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Pensions & Annuities tag returned 306 results

  • GCC: Retirement and savings plans to spur growth -- Gulf Forum

    Demographic changes along with the growing interest in shifting the burden of social welfare to the private sector in the GCC should encourage insurers to expand their offerings in end-of-service plans and savings schemes, said speakers at the 16th annual Gulf Insurance Forum in Dubai last week.

    Middle East | 22 Oct 2019
  • China: More young people save for retirement

    Young people, who are between 18 and 34 years old and face stronger pressure on retirement savings amid the ageing of China's population, are saving for retirement more readily than a year ago, with the ratio rising to 48% this year from 44% last year, according to a report by Fidelity International and Ant Financial.

    Asia | 21 Oct 2019
  • Foreign insurers seek opportunities to participate in pension reform

    The Insurance Working Group (IWG) of the European Union Chamber of Commerce in China has called on the Chinese authorities to grant opportunities for foreign insurers to contribute to pension reform in the country.

    China | 18 Oct 2019
  • Kenya: Residents underestimate their retirement funding needs

    Only a third of Kenyans are adequately prepared for retirement, with the majority of them hoping to retire at the age of 58, said Association of Kenya Insurance executive director Tom Gichuh.

    Africa | 07 Oct 2019
  • China: More stocks transferred to social pension fund

    China's Ministry of Finance is continuing its efforts to boost the country's pension system by transferring its stakes in financial state-owned enterprises (SOEs) to the social security fund.

    Asia | 07 Oct 2019
  • Australia: Government commissions review of retirement income system

    The federal government is commissioning an independent review of the retirement income system.The review will look at the three pillars of the existing retirement income system: the government backed Age Pension, compulsory superannuation and voluntary savings.

    Asia | 04 Oct 2019
  • China: Finance Ministry takes lead in quickening stock transfers to social security fund

    China's Ministry of Finance will transfer around CNY115bn ($16.1bn) worth of shares it holds at two state-owned banks to the National Council for Social Security Fund in the government's latest effort to stem a looming pension shortfall.

    Asia | 27 Sep 2019
  • Malaysia: Manufacturers say higher retirement age could cause loss of 1m jobs

    Employers and manufacturers are against raising the retirement age to 65, arguing that the move would limit the recruitment of younger workers into the workforce.

    Asia | 24 Sep 2019
  • More than 50% of individuals aged at least 50 yet to prepare for retirement

    People in mainland China aren't saving enough for retirement, running the risk of outliving assets during their golden years, according to Franklin Templeton's 2019 Retirement Income Strategies and Expectations (RISE) survey.

    China | 20 Sep 2019
  • More millennials squirrel away for retirement

    More Chinese millennials are saving for retirement with increased awareness of retirement planning, while barriers remain for them to get financially prepared for their golden years, according to the China Retirement Readiness Survey 2019 released yesterday.

    China | 20 Sep 2019

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