Genevieve Cua

Genevieve Cua

WEALTH EDITOR

Genevieve Cua is wealth editor for The Business Times. She covers wealth management, focusing on issues relating to portfolios, retirement, insurance and healthcare. She writes a fortnightly column, Mind the Gap, and hosts WealthBT podcasts.

SpaceX will list at US$135 per share. Morningstar has valued the stock at US$63, a 53% discount to the IPO price.
THINKING ALOUD

SpaceX and other giga-listings could raise indices’ risks

Retail investors would do well to note that an IPO is mainly an exit avenue for insiders, who will profit handsomely

Vanquour chief executive Zhou Lu aims to build a presence in Asia, with financial education as a linchpin.

Governance is key to families’ ability to sustain generational wealth, says US adviser

The CEO of Vanquour Global Wealth Management believes wealth management practices in America are a model to be emulated

Be wary of sales pitches that dangle high income but are not explicit on where risks lurk.
MIND THE GAP

Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully

Consumers should educate themselves about the Retirement Sum Scheme and CPF Life, and view how these fit into their retirement plan

MAS says it expects financial adviser representatives to "act honestly and in the interests of customers when providing financial advice".

‘Capital guaranteed’ label for investment-linked policies misleading: MAS, Life Insurance Association

The death benefit of ILPs typically has a guaranteed component, but there is no capital guarantee

Young Jin Yee, co-head of UBS global wealth management for the Asia-Pacific, says UBS has the most diversified footprint among its competitors.

Strong Apac wealth creation boosts UBS’ profitability and assets to new record

The bank is eyeing growth by snagging a share of the US$83 trillion ‘great wealth transfer’

To be a trusted wealth adviser, private banks and advisory firms have to extend themselves into areas not traditionally the domain of banking and investments.
THINKING ALOUD

How advisers can play a trusted role in families’ ‘great wealth transfer’

They must take on a stewardship role, just as families must themselves serve as stewards of their assets and legacy

Renewables are a bright spot for sustainable investment funds, as energy security concerns prompt governments and corporates to diversify their energy sources.
MIND THE GAP

Sustainable investing: Net inflows and relative returns slide

Outflows from the US may not be surprising, but the same is being observed elsewhere in the world

Ascend Asia CEO Tomas Urbanec believes an open architecture is essential in the financial advisory landscape, "because competition spurs product innovation and price discovery".

Ascend Asia acquires three more financial advisory firms

The expansion allows the group to introduce more products under its ‘open architecture’ model, says CEO

Mount Alvernia is now the sole not-for-profit private hospital, but a new one is in the pipeline. It will be a welcome option for those who want more affordable private care.
MIND THE GAP

Shedding light on IP challenges: medical-cost inflation and thin margins

With the IP industry’s profit margin at just 0.5%, commissions and costs to insurers and policyholders are under scrutiny

Singapore's falling birth rate and the rise in the proportion of those aged 65 and older do not bode well for IP insurers' risk pools.
THINKING ALOUD

Demographic trends challenge IP insurers’ sustainability

Singapore is expected to reach ‘super-aged’ status this year, and an ageing population will suffer more chronic diseases and need healthcare