Annuities not in favour in Singapore

clock •

SINGAPORE - Singaporeans are turning away from annuities in favour of higher monthly payouts that may not last for the rest of their lives.

Government and union leaders have been encouraging people to adopt annuities, which guarantee payouts for life, in order to secure a reliable monthly income. But more Singaporeans are adopting t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Singapore

Singapore

Aviva appoints Asia investment heads

ASIA - Aviva Investors has appointed Kevin Talbot as chief investment officer (CIO) of fixed income and Manish Singhai CIO of equities in Asia.

Jaishree Kalia
clock 02 February 2011 •
Singapore

Taiwan fund appoints Russell as transition manager

TAIWAN - The Public Service Pension Fund (PSPF) has appointed Russell Investments as transition manager in what is thought to be the first mandate win of its kind in the country.

Jaishree Kalia
clock 31 January 2011 •
Singapore

Singapore union seeks higher pension contributions

SINGAPORE - Singapore should consider asking companies to contribute more to employees' pensions as the nation's economy improves, said Lim Swee Say, secretary-general of the National Trades Union Congress.

Shamim Adam at Bloomberg News
clock 15 April 2010 •
Trustpilot