Schroders Global Investment pointed out that members of pension plans should consider increasing their retirement savings and managing their retirement savings accounts more actively. Young people who have just entered the workforce should focus on accumulating wealth and be willing to take on higher risks at the beginning of their careers to balance investment risks and returns. Lau Yee Ho, Director of Retirement Business at Schroders Global Investment in Hong Kong, stated that with advances in healthcare and medical technology, the average life expectancy of Hong Kong residents is expected to continue to rise. According to data from 2023, the average life expectancy for men in Hong Kong is 82.5 years, and for women, it is 87.9 years, ranking among the highest in the world. However, the potential issue is that people need to prepare for retirement expenses lasting up to 20 years or even longer. According to the "2024 Hong Kong Retirement Survey" by Schroders Global Investment, surveyed Hong Kong residents expect an average retirement life of only 15 years, but in reality, the average retirement life is 22 years. Therefore, without planning ahead, they are more likely to deplete their retirement assets. In the post-pandemic era, another retirement issue of concern to Hong Kong residents is higher-than-expected medical expenses. Although in the fiscal year 2021/22, the total healthcare expenditure per capita in Hong Kong reached 32,804 Hong Kong dollars, accounting for 8.5% of the Gross Domestic Product (GDP) of Hong Kong, placing healthcare expenditure levels among the highest in Asia, Hong Kong residents still need to pay public or private specialist outpatient fees ranging from 135 Hong Kong dollars to over 2,000 Hong Kong dollars. The increasing elderly population in Hong Kong and globally has led to rising healthcare expenses, a key factor to consider when planning for retirement. Faced with concerns about retirement life, there is an average gap of 2.4 million Hong Kong dollars between the retirement funds needed for pre-retirees and post-retirement expenses. This shows that pre-retirees in Hong Kong may need to be better prepared financially before retirement. Only half (53%) of the surveyed pre-retirees in Hong Kong expressed confidence in reaching their desired financial reserve level by their expected retirement age (median age of 62 years). As retirement plan members approach the age of 55 (retirement age), they should consider adjusting their investment portfolios to focus on achieving more stable returns and income. In contrast, retirees should prioritize stable income and some growth returns to consider future living expenses and medical costs, while also taking into account future inflation factors. Schroders Global Investment states that the risk of running out of savings in one's lifetime, known as "longevity risk," has become very real globally. Preset investment strategies can help pre-retirees kickstart their retirement plans. As retirement plan members or Hong Kong Trillions of MPF plan members approach retirement age, this investment strategy automatically reduces investment risks. However, retirement plan members still need to anticipate their cash flow needs and expenses during retirement, as well as the future value of their assets, to design a customized retirement asset allocation plan for themselves and try to avoid the impact of longevity risk.