Atal Pension Yojana (APY), a government-backed pension scheme in India, primarily targeted at the unorganised sector, has attracted total enrolments of more than 70m since its launch in May 2015, according to the Pension Fund Regulatory and Development Authority (PFRDA), which is in charge of the supervision and regulation of pensions in India.
Financial stress levels in Australia are at their highest point in 10 years, according to the AMP Financial Wellness Report 2024.
Finance Minister Nirmala Sitharaman has launched a long-term savings programme for children called the NPS Vatsalya scheme.
All age groups in New Zealand are facing financial challenges, according to the latest "Money & You" research series published by the Financial Services Council (FSC) of New Zealand.
New research by Hong Kong-based Sun Life Asia has revealed huge differences between two distinct groups in the retirement market - Gold Star Planners who make retirement plans and look to their later years with optimism, and Retirement Rebels who have no plans and who struggle.
Taiwan Life Insurance has become the island's first insurance company to venture into the health-resort and healthcare sector.
The hike in the retirement age by the government is the starting point to plug gaping pension deficits and bolster a shrinking workforce in China, with further reforms seen as urgent, reported Reuters quoting economists and demographers.
While Singapore consumers have financial goals set, close to 70% are struggling to achieve financial wellness, according to findings of a survey commissioned by AIA Singapore.
Most Singaporeans (81%) aspire to retire between the ages of 50 and 70, with younger generations, including millennials (71%) and Gen Z (71%), aiming for retirement at 60. 75% of Singaporeans have prioritised planning for retirement, typically starting at age 35, according to the Etiqa Insurance Singapore Retirement Insights Report 2024.
The Australian Prudential Regulation Authority (APRA) has released a comprehensive package of product performance metrics and insights to increase transparency and sharpen superannuation trustees' focus on improving member outcomes.