More than half of Hong Kong employees (52%) are struggling with their finances, according to the new survey by WTW, a leading global advisory, broking and solutions company.
Saudi Arabia has made a breakthrough in pension reform with the recent announcement of comprehensive changes, aimed at enhancing income protection during old-age and promoting gender equality, according to a blog posted on the website of the World Bank.
The Financial Services Authority (OJK) launched the "Roadmap for the Development and Strengthening of Indonesian Pension Funds 2024-2028".
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) are calling on superannuation trustees to boost efforts to track and measure the impact of their strategies to improve retirement outcomes for members.
China's growing elderly population presents tremendous business opportunities to the financial services industry, Mr Michael Guo, co-CEO of Ping An Insurance (Group) Company of China, has said.
Dajia Insurance Group has put up for sale its pension insurance subsidiary, Dajia Annuity Insurance, on the Beijing Equity Exchange, as part of ongoing efforts by the state to find investors for insurers rescued by the authorities.
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) yesterday published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime (FAR).
Four in five Aussies (81%) think that their superannuation fund should work hard to protect them from scams and fraud, a recent Super Consumers nationally representative survey has found.
Allianz Global Investors is investing in a 2% stake in Guomin Pension & Insurance Company, making the German asset management company the 18th shareholder of the pension insurance start-up.
The Pension Fund Regulatory and Development Authority (PFRDA) is set to issue new guidelines for the sector, its chairman Hemant Contractor has said.