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Pensions & Annuities tag returned 316 results

  • China: Finance Ministry transfers a 10% stake in China Life to social security fund

    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).

    Asia | 14 Nov 2019
  • Turkey: Govt plans to introduce complementary pension scheme

    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.

    Middle East | 12 Nov 2019
  • Occupational annuity schemes number 12, in still evolving 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.

    China | 08 Nov 2019
  • Turkey: Insurance market open to development - EY

    The growth potential in Turkish insurance market is expected to increase as structural reforms are implemented, says Mr Alpay Ertekin, associate partner with the Transaction Advisory Services unit of the global professional services firm EY.

    Middle East | 07 Nov 2019
  • Thailand: International study proposes mandatory contributions to pension fund

    Thailand is at the bottom of 37 retirement income systems around the world examined in an international study called the Melbourne Mercer Global Pensions Index.

    Asia | 29 Oct 2019
  • Ghana: Insurers urged to offer annuity plans

    Insurance companies have been tasked to consider marketing annuities to pensioners so that the latter would not have to take their pensions in lump sums, Mr Kofi Andoh, Deputy Commissioner of the National Insurance Commission, has recommended.

    Africa | 28 Oct 2019
  • Pension system receives improved rating with higher replacement rate

    China's overall index value stood at 48.7 this year on the Melbourne Mercer Global Pension Index, which has become a global benchmark for measurement of pension system performance amongst policymakers, industry practitioners and academics.

    China | 25 Oct 2019
  • Tax deferred pension pilot scheme attracts mere US$25m in premiums in 17 months

    China's personal tax deferred pension insurance pilot scheme attracted contributions of only CNY180m ($25.5m) at the end of September 2019, 17 months after its launch. This result is deemed as less than desirable.

    China | 25 Oct 2019
  • Chinese women prioritise family financial needs

    Chinese women may face a bigger challenge than men in getting financially prepared for retirement, as females earn less on average and prioritise family financial needs more, according to the China Retirement Readiness Survey 2019. Lacking investment and retirement planning knowledge also comprises a key barrier for females' retirement savings.

    China | 25 Oct 2019
  • Saudi Arabia: Sustainability of pension system needs to improve

    The Saudi Arabian overall index value stood at 57.1 this year on the Melbourne Mercer Global Pension Index, which has become a global benchmark for measurement of pension system performance amongst policymakers, industry practitioners and academics.

    Middle East | 24 Oct 2019


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