how much your target is, how long you want to invest, how much you can invest and your own investment preferences.

You can make use of our Risk Profiling Questionnaire to help you find out more about your investment risk tolerance.

Disclaimer Select to Expand Select to Collapse

The information as shown on this page is not for sales purpose and it is hypothetical and for illustration only. It is not intended to constitute a recommendation or advice to any prospective customers and is not intended as a substitute for professional advice. You should not act on any information on this page without seeking specific professional advice.


Products and services referred to in this website are offered only in jurisdictions where and when they may be lawfully offered by The Hongkong and Shanghai Banking Corporation Limited. The material on these pages are not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to local law or regulation.

Note: Investment involves risks. Past performance is no guide to future performance. Investors must refer to the respective fund's offering documents for further details of the fund and the risks involved.


Your benefit is subject to the credit risk of the Company. Your premiums paid will form part of the Company's assets. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only. This product is a product of the Company but not HSBC and it is intended only for sale in the Hong Kong SAR.


HSBC Life (International) Limited is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.