KL ranks 46th best city in the world for financial security, legacy management

By BERNAMA / Pic by TMR FILE PIX

MALAYSIA’S capital Kuala Lumpur has been ranked 46th best city in the world for financial security and legacy management, according to a study released by Veolar.eu, a global leader in antioxidant production and distribution. 

In a statement, it said the study to identify the best cities in the world for retirement showed that Dubai, United Arab Emirates, is the best city in the world for financial security and legacy management, followed by Singapore and Wellington, New Zealand. 

The study, in partnership with Magmatic Research, also revealed that Tokyo retirees enjoy the best living standards, followed by Singapore and Wellington. 

“As inflation and global insta-bility soar, the study revealed the best cities in the world for retirees by analysing later life liveability, financial security, healthcare and wealth management. 

“The results revealed where local retirees enjoy the highest quality of life, as well as the best cities for legacy management,” it said. 

According to the study, Oslo, Norway, is the best city in the world for financial security, a measurement of the economic stability and fiscal environment for retirees in each city, while Lisbon and Porto in Portugal ranked second and third. 

“Retirees experience the lowest incidence of conflict and political instability in Wellington. Singapore and Auckland, New Zealand ranked second and third,” it added.