Correlations between Annuity Plan Comprehension and Lack of Concern on Aging Population Issues

Professor Chou Kee-lee, Head of Department of Asian and Policy Studies (APS) at The Hong Kong Institute of Education (HKIEd) and principal investigator interviewed Hong Kong MPF scheme members (40 to 64 years of age) to learn of their understanding of annuities and acceptance level towards the annuity design. It was found that 20% of the respondents after given a brief introduction still did not understand the annuity plans. For more information, please see attached research findings.