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SG60 Financial Future Poll: Half of Gen Zs believe they can retire well but 72 per cent have no plan
Baby Boomers wish they started planning 12 years earlier
SINGAPORE – Media OutReach Newswire – 28 August 2025 – As Singapore celebrates 60 years of independence, Gen Zs (aged 16-28) are optimistic about their financial future in the next 60 years ahead. Half (51 per cent) of them are confident they will be able to retire well and pay for their daily necessities, healthcare and other expenses. This young cohort displays slightly more optimism than Millennials (45 per cent) and Gen Xs (38 per cent).
However, 72 per cent of Gen Zs say that they do not have a retirement plan. As they are mostly students and new entrants to the workforce, they are focused on growing their earning power and prefer to begin saving for retirement when they have more disposable income later in life.
Gen Zs have unique work/life preferences that need to be considered in developing their retirement plans. They are focused on earning multiple income streams (41 per cent). In addition, 60 per cent do not value work-life balance over career advancement, more so than older generations. About 32 per cent hope to find remote work opportunities so they can balance work and travel, and 22 per cent are keen on having multiple “micro-retirements”. Half (54 per cent) expect to retire by the age of 60, and 20 per cent aim to do so by 50.
These insights are from the SG60 Financial Future Poll[1] commissioned by Prudential Singapore (“Prudential”), which surveyed 1,000 Singapore residents aged 17 to 76 in July 2025. It explores how ready Singaporeans are for retirement over the next 60 years and asks Baby Boomers (aged 55 and above) about the financial decisions that they might have made differently.
Mr Jeff Ang, CEO of Prudential Financial Advisers Singapore, said: “Gen Zs are confident about the next 60 years because they have grown up in a nation that has flourished and provided them with the opportunities to thrive. They are go-getters who are willing to work hard while they are young to cultivate multiple income streams, but they want to do so on their own terms, with frequent travel and breaks.
“While it is easy to delay retirement planning when you are focused on earning, it is important to boost your financial power by seeking financial advice early. You don’t need a large sum to begin—starting small and staying consistent can go a long way, especially with the power of compounding. Optimism and hustle are great, and when paired with financial planning, they will set you up for long-term success.”
Baby Boomers wish they had started financial planning 12 years earlier
Gen Zs could do well from listening to the advice of Baby Boomers who have decades of experience in managing their money. Almost all Baby Boomers (94 per cent) said they would have changed their approach to financial planning. They wish they had started financial planning 12 years earlier – at age[2] 28, rather than 40. On average, Singaporeans across all ages said they should have started five years earlier.
Reflecting on their life journey, Baby Boomers’ top regrets for delaying retirement planning include:
- 61 per cent wish they built stronger financial habits sooner
- 49 per cent think they could have retired much earlier with timely financial planning
- 45 per cent feel they would have experienced less stress about retirement savings
- 35 per cent wish they had begun investing earlier
- 28 per cent regret unnecessary spending
Said Mdm Sherafina Tan, 62: “In hindsight, I wish I had started planning for retirement much earlier. Now that I’m retired, I’m more aware of how quickly expenses can add up, especially as the cost of living continues to rise and healthcare becomes more expensive. Although I have supportive children, I don’t want to be a financial burden to them. I was thinking I’ll spend 10-20 years in retirement, but it may be 30 years or more since we are living longer. I should have done more with my spare cash by investing the money.”
The high cost of living (75 per cent), healthcare costs (56 per cent), and insufficient income growth (50 per cent), were cited as key concerns among the respondents of the different age groups.
Added Mr Ang: “Older Singaporeans are now focusing on how to live well beyond 60 and into their golden years. They need lasting wealth streams to manage the inevitably increasing costs of living due to inflation and other factors. Your CPF and bank savings are a good start to achieving financial security. This should be complemented by a diversified wealth portfolio with the right investments to bring in passive income and adequate life and health insurance coverage to support your lifestyle over time.”
When asked how they would fund their retirement, the majority of respondents cited CPF savings (67 per cent) and bank savings (62 per cent) as their top sources of funding for retirement. They also intend to draw on other wealth generation options including stocks, index mutual funds/Exchange Trade Funds (“ETFs”) tracking indices such as S&P 500, bonds, insurance policies and investment-linked plans (ILPs).
Concludes Mr Ang: “Our survey shows that Gen Zs and Millennials are more likely to invest in index mutual funds and ETFs, while relying less on insurance for retirement compared to the older generations. They should also consider protection as part of their long-term financial strategy. Health insurance is best bought early while you are still in good health. Other types of insurance such as savings and wealth accumulation solutions can offer the growth and stability that Singaporeans look for as they manage rising costs and plan for life beyond 60.”
Hashtag: #Prudential #Prudential #FinancialFuturePoll #PrudentialFinancialFuturePoll
https://www.prudential.com.sg/
https://www.linkedin.com/company/prudential-assurance-company-singapore
The issuer is solely responsible for the content of this announcement.
About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)
Prudential Assurance Company Singapore (Pte) Ltd is one of the top life and health insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 94 years. The company has an AA- financial strength rating from leading credit rating agency Standard & Poor’s, with S$57.7 billion funds under management as at 31 December 2024. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,400 financial representatives.
As awareness around women’s health continues to grow, menopause remains a life stage that is frequently underserved by mainstream health solutions. JR Life Sciences is responding to this gap with a science-backed, plant-derived formulation that offers a natural alternative to conventional hormone-based therapies, one that is both accessible and aligned with the preferences of today’s health-conscious consumer.
Menopause Relief is a once-daily capsule containing three plant-based phytoestrogens, each selected for their clinically studied benefits in managing menopause symptoms and supporting long-term health. The formulation is free from synthetic hormones and is suitable for both vegetarian and vegan diets, making it broadly accessible across diverse consumer lifestyles.
Key active ingredients include:
- Lifenol Hops Extract (8-PN phytoestrogen): Shown to lessen hot flushes, night sweats, sleep disturbances, restlessness and irritability while helping to maintain total-body bone-mineral density.
- Flax Lignan (SDG phytoestrogen): Provides gentle hormonal support that helps balance oestrogen levels during the transition.
- Soy Isoflavone (genistein and daidzein): Supports bone strength, reduces hot flashes and steadies mild mood swings.
The launch of Menopause Relief reflects a broader strategic priority for JR Life Sciences: to expand its women’s health portfolio in response to growing consumer demand for natural health solutions. In Singapore, where an ageing population is driving increased interest in preventive health and targeted supplementation, the company sees a significant opportunity to better serve women navigating the menopause transition.
Holistic Way currently distributes a comprehensive range of nutraceuticals across key health categories, including:
- Musculoskeletal Health: Products categorised under joint supplements to address knee pain and mobility concerns in ageing demographics.
- Immunity & General Health: Daily essentials ranging from Vitamin C tablets and multivitamin supplements to vitamins for the immune system.
- Specialised Care: Targeted formulations including eye health supplements, probiotics supplements, and heart health supplements.
- Beauty & Wellness: Functional supplements such as collagen shots, hair growth supplements, and anti-ageing supplements.
As JR Life Sciences prepares for 2027, its focus remains on addressing unmet market needs and evolving consumer expectations. Guided by a commitment to science-backed innovation and quality, the company continues to invest in building a future-ready product pipeline that supports long-term well-being and reinforces trust among consumers in Singapore and beyond.
Menopause Relief is now available through Holistic Way’s retail and digital channels. For more information, visit https://holisticway.com.sg/.
Hashtag: #HolisticWay
The issuer is solely responsible for the content of this announcement.
About Holistic Way
Holistic Way is a leading Singapore-based health supplement brand under JR Life Sciences, committed to supporting holistic wellbeing through science-led nutrition. The brand offers a comprehensive range of supplements formulated to support key health areas, including immunity, hormonal balance, joint health, digestive wellness, and healthy ageing. Guided by evidence-based research and stringent quality standards, Holistic Way focuses on delivering effective, reliable solutions that address both everyday wellness needs and specific life-stage concerns. Through its emphasis on scientific integrity and product excellence, Holistic Way empowers individuals to take proactive control of their health and well-being.
Emerging economies are becoming the EV industry’s fastest-growing markets, creating new opportunities for automakers with an international footprint. VinFast’s latest expansion reflects that shift.
DUBAI, UNITED ARAB EMIRATES – Media OutReach Newswire – 5 August 2026 – For much of the past decade, the global electric vehicle conversation has revolved around three markets: China, the United States, and Europe. But recent industry data suggests the next chapter may be written elsewhere.
According to the International Energy Agency (IEA), global car sales fell about 5% in the first half of 2026 as economic pressures, fuel price volatility and policy changes weighed on demand in China and the US. Yet electric vehicle sales rebounded strongly in the second quarter, reaching record levels in 50 countries. Markets including Vietnam, India, Australia and South Korea roughly doubled EV sales compared with a year earlier, while more than 90 countries posted year-on-year growth during the first half of the year.
The shift reflects a broader change in where future industry growth is likely to come from. While China remains the world’s largest EV market, the IEA expects sales there to stagnate this year for the first time this decade, even as electric vehicles account for more than 60% of new car sales. Meanwhile, emerging markets are becoming increasingly important, supported by expanding policy incentives, growing charging infrastructure and rising consumer interest.
The agency also notes that China and other emerging economies are expected to account for around 60% of global car demand over the next decade, making success in these markets an increasingly important determinant of future automotive leadership.
VinFast’s latest performance reflects this changing landscape.
The Vietnamese automaker delivered 70,085 electric vehicles globally in the second quarter of 2026, up 96% year-on-year, bringing first-half deliveries to 128,662 vehicles, a 78% increase from the same period last year. The company’s two-wheel business also continued to expand rapidly, with 286,039 electric scooters and e-bikes delivered during the quarter, up 311% year-on-year.
The delivery mix also highlights the importance of products designed for diverse market needs. Models ranging from the compact VF 3 and VF 5 to the Limo Green MPV and the newly introduced VF MPV 7 all contributed meaningfully to second-quarter volumes, suggesting demand is spread across both personal mobility and commercial transportation segments.
Just as significant is where those vehicles are going.
In July, VinFast exported more than 5,000 electric vehicles aboard two dedicated vessels. One shipment, consisting of approximately 1,500 VF 6 SUVs, was designated for partner Green SM’s planned expansion in Europe, while another transported more than 3,500 vehicles to the Philippines and Indonesia. The voyages marked VinFast’s 37th and 38th international export shipments in fewer than four years, underscoring the increasing operational scale behind its global expansion.
VinFast’s effort in international market, including in the Middle East, shows that as growth becomes more geographically diversified, automakers can no longer rely on a handful of mature markets to drive expansion. Instead, success will increasingly depend on building products, distribution networks and operations that can compete across a wide range of emerging economies.
For the global EV industry, the center of gravity is not disappearing from established markets. It is becoming far more distributed. VinFast’s recent momentum suggests that companies positioned across multiple high-growth regions may be among the best placed to benefit from that shift.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
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EM Services and SPTel Partner to Advance Smart Estate Management Through Digital Connectivity and IoT Solutions
- Faster detection of estate issues
- Faster response and resolution times
- Better use of manpower and resources
- Better services and living environments for residents
CEO
EM Services
Chief Executive Officer
SPTel
Hashtag: #EMServices #SPTel
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About EM Services
About SPTel
