AIA Singapore reveals Singaporeans spend 2.5 times more on their children’s needs than their retirement planning AIA Singapore reveals Singaporeans spend 2.5 times more on their children’s needs than their retirement planning
60% of Singaporeans face an uncertain future by not prioritising their retirement planning SINGAPORE – https://www.moneysense.gov.sg/articles/2018/10/how-much-of-your-salary-should-you-save The AIA Retirement Quotient (RQ) survey... AIA Singapore reveals Singaporeans spend 2.5 times more on their children’s needs than their retirement planning

60% of Singaporeans face an uncertain future by not prioritising their retirement planning

SINGAPORE –

[4] https://www.moneysense.gov.sg/articles/2018/10/how-much-of-your-salary-should-you-save

[5] The AIA Retirement Quotient (RQ) survey studied 1,000 members of the general Singapore population mid-March 2020.

[6] According to findings from the AIA Retirement Quotient (RQ) survey conducted in mid-March 2020.

[7] According to findings from AIA Save Smarter Study 2021, AIA360 Retirement Study 2021, and AIA Health Matters Survey 2021 conducted in June 2021.

[8] https://www.weforum.org/agenda/2020/02/what-are-japan-and-singapore-doing-about-ageing-population/

[9] https://www.simge.edu.sg/news/singapores-ageing-population-and-nursing-looking-to-the-future/

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR, Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei, Macau SAR and New Zealand, and a 49 per cent joint venture in India.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$326 billion as of 31 December 2020.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 38 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).


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