Asia legacy planning remains weak, with nearly six in 10 high-net-worth individuals in the region lacking a formal plan, according to an HSBC Life report that highlighted risks to intergenerational wealth transfer. Only 24% of respondents in Taiwan had a legacy plan, followed by 26% in Hong Kong and 36% in mainland China, while Thailand led the surveyed markets at 57%. The report said economic and financial market volatility, cited by 45% of respondents, was a stronger trigge

Singapore wealth longevity is becoming a major concern, with two‑thirds of high‑net‑worth individuals fearing their wealth will not outlive their children, a Sun Life survey found. About 75% said heirs are not financially prepared to manage inherited assets, while 59% worry about family disputes and 53% fear volatility eroding valuations. Only around half are confident heirs will follow instructions on transferring or preserving assets. The survey of 316 Singapore residents w