August 2021
20Aug

China plans $1.72bn national pension company

China plans to set up a national pension company in Beijing with registered capital of 11.15 billion yuan ($1.72 billion) as the country's population rapidly ages. Seventeen financial institutions will take stakes in the company, including the wealth management units of China's big five banks, each with 1 billion yuan, or 8.97%, the Insurance Association of China said Thursday in a statement on its website. China's largest brokerage, Citic Securities; Taikang Life Insurance; and the investment arm of Beijing's State-owned...

August 20, 2021
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12Aug

Living in the COVID-19 Pandemic: The Health, Finances, and Retirement Prospects of Four Generations

By Transamerica Center for Retirement Studies Since 1998, Transamerica Center for Retirement Studies® (TCRS) has conducted a national survey of U.S. business employers and workers regarding their attitudes toward retirement. The overall goals for the study are to illuminate emerging trends, promote awareness, and help educate the public. It has grown to be one of the longest running and largest national surveys of its kind. • Limited Print and Electronic Rights. This document and trademark(s) contained herein are federally registered or...

August 12, 2021
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04Aug

Intergenerational inequality and pension systems

By CAndreas Charalambous and Omiros Pissarides he issue of income inequality lies at the heart of political discussions, both at EU and worldwide levels. Inequality manifests itself in different forms – inequality within a country, inequality between countries and intergenerational inequality. Today’s article deals with the issue of intergenerational inequality, aiming at safeguarding a satisfactory quality of life for future generations, with a particular emphasis on vulnerable citizens. The main policy instrument for this purpose is the adaptation of pension systems. Modern...

August 4, 2021
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July 2021
21Jul

China to allow tax deductions for care of small children to help boost births

China will allow tax deductions for expenses on children under three as part of a major relaxation in child-bearing policy to stem a dramatic decline in births in the world's most populous country, an official document showed on Tuesday. Beijing announced on May 31 that it would permit married couples to have up to three children, rather than just two. It scrapped a decades-old one-child policy in 2016 in favour of a two-child limit to try and stave off risks to...

July 21, 2021
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June 2021
17Jun

2021 pension adequacy report Current and future income adequacy in old age in the EU. Volume I

By The 2021 Pension Adequacy Report (PAR) is the fourth edition of the report, prepared every 3 years by the Social Protection Committee (SPC) and the European Commission. The report aims to present a comparative analysis of the degree to which pension systems in the EU Member States enable older people to retire with an adequate income today and in the future, reflecting pension reforms, as well as underlying changes and current or future challenges in our societies. Since 2012, the...

June 17, 2021
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15Jun

APAC pensions industry and recent trends in Japan

Pension assets across the largest pensions’ markets increased 11% in 2020, according to the Global Pensions Assets Study 2021 by Willis Towers Watson. Asia Pacific pension funds beat their peers in asset value growth in 2019, according to a report on the world’s top 300 pension funds by the Thinking Ahead Institute. Assets under management (AUM) of the top 20 pension funds grew 8.1% year-on-year in 2019, led by a 10.6% growth in the assets of Asia Pacific funds. Read...

June 15, 2021
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02Jun

Kenya’s civil service is ageing, but adjustments aren’t being made

The demographic profiles of countries like Kenya, where a high percentage of people are young, would suggest that it’s swiftly renewing its workforce with fresh talent. But this doesn’t seem to be the case. We conducted a study in a public sector organisation three years ago. We found that the bureau had an ageing workforce. More than half of its staff were 50 years old and above. The majority of employees were aged between 51 and 60. This suggests that, in...

June 2, 2021
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01Jun

Bulgaria Is Ageing Fast, 31 Percent of Population Will be over 65 in 2070

The Bulgarian population is ageing and this will cause major problems in the payment of pensions in the coming years. The share of people over the age of 65 relative to the total population will increase from about 21% in 2019 to 31% in 2070. This is written in the Country's Convergence Programme, which was recently sent to the European Commission, informs Trud daily. The Bulgarian pension system faces serious demographic challenges, the document says. Forecasts from the European statistical...

June 1, 2021
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May 2021
31May

China introduces three-child policy to alleviate problem of ageing population

China's government has announced it is scrapping a policy limiting couples to two children and will now allow them to have three. The change was approved during a Politburo meeting chaired by President Xi Jinping, according to official news agency Xinhua. The government said the problem of an ageing populace was deepening and the change would help to improve the structure of China's population and maintain its advantage in human resources. The policy change will come with "supportive measures, which will be...

May 31, 2021
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20May

African Demographics Changing Rapidly, Forcing To Re-Think Pensions

Africa has long been known for its youthful population, and while the continent will continue to have the largest youth cohort in the world, they’ll live longer than their forebearers, according to the latest Bright Africa pensions research from RisCura, a global investment firm. Read also Investing in an Ageing Population The research shows that longevity expectations have changed dramatically, thanks to better nutrition, medical advances and overall improvements in the general standard of living. Read also Shock retirement numbers for South...

May 20, 2021
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