Retirement tops the savings priority list amongst affluent investors surveyed, with ‘rainy day’/emergency needs second and education for children third.
41% of affluent Singaporeans surveyed believe they need to save a capital sum of about S$800,000 to S$1.6 million to retire at age 65. Another 24% think they need S$1.7 million to S$2.4 million for retirement. 45% of the respondents determined the amount of money they needed for retirement themselves while about a quarter of respondents relied mainly on guesswork and appear to have no real idea how much they need for retirement.
Source: Singapore Business Review
Showing posts with label Friends Provident. Show all posts
Showing posts with label Friends Provident. Show all posts
April 18, 2013
June 12, 2012
Friends Investor attitudes report Q1, shows 20% of investors in Singapore opting for a 3yr+ strategy
- A high proportion of respondents believe that the eurozone sovereign debt crisis will last for over a year.
- Investor sentiment in current and future markets has decreased since the last wave and the popularity of several asset classes has plummeted.
Key learnings
As in Hong Kong, the decline in Singapore’s
overall index has been driven by decreased scores across most asset classes. Equities/shares
have lost a further 10 points and is now the least popular category. Money/currency
markets saw the steepest decline with a drop of 12 points.
Other categories like bonds, collectables and
property have also suffered losses but not as dramatic.
Gold and cash are still the most favoured asset classes. Sentiment towards cash has slightly improved compared to the last few waves.
Bullion bars/gold coins still hold the lead as the most favoured asset class. Investor sentiment towards most categories has declined, with significant changes for regular and single premium insurance products, collective investment funds, managed currency accounts and exchange traded funds.
Fixed rate bank deposits are the only investment instrument to be viewed more positively this wave.
There has been little wave‑on‑wave change on preferred investment strategies.
A mix of different terms remains the most popular strategy, but a term of three to five years is opted for by significantly more respondents than in the last wave.
Source: http://www.friendslife.co.uk/doclib/ia7_row.pdf
Gold and cash are still the most favoured asset classes. Sentiment towards cash has slightly improved compared to the last few waves.
Bullion bars/gold coins still hold the lead as the most favoured asset class. Investor sentiment towards most categories has declined, with significant changes for regular and single premium insurance products, collective investment funds, managed currency accounts and exchange traded funds.
Fixed rate bank deposits are the only investment instrument to be viewed more positively this wave.
There has been little wave‑on‑wave change on preferred investment strategies.
A mix of different terms remains the most popular strategy, but a term of three to five years is opted for by significantly more respondents than in the last wave.
Source: http://www.friendslife.co.uk/doclib/ia7_row.pdf
June 9, 2012
Friends Life appoints James Tan as General Manager, Asia & Middle East
Source: News release
Friends Provident International announced the appointment of James Lai-Hing Tan as General Manager, Asia & Middle East, reporting directly to John van der Wielen, CEO International at Friends Life. Mr Tan will be based in the Hong Kong branch of Friends Provident International and will be responsible for its activities throughout Asia and Middle East.
Mr Tan, originally from Singapore, has a Master's Degree in Actuarial Science from Georgia State University and an MBA from the University of California and the National University of Singapore. He has 18 years' experience in the insurance and banking industry and has worked in the US, Singapore and Hong Kong including seven years as Global Head of Bancassurance at Standard Chartered. His most recent role was as Group Head for AIA's partner distribution business based in Hong Kong. He speaks English, Mandarin and Cantonese.
"Looks like this reinforces Friends focus on growing beyond their
Friends Provident International announced the appointment of James Lai-Hing Tan as General Manager, Asia & Middle East, reporting directly to John van der Wielen, CEO International at Friends Life. Mr Tan will be based in the Hong Kong branch of Friends Provident International and will be responsible for its activities throughout Asia and Middle East.
Mr Tan, originally from Singapore, has a Master's Degree in Actuarial Science from Georgia State University and an MBA from the University of California and the National University of Singapore. He has 18 years' experience in the insurance and banking industry and has worked in the US, Singapore and Hong Kong including seven years as Global Head of Bancassurance at Standard Chartered. His most recent role was as Group Head for AIA's partner distribution business based in Hong Kong. He speaks English, Mandarin and Cantonese.
"Looks like this reinforces Friends focus on growing beyond their
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