Hong Kong, Macau and Taiwan residents who work, study or live on the Chinese mainland will be eligible for national social insurance with effect from 1 January 2020.
India has marginally improved its ranking to 32nd position out of a total of 37 markets, in terms of providing pension and retirement benefits to citizens compared to last year, according to a report. The country was in 33rd place in 2018 out of 34 countries in the list.
Younger Australians are more worried about retirement savings than those close to or in retirement, and Australians overall are more anxious about retirement finance than their global peers, according to new research by global asset management firm Franklin Templeton.
The CBIRC has said that all insurance companies whose coverage of statutory liability reserves is less than 120% must stop stop selling lifetime annuity products with a predetermined interest rate of 4.025%.
Retirees in areas which have implemented the New Rural Pension Scheme (NRPS) score considerably lower in cognitive ability than individuals who live in areas that do not offer the programme, according to research conducted by faculty at State University of New York (Binghamton).
One of the priorities of the Japanese G20 Presidency is ageing and its policy implications, says Mr Toshihide Endo, commissioner of the Financial Services Agency of Japan in an opinion piece in the 2018-19 annual report of the Global Federation of Insurance Associations (GFIA).
China Life Insurance (Group) Co has announced that it had received a notice from its controlling shareholder, the Ministry of Finance, directing that a stake of 10% in China Life be transferred to the National Council for Social Security Fund (NCSSF).
The Turkish government plans to launch the Complementary Pension System (TES) next year, announced as part of the 2020-2022 national economic programme. The goal is to plug a gap in the country's pension system.
The number of occupational annuity schemes in China that have started investment operations reached 12 at the end of October, compared to 10 at the end of September and one last December.