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International Wealth Solutions

APAC Retirement Legislative Updates

Below you will find recent legislative developments from across the APAC region, with a focus on retirement.

Country Date Topic Headline Expected Impact Read More
Australia September 2022 Pension plan benefits Social Services Legislation Amendment (Enhancing Pensioner and Veteran Workforce Participation) Bill 2022 Medium https://aon.io/3BN7kXS
  September 2022 Taxation / Social security change The Social Services and Other Legislation Amendment (Incentivising Pensioners to Downsize) Bill 2022 Medium https://aon.io/3Cc7E3M
  August 2022 Governance Financial hardship requests Medium https://aon.io/3Kgo0e2
  August 2022 Retirement age Reduction in the eligibility age for downsizer contributions Medium https://aon.io/3d3HoOT
  July 2022 Governance Regulatory Guide 276 Superannuation forecasts Medium https://aon.io/3ocuBMr
  July 2022 Social security change Super changes Medium https://aon.io/3ICLkBN
  April 2022 State pension reform Superannuation Data Transformation Phase 2 Medium https://aon.io/3JZ7Jsj
  April 2022 Governance Extension of relief for superannuation trustees Medium https://aon.io/3EP2Scb
  April 2022 Taxation / Social security change Key superannuation rates and thresholds for the 2022–23 income year Medium https://aon.io/3EnHrih
  April 2022 State pension reform International Organisation of Pension Supervisors Good Practices for designing, presenting and supervising pension projections Medium https://aon.io/3rri0Hl
Bahrain May 2022 State pension reform Social Insurance Pension Program reform Medium https://aon.io/3yvrzZY
China June 2022 Social security change Increase in pension payment Medium https://aon.io/3zB7e67
  June 2022 Governance Deferred premium payments Medium https://aon.io/3OeUVAl
  May 2022 State pension reform Nationwide private old age pension insurance High https://aon.io/3s9P3Qy
Hong Kong June 2022 Governance Offsetting Arrangement amendment passed Medium https://aon.io/3HVF9Zv
  May 2022 Governance Mandatory Provident Fund (MPF) Guidelines Medium https://aon.io/3wyr7Yb
  May 2022 Governance Electronic Mandatory Provident Fund (eMPF) Platform update Medium https://aon.io/3yKgYur
  May 2022 Investment policy New Mandatory Provident Fund (MPF) fund Medium https://aon.io/3yJREVm
India September 2022 State pension reform Minimum and maximum commission chargeable on National Pension Scheme (NPS) account contributions Medium https://aon.io/3BctYbS
  July 2022 Governance Labour Code Amendments Medium https://aon.io/3IWOPU0
Indonesia May 2022 Governance Procedures and Requirements for Payment of Jaminan Hari Tua (JHT) Medium https://aon.io/3wC1wxw
Kazakhstan April 2022 Pension plan benefits Minimum sufficiency thresholds for 2022 Medium https://aon.io/3jUHqZu
Philippines August 2022 Pension plan benefits Increase in monthly pensions for indigent citizens Medium https://aon.io/3PuwFuc
  July 2022 Governance Social Security System (SSS) planning to launch two new programs Medium https://aon.io/3zaLaNV
  July 2022 State pension reform Social Pension Program for Indigent Senior Citizens reform Medium https://aon.io/3PmlZi3
Qatar June 2022 State pension reform Laws on retirement benefits Medium https://aon.io/3xRTZN2
South Korea July 2022 Investment policy Employee Retirement Benefit Security Act amendments High https://aon.io/3zwHY0h
Turkey April 2022 State pension reform Changes to the Private Pension System Medium https://aon.io/3jxjLy3
United Arab Emirates April 2022 Governance New law on social security fund Medium https://aon.io/3uZ2MKm


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