Pensioners get ready for flight

Planning for retirement is daunting. It is made more complicated in Hong Kong because there is no effective state-funded pension plan and the cost of living is astronomical.

People planning for retirement are also bombarded by an array of investment products. Financial advisers often earn their money on the commission income generated from the sale of investments, so their advice may not always be in your best interest. The same is true for the staff working at the big consumer banks, and the relationship managers at private banks.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1230913/pensioners-get-ready-flight