MPF confidence hits 15-year high; 28% of HK workers target HK$8m retirement
Hong Kong's MPF Confidence Index reached a 15-year high of 5.1 out of 10. A GUM survey found 28% of respondents expect to need at least HK$8 million for retirement, up from 21% in 2025. The average retirement target rose 12% to HK$6.48 million.
Hong Kong employees' confidence in the Mandatory Provident Fund (MPF) system has reached a 15-year high, while the proportion expecting to need at least HK$8 million for retirement has risen sharply, according to a survey by MPF consulting firm GUM.
The MPF Confidence Index rose to 5.1 out of 10 in October, up from 4.0 in 2025 and rebounding from a record low of 2.8 in 2022, GUM said. The firm surveyed 808 Hong Kong residents aged 18 to 64 who participate in the MPF system between 13 and 15 August.
GUM attributed the improved confidence to better market returns in recent years, greater member engagement, and an enhanced digital experience on the eMPF platform. Michael Chan, managing director of GUM, said: “As confidence improves, members are placing greater emphasis on retirement savings adequacy, fund performance and investment choices, signaling a shift from passive participation to more active management of retirement assets.”
The survey found that 75 per cent of respondents review their MPF performance at least once a year, and about 30 per cent had switched funds in the past six months. The proportion expecting to need HK$8 million or more for retirement rose from 21 per cent in 2025 to 28 per cent in 2026. The average retirement savings target increased 12 per cent year on year, from HK$5.79 million in 2025 to HK$6.48 million in 2026.
GUM also noted growing demand for decision-making support. Among respondents, 51 per cent expressed interest in artificial intelligence-empowered investment analysis and fund selection tools, and an equal proportion said regular market updates would be most valuable. A further 35 per cent hoped for tools to assess their risk tolerance, highlighting members' increasing desire for guidance in retirement investment decisions, GUM said.