Private Pensions Archives - Page 3 of 8 - Pension Policy International

28SepSeptember 28, 2022

China to allow deferrals of gov’t-levied charges, tax concessions for private pensions

China will allow market entities to defer payments of certain government-levied charges to further reduce financial burdens, and offer tax concessions for private pension schemes, according to a State Council executive meeting. At the meeting, chaired by Chinese Premier Li Keqiang on Monday, decisions were also made to enhance government services, ensure a bumper autumn harvest with improved rural infrastructure, and promote the development of the self-employment sector. Payments of certain government-levied charges and deposits will be temporarily deferred to further...

September 28, 2022

NewsChina, Private Pensions, Taxation

02SepSeptember 2, 2022

UK pension funds lose case to block RPI inflation change

A British court on Thursday rejected an application from major pension funds to overturn authorities' plans to reform the Retail Prices Index (RPI) measure of inflation. "The application for judicial review is dismissed," London's High Court of Justice said in its judgment. The pension funds, including those of BT (BT.L), Marks and Spencer (MKS.L) and Ford (F.N), had brought the case for judicial review against the UK Statistics Authority regulator and Britain's finance minister. RPI, which dates back to the 1940s and...

September 2, 2022

NewsMexico, Occupational Pensions, Private Pensions

01SepSeptember 1, 2022

After union’s strike, Mexico’s Telmex offers better pension plan for new hires

Union workers for Telmex, the Mexican telecommunications firm controlled by the family of tycoon Carlos Slim, on Wednesday said they were weighing a new offer from employers that included improvements to retirement benefits for new staff. In a company document shared with union workers and seen by Reuters, new hires would upon retirement get a pension worth 100% of their final net pay, determined by their job category, becoming eligible after 35 years of work and once they turn 65. That...

September 1, 2022

NewsMexico, Occupational Pensions, Private Pensions

31AugAugust 31, 2022

China should encourage private pension accounts

By Jiang Xueqing China should encourage individuals to open personal accounts and choose investment vehicles under a private pension plan rolled out by the country, and the plan should be better connected with basic old-age insurance and occupational pensions to complement the current guaranteed retirement income system, industry experts said. The nation unveiled the framework of a private pension plan earlier this year amid increasing efforts to address the needs of its rapidly aging population. At the end of last year,...

August 31, 2022

News, OP Ed2022, China, Private Pensions

11AugAugust 11, 2022

Inequality of Opportunity and Health Performance of Private Health Insurance — Empirical Evidence from China

By Rui Li, Minxue Jia & Su Yang Background: The role of private health insurance in protecting the population's health is an essential global concern. However, the for-profit nature of private health insurance has led to inequality of opportunity for coverage, which has implications for the health performance of insurance.Method: This article uses the 2018 China Urban Statistics Yearbook and cross-sectional data from the China Health and Retirement Longitudinal Study (CHARLS) of 2015 and 2018. Based on the Heckman two-step...

August 11, 2022

Articles, System Characterization2022, China, Equality, Healthcare, Private Pensions, Social Security

05AugAugust 5, 2022

CFA Society Germany proposes merger of occupational with private pension systems

CFA Society Germany, the association of investment professionals, has proposed the merger between the country’s occupational and private pension systems under a format based on models in place in Sweden and Canada to cut administrative and sales costs that would lead to an increase in the level of pensions. The models would cater for two different market segments, one including savers opting for a standardised, state-run pension product, and another for savers who demand control over investments, the association said...

August 5, 2022

News2022, Germany, Occupational Pensions, Pension Reform, Private Pensions

27JunJune 27, 2022

China: Securities regulator proposes rules for inclusion of mutual funds in private pension scheme

The China Securities Regulatory Commission (CSRC) has said that mutual funds with at least CNY50m ($7.48m) of assets over the past four quarters are eligible to participate in the country's pilot private pension scheme. The securities regulator has proposed rules to regulate mutual funds, setting the criteria for qualified products and sales agents under a private pension scheme that will channel fresh savings into the country's capital markets, reported Reuters. The draft rules, published on 24 June, follow the launch by...

June 27, 2022

News2022, China, Private Pensions, Regulation

02JunJune 2, 2022

China: National pension insurer’s first annuity product approved

Beijing-headquartered national pension insurer, Guomin Pension & Insurance Co, has got off on a flying start with approval from CBIRC for a product named "Guomin Good Life Pension Annuity Insurance". This is the first annuity insurance of plan of the start-up company that was established only in March 2022. The product was included in the catalogue of filed life insurance products on the official website of the CBIRC in mid-May. This product, which pays benefits for the rest of the policyholder's...

June 2, 2022

News2022, China, Private Pensions

20MayMay 20, 2022

China’s private pension scheme to draw US$17.8 billion a year from savings accounts into asset management

China’s newly expanded private pension scheme will inject at least 120 billion yuan (US$17.8 billion) a year into the country’s asset-management market, according to analysts, as China Citic Bank becomes the first Chinese lender to apply for a licence to offer pension accounts in the scheme’s pilot programme. Read Also China: Big Four banks to pilot private pension scheme Under the scheme, unveiled in April, workers will be able to deposit up to 12,000 yuan per year into personal accounts that...

May 20, 2022

News2022, China, Investmwnt, Private Pensions

16MayMay 16, 2022

China: Big Four banks to pilot private pension scheme

China's Big Four state-owned banks will launch a pilot programme for retirement savings products in several regions soon, the CBIRC has announced. The banks are Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank. The retirement savings products, under development by the CBIRC and the People's Bank of China, are long-term investment plans with stable yields, fit for risk-averse residents, reported Xinhua News Agency citing the CBIRC. Banks to handle pension funds of up...

May 16, 2022

News2022, China, Coverage, Private Pensions

September 2022

China to allow deferrals of gov’t-levied charges, tax concessions for private pensions

UK pension funds lose case to block RPI inflation change

After union’s strike, Mexico’s Telmex offers better pension plan for new hires

August 2022

China should encourage private pension accounts

CFA Society Germany proposes merger of occupational with private pension systems

June 2022

China: Securities regulator proposes rules for inclusion of mutual funds in private pension scheme

China: National pension insurer’s first annuity product approved

May 2022

China’s private pension scheme to draw US$17.8 billion a year from savings accounts into asset management

China: Big Four banks to pilot private pension scheme