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Investment returns of retirement schemes
Following is a question by the Hon Marvin Cheung and a written reply by the Secretary for Financial Services, Mr Michael Cartland, in the Legislative Council today (Wednesday):
Question:
Is the Government aware of the investment returns achieved by retirement schemes in the territory; if so, will the Government inform this Council:
(a)
of the total number of retirement schemes for which information on investiment returns is available ("the known population");
(b)
of the period of time which this information covers ("the relevant period");
(c)
of the total value of investments of such schemes during the relevant period;
(d)
of the total number of retirement schemes in existence in the territory during the relevant period;
(e)
of the total value of funds invested in the totality of retirement schemes in the territory during the relevant period;
(1)
of the average annual rate of return on investments in the known population of retirement schemes during the relevant period;
(g)
(h)
if the answers to (a) and (d) are different, whether the information on investment returns of the known population is representative of all retirement schemes in the territory during the relevant period and if so, what is the basis of this deduction; and
if the information on investment returns of the known population is not representative of all retirement schemes in the territory, what information does the Government have in relation to the average investment returns of all retirement schemes in the territory during the past 20 years?