In 2023, the sales environment of the insurance industry is expected to improve, both internally and externally, says China Merchants Securities (CMS).
Nearly nine in 10 (86.2%) of respondents to an annual poll do not have any retirement plans, according to the survey findings released by the Ministry of Labour (MOL) yesterday.
The Financial Supervisory Commission (FSC) has asked the Taiwan Central Depository and Clearing Corporation to establish an online retirement preparation platform to meet the needs of an ageing society through promoting protection, retirement investment and public welfare.
With turnover in the workforce and changing patterns of work in a number of industries, a global retirement survey for State Street Global Advisors asked respondents whether they have changed their thinking on when, and how, they might retire.
More Chinese people have access to coverage provided by the country's government-run basic old-age insurance, since the adoption of unified management of insurance funds, according to the authorities.
The Chartered Insurance Institute (CII) is looking to change the way it assesses the R06 financial planning practice unit in an effort to make the tasks more flexible and realistic.
The government will begin earnest discussions to boost the sustainability of the national health insurance system and plans to unveil reform measures by September.
The CBIRC has issued the "Notice Regarding Regulating Insurance Companies' Sales of Insurance Products Linked to Retirement Community Business (Draft for Comment)". This is also the first time that the regulator intends to guide and regulate the "insurance + retirement community" business.
Not more than 30 insurance companies will be able to meet new rules to be issued by the CBIRC to regulate the retirement community business of insurers.
The 2022 "Chinese Residents' Retirement Readiness Index Research Report" has accorded a score of 5.7 to the general state of retirement readiness in the country. On the whole, Chinese residents have a high awareness and knowledge of retirement preparation, but they lack action in readying themselves for retirement.