With nearly 29% of Japan's population aged 65 or older, the need for robust retirement planning and financial products is more critical than ever according to a new comprehensive study on retirement readiness in Japan conducted by global life reinsurer RGA and actuarial organisation SOA Research Institute.
As professional investors in Hong Kong seek flexible investment options, with downside protection features to support legacy planning, the insurers are providing policyholders an opportunity to address their goals whilst also capitalising on potential upside growth from tracking the performance of leading global indices.
The Australian Securities and Investments Commission (ASIC) has warned the public to stay away from pushy sales tactics that recommend quick superannuation switches.
Australia is seeing an emerging dual crisis of growing housing inequity. Rising prices relative to wages in metropolitan areas are creating intergenerational inequity, while the risk of climate-driven price declines in high-risk regions could drive geographic inequity.
The National Insurance Commission (NAICOM) has announced plans to introduce additional guidelines to ensure that retirees' funds and annuities remain secure and effectively managed and to boost consumer confidence.
The National Insurance Commission (NAICOM) has highlighted microinsurance and digital platforms as ways to increase penetration of retirement products, especially in the informal sector.
As China faces an accelerating ageing population, retirement planning is becoming increasingly urgent-yet household preparedness remains insufficient. This has prompted proposals for micro pension insurance plans to be designed to cover the retirement funding gap.
Hanoi's Social Insurance Region I has announced that under the Social Insurance Law 2024, set to take effect on 1 July 2025, new eligibility conditions will apply for pension benefits for those enrolled in voluntary social insurance.
Athene, a provider of retirement income and savings services products, has appointed Mr Hugo Choi as senior vice president of corporate development.
These are the highlights for all events and updates across the industry this week.