Policy Address

Supporting the Elderly in Investment Management

197. The Government will study the feasibility of a public annuity scheme and explore whether we can have life annuity plans run by the public sector, so as to help elderly persons turn their one-off assets into a stable monthly retirement income to reduce uncertainty. The Government will also consider issuing larger volumes of Silver Bonds, which have been popular among the elderly, and setting a longer term. In addition, we will encourage the financial sector to develop more retirement-related investment products.

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