Summary
Residents of Singapore show strong retirement engagement and confidence, but gaps remain in savings adequacy and protection against health, inflation, longevity, and long-term care risks. Retirement strategies are shifting toward principal drawdown, while interest in lifetime income and insurance products continues to grow.
Key Findings
- Retirement readiness varies by life stage, with Retirees stronger in practical planning and Prime Age Workers stronger in long-term asset planning.
- Confidence is high, but savings remain uncertain, as 78% believe they have enough for retirement.
- Health and inflation are the leading concerns, especially chronic illness, healthcare costs, and rising prices.
- Demand for protection products is strong, particularly lifetime income, critical illness, and long-term care coverage.
- Principal drawdown is increasingly common, rising from 45% in 2018 to 78% in 2026.
Published on:
August 12, 2026