Manulife Investments and Maybank have unveiled the Manulife Empower Solutions, a suite of customisable investment funds aimed at revolutionising retirement planning for individuals at various life stages.
The Empower Solutions, available exclusively through Maybank in Singapore, are designed to adapt to the evolving financial goals and risk appetites of investors, ensuring financial security from wealth accumulation to retirement income preservation.
The Empower Solutions employ a glide path approach, allowing portfolios to evolve with investors’ changing needs. Hui-Jian Koh, CEO of Manulife Investments Singapore, highlighted the flexibility of the solutions, stating that they address the limitations of traditional retirement plans which often fail to adapt to changes in an investor’s circumstances.
Alvin Lee, Maybank Singapore Country CEO, emphasised the importance of these solutions in a rapidly ageing society, noting that they cater to the financial priorities of Singaporeans as the nation approaches “super-aged” status by 2026.
The suite includes four funds: Empower Income, Empower Conservative, Empower Moderate, and Empower Growth, each tailored to different risk tolerances and financial goals. Marc Franklin, Senior Portfolio Manager at Manulife Investments, explained that the funds offer both a baseline evolution and a personalised approach, allowing investors to customise their allocations.
Additionally, the Empower Solutions integrate advanced digital tools such as Goal-based Investment Tools and Portfolio Simulation, enhancing the customer experience by providing personalised advice and scenario analysis. This digital integration aims to keep clients on track to achieve their financial objectives.
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