05 Feb '11, 2am

A new survey says people in Singapore are most concerned with putting more cash aside for retirement

-- ST PHOTO: ABDUL AZIZ HUSSIN NOW the financial crisis has passed, people here are most concerned with putting more cash aside for retirement and rebuilding their savings, according to a new survey. About 70 per cent of respondents believed their Central Provident Fund (CPF) savings will provide only some or a little of their retirement income. Of this group, 70 per cent said they already had an alternative plan to supplement their nest egg, although only 27 per cent of the total number of respondents had a formal retirement plan. The survey, commissioned by global financial services company Citi, found that continuing to work and relying on insurance and investments were the most popular ways chosen by people to add to their retirement fund. About 52 per cent indicated that they would continue to work as long as possible. The same number also said they would rely on insu...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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