Regulations in South Africa are set to be amended to allow pension funds to invest in government infrastructure projects and government-backed assets.
The COVID-19 pandemic will cost Australia's superannuation industry A$3tn ($2.1tn) in foregone growth by 2040, estimates Rainmaker Information, a provider of research and information about the Australian financial services industry.
The Australian Securities and Investments Commission (ASIC) has said that a number of superannuation funds have failed to provide accurate information to members about the impact of the early release scheme on their insurance.
People are saving or planning financially for retirement earlier compared to five years ago due to increased crisis awareness, according to a survey commissioned by Taiwan Life Insurance.
One-fifth (21%) of Australians have reduced or stopped their rate of retirement savings due to the COVID-19 crisis, according to a new survey.
Nine industry superannuation funds are working with Frontier Advisors, an independent asset consultant which provides advice to institutional investors across the superannuation, charity, public sector and higher education sectors, to explore new longevity risk products for retiree members, which could include tweaking account-based pensions.
One segment of the superannuation industry which caters well for retirees is that of the Self-Managed Superannuation Fund (SMSF), says Rice Warner, which provides actuarial consulting, research and technology solutions in Australia.
The FBI has seen a spike in fraudulent unemployment insurance claims complaints related to the ongoing COVID-19 pandemic involving the use of stolen personally identifiable information (PII).
How can insurers better serve retirees in Asia post-crisis? Angat Sandhu and Ajit Rochlani from Oliver Wyman share their insights in this article.
State sponsored pension plans in India are currently not strong enough for individuals to consider them, according to a report by YES Securities on life insurance in India.