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Help the aged: Pension potential
HOME > PAST ISSUE > REPORTS [Premium content]October 2007
It is no secret that China has an ageing population and insufficient means of providing for it in the future. A World Bank study in 2005 estimated that China’s implicit pension debt – the total value of the welfare commitments already made to people – was at least US$1.6 trillion. The need to fill this hole represents an opportunity for foreign insurers.
China’s pension system comprises three pillars: mandatory state pensions; voluntary unregulated pensions; ...
China’s pension system comprises three pillars: mandatory state pensions; voluntary unregulated pensions; ...
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