China's urban residents showed a strong willingness to save more in the coming months and a declining appetite for consumption and investment, according to the latest survey from the country's central bank, the People's Bank of China (PBOC).
The quality of group insurance data has in general improved recently; however, most, if not all, data will have some missing or conflicting values, ambiguity, and a lack of granularity, says Rice Warner which provides actuarial consulting, research and technology solutions.
Korea's aging population poses a key challenge to the country's insurers in coming decades, with the share of the population aged 65 or above set to double to 32% by 2040 from 16% in 2020, according to a new report by Moody's Investors Service.
The structural reform of China's pension system is imperative, and the country's aging population will be propelling an increase in demand for pension funds to be allocated to investments with sustainable returns and alternative solutions that provide long-term benefits, according to Ms Dong Mei, a partner and the head of Aged Care in KPMG China.
An actuarial study is underway to include expatriate workers in pension funds, said the head of parliamentary probe committee in charge of pension funds, Mr Ibrahim Al Nafea.
Heng An Standard Life (HASL) has been given permission to commence operations of its pensions insurance business in China.
The Securities and Exchange Commission of Pakistan (SECP) has formed a Pension and Annuity Working Group (PAWG) as it gears up efforts to develop the country's private pension and annuity market.
Only three out of 10 (31.3%) middle-aged South Koreans are sufficiently prepared for their later lives because most have to take out their retirement savings to pay for the education and weddings of their children.
South Korea's aging population poses a key challenge to the country's insurers in coming decades, with the share of the population aged 65 or above set to double to 32% by 2040 from 16% in 2020, Moody's Investors Service says in a new report released yesterday.
The Chinese government has announced its intention to increase the proportion of the country's annuity funds that can be used to invest in equities.