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Pensions & Annuities tag returned 279 results

  • China: Vice minister says allocations are sufficient for basic pension fund

    China's state pension system is "generally stable" and can pay for various social security programmes in full and on time, including the basic pension, Mr You Jun, vice minister of human resources and social security, has said.

    Asia | 23 Jul 2019
  • Govt acts to quicken transfers of state-owned equity to pension funds

    Efforts to replenish China's social security funds through the injection of government holdings of shares of state-owned enterprises will be extended nationwide this year to make the funds more substantial and sustainable.

    China | 19 Jul 2019
  • Turkey: New economic blueprint proposes measures to boost insurance

    An economic road map unveiled by the Turkish government last week includes several measures related to the insurance and pension sectors. The Eleventh Development Plan was submitted to the Turkish Parliament on 8 July after it had been approved by President Recep Tayyip Erdogan. The plan covers the years between 2019 and 2023, and serves as a guide to improving the Turkey's economy.

    Middle East | 16 Jul 2019
  • China: Govt reiterates it will pay basic pensions in full and on time

    China will fully guarantee the timely payment of future pensions and sustainable healthy operation of the basic pension system, a government official has said. This is the second time since last April that the government has given the reassurance.

    Asia | 11 Jul 2019
  • India: Govt gives early signal of increase in retirement age

    Given that life expectancy for both males and females in India is likely to continue rising, increasing the retirement age for both men and women going forward could be considered, according to the government's Economic Survey report released in conjunction with the Budget last week.

    Asia | 10 Jul 2019
  • Australia: Major change to superannuation funds takes effect today

    A significant change to the superannuation system will be enforced with effect from today that could leave some Australians without life insurance if they were unaware that their superannuation fund had default life insurance included in it.

    Asia | 01 Jul 2019
  • More protection needed for at-risk groups in a contemporary work environment: Study

    As the traditional career model continues to evolve with the advent of the gig economy and new technologies, the risk of working people falling into a 'protection gap' increases - revealed a major new study entitled 'Perceptions on protection: Surveying workers to build new agile solutions' by Zurich Insurance and the Smith School of Enterprise and the Environment at the University of Oxford.

    Asia | 28 Jun 2019
  • SOE equity trickles at snail's pace into social pension system

    Transfers of state-owned enterprises' (SOE) equity to bolster China's basic pension fund have been a trickle rather than a steady flow, according to the National Audit Office.

    China | 28 Jun 2019
  • India: Regulator seeks to enhance unorganised sector's pension scheme

    The Pension Fund Regulatory and Development Authority (PFRDA) has submitted a proposal to enhance the government backed pension scheme, Atal Pension Yojana (APY), so that it would appeal to a wider subscriber base.

    Asia | 28 Jun 2019
  • Australia: Govt sets out priorities in superannuation reform

    The Australian government has prioritised its response to two separate reviews of the superannuation system by focusing on recommendations from the two exercises that overlap, said Ms Jane Hume, who became Assistant Minister for Superannuation, Financial Services and Financial Technology in May.

    Asia | 27 Jun 2019

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