The China Securities Regulatory Commission (CSRC) has said that mutual funds with at least CNY50m ($7.48m) of assets over the past four quarters are eligible to participate in the country's pilot private pension scheme.
Many Vietnamese citizens likely to grow old without any savings or retirement plan due to low income and lack of access to elderly care.
The great resignation has disrupted Singapore residents' plans to retire, with one in five residents indicating that they intend to push back their retirement by six years, from 58 years to 64 years.
As financial advisers, you are professionals who assist clients with wealth management and personal finance decisions. These come in the form of a variety of services, including asset management, tax preparation, and estate planning; and expertise ranging from answering queries about insurance to setting out a comprehensive money-management plan.
The life insurance business of the five major listed life insurance companies is still facing pressure, according to securities analysts.
A survey by Milieu Insight on 'Financial Independent, Retire Early' (FIRE) finds out how common the FIRE movement is among Southeast Asians.
People from the sandwich generation - those who had competing demands and financial responsibilities for both younger and older generations - have an increasing desire to be prepared for financial independence in retirement.
In the short and medium term, the proportion of retirement funds from personal private pension accounts, which are placed as savings or in wealth management products with banks is expected to be 40%, according to China International Capital Corporation (CICC), a multinational investment management and financial services company.
China's biggest P&C insurance group, PICC, has established PICC Investment Holding Pension Industry Investment (Beijing) Co [PIIB].
China's private pension pilot scheme, that started on 1 June 2021, has completed one full year. It has seen the issuance of at least 120,000 policies with a cumulative premium of nearly CNY900m ($135m) by the end of April 2022.