Etiqa: Top Three Worries for Singapore Wealth Transfer
The majority of Singaporeans have received an inheritance or expect to but there are some major worries, including family conflict, according to a survey Etiqa Insurance.
Over half of Singaporeans (53 percent) have either received or expect to receive an inheritance, according to a report by Etiqa Insuance Singapore. Including both those who will give and receive an inheritance, one in five anticipate a windfall of $1 million or more.
Singaporeans are involving their family in financial planning conversations (42 percent) and instilling values of responsibility and diligence (41 percent). However, 18 percent still lack a plan for successor readiness.
Conflict, Security and Mismanagement
The report also highlighted that wealth transfer comes with complexities, including downsides. The key worries for Singaporeans transferring wealth are family conflict (36 percent), maintaining their financial security (34 percent) and fears of mismanagement (31 percent).
«[W]ealth transfer is increasingly viewed not just as a financial event, but as a purposeful act of next generation empowerment,» said Raymond Ong, CEO of Etiqa Insurance Singapore. «It is heartening that Singaporeans are having conversations about wealth planning through open family dialogue and meticulous planning, fundamental to ensuring financial well-being of their families.»
The «Wealth Transfer Insights Report» is based on a survey in June 2025 commissioned to market research company Kantar involving responses from 1,008 citizens and permanent residents in Singapore spanning four generations: generation Z, millennials, generation X and seniors. Etiqa is a joint venture between Maybank and Ageas.
