high net worth individuals (HNWI)

Singapore retains title as most expensive city for luxury spending: Julius Baer report - THE EDGE SINGAPORE

Wealth

Singapore retains title as most expensive city for luxury spending: Julius Baer report

Just two years ago, Singapore placed fifth behind cities like London and Taipei in the 2022 version of the annual report.

Singapore news

Singapore’s reputation as haven for super-wealthy is tested: Bloomberg Opinion’s Shuli Ren

"Singapore, it turns out, still cares about its reputation. Singapore-washing has finally hit a wall.": Ren
HSBC unveils new universal life plan targeting high and ultra high net worth individuals - THE EDGE SINGAPORE

Banking & finance

HSBC Life unveils new universal life plan targeting high and ultra high net worth individuals

The HSBC Life Diamond Prestige IUL’s index account offers customers higher returns from the global equity market.

Wealth

AIA Singapore launches wealth centre to serve domestic and regional HNWIs and wealthy families

The move comes in response to the projected surge in the affluent population in Asia, says AIA.

Wealth

Abu Dhabi is the world’s newest wealth haven for billionaires

The financial flows to the UAE mark a new role for its US$509 billion ($683.3 billion) economy.

Wealth

Sun Life Singapore launches Indexed Universal Life policy amid strong wealth inflows

Sun Life Singapore has also introduced its inaugural Philanthropic Pledge in partnership with Community Chest.

Singapore economy

Singapore imposes new rules on family offices as Hong Kong recovers from Covid-19

New rules that kicked in April 18 will mean that family offices face a stricter regime to enjoy tax-exempt incomes.

Asset management

More alternative investment opportunities for ultra-rich Asian clients

Banks everywhere are competing to win over the ultra-rich in Asia.

Succession planning

Navigating the evolving needs of Asia's affluent

Singapore has the second highest rate of growth when it comes to HWNIs in 2020.
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