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Pensions & Annuities tag returned 267 results

  • Govt plans for insurance & other financial products in private pension market

    Commercial pension insurance plans, bank wealth management products, mutual and other funds and other financial products that meet requirements could qualify as investment vehicles in the private or third pillar of China's pension system, according to the Ministry of Human Resources and Social Security (MOHRSS).

    China | 21 Jun 2019
  • What foreign players wish to see in opening up of financial sector

    As China's financial regulators reiterate pledges to open up the financial sector to more foreign investments, global bankers and economists are urging faster permits and unambiguous guidelines, reported Bloomberg.

    China | 21 Jun 2019
  • Australia: ASIC encourages retirement calculations that allow for maintaining living standards

    The Australian Securities and Investment Commission (ASIC) has amended the relief conditions for superannuation and retirement calculators. Specifically, ASIC has removed the requirement that superannuation and retirement calculators discount at a fixed rate of CPI - 2.5% - and instead encourages providers of these tools to use a higher rate that allows for rising community living standards beyond keeping up with inflation.

    Asia | 18 Jun 2019
  • Here's another reason for critical illness insurance - the impact on caregiver's career

    When it comes to insurance, some argue that only economically active people or people with dependents should need insurance. So it is not uncommon to hear "My son/daughter/wife/husband is not working, so we don't need insurance for him/her." Common but foolish, especially when it comes to critical illnesses or disability. Here's why.

    Agents | 12 Jun 2019
  • Japan: People urged to take greater charge of retirement financing

    A government council has called on the public to take greater charge of their finances and to plan for their retirement by proactively managing and investing their assets, pointing out that Japan's public pension system is unable to sustain people's livelihoods anymore in a rapidly aging society.

    Asia | 10 Jun 2019
  • India: Govt to contribute 50% to pension scheme for shopkeepers & retailers

    The new Indian government, led by Prime Minister Narendra Modi, has approved at its first Cabinet meeting last Friday a new pension scheme that is targeted at shopkeepers, retail traders and self-employed persons.

    Asia | 05 Jun 2019
  • Australia: Govt to review retirement income system

    Treasurer Josh Frydenberg will commission a review of the retirement income system, including the interaction of superannuation, government pensions and, potentially, taxation, according to a report in the Australian Financial Review (AFR).

    Asia | 27 May 2019
  • Japan: Aegon sells stake in variable annuity ventures to partner

    Dutch insurer Aegon has announced an agreement to sell its 50% stake in variable annuity joint ventures in Japan for total cash proceeds of approximately EUR130m ($146m) to its partner Sony Life.

    Asia | 27 May 2019
  • Commercial personal pension business set for explosive growth

    The market potential for commercial personal pension business in China is a "blue ocean" and ready for explosive growth, according to global management consultancy firm McKinsey & Co. Insurance companies and banks will play a more important role in China's pension system.

    China | 17 May 2019
  • Australians: More intend to retire despite inadequate savings levels

    The number of people planning to retire in the next 12 months is estimated at 439,000, a 6% increase on the 2018 level of 414,000 and 11% above the 2017 figure of 395,000. This increase is despite the savings levels of these retirees-to-be being well below the recommended level to be self- funded, according to survey findings by market research firm Roy Morgan.

    Asia | 17 May 2019

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