Singapore Keeps Asia's Only A Grade in Global Pension Index as Indonesia Slips
Hong Kong edged up to 71.2 points in the 2026 ranking of 55 retirement systems, while Indonesia was the only Asian system to score lower than a year earlier.
Hong Kong edged up to 71.2 points in the 2026 ranking of 55 retirement systems, while Indonesia was the only Asian system to score lower than a year earlier.
MPF Ratings estimates members lost about HK$5,217 each in October through Oct. 20 as Asian and Chinese stocks fell, cutting the year's gain to 4.57%.
The December overhaul of Japan's private pension accounts raises limits for employees and civil servants, 86% of members, though fewer than 6% of eligible people use the plan.
Final October figures show each of the MPF's 4.97 million members lost about HK$8,670 as AI worries hit Asian stocks, while a Manulife healthcare fund rose 9.49%.
The fund's year-to-date return fell to 14.84% from 27.22%, reviving debate over its decision to hold a swollen Korean equity stake.
About seven million workers now get retirement contributions with every pay packet, and the tax office is consulting on how it will assess employers who fall short.
A falling currency softened September's loss for growth funds. With the cash rate at an 18-year high, bonds and the Australian dollar now carry more of the load.
Rising global bond yields and a firmer yen ended a strong run for the world's largest pension fund, though Japanese stocks still made money.
Budget 2027 put the Employees Provident Fund's monthly withdrawal option in the spotlight. Economists say it helps, but small balances remain the bigger problem.
Nearly two years after the scheme went nationwide, account openings far outrun actual contributions, and treasury bonds have joined a menu of 1,275 products.
Savers already pay 3.5% by default, rising to 4% in 2028. The parties that contested Saturday's election proposed very different paths beyond that.