Few rich Asian families have wealth transfer plans: RBC
Of the 80 wealthy individuals surveyed in Singapore, only 19% have done so - the lowest in the six markets polled
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FEW wealthy Asian families, especially those in Singapore, have a proper wealth transfer plan in place, and this is tied to concerns that the next generation might not have the right values to manage the wealth well, a new survey has found.
The RBC Asia Wealth Transfer Report found that only 31 per cent of high net worth families polled across Asia had established a complete wealth transfer plan.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
