PCS Vision
Issue 3 | July 2024
Fun fact, the earliest known life protection policy was made at the Royal Exchange in London on 18 June 1583, it was a one-year policy*. Today’s solutions are beyond comparison, and many have evolved to service the wealth planning and transfer needs of high net worth (HNW) families.
In this issue of PCS by Mercer Vision, Singapore CEO, Davin Wong delivers our 2024 HNW profile, highlighting two definitive trends, and Executive Director, Patrick Wang shares some insights on HNW risk management under the amended Company Law in China. In the two case studies, one demonstrates how keyperson insurance is safeguarding business continuity while the other shows how a family is protecting their wealth across three generations.
*Fouse, L. G. (September 1905). "Policy Contracts in Life Insurance". The Annals of the American Academy of Political and Social Science. 26 (2): 29–48
This document has been prepared by Private Client Services by Mercer Limited and Private Client Services by Mercer Pte. Ltd. (collectively, “PCS”) and the information or concepts illustrated in this presentation is for reference only. The information contained in this document does not purport to show actual projections or results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular product. Opinions expressed herein are current opinions as of the date appearing in this material only and are subject to change at any time without notice. In the event any of the assumptions used do not prove to be true or underlying investment rationale has changed, results are likely to vary substantially. All investments entail risks. PCS does not purport to and does not in any manner, provide tax or legal advice in respect of insurance products issued in any jurisdiction and by any insurers. You should consult your advisors with respect to these areas.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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A hitherto unseen demand in one product segment has emphatically changed the solutions mix at PCS by Mercer in 2024. What’s the product and what might the trend signify? And why are high net worth (HNW) individuals becoming our clients at a younger age? Our Singapore CEO, Davin Wong offers some insights.
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Mitigating people risks in China’s amended Company Law
On 1 July 2024, the People’s Republic of China’s (PRC) amendments to the PRC Company Law came into effect. What is it and how can high net worth individuals mitigate their people risks under the new legislation? We ask Patrick Wang, Executive Director, PCS by Mercer China, to share some insights. -
Safeguarding your keyperson to safeguard your business
Sometimes a single person is so central to a business that their sudden and permanent absence has the potential to have a profoundly detrimental effect. How do you mitigate such a risk? Read on to see how we help this successful regional business protect its continuity and bolster confidence.