Principal Financial, one of the largest US providers of pension plans, has its eye on Asia in light of the many initiatives for pension reform in the region and the ageing population.Thursday, 13 June, 2013, 5:03am
The fund's party secretary, Dai Xianglong, was quoted by Xinhua yesterday as saying that the central government should transfer 30 per cent of capital gains it receives from state-owned enterprises (SOEs) to the National Social Security Fund (NSSF).17 Apr 2013 - 5:44am
Finance minister Xie Xuren has moved to be head of the National Council for Social Security Fund in the government reshuffle, replacing Dai Xianglong, a senior official at the national pension fund told the South China Morning Post.20 Mar 2013 - 4:35am
The world's richest man is proving better at generating wealth for himself than the 1.1 million Mexican pensioners investing with him.7 Jan 2013 - 4:31am
Accidents in mainland factories which result in serious injuries such as loss of limbs are all too common. Often, this happens because workers are made to operate outdated machinery.11 Dec 2012 - 1:50am
A proposal to fix China's pension scheme is bringing hopes of a stronger safety net. The government has launched a public consultation on a plan that will allow people to switch between three existing types of pension insurance.6 Dec 2012 - 3:47am
The city's Mandatory Provident Fund (MPF) reported lower returns in the past two months, although hot money inflow, which boosted third-quarter results, helped it stay in the black.
The 443 retirement funds, which cover 2.5 million employees in Hong Kong, returned only 1.24 per cent in November and 0.67 per cent in October, month on month, according to data provider Lipper.5 Dec 2012 - 3:12am
The mainland securities regulator yesterday called for up to half the shares of state-owned enterprises going public to be allocated to the nation's pension fund.
Central and local governments are now required to transfer 10 per cent of the initial public offering of such enterprises they control to the pension fund, which is a major institutional investor in China's stock market.29 Nov 2012 - 3:46am
The national pension fund has pledged to increase investments in major state-owned enterprises (SOEs), in a bid to cement its ties with the industrial juggernauts that enjoy a cosy oligopoly on the mainland.13 Apr 2012 - 12:00am
Roughly 143 million mainland farmers are now covered by the pension system, a senior official says. However, at 55 yuan (HK$65) a month, the recipients say the payments are not enough to make a real difference to their lives.9 Mar 2011 - 12:00am