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Manulife, Maybank unveil new retirement investment plan
The plan utilised a glide path approach, which adapts to a client's evolving needs.
Manulife Investments and Maybank have launched Manulife Empower Solutions, a customisable suite of investment funds designed to support investors' evolving financial and retirement planning needs.
The initiative aims to provide tailored investment pathways to help clients grow savings, preserve wealth, and sustain income throughout different life stages.
The Empower Solutions use a glidepath approach, ensuring that portfolios adjust over time based on an investor’s changing risk tolerance and financial priorities.
Hui-Jian Koh, CEO of Manulife Investments Singapore, said the partnership with Maybank offers a more flexible solution for retirement planning.
He noted that many existing retirement products fail to account for shifts in income, risk tolerance, and retirement age, potentially limiting returns. The Empower Solutions address this gap by allowing portfolios to evolve as needed. Alvin Lee, CEO of Maybank
Singapore, highlighted Singapore's ageing population, noting that by 2026, the country will be a "super-aged" society.
Manulife’s proprietary research revealed that 80% of Singaporeans prioritise family needs over personal retirement savings, adding complexity to financial planning.
The suite includes four funds—Empower Income, Empower Conservative, Empower Moderate, and Empower Growth—each catering to different risk profiles.
The funds are actively managed using a global multi-asset strategy that integrates equities, fixed income, and alternative investments.