October 2020

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
News, Slider, , ,
Read more...
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
News, Slider, , , , ,
Read more...
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
News, Slider, , ,
Read more...
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
Articles, Innovation, System Sustainability, , , ,
Read more...

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
News, Slider, , , ,
Read more...

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
Articles, Pension design, Savings, , ,
Read more...
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
News, Slider, , , , ,
Read more...
03Aug

India. Panel on labour suggests social protection for informal workers

The panel called for a framework of a model composite scheme to bring greater uniformity among states The committee sought the creation of a social security fund for unorganized sector workers The parliamentary panel on labour has batted for universal social protection for unorganized sector workers and has proposed a blueprint for the Centre to include gig-economy workers, while acknowledging rapid changes in the labour market. The parliamentary panel, which submitted its report to Lok Sabha speaker Om Birla...

August 3, 2020
News, Slider, , , ,
Read more...

July 2020

30Jul

China’s Policy Instruments : Tax Reduction, Retirement Prolonging and Welfare Changes

By Peilin Yang China is facing a series of significant debt problems. We have studied the changes in debt and benefits under different policy instruments under the framework of large-scale OLG. Under the three retirement ages, as the retirement age increases, the maximum increase in benefits is 17.98%, and the debt is 75.69%. Under the five tax rates, the optimal tax rate is 28%, the maximum increase in benefits is 22.65%, and the maximum debt ratio is 75%. Source:...

July 30, 2020
Articles, Pension design, Regulation, , , ,
Read more...
23Jul

WhatsApp to pilot projects to deliver credit, insurance and pension to users in India

WhatsApp plans to offer credit, insurance and pension products to lower-income individuals and those in rural areas in India and help digitize local small and medium-sized businesses as the Facebook service looks to make a digital payments push in its biggest market by users. The instant messaging app maker has been working with banks -- including ICICI, Kotak Mahindra and HDFC -- in India for the past year to explore ways to bring financial services to individuals who have...

July 23, 2020
News, Slider, , , ,
Read more...