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Pensions & Annuities tag returned 51 results

  • FTLife launches Prosperous Deferred Annuity Plan 2 for customers' retirement need with tax deduction

    FTLife Insurance Company Limited (FTLife) has conducted a "Retirement Planning and Confidence Survey" in December 2020. The survey revealed increased pessimistic about retirement among respondents since the start of the pandemic.

    Date : 26 Jan 2021
  • Korean insurers face key challenge as elderly population to double by 2040 - Moody's

    Korea's aging population poses a key challenge to the country's insurers in coming decades, with the share of the population aged 65 or above set to double to 32% by 2040 from 16% in 2020, according to a new report by Moody's Investors Service.

    Date : 19 Jan 2021
  • Hong Kong: Insurance Authority releases provisional statistics of the insurance industry for the first three quarters of 2020

    The Insurance Authority (IA) has released provisional statistics of the Hong Kong insurance industry for the first three quarters of 2020, indicating a growth of total gross premiums by 5.5% to $461.1 billion over the corresponding period in 2019.

    Date : 03 Jan 2021
  • COVID-19 exacerbates retirement insecurity in Asia

    Singapore's retirement system retains its top spot in Asia, ranking seventh out of 39 retirement systems, according to the 12th annual Mercer CFA Institute Global Pension Index, a study of retirement income systems across the globe, covering almost two-thirds of the world's population.

    Date : 10 Nov 2020
  • FWD launches RetireFun to offer enhanced flexibility and choice for retirement planning

    FWD Hong Kong has launched the RetireFun Deferred Annuity Plan (RetireFun), a Qualifying Deferred Annuity Policy ('QDAP') that offers enhanced flexibility and choice for customers.

    Date : 05 Nov 2020
  • COVID-19 negatively impacts future pensions provision

    The impact of COVID-19 on the provision of future pensions around the world will be negative due to reduced contributions, lower investment returns and higher government debt.

    Date : 02 Nov 2020
  • Rethinking Retirement in Asia - Oliver Wyman

    How can insurers better serve retirees in Asia post-crisis? Angat Sandhu and Ajit Rochlani from Oliver Wyman share their insights in this article.

    Date : 06 Jul 2020
  • Asian market falls behind in terms of pension systems- Allianz Global Pension Report 2020

    Allianz unveiled the first edition of its "Global Pension Report", taking the pulse of pension systems around the world with its proprietary pension indicator, the Allianz Pension Indicator (API). The indicator follows a simple logic: It starts the analysis with the demographic and fiscal prerequisites and then continues to examine pension systems along their two decisive dimensions: sustainability and adequacy. Hence, it is based on three pillars and takes all in all 30 parameters into account, which are rated on a scale of 1 to 7, with 1 being the best grade. By adding up all weighted subtotals, the API assigns each of the analysed 70 countries a grade between 1 and 7, thus providing a comprehensive view of the respective pension system.

    Date : 01 Jun 2020
  • A Possible Solution to the Soaring Old-Age Dependency Ratio?

    This article is in no way trying to minimize the medical and financial horrors inflicted around the world by the COVID-19 pandemic. But before most of the world ever heard of a coronavirus or COVID-19, there was a different global crisis, albeit less immediate than the current pandemic, says Ronnie Klein, Executive Director of Bermuda International Long Term Insurers and Reinsurers (BILTIR), which represents Bermuda's life and annuity sectors. He shares his insights in this article.

    Date : 25 May 2020
  • Hong Kong: Over half believe that their savings would be insufficient to support retirement - Manulife survey

    New research by Manulife Hong Kong has revealed that around one-third of working people in Hong Kong are likely to invest their retirement savings - including accrued Mandatory Provident Fund (MPF) benefits - in stocks when they retire, exposing them to the risk of high volatility.

    Date : 19 May 2020
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