DAVOS - Singapore will look at how it can better partner the private sector to help seniors plan for their retirement, said National Development Minister Desmond Lee.
He said moving forward, the key is to tap local banks and financial institutions in a way that gives older people in Singapore more confidence to not only navigate financial products but also the government policies and schemes available to them. He said one key issue on the agenda was how to invest in building up resilience against the “next big shock”.
The problems of Singapore's 'aging population' were already clearly identified and strategised since 1982 (Howe Yoon Chong's “Committee on the Problems of the Aged”. Yet we keep talking about aging issues as if they are newly discovered problems.
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