China welcomes well-performing foreign institutions to do business in China and the risks in the financial sector are controllable overall, reported Reuters quoting the head of its financial regulatory administration told the Lujiazui Forum in Shanghai yesterday.
The Pension Fund Regulatory and Development Authority (PFRDA) is developing a pension scheme with minimum assured returns, the regulator's chairman, Mr Deepak Mohanty, has said.
The Korean insurance market performed more strongly than expected in 2022 thanks to a surge in retirement annuity premiums, says Korean Re in a blog about the financial performance of insurers.
Three-quarters (76%) of Malaysians say that they view insurance favourably with 76% intending to purchase it during the coming year, according to the Manulife Asia Care Survey 2023.
The National Financial Regulatory Administration (NFRA) has issued a draft guideline to promote the development of commercial specialised pension insurance, and transform the scheme from its current pilot basis to a fully operational model.
Despite the compulsory superannuation guarantee being over 30 years old in Australia, a worrying majority of Australians (2 in 3) fear they will not have sufficient financial resources to retire, according to the findings of a survey commissioned by Findex, one of Australasia's leading providers of integrated financial advisory and accounting services.
Retirees continue to face significant upward pressure on their household budgets amid historically high consumer price inflation, says the Association of Superannuation Funds of Australia (ASFA), which is the peak policy, research and advocacy body for Australia's superannuation industry.
The new personal pension system has grown since its launch in November 2022 with the number of participants in it reaching 33.2m as of the end of March 2023, according to the data disclosed by the Ministry of Human Resources and Social Security.
The General Pension and Social Security Authority (GPSSA) has said that it would advise against subscribers opting to retire after 20 years of service because they would have a pension rate of only 70%.
China's five biggest listed insurers saw their combined premium income continue to pick up in the first four months of this year, at a pace of 4.97% compared to a growth rate of 0.3% for the corresponding period in 2022.