A forum of 10 trade unions has given a 17-point charter of demand....
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Pension & Social Security
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Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin
The inclusion of UPS under the tax framework marks another step...
UAE becomes world’s third-largest holder of sovereign wealth and public pension assets
This places the UAE behind only the United States, which tops the...
LIC secures 107th position in Fortune Global 500 list
Life Insurance Corporation(LIC) is celebrating its 67th anniversary on Friday. With 13.47 lakh agents, LIC has taken many customer-centric initiatives and digital initiatives besides improving pricing and creating operational efficiencies Mumbai: With total 27.74...
India Retirement Index: Urban India sees a significant upward movement
Prashant Tripathy, managing director & CEO, Max Life said, “This edition shows progress in India’s retirement preparedness, which also signals the country’s stronger economic resilience. Today's working population will be tomorrow's large, retired population. And...
Pandemic, inflation push 68 million more in Asia into extreme poverty – ADB
In a new report released on Thursday, the ADB said an estimated 155.2 million people in developing Asia, or 3.9% of the region's population, lived in extreme poverty as of last year, 67.8 million more than would have been the case without the health and cost-of-living...
Australia’s spending on public pensions to be lowest in OECD as private system takes strain
The number of Australians aged 65 and over will double by 2063 but spending on public pensions will decline to 2% of GDP over the same period, from 2.3% today, thanks to the private pension system, according to excerpts from the "Intergenerational Report 2023" seen by...
UK PM Sunak commits to triple-lock pension policy despite inflation
Last November, with inflation in double-digits, finance minister Jeremy Hunt decided to raise state retirement and welfare benefits payments in line with price growth at a cost of about 11 billion pounds London: British Prime Minister Rishi Sunak said he was committed...
EPFO invests Rs 13,017 crore in exchange traded funds (ETFs) in April-July period
Minister of State for Labour and Employment Rameswar Teli said the Code on Social Security, 2020 envisages social security benefits through formulation of schemes for gig and platform workers that can be implemented through EPFO and Employees’ State Insurance...
Stability a major concern, 50 pc of gig workforce interested in full-time jobs: Report
Lack of social security (24 per cent) was another key challenge flagged by those surveyed. Meanwhile, the report found that 32 per cent of respondents find uncertainty of their employment as the biggest challenge. This points to the lack of stability and...
Changes in insurance sector will help create value for customers: Parekh
These regulations will increase the ease of doing business, encourage development of longer-term products, improve persistency, thereby creating value for customers,HDFC Life Chairman Deepak Parekh said Mumbai: The massive changes taking place on the regulatory front...
Rajasthan govt tables country’s first gig workers bill
Under the bill, the state will constitute a 'The Rajasthan Platform Based Gig Workers Welfare Board' which will ensure registration of gig workers and aggregators operating in the state The bill will give gig workers a unique ID which will be applicable across...
Society of Actuaries Research Institute launches longevity Illustrator for Singapore, Hong Kong and Canada
"A variety of possibilities should be considered when preparing for retirement, including longevity. SOA's Longevity Illustrator, a web-based tool, is designed to provide information to help individuals and couples plan a secure retirement more effectively with just a...