October 2020

30Oct

How are Japanese corporate funds adapting to global economic challenges

Since 2016, a Japanese publication for institutional investors, AL-IN, has periodical surveyed Japanese corporate pension funds to determine what products best serve them as they confront structural and market changes. The 2018 edition of the survey found pension funds preparing for a domestic economic downturn. Income gains were already slack and pension funds sought bond-related and low-liquidity assets to cover the shortfall. Since then, investment and financial markets have been defined by the U.S. Federal Reserve’s shift in monetary...

October 30, 2020
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29Oct

Highlights of China’s elderly care over past five years

China has been running at full tilt to foster a social environment in which senior citizens are respected, cared for and live happily in the span of the 13th Five-Year Plan (2016-2020), given the country's fast-growing aging population. By the end of 2019, China had a population of 254 million aged 60 or above, accounting for 18.1 percent of the national population. The number is expected to exceed 300 million in the next five years, according to the Ministry of...

October 29, 2020
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28Oct

Asia’s pension systems forced to cut back under COVID pressures

The coronavirus pandemic is weighing on Asia's pension systems, raising concerns about whether some will be up to the task of allowing future retirees to live comfortably. Read also How are Japanese corporate funds adapting to global economic challenges Across the region, employers hit by lockdowns and slower economic activity are struggling to keep pension funds topped up. Governments have responded by scaling back contribution requirements. Read also Highlights of China’s elderly care over past five years "The economic recession caused...

October 28, 2020
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28Oct

Saudi Arabia pension system shows positive signs in 2020

We show you our most important and recent visitors news details Saudi Arabia pension system shows positive signs in 2020 Global Pension Index in the following article Hind Al Soulia - Riyadh - RIYADH — Mercer released the results of its 2020 Mercer CFA Institute Global Pension Index survey (MCGPI) that benchmarks retirement income systems around the World. According to the survey, Saudi Arabia had an overall index value of 57.5 among the countries analyzed, scoring slightly higher than...

October 28, 2020
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27Oct

South Korea pension fund to oppose LG Chem’s battery split-off plan

It cited concerns about damage to shareholder value, including the possibility of diluting the equity value. LG Chem said in a statement that it very much regrets that NPS opposes the plan when most domestic and foreign proxy advisers including Institutional Shareholder Services back it, adding it will actively communicate with shareholders. "Although NPS is the second-largest shareholder of LG Chem...it is likely that dissenting votes would have little impact as most proxy advisers have recommended endorsement of...

October 27, 2020
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20Oct

Asia managers set strategies for expected U.S. election chaos

Money managers in Asia are deploying a range of traditional and unconventional strategies to cushion any losses as they brace for turbulence in the lead-up and aftermath of the U.S. presidential election. Chinese equities feature high in some recommendations on expectations the vote will have a limited impact on Asian assets, while derivatives that protect against a market slide are also listed among the strategies. Several investors suggest more conventional hedges such as the yen and gold as well...

October 20, 2020
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02Oct

Fintech and Financial Literacy in the Lao PDR

By Peter Morgan, Long Q. Trinh A growing literature has examined the role of financial literacy in an individual’s income, saving behavior and the use of various financial products. However, so far, no one has examined the relationship between financial literacy and the awareness and adoption of financial technology (fintech) products, i.e., financial products provided via internet-based and mobile-based platforms. This paper examines this relationship in a developing country, the Lao People’s Democratic Republic (PDR). We use information collected...

October 2, 2020
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September 2020

02Sep

How the coronavirus pandemic is deepening Asia’s pension crisis

As the Covid-19 pandemic continues to overwhelm economies in Asia, putting an unprecedented number of jobs on the line, another crisis is brewing in the backdrop – one that’s likely to hit millions of people years down the road. Along with the strain on their health and financial well-being, the pandemic threatens to derail Asians’ retirement security and Asia’s multitrillion-dollar pension systems, which already faced major challenges pre-Covid-19. As early as 2017, the World Economic Forum warned that a...

September 2, 2020
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August 2020

21Aug

Life Insurance: The Savings Solution for the Thai Elderly

By sivalap sukpaiboonwat The main objective of this work is investigating life insurance is the alternative choice of savings for Thai elderly. The study uses primary data from research questionnaire by online survey from the 400 observations in December 2018. The statistics used in the analysis include descriptive statistics composed of the percentage. The research finds the first rank of financial planning is the bank deposit with 32.1 percent, the second rank is life insurance with 27.3 percent and...

August 21, 2020
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12Aug

Thai Airways must pay B5.4bn in pensions

Debt-ridden Thai Airways International (THAI) will have to pay more than 1,600 employees pensions worth 5.4 billion baht over the next 13 years, according to a source at the airline. The revelation came as THAI puts together a debt rehabilitation plan -- which necessitates aggressive cuts to employee salaries and other expenses -- to be submitted to the Central Bankruptcy Court on Aug 17. It has also appointed six members of its board of directors to execute the plan....

August 12, 2020
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