Cutting-edge medical technology, advances in AI and a sharper focus on healthier living mean that reaching the age of 100 could one day be the norm. But can our financial health survive just as long? UBS CIO equity strategist Wen Ching joins the show from Singapore to explain how smart portfolio planning can ensure that investors can live well for longer. See omnystudio.com/listener for privacy information.
Hello and welcome to the Bulletin with UBS on Monocle Radio.
Each week, the sharpest minds and freshest thinkers in finance take you beyond the numbers and hype right to the heart of the big issues of the day.
This week we're delving into a fascinating report from the CIO of UBS Global Wealth Management entitled Live well Till 100.
Be financially prepared to not only live long, but to also live well in Singapore.
Cutting edge medical tech, rapid advances in practical AI and our own personal focus on healthier living mean reaching 100 years old could soon become the norm and not the exception.
But can our financial health survive just as long?
In today's edition, we're discussing smart portfolio planning to ensure investors can live well for longer.
Here to reflect on these themes and to explain a little more about the UBS wealth way approach, which focuses on the three Ls of liquidity, longevity and legacy, is Wen Qing, equity strategist in the UBS CIO based in Singapore.
Wen Qing, a warm welcome.
It's really great to chat with you and this is an absolutely compelling topic.
I read this education note about living well till 100.
I guess here's hoping for everybody, right?
But I guess the serious point to underscore this is that if you want to not just live longer, but live well, there's a critically important financial component to that.
Was that the starting point when you and your colleagues were diving into this topic?
Well, what started as casual research about retirement and what happens if you live to 100 soon became a revelation for all of us because firstly, we realized that life expectancies have already been rising.
And recent research from Sweden suggests that human life expectancy can increase to an average of 100 to 120 years of age within five decades or so.
Now, to put that in context, that means that my grandchildren could live almost twice as long as my grandparents.
Now, living longer obviously is positive news, but.
But that also comes with the risk of financial capital depletion.
So this is obviously a topic which we need to look into and plan for longevity.