With out-of-pocket expenditure exceeding 60% in some countries across Sub-Saharan Africa, there is value in universal health coverage (UHC) solutions that are equitable, provide quality care and reduce the financial burden on individuals. However, with low levels of healthcare infrastructure, high medical inflation and a predominantly informal sector, there is a question as to whether UHC is even possible for Sub-Saharan African nations.
In April 2022, China's personal pensions system has been officially announced. As the third pillar of the government-supported pensions system, this system has attracted a lot of attention. On 25 November 2022, the Ministry of Human Resources and Social Security of China announced the official implementation of the personal pensions system, which has once again become a hot topic nationwide.
In the UK, the idea of collective defined contribution (CDC) pension schemes is gaining more attention with the launch of the Royal Mail CDC scheme, the first of its kind in the UK. In this webinar we investigate the performance of a defined benefit-like CDC scheme, by considering the income paid out in retirement to the scheme members. This builds on our previous webinar, which explained the different types of investment risk-sharing in such a CDC scheme.
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Investing to achieve net zero continues to be in the headlines and on the agenda of asset owners and asset managers around the world. As actuaries, we are often involved in helping clients invest to meet their liabilities, but what about investing to meet our liability to future generations who will have to deal with the impact if we do not curtail, and reverse, greenhouse gas emissions? Many initiatives have emerged to promote and support the transition to net zero, including a number of investment frameworks.