The survey found that 16% of Singapore retirees have not planned their retirement expenses, with 18% being caught off-guard by the higher-than-expected costs.
Almost half of Singapore respondents (42%) will only start planning for retirement within five years of their planned retirement date, a survey by Sun Life Singapore revealed.
The survey collected responses from 3,500 respondents across China, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore and Vietnam, of which 505 were from Singapore.
