Media OutReach
Three in Four Singaporeans Prioritise Leaving an Inheritance for Future Generations
Millennials and Gen Zs lead the charge in proactive wealth planning; Gen Zs also have the highest expectations towards receiving an inheritance
SINGAPORE – Media OutReach Newswire – 19 August 2025 – A new report by Etiqa Insurance Singapore spotlights growing trends in intergenerational wealth transfer, with 77% of Singaporeans prioritising leaving a financial legacy to future generations. With two-thirds of Singaporeans having either received, transferred or expect to receive or transfer their wealth, a commitment most pronounced among those aged 55 and above (74%), proactive wealth planning and management for Singaporeans is more crucial than ever.
78% of Singaporeans aged 55 years and above prioritise the importance of discussing inheritance matters with their families, signalling a clear cultural shift toward open and proactive legacy planning. This reflects a broader societal shift towards greater transparency and responsibility in legacy planning, as older Singaporeans recognise the importance of wealth transfer conversations before one’s passing.
Over half of Singaporeans surveyed (53%) have either received or expect to receive an inheritance. This expectation is even higher among younger Singaporeans, with 62% under the age of 24 expecting to receive an inheritance. This indicates the need for early financial literacy and planning to ensure wealth is managed effectively.
Among Singaporeans who expect to receive or give an inheritance, one in five anticipate a windfall of $1 million or more. With large sums potentially involved, financial education becomes key, and recipients need financial planning and management to manage this wealth.
Among Singaporeans who have received their inheritance, 53% believe the inheritance plays a critical role in their long-term financial stability. In contrast only 35% of Singaporeans who have yet to receive an inheritance see it as critical factor that ensures their long-term financial stability. As the true value of an inheritance often becomes clear only after it is received, proactive financial guidance is essential to help individuals integrate it effectively into their long-term financial goals.
Other key findings of the survey include:
- Nearly half (46%) of Singaporeans have plans to or have already initiated wealth transfers during their lifetime, shifting away from solely relying on transfers upon their passing.
- About half of Singaporeans surveyed (49%) actively use insurance as an instrument for wealth transfer, recognising it as an effective method for legacy planning beyond basic protection.
- Most Singaporeans preparing to pass on wealth involve their family in financial planning conversations (42%) and instilling values of responsibility and diligence (41%). A notable 18% still lack a plan for successor readiness.
- Wealth transfer comes with complexities. Key worries for Singaporeans regarding wealth transfer include family conflict (36%), maintaining their own financial security (34%), and fears of mismanagement of wealth (31%).
- One in three Singaporeans now involve a financial advisor in their wealth transfer planning, reflecting a growing recognition of the critical need for expert guidance in navigating complex legacy decisions.
“Our Wealth Transfer Insights Report findings indicate that wealth transfer is increasingly viewed not just as a financial event, but as a purposeful act of next generation empowerment,” said Raymond Ong, CEO of Etiqa Insurance Singapore. “It is heartening that Singaporeans are having conversations about wealth planning through open family dialogue and meticulous planning, fundamental to ensuring financial well-being of their families.”
“While Singaporeans demonstrate a strong commitment to securing their family’s financial future through wealth transfer, potential challenges such as wealth mismanagement and preserving this wealth for next generation need to be addressed,” Mr. Ong emphasised. “More strategic and informed legacy planning to bridge existing gaps and fostering continuous open dialogue are essential steps to ensure that legacies not only endure but truly empower future generations.”
Etiqa Insurance Singapore supports the community through financial planning literacy workshops and activities designed to empower individuals across all age groups. These initiatives, that will be rolled out in phases in coming years, aim to equip participants with the essential knowledge to protect, grow, and manage their wealth effectively. Find out more at: www.etiqa.com.sg
Etiqa Insurance Singapore Wealth Transfer Insights Report
The Etiqa Insurance Singapore Wealth Transfer Insights Report was conducted in collaboration with Kantar in June 2025, surveying 1,008 Singapore citizens and permanent residents across four age groups: Gen Z (18 to 28 years old), Millennials (29 to 43 years old), Gen X (44 to 59 years old), and Seniors (60 and above). This study delves into the attitudes, expectations and strategies around both receiving and passing wealth to the next generation.
Hashtag: #EtiqaInsurance
The issuer is solely responsible for the content of this announcement.
Etiqa Insurance Pte. Ltd.
Etiqa Insurance Pte. Ltd. (EIPL) is a life and general insurance company licensed and regulated by the Monetary Authority of Singapore and governed by the Insurance Act 1966. Having protected customers in Singapore since 1961 under the name United General Insurance Co. Sdn. Bhd., the company transitioned into the Singapore branch of Etiqa Insurance Berhad in 2009. Today, EIPL in Singapore stands as the pivotal operating entity of Etiqa Insurance Group, a leading insurance and takaful provider in ASEAN.
EIPL offers a comprehensive range of life and general insurance products accessible through its diverse distribution channels, including bancassurance, agents, brokers, financial advisers, partnerships, direct and online sales via Tiq by Etiqa. Etiqa is rated ‘A’ by credit rating agency Fitch for the group’s ‘Favorable’ business profile. EIPL is owned by Maybank Ageas Holdings Berhad, a joint venture combining local market expertise with international insurance knowledge, with 69% ownership by Maybank, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group operating across 13 countries.
We sincerely thank our customers for their continued trust. AIA Hong Kong’s sustained leadership in the number of new business policies reflects that when people seek to protect their own and their loved ones’ future through insurance, AIA’s quality health and wealth solutions — together with services and experiences that go beyond traditional insurance — consistently stand out as their preferred choice.
We remain committed to protecting every moment that matters and helping people and the communities we serve to live Healthier, Longer, Better Lives.
Notes:
* Source: The latest provisional statistics of the Insurance Authority on Hong Kong long-term insurance business from January to September 2025.
** Based on statistics from Insurance Authority released since 2014 – Provisional statistics of the Insurance Authority on Hong Kong long-term insurance business.
Hashtag: #AIAHongKong
The issuer is solely responsible for the content of this announcement.
About AIA Hong Kong & Macau
AIA Group Limited established its operations in Hong Kong in 1931. To date, AIA Hong Kong and AIA Macau have about 18,000 financial planners1, as well as an extensive network of independent financial advisors, brokerage and bancassurance partners. We serve over 3.6 million customers2, offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, pension, personal lines insurance to investment-linked assurance schemes with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high-net-worth customers.
1 As at 30 June 2025
2 Including AIA Hong Kong and AIA Macau’s individual life, group insurance and pension customers (as at 30 June 2025)
All nominations will undergo a rigorous screening and evaluation process conducted by the VinFuture Pre-Screening Committee and the Prize Council, which comprise leading scientists from around the world, including laureates of prestigious international awards such as the Nobel Prize, the Turing Award, and the Millennium Technology Prize.
The evaluation process is scheduled to be completed by September 2026, with the 6th VinFuture Prize Award Ceremony slated for early December 2026. Nominations submitted after April 17, 2026 will automatically be considered for the 2027 season.
In order to provide comprehensive information and strengthen engagement with its global network of nomination partners, the VinFuture Foundation will host two international webinars in the first quarter of 2026, featuring insights and perspectives from representatives of the Prize Council, the Pre-Screening Committee, and VinFuture Laureates. The first webinar will take place at 8:00 AM on January 26, 2026 (Hanoi time).
In 2026, the VinFuture Prize will continue the implementation of its Top Nominators Recognition Program, formally acknowledging the exceptional contributions of scientists whose discernment and scholarly leadership are instrumental in identifying and nominating scientific and technological achievements of transformative significance for humanity.
Having completed five successive and highly successful award cycles, the VinFuture Prize has established itself as a globally respected distinction within the international science and technology community. To date, it has received a cumulative total of 6,132 nominations from nearly 110 countries and territories and has recognized 48 outstanding scientists whose pioneering work has delivered profound, enduring, and far-reaching benefits to humanity.
Many of the achievements recognized by the VinFuture Prize are closely aligned with major milestones in human progress, ranging from global networking technologies, PERC solar cells, lithium-ion battery energy storage, and artificial intelligence to essential fields such as sustainable agriculture, healthcare, and environmental protection. Reflecting its expanding international reach, VinFuture’s global nomination partner network now includes nearly 15,000 scientists worldwide.
Dr. Thai-Ha Le, Managing Director of the VinFuture Foundation, stated: “After five years of establishment and development, VinFuture Prize has steadily affirmed its position as one of the world’s leading global science prizes, where outstanding scientific excellence is honored in parallel with social responsibility and the long-term interests of humanity. As we enter the 2026 season, we anticipate that nominations will continue to demonstrate the pivotal role of science and technology in addressing global challenges in a comprehensive manner, thereby advancing breakthrough solutions with strong applicability and the capacity to generate positive and sustainable impacts on a global scale.”
With its established international stature and credibility, VinFuture has contributed meaningfully to positioning Viet Nam as an emerging hub for global knowledge exchange and scientific collaboration. Numerous VinFuture partners have traveled to Viet Nam to engage in academic exchanges, share professional expertise, and strengthen ties with the domestic scientific community. Notable participants include Professor Aldo Steinfeld of the Swiss Federal Institute of Technology Zurich (ETH Zurich), recipient of the 2024 SolarPACES Lifetime Achievement Award; Professor Kurt Kremer, Honorary Director of the Max Planck Institute for Polymer Research (Germany); and Professor Chuanbin Mao of The Chinese University of Hong Kong (China), ranked among the world’s top 2% most-cited scientists in biomedical engineering…
Through VinFuture, many Vietnamese scientists have likewise gained access to, and established collaborations with, leading global researchers, actively engaging with the international scientific community to help shape a sustainable future for Vietnam and for humanity at large.
Hashtag: #VinFuture
The issuer is solely responsible for the content of this announcement.
Through this collaboration, FED Fitness and the Houston Rockets aim to bridge professional training standards with the at-home fitness experience, encouraging consistent movement and healthy routines for people of all ages and fitness levels.
FED Fitness offers a wide range of high-quality home exercise equipment, competitive pricing, and a free training app—aligning seamlessly with the Rockets’ performance-driven mindset and community-focused approach to sport and wellness.
Notably, this marks the Houston Rockets’ first partnership with a dedicated home gym solutions brand, reflecting the growing importance of home-based training within the evolving sports and fitness landscape. The partnership also reinforces FED Fitness’s expertise, product quality, and long-term strategic vision, as elite sports organizations increasingly align with innovative home fitness brands.
At the heart of the partnership is a shared commitment to health, discipline, and long-term fitness habits—whether training at home or competing at the highest level on the court.
Extending Professional Training into the Home
FED Fitness operates with the belief that fitness should be accessible, enjoyable, and sustainable, providing solutions designed to support users at different stages of their home fitness journey.
FED Fitness Home Gym Solutions
Its home gym solutions are defined by several core characteristics:
- Professionalgrade equipment
- Home training content system
- Spacefriendly designs
- Scenariodriven content
- Sustainable training system
FED Fitness is more than just equipment treadmills, ellipticals, strength machines, and lightweight accessories. Instead, it goes above and beyond by providing an entire home fitness ecosystem that includes training and health data.
Partnership Benefits for Consumers and Fans
The partnership between FED Fitness and the Houston Rockets is built on a shared focus on training, health, and fitness, as well as a mutual commitment to creating engaging, family-friendly experiences around the game.
Designed to benefit both organizations, the collaboration also delivers added value for Rockets fans through a variety of interactive activations and promotions. These include a sweepstakes for a VIP game experience, home training content featuring FED Fitness products and Houston Rockets personnel, and opportunities for co-branded merchandise offerings. Fans can also follow FED Fitness on social media to access exclusive, fans-only discounts.
About FED Fitness: Brand vision and global health mission
FED Fitness is a global home gym solution brand focused on delivering professional-grade equipment and digital training tools for home use.
Trusted by more than 12 million households worldwide, the brand is committed to helping individuals and families build sustainable fitness habits through accessible, high-quality solutions.
The partnership with the Houston Rockets further reinforces FED Fitness’s long-term vision of integrating professional training standards into home-based fitness and everyday life.
For more information, visit www.fedfitness.com
Hashtag: #FEDFitness
The issuer is solely responsible for the content of this announcement.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn