The number of non-contributing members to KiwiSaver, a voluntary savings scheme to help New Zealanders fund their retirement, is on the rise, according to the chief executive of the Financial Markets Authority (FMA), Ms Samantha Barrass.
emPLE Group, the insurance subsidiary of African conglomerate EverCorp Industries, has acquired 100% of Metropolitan Ghana from South Africa's Momentum Group, which leaves the Ghanaian market following the divestment.
A new judicial interpretation confirming that agreements to waive social security payments are invalid will take effect on September 1, drawing wide public attention in recent weeks.
Shenzhen's insurance industry recorded solid expansion in the first half of 2025, with premium growth outpacing other first-tier cities.
AIA Group reported a 14% year-on-year increase in value of new business (VONB) to $2.84bn for the first half of 2025, with VONB margin up 3.4 percentage points to 57.7%. In mainland China, however, VONB slipped slightly due to changes in economic assumptions under a low interest rate environment. Excluding that factor, the market still delivered 10% growth.
Slightly more than half (51%) of Gen Zs are optimistic about their future in the next 60 years, and are confident they will be able to retire well and pay for their daily necessities, healthcare and other expenses, a poll commissioned by Prudential Singapore, titled 'SG60 Financial Future Poll', found. The majority of Gen Z respondents, though, do not have a retirement funding plan.
Baby Boomers (people aged 55 and above) regret not planning for retirement earlier, according to a survey -- 'SG60 Financial Future Poll' -- commissioned by Prudential Singapore.
The biggest worry of Singaporeans is the high cost of living (according to 75% of respondents to a survey), followed by healthcare costs (56%) and insufficient income growth (50%).
Saudi Arabia's upcoming voluntary pension and savings scheme, open to Saudis and foreign workers, which aims at increasing household savings and potentially reduce remittance outflows is welcome, the International Monetary Fund (IMF) has said.
The Moroccan government is preparing to launch, by 2026, a structural reform of the pension system to ensure its sustainability while maintaining the rights of subscribers.