Entering the retirement phase and reaping its various benefits is something that everyone looks forward to experiencing. However, without adequate savings or a strong retirement corpus, enjoying your golden years can be a tad bit hard. Financial preparedness and a thorough understanding of one's requirements are crucial aspects to evaluate during retirement. Here's a quick guide to planning your retirement, ensuring you avoid any financial instabilities during your 'second innings'.
Millennials in Singapore are identified as the country's new 'sandwich generation', says Etiqa Insurance Singapore's "2021 Protection Survey Report", that notes that the youngest of the millennials have now joined the workforce.
The pandemic has not deterred Singaporeans from reaching their financial goals as one in two plan to retire below the official retirement age of 62, according to a new survey by personal finance platform SingSaver.
Parents of special needs children can now multiply their financial provisions for them well into the future, through a partnership between the Special Needs Trust Company (SNTC) and leading regional insurer Great Eastern.
A new study by St. James's Place Wealth Management Asia (SJP Asia) has revealed the impact of the COVID-19 pandemic on attitudes towards wealth management in Hong Kong and Singapore.
More than a third of Malaysians (38%) still lack personal insurance protection, according to "An Impact of Pandemic on Protection" survey commissioned by Zurich Malaysia (Zurich).
Sun Life Financial has announced the appointment of Nhon Luc Ly as the next CEO of Sun Life Vietnam. The appointment follows the return of former Vietnam CEO Larry Madge to Sun Life's corporate office in Toronto.
The past decade has seen an unprecedented shift in the consumer attitude towards life insurance. The narrative of a life insurance product has now moved from 'fear of uncertainties' to the 'cover of financial protection'. The pandemic has further deepened the importance of financial protection against risk which will continue to be the core of life insurance offerings. It also brought to focus two key aspects that will shape the 'tomorrow' of life insurance - health and retirement. For the life insurance industry to remain relevant and resonate with the changing preferences of the customers, health and retirement will be important business drivers that will enable a buoyant business.
The Life Insurance Association, Singapore (LIA) has in a statement expressed its support of the establishment of the Clinical Claims Resolution Process (CCRP).
A recent survey by ESDlife, commissioned by Hong Kong digital life insurer Blue, found that more than 40% of its respondents revealed they plan to immigrate from Hong Kong, while 59% said they have plans to leave the SAR in five years.
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