The Actuaries Institute is calling for the annual Superannuation Performance Test to transition to a two-metric Test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
Swiss Re Institute and the Insurance Association of China (IAC) have cooperated on a research study to assess the level of current protection and demand for further protection of the middle-aged and elderly population in China.
Pension insurance companies in China are focusing on core long-term pension business as they run off personal short-term products or fund management operations.
The Australian government has announced that it pay superannuation on paid parental leave (PPL) from 1 July 2025.
Almost 78% of the elderly population in India live without a pension and less than 20% of the elderly population is covered by any health insurance, according to a report released by the government's public-policy think tank NITI Aayog.
Two-thirds of retirees are drawing more money from their superannuation (super) funds than they are required to and most exhaust all their super savings by the end of their lives, indicates new research from the Super Members Council of Australia (SMC).
The Actuaries Institute has identified barriers that must be overcome as the focus of superannuation policy development moves more strongly to support Australians in their retirement.
The product mix of life insurance companies in 2024 shows three major trends, namely, protection-type products as the main sales driver; a lower proportion of savings products and plans targeting the elderly and health.
The Financial Advice Association of Australia (FAAA) has highlighted the need for a broad initiative to increase financial knowledge across the Australian population, including at school, and specific initiatives to support those preparing for retirement.
The authorities have lifted the exemption from solvency disclosure by Dajia Property & Casualty Insurance and Dajia Annuity Insurance, whose operations used to be part of the now-defunct Anbang Insurance Group.