TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
HSBC Wealth & Beyond Personal Economy Forum 2016: One in three Indonesians has yet to prepare future welfare, HSBC encourages people to start now
HSBC is once again holding the HSBC Wealth & Beyond Personal Economy Forum, one of the biggest annual educative events in the Indonesian banking industry to conduct in-depth discussions on the topic of wealth management. The grand theme for this year’s forum is “Passion Never Retires”.
Change Size
HSBC Wealth & Beyond Personal Economy Forum 2016 is one of the biggest and most prominent annual events in the Indonesian banking industry. (HSBC/-)
H
SBC is once again holding the HSBC Wealth & Beyond Personal Economy Forum, one of the biggest annual educative events in the Indonesian banking industry to conduct in-depth discussions on the topic of wealth management. The grand theme for this year’s forum is “Passion Never Retires”. This theme is in line with the commitment of HSBC’s ongoing campaign entitled #StartSekarang. The campaign aims to consistently encourage people to immediately start setting up a long-term financial plan, imperative for future welfare.
“The HSBC Wealth & Beyond Personal Economy Forum 2016 reflects our commitment to educating the Indonesian people on the importance of a strategic plan to manage and build sustainable welfare. For more than 130 years of its service in Indonesia, HSBC truly understands that the biggest challenge for people in Indonesia in preparing for their future is delayed planning, which is rooted in the habit of procrastinating. We hope that through the HSBC Wealth & Beyond Personal Economy Forum 2016, we can push for a transformation of culture and improved understanding of wealth management, including knowledge of the kinds of banking, insurance and investment products that best suit each person’s needs and aspirations,” said Blake Hellam, head of retail banking & wealth management at HSBC Indonesia.
According to a study by HSBC entitled The Power of Protection: Confidence in the Future, the biggest concerns among people in Indonesia regarding their latter years are physical health ( 64% ), financial health ( 54% ) and living quality ( 43% ).
“Health problems are the biggest concern as they believe they will have a wider impact on other aspects of life. About 72% of the respondents were concerned that health problems would affect their quality of life. They are also worried that this problem will affect their ability to sustain their lives ( 72% ) as well as impact family balance ( 70% ), psychological condition ( 61% ), relationship with spouse ( 57% ) and their role as parents ( 50% ),” explained Steven Suryana, senior vice president and head of wealth management at HSBC Indonesia.
The HSBC study reveals that only 33% of the respondents admit a lack of skill and knowledge in managing their finances, as well as not having specific protective measures – although they were willing to learn to be able to manage their financial situation. On the other hand, 67% said they had made financial preparations in the form of saving, investment or insurance, but a lot of them ( 38% ) were not sure if their preparations were adequate to address their needs in the future.
Furthermore, a majority of respondents who had made financial preparations were focusing only on short-term plans to cover urgent needs ( 44% ), and many of them ( 55% ) said they were not well informed about how to address their needs and aspirations, or access to such services. Meanwhile, 36% of respondents said they didn’t consider long-term financial planning a priority. Such conditions illustrate how people in Indonesia need educational support from professionals, to help them confidently prepare for a worry-free future.
HSBC Wealth & Beyond Personal Economy Forum 2016 is one of the biggest and most prominent annual events in the Indonesian banking industry. It concerns wealth management and is organized by HSBC, presenting speakers from the Financial Services Authority (OJK), Indonesia Stock Exchange (IDX/ BEI) and experts in the field of investment and insurance from some of HSBC’s best partners: Allianz, Ashmore, BNP Paribas, Manulife, Schroders, Mandiri Investasi, AXA, Batavia Prosperindo Aset Manajemen, First State Investment and Eastspring Investment, with the participation of 200 final-year university students, more than 1,000 HSBC Premier and HSBC Advance customers, and the general public.
The grand theme for HSBC Wealth & Beyond Personal Economy Forum 2016 is “Passion Never Retires”. Interesting and relevant discussion themes will be presented, such as:
- Wealth Management in Indonesia: The Available Opportunities and Challenges,
- Wealth Management: Start Now and Don’t Delay for A Guaranteed Future, and
- How to Obtain the Most Appropriate Investment Opportunity To conclude the event, HSBC will present a figure who made his name during the Chinese Cultural Revolution, Li Cunxin. During the discussion on the theme “Passions Never Retire”, Li Cunxin will share knowledge about the importance of early setting of strategic financial plans, and how strong determination and clear vision play a significant role in realizing an aspiration.
HSBC has operated in Indonesia since 1884 and now the bank serves its customer through 38 branches in six major cities across Indonesia. Supported by more than 3,000 employees, today HSBC Indonesia has grown into Indonesia's leading international bank, offering services in commercial banking and global banking for corporate and institutional banking, global markets for treasury capital markets and retail banking and wealth management business.
