CHINA - Generali is to act as an adviser on pension plans for retired employees of state-owned enterprises (SOEs), held by the Chinese Central Government.
The CCT Group has been chosen by SASAC as a pioneer for all SASAC state-owned enterprises involved in the reform and restructuring of State-owned assets and personnel.
Balbinot said Generali was selected to provide SASAC and CCT Group with technical assistance on pensions and benefits for retirees of SOEs.
He said: "In its advisory role, Generali intends to draw on and share with China Chengtong its international expertise."
In 2002, Assicurazioni Generali S.p.A. and China National Petroleum Corporation (CNPC) established the Generali China Life Insurance Company - a life insurance joint venture.
In 2005, it wrote a single-premium group policy covering 390,000 CNPC retirees.
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
This week's top stories include an article on climate activists from Extinction Rebellion crashing the PLSA's local authority conference, and an in-depth piece on the Court of Appeal's ruling on the BIC UK Pension Scheme case.
Engagement in pensions is rising but there are still a number of barriers to overcome. Natanje Holt looks at the key issues that need to be tackled