Singapore expat savings hit by global financial crisis

Three-quarters of Singapore-based expatriates say their ability to save has been impacted by the global financial crisis, according to the latest research from Zurich International Life's Expatriate Wealth Monitor. Only 26% of the 209 high-earning expats questioned said they were 'confident' or 'very confident' of retiring at their ideal retirement age. Andy Robinson, general manager of ZIL in Singapore, said the ramifications of the current economic downturn are being felt around the globe and Singapore is no different. "While attractive financial benefits are often associated with o...