At HSBC, customers have been and will always be at the centre of our business. We strive to know our customers and provide them with the means to achieve their ambitions, hopes and dreams. That’s why we innovate with our customers in mind, to meet their needs and protect them.

The HSBC Retirement Monitor (“Monitor”) is the first referential indicator in Hong Kong that reflects estimated living costs required for retirement. The Monitor is not a survey, but a quarterly updated benchmark based on real data and statistics to provide estimated costs required for three different kinds of retirement lifestyles: Basic, Comfortable, and Affluent. The tool ultimately aims to provide the people of Hong Kong with an objective and clear reference point to assist them in setting their own retirement target.

The Monitor was created under HSBC’s appointment of the Association of Superannuation Funds of Australia (“ASFA”). It is constructed by extensive data analysis of local retiree’s consumption patterns and prices of specific goods and services collected in Hong Kong. It also takes into account the statistics published by the Government of Hong Kong on the expenditures of local residents from various ages and income groups. The Monitor is useful for any Hong Kong citizen looking for a reliable source of knowledge to be used in their retirement planning needs.