Prudential Singapore and NTUC Income have joined hands to help Singaporeans prepare financially for their later years and long-term care needs.
Nippon Life Insurance Co is lowering its estimated rate of return on corporate pension insurance policies. This will be the first time it has slashed its estimated rate in 21 years.
The profitability of Muang Thai Life Assurance Public Co (MTL) remains robust despite a muted economic environment, said Fitch Ratings.
The CBIRC has given approval to the newly established National Pension Insurance Company to commence operations, making it the 10th standalone pension insurer operating in China.
Over 80% of female respondents to a survey on finances consider their financial well-being as moderate to very low and over 65% consider the same about their overall wellbeing, according to a study by the Financial Services Council (FSC).
The Life Insurance Council of the Hong Kong Federation of Insurers (HKFI) has recently established a focus group comprising experts on pensions and annuities.
Entering the retirement phase and reaping its various benefits is something that everyone looks forward to experiencing. However, without adequate savings or a strong retirement corpus, enjoying your golden years can be a tad bit hard. Financial preparedness and a thorough understanding of one's requirements are crucial aspects to evaluate during retirement. Here's a quick guide to planning your retirement, ensuring you avoid any financial instabilities during your 'second innings'.
The Chinese government has reiterated that it will promote private pension plans as it accelerates its efforts in developing a sustainable multi-tiered social security system that follows fair and uniform standards, according to the country's latest human rights action plan.
Just more than half (50.4%) of the working population, especially the young, believe that they would not have enough retirement funds, according to a survey published by Taiwan Life Insurance and National Chengchi University Business School.
Almost half of Australians in a survey said that they would need more than A$1m ($762,000) for a comfortable retirement, but experts say that in reality, they might not actually need that much.
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