East Asia needs new pension products, finds CSIS
East Asians must take more responsibility for their pension needs, as government- and employer-backed systems struggle to provide sufficient retirement income, finds a new study.
As today’s working generation in East Asia grows increasingly market-orientated, financial services firms should offer products and services to enable workers to assume responsibility for their own retirement, argues a recent study.
The Centre for Strategic and International Studies (CSIS) report* is based on a survey of individuals in mainland China, Hong Kong, Malaysia, Singapore, South Korea and Taiwan.
There is strong support for individuals taking greater responsibility for…
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