China yesterday released guidelines to make its enterprise annuity system more inclusive, flexible and convenient, by broadening access to more workers.
South Koreans in their 40s and 50s are growing anxious about their retirement and old-age preparedness. More than 60% of the Koreans participating in a study on retirement planning and allied topics revealed that they are not prepared for old age, despite broad awareness of the need for retirement planning.
Individuals enrolled in the voluntary social insurance scheme will qualify for a pension once they reach the statutory retirement age and have contributed to the scheme for at least 15 years, under provisions of the 2024 Social Insurance Law. The measure takes effect this year.
China will initiate more reforms to protect the rights of flexible workers and those involved in new forms of employment to promote high-quality and fuller employment and maintain social stability.
Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster, an initiative spearheaded by Abu Dhabi Department of Economic Development and Abu Dhabi Investment Office. FIDA aims to advance the next generation of innovative financial and investment solutions.
More activity is expected in China's personal pension system as the Ministry of Finance and the People's Bank of China have jointly issued a notice announcing their decision to allow authorised institutions to offer electronic savings treasury bonds to subscribers to the system, which marks its third anniversary this month.
All life insurers in South Korea will be able to launch products, enabling life insurance policyholders to have access to death benefits early in their retirement, by 2 January 2026, according to the Financial Services Commission (FSC).
The "CCISSR Forum 2025 (22nd Edition)," jointly organised by the Peking University School of Economics and the Peking University China Center for Insurance and Social Security Research (CCISSR), was held on 8 November at the School of Economics.
Guangdong has signalled stronger support for cross-border retirement finance in the Greater Bay Area, outlining measures to deepen cooperation with Hong Kong and Macau and to advance insurance-market connectivity across the region.
China's ageing population and rising demand for elderly care are deepening the link between insurers and capital markets, with real estate investment trust (REITs) and Asset-backed securities (ABS) emerging as key tools to unlock assets and attract long-term capital.