OCBC sees more taking first step in financial planning
Biggest growing segment of people planning finances under 40; more are starting younger
Add BT as a preferred source
Singapore
SINGAPORE might be a well-developed financial centre, but consumers here remain daunted by the effort it seems to take to plan their finances.
This fear of financial planning has an impact on their financial well-being. About 75 per cent of Singaporeans are not on track to their ideal retirement and only 28 per cent save a portion of their salary every month, recent data from OCBC's Financial Wellness Index showed.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
