CIMB Singapore’s InsureXpo 2026 concluded successfully at Suntec Convention Centre, drawing over 3,000 attendees—a 40% increase from the previous year. The event, themed “Money Gym,” brought together Singapore’s insurance ecosystem, including major insurers like Singlife and AIA, to enhance financial fitness among residents.
A joint study by CIMB Singapore and Nanyang Technological University unveiled a shift in Singaporeans’ financial independence goals. The “Attitudes and Beliefs towards Financial Independence Report” surveyed over 1,000 residents aged 18 to 60, revealing that 56.3% now aim to accumulate over S$1m, up from 52.3% in 2025. Additionally, 35.8% see S$1-2.5m as the ideal range for financial independence. Retirement timelines have also accelerated, with many now targeting their 40s, and Gen Z aiming for even earlier.
Despite the ambition, confidence varies. Whilst 78% believe financial independence is achievable, 36% describe themselves as only “moderately confident,” and 34.6% report frequent anxiety about their financial future. Generational differences are evident, with Gen Z experiencing the highest anxiety at 41.2%, whilst Millennials show the most confidence at 51.8%.
Barriers such as high living costs and low income hinder progress, with only 46.4% having started retirement planning. The report highlights the need for integrated financial advice and action, with those seeking professional guidance experiencing lower anxiety and higher confidence. Raymond Tan of CIMB Singapore emphasised the importance of choice in achieving financial independence, stating, “Financial confidence doesn’t come from chance; it comes from choice.”
The findings underscore the ongoing journey towards financial independence, with CIMB Singapore committed to supporting residents through integrated financial services.
