SINGAPORE — Manulife Investments and Maybank have introduced the Manulife Empower Solutions, a flexible suite of investment funds designed to meet the evolving financial and retirement planning needs of investors.
The new initiative aims to provide personalised investment pathways that will help clients grow savings, preserve wealth, and sustain income throughout various life stages.
A key feature of the Empower Solutions is the glidepath approach, which adjusts portfolios over time based on changes in an investor’s risk tolerance and financial priorities. This ensures the solution remains aligned with the investor’s goals, even as circumstances change.
Hui-Jian Koh, CEO of Manulife Investments Singapore, emphasized that the partnership with Maybank offers a more adaptable solution to retirement planning. He pointed out that many current retirement products do not adequately accommodate shifts in income, risk tolerance, and retirement age, which can limit their effectiveness. The Empower Solutions aim to address these gaps by allowing portfolios to evolve as needed.
Alvin Lee, CEO of Maybank Singapore, noted the growing challenge of Singapore’s ageing population, forecasting that the country will become a “super-aged” society by 2026. This demographic shift underscores the need for more dynamic retirement planning solutions.
Manulife’s proprietary research further revealed that 80% of Singaporeans prioritize family needs over personal retirement savings, adding another layer of complexity to financial planning.
The Empower Solutions include four funds—Empower Income, Empower Conservative, Empower Moderate, and Empower Growth—each tailored to different risk profiles. The funds are actively managed using a global multi-asset strategy that integrates equities, fixed income, and alternative investments, ensuring a comprehensive approach to retirement investing.
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