How will the next phase
of your life play out?

The latest Diverse Asia white paper examines family caring responsibilities and retirement planning across six markets – Hong Kong, Indonesia, Mainland China, Malaysia, Singapore and Taiwan region. A survey of 4,000 people uncovered some thought-provoking facts¹.

Learn more: Latest white paper

Your retirement will not look like your parents’ retirement

Most of Asia’s “sandwich generation”²—especially in Indonesia—place their family’s needs above their own, much to the detriment of their own retirement³.

Retirement budgeting is now an incredibly complicated affair when most Asians are financing their elderly and their young with little government assistance.

Learn more: Family structure change

Parents and children are usually given the highest resource priority in modern families, resulting in less support for their own retirement.

While many do diversify their investments after they have children, wealth-building journeys must begin at earlier life stages to counteract the rising costs of living.

Life’s extended chapters might cost us more than what we are prepared to pay

Asia is aging three to four times faster than the rest of the world. Longevity is great, but longer years in retirement mean a bigger price tag to prepare for.

Learn more: Demographic challenge

Many Asians worry that they may outlive their retirement savings.

Fortunately, the majority are eager for guidance to secure a comfortable retirement for themselves.

Are familial finances too private to share?

Paradoxically, the same great majority treat family finances as private matters to be discussed with their spouse, siblings, or even, nobody.

In fact, only 5% bring them up with experts.

Key reasons for this include an inability to choose an adviser and a lack of understanding of how they can help.

Most Asians want a retirement without being a burden on their children or relatives.

Nearly half of them regret not helping their parents set up their own retirement plans, which would have reduced their eventual familial financial obligations. ¹⁰

Let us help you plan to retire on your own terms

Our global team of experts are primed with strategies to help you balance your current wants and your future needs so you can confidently achieve your own financial freedom in retirement.

Begin your “invest for retirement” journey with us today!

<h2><em>Better</em> Income</h2> <h4>An investment approach that generates regular income while balancing your priorities & your long-term goals.</h4>

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An investment approach that generates regular income while balancing your priorities & your long-term goals.

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<h2><em>Better</em> Retirement</h2> <h4><span style="font-weight: normal;">Retiring on your own terms.<br>  </span></h4>

Better Retirement

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1. Manulife Investment Management. The survey was conducted in April and May 2024.

2. Middle-aged adults who are caring for both elderly parents and their own children.

3. Chart 1 of the white paper "Who's your family's retirement plan?". Survey question: Which of the following statements do you agree with more / can describe you better? I always put my family needs (e.g. parents, children) before my own needs, or I always put my own needs before my family’s needs (e.g. parents, children).

4. Chart 2 of the white paper "Who's your family's retirement plan?". Survey question: Whom in your family do you currently have financial responsibility for (i.e. need to provide for them financially on a regular or occasional basis)? Please choose all that apply.

5. Reference: AHWIN, “Data on Aging. Available from www.ahwin.org/data-on-aging; compiled based on United Nations, Department of Economic and Social Affairs, Population Division, World Population Prospects: The 2022 Revision, Key Findings and Advance Tables (2022).

6. "Diverse Asia – the demographic challenge“.

7. Chart 10 of the white paper "Who's your family's retirement plan?". Survey question: Thinking about your current financial responsibility for the elderly in your family, how much do you agree or disagree with the following statements? Top three boxes on a 7-point scale.

8. Chart 6 of the white paper "Who's your family's retirement plan?". Survey question to those with financial responsibility for elderly (parents or grandparents): Have you discussed with anyone the topic of your family financial responsibility? If yes, with whom?

9. Chart 7 of the white paper "Who's your family's retirement plan?". Survey question to those who have not discussed financial responsibility for elderly with financial planners about their financial responsibility for elderly: ‘ Why have you not discussed with any financial planners / advisers?’

10. Chart 11 of the white paper "Who's your family's retirement plan?". Survey question for those with financial responsibility for the elderly: ‘In your opinion, what could you have done to lessen your current family financial responsibility, especially for the elderly?’

11. Manulife Investment Management. The survey was conducted in April and May 2024. Survey question: How much do you agree or disagree with each of the following statements about your potential income after retirement / in older years?

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How will the next phase of your life play out?

The latest Diverse Asia white paper examines family caring responsibilities and retirement planning across six markets – Hong Kong, Indonesia, Mainland China, Malaysia, Singapore and Taiwan region. A survey of 4,000 people uncovered some thought-provoking facts1. Learn more: Latest white paper