CTF Life, HKMCA team up to tackle retirement risks

The collaboration will introduce financial education programmes and customer engagement events.

CTF Life and the HKMC Annuity Limited have partnered to combine their respective expertise in retirement planning and life insurance, the partnership will further broaden retirement planning options for customers.

CTF Life and HKMCA will also collaborate on thematic seminars, customer engagement events and financial education programmes to enhance public awareness of longevity risk, retirement income planning and asset allocation.

This comes after the 2026 Policy Address, which revealed the number of people aged 65 and above is projected to reach 2.74 million by 2046, accounting for more than one-third of the city's population1. 

As demand for stable retirement income and long-term financial protection continues to grow, the importance of early and holistic retirement planning is becoming increasingly evident. 

“Building on our existing protection and wealth management solutions, this collaboration provides eligible customers with an additional avenue to learn more about the HKMC Annuity Plan2, further broadening their retirement planning options,” Man Kit Ip, Executive Director and CEO of CTF Life, said in a press release. 

“By combining our strengths with HKMCA, we hope to raise public awareness of the importance of early retirement planning and help more people build greater financial confidence for retirement and enjoy a more fulfilling retirement life,” Yip added.