SJP Retirement options
No retirement plan while living in the UAE?
That’s like making a seaside sandcastle a forever home.
What does Singapore, Hong Kong and the UAE have in common?
Exorbitantly high costs of living - particularly housing prices and rent.
This doesn’t make saving for retirement as easy as some financial advisors make it out to be. Retirement planning while living in Singapore, Hong Kong, or the UAE is hard work.
Top 20 most expensive global cities
2021 | 2020 | City | Country |
---|---|---|---|
1 | 2 | Ashgabat | Turkmenistan |
2 | 1 | Hong Kong | Hong Kong (SAR) |
3 | 45 | Beirut | Lebanon |
4 | 3 | Tokyo | Japan |
5 | 4 | Zurich | Switzerland |
6 | 7 | Shanghai | China |
7 | 5 | Singapore | Singapore |
8 | 9 | Geneva | Switzerland |
9 | 10 | Beijing | China |
10 | 8 | Bern | Switzerland |
11 | 11 | Seoul | South Korea |
12 | 13 | Shenzhen | China |
13 | 15 | Ndjamena | Chad |
14 | 6 | New York City | US |
15 | 12 | Tel Aviv | Israel |
16 | 25 | Copenhagen | Denmark |
17 | 20 | Guangzhou | China |
18 | 19 | London | UK |
19 | 18 | Lagos | Nigeria |
20 | 33 | Libreville | Gabon |
=20 | 17 | Los Angeles | US |
Source: Mercer's 2021 Cost of Living City Ranking
A checklist for your retirement goals: Plan, save, and invest now, or scramble later
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Start retirement planning early because inflation doesn’t take rest days
Everyone is on a different life trajectory, and our financial situations, responsibilities, and retirement goals can differ greatly from our peers’, regardless of age. That’s why identifying our retirement lifestyle target, not age, is necessary to determine how much Income Protection and Critical Illness Cover we need.
Let’s not forget — delays in liquidity and payouts have direct consequences on when we’re able to use our hard-earned money. Stay on track to maintaining and achieving your ideal retirement goals by accounting for and insuring yourself against unknown possibilities that could happen.
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Start retirement saving early and keep the monthly payday alive
Procrastination is a curse. In many ways it’s like a credit card - it’s fun until the bill hits you. Build that financial nest egg by complementing our retirement saving plans with mandatory government schemes, such as CPF, MPF, or SRS.
If you're an expatriate who has made Asia their home for an extended period of time, and you're concerned about the process of closing mandatory government retirement saving accounts, reach out to St. James’s Place to guide you through the arduous process and protect your retirement goals.
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Start investing for retirement early so there’s enough to go around
If your retirement plan relies on savings alone, it’s like trying to outrun a storm with a bicycle. No one can completely steer clear of inflation and dark financial clouds! Instead, equipping ourselves to survive, or even thrive, in a turbulent financial climate is what will ensure your retirement goals are protected.
Make that stability a reality with St. James’s Place’s personalised financial advice and flexible investment options. Remember, investing for retirement is all about time in the market - not timing the market. The sooner we start, the more secure our retirement goals will be.*
*The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
Everyone is on a different life trajectory, and our financial situations, responsibilities, and retirement goals can differ greatly from our peers’, regardless of age. That’s why identifying our retirement lifestyle target, not age, is necessary to determine how much Income Protection and Critical Illness Cover we need.
Let’s not forget — delays in liquidity and payouts have direct consequences on when we’re able to use our hard-earned money. Stay on track to maintaining and achieving your ideal retirement goals by accounting for and insuring yourself against unknown possibilities that could happen.
Procrastination is a curse. In many ways it’s like a credit card - it’s fun until the bill hits you. Build that financial nest egg by complementing our retirement saving plans with mandatory government schemes, such as CPF, MPF, or SRS.
If you're an expatriate who has made Asia their home for an extended period of time, and you're concerned about the process of closing mandatory government retirement saving accounts, reach out to St. James’s Place to guide you through the arduous process and protect your retirement goals.
If your retirement plan relies on savings alone, it’s like trying to outrun a storm with a bicycle. No one can completely steer clear of inflation and dark financial clouds! Instead, equipping ourselves to survive, or even thrive, in a turbulent financial climate is what will ensure your retirement goals are protected.
Make that stability a reality with St. James’s Place’s personalised financial advice and flexible investment options. Remember, investing for retirement is all about time in the market - not timing the market. The sooner we start, the more secure our retirement goals will be.*
*The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
Retirement planning is all about following your heart, but taking your head with you
Responsible investing isn’t limited to securing what’s in our bank account, but the future of a world that we all share. Where we put our savings and investments says a lot about the kind of world we wish to create and the retirement goals we’re able to fulfil. So when investing for retirement, invest in funds, organisations, and assets that are geared towards building a secure future for your loved ones. Because just like climate change, ESG investing is here to stay.
The St. James’s Place advantage for retirement savings
A one-size-fits-all approach never satisfied anyone - especially when it comes to something as personal as finance and retirement planning. Our financial advisors engage leading fund managers from all over the world so that you have a smorgasbord of options to satisfy your every retirement goal. Our mission is to keep you in the driver's seat but give you the confidence to take proactive steps towards a secure retirement.
Please note that the St. James’s Place approach to investment management only applies to St. James’s Place products.
You’re not alone
Are people in Singapore and Hong Kong ready for retirement?
- 70% are worried about their ability to cover healthcare costs in retirement
- 65% are worried about being a financial burden to their families
- 59% do not fully understand the financial products and services available
- 57% have not accounted for inflation in their financial planning