Photo source: AIA Philippines

Whether it is putting aside money for travel or large purchases, securing a stable future for loved ones, or building an emergency fund, the act of saving money is an essential aspect of preparing for the future.

The latest BSP Consumer Expectation Survey covering the year's third quarter reports that nearly 33 percent of Filipino households are setting aside funds, a figure which has been slowly rising throughout 2023.

It is a promising statistic, but one that leaves almost 70 percent of the population still without an eye on their savings. Adding to that is the larger reality where the Philippines ranks among the bottom 30 in financial literacy, in a global study involving 144 nations.

This is where players like AIA Investment Management and Trust Corporation Philippines (AIAIM Philippines) may come in to lend their expertise. One of AIA Philippines' subsidiaries alongside BPI AIA and MediCard Philippines, AIAIM Philippines is the local fund management arm catering exclusively to the needs of AIA Philippines' customers. They take care of the firm's peso assets and create investment vehicles to help Filipinos reach their long-term savings goals.

AIAIM PH's insight into the Filipino investment psyche and the Philippine economic milieu allow them to offer solutions that cater to any need, preference and time horizon that is nuanced by Filipino culture and market conditions.

Together, the larger AIA Philippines group offers a trifecta of protection, long-term savings and health care solutions. AIAIM Philippines helps enable the long-term savings side of the triad.

Growing wealth with Guidance

Given the country's financial literacy situation where many have neither a comprehensive education on investing, nor the access to learn about or engage in it themselves, having experts managing their investments for them makes their journey into long-term savings easy. Guided by the global investment expertise of its Singapore-based flagship, AIA Investment Management  and supported by the AIA Group Investment team in Hong Kong, Filipinos may have peace of mind that their money is managed with prudent expertise.

Collectively, AIA Investment manages US$276 billion worth of assets as of June 2023. AIA Investments is manned by over 250 investment professionals and collaborates with best-in-class global asset managers to design solutions exclusively for AIA customers.  

The ideal trifecta for a healthier, long, good life

The best-laid financial plans and accumulated wealth may be laid to waste when sickness, accident, death, or disability strikes. Having a health plan and an insurance policy helps prevent that from happening. You do not need to dip into your savings if you get sick or worry about medical expenses when finances are tight. You do not need worry about what your family will live on in case you are no longer around. Protection provides a predictable path to one's financial goals.

As the funds managed by AIAIM Philippines are available only through selected AIA Philippines products, the sum-assured feature ensures that fund values are guaranteed, regardless of market conditions, when your worst fears materialize.

Each AIA Philippines subsidiary plays a role to help its customers take a comprehensive approach to attain their life goals. Together, they function to fulfill AIA's purpose of helping people live Healthier, Longer, Better Lives.