This is a sponsored advertorial from Allspring Global Investments. Investors often assume that as they move between life stages, their portfolios must undergo a complete overhaul. During working years, the accumulation phase, an investor’s primary goal is growing wealth. In retirement, the decumulation phase, their focus shifts to generating a reliable income stream to fund daily life. What if investors […]

The post Equity income: Take it or leave it? appeared first on Asian Private Banker.

St. James’s Place Wealth Management Asia (SJP Asia) on Thursday released the findings of a survey that gauged the retirement expectations of middle class to HNW individuals in Hong Kong and Singapore and how well prepared they were, financially, for their retirement lives. Over half (53%) of respondents thought they would not have saved sufficiently to sustain their lifestyle in […]

The post Entrepreneurs need flexibility to prepare for retirement: St. James’s Place appeared first on Asian Private Banker.

In light of ageing populations, retirement income strategies for Asia’s wealthy are becoming increasingly vital and could benefit from robo-advisory capabilities, John Robson, Quantifeed’s chief commercial officer, told Asian Private Banker. According to Robson, as the average retirement duration increases, so does people’s need to save as they are forced to rely less on pension schemes and family members. Wealth managers, […]

The post Retirement income strategies could benefit from robo advice: Quantifeed appeared first on Asian Private Banker.

Research suggests that, by 2020, Asia – which today has the world’s largest HNW population – could be home to more than US$14.5 trillion in HNW wealth. Asian Private Banker’s ‘Succession Planning 2018: Perceptions and Opportunities for HNWIs’ report, sponsored by Transamerica Life Bermuda, explores the industry’s perception of succession planning, clients’ needs for effective wealth transfer and wealth preservation, […]

The post Succession Planning: Life Insurance and Succession Planning (Executive Summary Part 3) appeared first on Asian Private Banker.

Research suggests that, by 2020, Asia – which today has the world’s largest HNW population – could be home to more than US$14.5 trillion in HNW wealth. Asian Private Banker’s ‘Succession Planning 2018: Perceptions and Opportunities for HNWIs’ report, sponsored by Transamerica Life Bermuda, explores the industry’s perception of succession planning, clients’ needs for effective wealth transfer and wealth preservation, […]

The post Succession Planning: The Concept of Succession Planning (Executive Summary Part 2) appeared first on Asian Private Banker.

Research suggests that, by 2020, Asia – which today has the world’s largest HNW population – could be home to more than US$14.5 trillion in HNW wealth. Asian Private Banker’s ‘Succession Planning 2018: Perceptions and Opportunities for HNWIs’ report, sponsored by Transamerica Life Bermuda, explores the industry’s perception of succession planning, clients’ needs for effective wealth transfer and wealth preservation, […]

The post Succession Planning: Life Insurance Market Landscape (Executive Summary Part 1) appeared first on Asian Private Banker.

Only 44% of Mainland millennials — those aged between 18 and 35 — have started saving for retirement, according to a China retirement readiness survey conducted by investment manager Fidelity International and Ant Fortune, the wealth management platform of Alibaba’s Ant Financial. The survey revealed that Chinese millennials have a median annual income of between RMB 30,000 and RMB 59,999 […]

The post More than half of Chinese millennials have not started planning for retirement appeared first on Asian Private Banker.

Wealthy Asians are increasingly turning to life insurance for retirement planning purposes, according to a survey by Transamerica Life Bermuda and Asian Private Banker, which surveyed a total of 456 RMs, wealth managers, independent asset managers, brokers and clients from private banks, family offices and brokerage firms in Hong Kong and Singapore between April and July 2017. The report shows that nearly […]

The post Desired Product Features and the Distribution Model of Retirement-Focused Life Insurance Products appeared first on Asian Private Banker.

Wealthy Asians are increasingly turning to life insurance for retirement planning purposes, according to a survey by Transamerica Life Bermuda and Asian Private Banker, which surveyed a total of 456 RMs, wealth managers, independent asset managers, brokers and clients from private banks, family offices and brokerage firms in Hong Kong and Singapore between April and July 2017. The report shows that nearly […]

The post HNWIs’/UHNWIs’ Attitudes Towards Retirement Planning appeared first on Asian Private Banker.

Within Asia’s retirement income space, the gap between wealth growth and product distribution is “enormous and growing”, according to Guy Mills, Manulife International’s CEO for Hong Kong and Macau. This is because wealth in the region is growing at a faster rate than product adoption, which means the opportunity for insurers is immense, Mills said at the FT Asia Insurance […]

The post Insurers see “enormous and growing” gap in Asia’s retirement solutions market appeared first on Asian Private Banker.

Transamerica Life Bermuda, which launched a new universal life plan in March, is developing a retirement product for wealthy private banking clients in order to plug a “major gap” in Asia’s high net worth (HNW) life insurance market, says Marc Lieberman, the insurer’s president and CEO. Advertisement “We’re hopeful that we can have a product possibly by the end of […]

The post Transamerica Life Bermuda developing retirement insurance product to plug “major gap” in HNW market appeared first on Asian Private Banker.

High net worth entrepreneurs in Hong Kong are challenging the traditional view of retirement, viewing it as an opportunity to ramp up their businesses rather than wind down, a recent report from UBS Wealth Management reveals. When asked about their plans in retirement, 40% of entrepreneurs in Hong Kong believed they would use their retirement period as an opportunity to […]

The post For Hong Kong entrepreneurs, retirement means business appeared first on Asian Private Banker.

Despite being on the receiving end of generational wealth in the next decade, millennials do not get sufficient information on financial matters, which makes them an untapped market for private banks, noted a joint report by BNY Mellon and the University of Cambridge. When it comes to understanding key concepts such as compounding and tax-advantaged savings, millennials are behind the […]

The post Millennials an untapped market for financial services appeared first on Asian Private Banker.

Despite improving financial literacy and investment experience, a recent Cerulli report revealed that free gifts were the most important factor for Asian clients when deciding which financial products to use for retirement. This driver was agreed upon by 66% of survey respondents and it holds true across all geographical markets (China, Taiwan, Hong Kong, Korea, Singapore, Malaysia and Thailand) as well […]

The post Perks rank highest for Asians considering retirement products appeared first on Asian Private Banker.