7 in 10 Hong Kong seniors are financially underprepared, AIA says

Nearly 60% have no clear savings plan.

Seventy-two percent of Hongkongers lack sufficient retirement savings and expect to delay retirement by an average of 12.8 years, according to AIA Hong Kong’s latest Desired Retirement Tracker.

Nearly 60% have no clear savings plan despite recognising post-retirement financial pressures.
Respondents expect only about 30% of their retirement funds to come from the Mandatory Provident Fund (MPF), with many finding the system complex.

The survey found that 65% struggle to choose MPF funds, 57% are unclear about fund types, and 45% are unaware of their investment returns.

Around 70% believe smart technology could help them make better MPF investment decisions.

Survey results show respondents aim to retire at age 62.2 with a median target of $427,700 (HK$3.29m), but most fall short by about $332,800 (HK$2.56m).

Despite this gap, MPF’s growth potential remains strong — as of end-2024, 125,000 MPF accounts had accumulated $130,000 (HK$1m) or more, double the number five years ago.

The 16th AIA Desired Retirement Tracker was conducted by Cimigo between 13 and 31 August 2025, surveying 1,003 Hongkongers aged 18 to 65 with at least one MPF account.