Residents of the two markets appear most likely to turn to money managers to help them save for retirement, finds a global retirement survey. They are keener on financial planning, too.
East Asians must take more responsibility for their pension needs, as government- and employer-backed systems struggle to provide sufficient retirement income, finds a new study.
Some of the region's biggest social-security and pension funds convened in Sydney this week to discuss topics such as overseas investing and annuity provision.
The consultancy has appointed Alan Oates as leader of its retirement risk and finance business in the territory. He will also advise multinational clients around Asia.
Singapore ranks highest in Asia in a judging of global pension systems and their ability to support ageing populations, according to consultants Mercer.
AsianInvestor magazine is sponsoring a competition and welcomes any individual or organization to submit a paper outlining Hong Kong's Future Retirement System.