Taiwan makes its debut on the Mercer CFA Institute Global Pension Index this year with an overall index value of 51.8.
China's top banking and insurance regulator has issued a guideline, encouraging insurers to enrich the supply of life insurance products.
Seventy percent (70%) of respondents to a survey on elderly care and retirement financing say that they have yet to draw up their pension plan, due to ignorance or simply the lack of action, according to a bluebook published jointly by AIA and the Centre for International Social Security Studies(CISS) at Chinese Academy of Social Sciences(CASS).
The Insurance Working Group of the EU Chamber of Commerce in China has once again called on the Chinese authorities to create more opportunities for foreign insurers to contribute to China's pension reform.
The average expected level of pension benefits under the state-run basic pension scheme for urban and rural residents is CNY1,868 ($290) per month, according to the findings of a survey on retirement savings and expectations.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published a circular setting out the procedures and principles regarding the preparation and sale of a bundle of pension plans.
Nine insurance companies are participating in a new online distribution channel for protection insurance plans, with the channel linked to a retirement preparation platform.
The Insurance Association of China (IAC) has recommended that thresholds and standards be set for market participants and products in the third pillar of the country's pension system that comprises commercial pensions.
The Chinese government has reiterated that it will promote private pension plans as it accelerates its efforts in developing a sustainable multi-tiered social security system that follows fair and uniform standards, according to the country's latest human rights action plan.