Technical Feature - Pensions: Are Singaporeans Living Too Long?
Source: Asia Insurance Review | Nov 2007
Singapore is experiencing a situation similar to those of many developed nations - a fast-ageing population. Post-war “baby boomers” of the 1950s are reaching retirement age, while fertility rates have fallen. Singaporeans have been blessed with a double-edged sword – longevity. Manulife (Singapore) Pte Ltd looks at how the Singapore Government is working out schemes to ensure that the older population get to live their golden years without worry and roping in the insurers on some of the schemes.
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