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Pensions & Annuities tag returned 142 results

  • 21 insurers seek to increase capital

    Twenty one (re)insurance companies have applied to increase their registered capital between 1 January to 17 May, involving approximately CNY26.325 billion ($4.1 billion) in aggregate.

    China | 25 May 2018
  • Australia: Proposal put forward for universal pension

    The Australian government could introduce a universal pension that would improve the retirement income for the average income earner but have a reduced effect at higher incomes as it would represent a fixed payment in dollar terms, Dr David Knox, a senior partner at Mercer, has suggested.

    Asia | 24 May 2018
  • Australia: Allianz and PIMCO launch retirement income business

    Allianz and PIMCO, one of the world's premier fixed income managers owned by Allianz, has launched a new business in Australia, Allianz Retire+ Powered by PIMCO, to deliver the next generation of retirement income solutions.

    Agents | 22 May 2018
  • Australia: Policy initiatives proposed for govt-funded Age Pension

    The cost of continuing the government-funded Age Pension in its current form is projected to reduce as a percentage of GDP, from around 2.7% of GDP in 2017 to around 2.5% of GDP in 2038. This reflects recent tightening of means testing, later retirement ages and further growth in superannuation balances, says a research paper from Michael Rice, CEO of Rice Warner, a management consulting and actuarial advice firm.

    Asia | 22 May 2018
  • Regulator issues guide for tax-deferred pension insurance

    The China Banking & Insurance Regulatory Commission (CBIRC) has issued its guidelines for personal income tax-deferred pension insurance products.

    China | 18 May 2018
  • Asia: Majority of consumers rue late start to retirement saving

    Half of consumers (54%) polled in a new study regret not starting to save earlier for retirement, and less than half believe their savings will last throughout their retirement.

    Asia | 18 May 2018
  • More than half in Asia regret not saving earlier for retirement

    Consumers in Asia begin to save for retirement at age 40 on average, 54% regret not starting to save earlier and less than half believe their savings will last throughout their retirement, according to a new study by LIMRA Secure Retirement Institute (LIMRA SRI) and the Society of Actuaries (SOA).

    Agents | 16 May 2018
  • Australia: Young workers unlikely to opt in to buy life cover

    Behavioural economic research suggests that most younger members will not take up life insurance if it becomes an opt-in cover, says Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck.

    Asia | 14 May 2018
  • Ping An Pension dominates specialist pension insurance segment in 2017

    Six of the eight specialist pension insurers in China reported combined sterling results in 2017, with an aggregate net profit of CNY1.68 billion (US$265 million), 68% higher than in 2016, according annual reports by the insurers.

    China | 11 May 2018
  • Australia: Actuaries say new policy approach will protect super balances and boost retirees' income

    The Institute of Actuaries of Australia has welcomed the Federal Budget announced on 8 May, noting the initiatives proposed therein to boost income for retirees and changes to the means test on Comprehensive Income Products for Retirement (CIPR).

    Asia | 11 May 2018

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