Top three in 2024
Dear Valued Readers,
Thanks to your support, PCS Vision is the must-read newsletter for those navigating the rarified domain of high net worth (HNW) life protection. Vision is also the space in which our consultants share their expertise and insight. Your readership and trust drive us to think deeper and analyze with greater precision about how we might assist in enhancing your wealth protection needs.
As ever, we are taking a moment to reflect on the year and underline key industry trends. In 2024, the three most-read articles show a clear theme: The necessity and wisdom of planning and having a long-term wealth management strategy in the age of TikTok.
According to a report by WIREDii, TikTok recommends an optimal video length of 21 to 34 seconds. Short and sharp so there is a constant and uninterrupted supply of dopamine to our neural transmitters. When “happiness” is a mere 21 seconds away, it can be hard to think in generational terms. But there is no shortcut to safeguarding your family, like achieving the magic of compound interest, only time will do. So, it’s important to plan ahead and early. Here at PCS by Mercer, we routinely plan with a framework of 25-100 plus years to ensure you and your family are fully protected.
As amendments to the PRC Company Law came into effect on 1 July 2024, planning is also essential for businesses operating in the People’s Republic of China. Executive Director of PCS by Mercer China, Patrick Wang, explains how high net worth individuals can plan to mitigate their people risks under the new legislation. Read on to find out more.
The 2024 HNW profile by our Singapore CEO, Davin Wong, highlights two distinct new trends in high net worth risk mitigation. He explains why clients are coming to us at an increasingly younger age and why the demand for income plans is growing.
And Executive Director Max Liao outlines why your wealth strategy needs to start now and laments – a little – about the stock he should have bought in 1986.
Our warmest wishes for a prosperous and very happy 2025. We are already working on bringing you expert insights and trends in the new year.
Elaine Chan, Cindy Leung, and Kacie Ng
- PCS Vision Editorial Committee -
ii https://www.wired.com/story/tiktok-wants-longer-videos-like-not/
