Singapore
BANKS are finding gold in Singapore's silver economy as they help the ageing population plan for their lifestyle, wealth and health needs.
Following recent moves by OCBC and Standard Chartered Bank, Maybank is the latest to woo seniors, but the Malaysian bank has gone one step further: it has set the eligibility age at 50 - five years earlier than that at the other two banks.
Adam Tan, head of branch distribution at Maybank explained the reasons for the lower eligible age: "Retirement planning should be done as early as one starts working... For those who have already hit 50, our programme helps them relook at their portfolio and offers our services to grow and protect their wealth, as...