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Pensions & Annuities tag returned 370 results

  • Australia: Pension funds battling COVID-19 impact on 3 fronts

    Superannuation trustees are facing three competing sets of problems as they deal with the unprecedented challenges posed by the COVID-19 pandemic, with investment governance, administration and operational effectiveness, and insurance all simultaneously competing for attention, according to new analysis from international professional services firm KPMG.

    Asia | 06 Apr 2020
  • Enterprise annuity funds return higher yield in 2019

    The average yield of China's enterprise annuity funds stood at 8.3% last year, with the aggregate investment return reaching CNY125.8bn ($17.7bn).

    China | 03 Apr 2020
  • Australia: Aon signs a 3-year partnership with The Tax Institute

    Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, yesterday announced a strategic partnership with The Tax Institute, expanding and strengthening Aon's focus on finance professionals in Australia.

    Asia | 03 Apr 2020
  • India: Govt-backed pension scheme for unorganised sector is slow to take off

    A flagship pension scheme for daily wage earners launched last year by Prime Minister Narendra Modi has not used one third of its original budget allocation in its first year of operation, a report by a parliamentary panel has revealed.

    Asia | 03 Apr 2020
  • Australia: Illiquid superannuation funds warned to expect regulatory scrutiny

    Australian pension funds unable to return part of their A$3tn ($1.82tn) savings to unemployed workers and to those in financial distress should expect to have their risk management frameworks scrutinised by the regulator, reported Reuters.

    Asia | 02 Apr 2020
  • Botswana: Insurance group eyes new markets

    Botswana Insurance Holdings Limited (BHL), the country's largest diversified financial group, is boosting its expansion strategy, including reviving an insurance target and moving into the pension fund and medical aid administration sector.

    Africa | 30 Mar 2020
  • Australia: Superannuation funds receive higher volume of queries

    Superannuation funds in Australia have started receiving higher levels of member inquiries, with one critical question being about reduced asset values in the wake of the COVID-19 pandemic, according to Rice Warner, an actuarial consulting, research and technology solutions firm.

    Asia | 25 Mar 2020
  • Australia: Govt allows those financially stricken by COVID-19 to withdraw super funds early

    The government will allow individuals in financial stress as a result of COVID-19 to access up to A$10,000 ($5,800) of their superannuation in the financial year ending 30 June 2020 (FY2020) and a further A$10,000 from 1 July 2020 for another three months.

    Asia | 23 Mar 2020
  • Turkey: Senior citizens form nearly 10% of total population

    The number of Turkish citizens aged at least 65 has risen by 21.9% to 7.55m in 2019 from 6.65m in 2014, according to data released by the Turkish Statistical Institute (TUIK) last week. The elderly formed 9.1% of the total population in 2019, up from 8.0% in 2014.

    Middle East | 22 Mar 2020
  • Singapore: HSBC Insurance launches HSBC Life Variable Annuity

    HSBC Life Singapore has launched HSBC Life Variable Annuity, a retirement plan which combines the assurance of a steady guaranteed base level of income and the ability to generate upside income potential.

    Agents | 18 Mar 2020