CBI members, The City of London and Standard Life Aberdeen, held a webinar with Sir Douglas Flint, chairman of Standard Life Aberdeen and HM Treasury’s Special Envoy to the Belt & Road Initiative, on the topic of opportunities for overseas investment, diversification and industry reform in China’s pensions market.
In a wide-ranging discussion that covered China’s pension markets in detail, to the macro-economic factors tying UK consumers to the experience of Chinese investors, British businesses were given an introduction on how to benefit from the local reforms and the evolving role of asset managers in China’s financial eco-system, as the country seeks to include the UK more and more in its investment landscape.
On the topic of China’s pension system, City of London and Standard Life Aberdeen presented the opportunities and challenges investors could face entering China’s pensions market, and the lessons UK pensions providers could learn from China. One such area was that China’s sales model for pension products combines senior care services with individual annuity contracts, which was described as “innovative and pioneering” and “not seen as much in the UK.” Leonardo Kalisperas, global head of portfolio solutions at Standard Life Aberdeen continued to say that as a “win-win situation to create assets that are useful for both pensioners and investors, this is where the UK can learn from China.”
To listen to the webinar in full, please follow the link.
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