Standard Chartered Bank and Prudential | The retirement issue is 300x bigger than you think
The people we are talking to think they could maintain their current lifestyle upon retirement. We want them to think again.
Hong Kong has the world’s longest lifespan, is it the most ready for retirement? No.
Only 13% of high income groups are subscribed to retirement plans. They believe they can maintain the comfortable life they are living now even upon retirement. But they may not. Because according to the ‘Rule of 300’, the money needed at retirement will equal to 300 times of their current monthly spending. That’s how Standard Chartered and Prudential could offer help with an easy checklist called the ’10 Retirement Tactics’.