Covid-19 cited as 'key trigger' for retirement planning among Singaporeans

The Covid-19 pandemic has prompted Singaporeans to re-evaluate their attitudes towards retirement and retirement planning, especially those between 31 to 40 years old, according to a survey conducted by the Fullerton Fund Management.

The study, which polled 1,000 Singaporeans aged 21 and above on their evolving perception on retirement, saw 42% of those between 31 and 40 years old – the largest group – looking to kick start their retirement planning.

The participants had minimum personal incomes of $3,000 and own some form of investment as well.

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