1 in 2 Singaporeans lack a financial plan for their retirement

Some believe they still have to work beyond retirement to earn.

Asia’s number of elderly persons is expected to triple from 438 million in 2010 to more than 1.26 billion by 2050.

According to DBS, this unprecedented "retiree boom" or “silver tsunami” threatens to negatively affect retirement income security.

DBS adds that as this unfolds, responsibility for retirement income security is increasingly falling on the shoulders of individuals, instead of the state alone. As an advanced economy, Singapore faces these sorts of issues.

Only 25% of Singapore respondents have implemented a financial plan for their retirement, while another 25% are still at the planning stage. The rest (50%) do not have a concrete financial plan in place.

Nevertheless, one in two Singaporeans (50%) believe they will have to work beyond the normal retirement age, according to another study. It showed that many Singaporeans understand they will have to extend their working years in part- or full-time activities that allow them to complement their retirement incomes.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia