EMPLOYEES IN SINGAPORE GET LITTLE RETIREMENT SUPPORT FROM COMPANIES.

Aon recent survey reveals that working adults in Singapore ranked retirement planning as top priority but about 80% do not know how much they really need to retire as retirement support from employers is also not encouraging. One of the major challenges identified by the survey is the issue of transparency in group retirement plans, investment offerings and employees choosing short term gains over long term perspectives. According to Aon findings, employers in Singapore can have a significant impact on their employees savings by instilling smart habits and healthy money behaviors. With the right long term savings vehicles, effective communications and financial tools, employers can steer their work force in the country to be more financially resilient going forward.

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