Pension

IRDA likely to implement new Indian Accounting Standard in the insurance sector soon

Indian News       Jun 30, 2020

  Hyderabad: The insurance regulator IRDA has indicated that Implementation of the new accounting system - the Indian Accounting Standard (abbreviated as Ind-AS)- in the domestic  insurance sector is likely happened in mid 2020. In its recent board meeting the IRDA discussed, the status of implementation...

Global investors including insurers urge Brazil to stop deforestation

International News       Jun 24, 2020

  BRASILIA:  A group of 29 global investment firms that manage $3.7 trillion are demanding meetings with Brazilian diplomats around the world to call on right-wing President Jair Bolsonaro’s government to stop soaring deforestation in the Amazon rainforest.The investors, led by Norwegian insurance and pension firm...

Insurers need to be flexible with customers following unemployment spikes,says GlobalData

Facts       Jun 21, 2020

  London: High unemployment levels from the COVID-19 pandemic will mean Insurance providers will struggle to convince policyholders to keep policies, according to GlobalData, a leading data and analytics company.   Yasha Kuruvilla,Insurance Analyst at GlobalData, commented “While some economies will begin to open up again, high...

Pension insurance deals boost UK company shares by up to 3%,says report

      Jun 17, 2020

LONDON: Most London-listed companies that transferred pension obligations to insurance companies saw their share prices rise by up to 3% more than sector peers in the six months after completing the deals, a report showed on Wednesday.   Two-thirds of the more than 70 firms which...

Modifications in National Pension Scheme financially untenable Finance Ministry

Indian News       Jun 02, 2020

New Delhi: The Finance Ministry has ruled out proposals by a federation of central and state governments employees seeking modification in the National Pension Scheme, saying its corpus is invested in a prudential manner to ensure optimal returns and suggested that changes will be financially...

SC to decide if divorced daughter has same right to freedom fighter family pension as unmarried one

Facts       May 31, 2020

  New Delhi: Is a divorced woman entitled to her freedom fighter father's family pension like an unmarried or widowed daughter?   A high court said "yes", while another ruled: "No. It is not a bounty." The Supreme Court has now agreed to settle the question.   The...

Calm before the storm for Japan suicides as coronavirus ravages economy

Facts       May 29, 2020

  TOKYO: The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don’t stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.Both operating days and...

LIC to start selling 7.40% govt's pension scheme from tomorrow

Indian News       May 25, 2020

  Mumbai: The Life Insurance Corporation (LIC) will launch the modified Pradhan Mantri Vaya Vandana Yojana on Tuesday. The plan offering an assured rate of return of 7.40 per cent will be available for sale for three financial years i.e. upto 31st March, 2023. This scheme...

Over 50% of urban Indians feel COVID-19 situation getting worse

Facts       May 21, 2020

  Mumbai: More than half of Indians think that the coronavirus pandemic in the country is getting worse as the country has entered the fourth phase of lockdown to contain the spread, a survey has revealed.   According to market research and data company YouGov''s ''global COVID-19...

Germany must stabilise social security system with cash injection: officials

International News       May 14, 2020

  BERLIN: Germany will have to stabilise its social security system with cash injections to cushion the effect of coronavirus on health, the labour market and pensions, officials said on Thursday, an effort experts estimate could cost many billions of euros.   The German economy, Europe’s largest,...

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