Financial institutions in South Korea, including insurance companies, have been busy with plans to attract customers who wish to switch the companies managing their pension accounts.
The Australian Prudential Regulation Authority (APRA) has growing concerns about superannuation trustees' spending behaviour after observing deficient practices and questionable expenditure in some areas, according to APRA deputy chair Margaret Cole.
Organised by the Hong Kong Federation of Insurers (HKFI), the prize presentation ceremony cum gala dinner of the Hong Kong Insurance Awards 2024 was successfully held on 24 October 2024 at the Regent Hong Kong.
China will push vigorously the development of commercial annuities, the National Financial Regulatory Administration (NFRA) has said in a notice dated 22 October.
Australia's retirement income system has slid to the sixth place among 48 pension systems worldwide in 2024 from the fifth best among the 47 markets in 2023, according to the Mercer CFA Institute Global Pension Index 2024.
The Saudi Arabian index value increased slightly to 60.5 in 2024 from 59.5 in 2023, according to the Mercer CFA Institute Global Pension Index. The kingdom's retirement income system is positioned 28th among 48 pension systems worldwide.
Private health insurance is the top choice of 86% of mainland Chinese seniors who were polled in a survey on the needs of ageing consumers in Asia.
Mainland China's retirement income system has been ranked in 31st place among the 48 markets worldwide covered this year by the Mercer CFA Institute Global Pension Index.
Demography scientist Yi Fuxian says that the pension crisis in China is occurring now.
Among a sample of high-income retirees polled in Singapore, 15% have been caught off guard by higher-than-expected costs, despite only 4% failing to plan for their retirement expenses, a new survey by Sun Life Asia reveals.