The key finding of a study on retirement savings highlights that 97% of businesses in Kenya are aware of the various retirement savings options available.
Australia should reimagine its retirement ecosystem so people can easily access targeted support to plan their futures and fund their lifestyles by having greater work flexibility and access to equity in their homes, if they can and wish to do so, a paper published by the Actuaries Institute says.
New research shows that among non-retirees, features deemed very important when selecting a retirement income product include having an income that will last for life (52%), receiving guaranteed minimum payments (47%), and having flexible access to capital (43%).
China's five biggest 'A' listed insurance companies posted a combined premium income of CNY2.39tn ($336.89bn) in the first 10 months of this year, rising by 5.7% compared to the corresponding period in 2022.
The Ministry of Human Resources and Social Security has issued a draft of the "Opinion on Strengthening the Standardised Management of Annuity and Pension Products".
How to increase the public's willingness to make savings in their personal pension accounts is a question vexing the authorities.
The basic pension fund managed by China's social security fund gained CNY5.1bn ($701m), or 0.33% in 2022, down from a 4.9% gain in 2021, reported Reuters quoting the National Council for Social Security Fund (NCSSF).
The global pension index value of Hong Kong's pension system decreased to 64.0 in 2023 from 64.7 in 2022, primarily due to updated OECD data, according to the Mercer CFA Institute Global Pension Index 2023 report.
China's five biggest listed insurance companies posted net profits attributable to shareholders of the parent company of more than CNY156.9bn ($21.5bn) in the first three quarters of this year, representing a decline of 17.4% compared to the corresponding period in 2022.
Ping An Insurance Group, China's biggest insurance group by capitalisation, remained resilient in 3Q2023, amid the economic challenges in China, achieving an annualised operating ROE of 16.7% with an operating profit of CNY112.48bn ($15.4bn), notes CreditSights which is a unit of the Fitch Group.