Pension Industry Research Articles

Research on the Synergistic Development of China’s Pension Industry and Pension Career

To adapt to the new demographic trends and foster high-quality and sustainable population growth, this study analyzes the synergistic development of the pension industry and pension career based on the data of 31 provinces in China from 2016 to 2022, using a distance coordination model, the latest Vague set similarity measure method, new grey relational analysis, kernel density estimation, and Markov chain. The findings indicate that (1) the development levels of China’s pension industry and pension career have shown a steady upward trend, with the gap between them gradually narrowing, though the overall development of the pension career remains higher than that of the pension industry. (2) The synergistic degree of China’s pension industry and pension career is high, with the degree of synergy fluctuating but generally increasing. (3) The synergistic development degree of the pension industry and pension career has continued to rise. The increase in the synergistic development degree shows a spatial distribution pattern of “Central > East > West”. (4) The spatial distribution of synergistic development of China’s pension industry and pension career is uneven, and in the long term, regions with higher synergistic development levels tend to positively influence less developed regions.

Organizational Culture and Performance of Quasi-Public Institutions Within the Pension Industry in Kenya: A Case of Local Authorities Pension Trust

This study intended to examine the organizational culture and performance of quasi-public institutions within the pension industry in Kenya with a focus on Local Authorities Pension Trust. Key theories under review in this research paper were the Balance Score Card theory, Scheins organizational culture theory and Institutional theory. Descriptive research design was employed and utilized by this research. The 224 staff working in Local Authorities Pension Trust offices across the country formed the target population of this study. In order to determine the sample size, simple random sampling was utilized. For this research, the researcher utilized a questionnaire to collect data from responders. There were both open-ended and closed-ended questions on the survey. To determine the connection between organizational culture and performance, the researcher did a multiple regression analysis. Questionnaires were utilized for gathering quantitative data, which were then evaluated employing descriptive statistics in SPSS and displayed in the form of tables, pie charts, and bar graphs. The data gathered was leveraged to create pie charts, bar graphs, and tables that illustrated facts about the link between organizational culture and performance at Local Authorities Pension Trust. The study found that a balanced mix of clan culture, adhocracy culture, market culture and hierarchical culture had a positive significant effect on the performance of LAPTRUST. The study concludes that in a clan culture, employees are encouraged to participate in decision-making processes, share their ideas, and contribute to the overall success of the organization. The study recommended that the organization should encourage cross-functional teams and collaboration across departments to break down silos and promote innovation. The organization should invest in training programs that enhance employees' market knowledge and skills can contribute to a market culture. The organization should clearly define and communicate the roles and responsibilities of each level within the hierarchy, ensuring that employees understand their position and how it fits into the overall organizational structure.

A Study on the Community Wisdom Elderly Care Model in the Context of Digital Economy

As the proportion of the elderly population in China continues to rise, the living pressure of the middle-aged group increases and the financial burden of the country gradually increases, it has become a priority to seek the empowerment of digital economy to the pension industry. In addition, the number of high-quality talents is gradually increasing, so it is particularly important to study how digital economy can promote and improve elderly care services in this context. From the perspective of community smart pension, this paper analyzes the three aspects of material resources (R), technology (T) and human resources (H), and deeply discusses the problems faced by the digital economy enabling community smart pension industry, such as insufficient digital application degree, lack of community smart application platform, lack of digital talents and application talents. The corresponding solution is proposed. It is hoped that this can provide reference significance for promoting the exploration of community smart pension mode, and provide enlightenment for future academic research and practical work in related fields.

Feasibility Analysis and Strategic Suggestions for the Development of Residential Pension in Weihai City

Population aging has become one of the serious problems facing our country, but with the increasing improvement of people's living standards, to meet the basic needs of the elderly pension business has been difficult to meet the needs of the elderly multi-level and personalized pension, tourism, vacation as the main form of hostel pension industry has gradually entered the field of vision of the elderly and has been a certain development. This paper starts from the swot analysis of Weihai City, Shandong Province, which develops hostel industry, and then puts forward the optimization suggestions for the development of hostel pension in order to promote the further development of the hostel pension industry in China.

Challenges and Recommendations for the Pension Tourism Market in the Era of Internet Plus

With the rise of "Internet Plus", the integration of the pension industry and the tourism market is facing unprecedented challenges while also presenting boundless opportunities. This study aims to explore the underlying motivations, analyze the difficulties encountered in the development of the pension tourism market, and put forward countermeasures. Moreover, the operation mode and promotion mode of the pension tourism market in the era of the "Internet Plus" are analyzed in this research through the combination of supply-demand analysis, literature review, and case analysis. The result shows that the changes in Internet technology and market demand pose challenges to the traditional pension tourism market; however, they also provide new opportunities for industry integration and market segmentation. Our research conclusion emphasizes that the industry needs to cultivate talent, introduce intelligent management, strengthen personalized services, simplify service processes, and protect information security to adapt to the changes in the Internet era so as to achieve sustainable development.

Research and Innovation of a Community Intelligent Pension Service System: Taking Longhua District, Shenzhen, China, as an Example

With the aging of China's population, as a new model combining information technology and high-quality elderly care services, the topic of smart elderly care continues to warm up and has immediately attracted widespread attention. With the innovation of Internet technology, elderly people and families are in demand of the smart pension industry, and national policies have issued a series of policies and plans to encourage the development of smart pensions, allowing the innovation and design of China's smart elderly service system to fully expand. However, the research shows that from the perspective of the macro development of China's smart pension industry, the overall operation system is not mature, the talent gap is more accurate, there are fewer services, and it is still in the market development stage. This paper focuses on the Shenzhen Longhua District, which is a local part of the community wisdom endowment service industry chain investigation. The analysis of the current pension service system development is not mature enough, and it does not completely combine Internet technology and wisdom endowment. Additionally, because the economic strength and cultural level limit of wisdom endowment service acceptance are not high, the policy support for community wisdom endowment is not large enough. On this basis, this paper draws on the excellent successful experience at home and abroad. From the perspective of three aspects and put forward opinions for innovation, first, the innovation of community smart elderly care service technology, which combines Internet information technology and elderly care services organically, improves the quality of life and the happiness index of elderly people. Second, the innovation of community smart elderly care services, including the full use of medical institutions to provide 24-hour rehabilitation monitoring, remote monitoring services, and personalized and differentiated services, are tailored for elderly people. Third, the national policy innovation of community elderly care services, through policy guidance and support, promotes the healthy development of community elderly care services to provide better quality and convenient pension services for elderly people. The author believes that in the future, community elderly care services will be more professional and standardized, and a set of digital systems and service standards with scientific standards and rules will be established to ensure the quality of service and personalized demand.

Analysis of the Research Status of Traditional Chinese Medicine Pension Industry Based on Bibliometrics

At present, the problem of population aging in China is becoming increasingly prominent, and the combination of traditional Chinese medicine and elderly care is becoming a hot topic. In this paper, VOSviewer was used to statistically and visually analyze the literature related to traditional Chinese medicine pension in CNKI database from 2013 to 2023. Firstly, we collected and sorted out the research literature on the Chinese medicine pension industry in recent years, and then used bibliometric methods to quantitatively analyze the quantity, quality and research fields of the literature. The study found that the number of research literature on the elderly care industry of traditional Chinese medicine has increased year by year, the research quality has been continuously improved, and the research field has gradually expanded. At the same time, we also found that the research hotspots of traditional Chinese medicine for the elderly care industry are mainly focused on elderly care services, traditional Chinese medicine health preservation, rehabilitation treatment, etc (Ge & Xu, 2023). In addition, this paper also puts forward the shortcomings and development directions of the research on the Chinese medicine pension industry in China and hopes that this study can provide useful reference and guidance for the development of the Chinese medicine pension industry. Based on the China National Knowledge Infrastructure (CNKI) database as the main data source, this paper uses the topic search method in advanced search to search the CNKI database, and confirms that “Chinese medicine for the elderly” is used to read a large number of literature and understand the health care of traditional Chinese medicineAs the theme, the document format was set to see the full text only and Chinese and English extensions, the search time range was set from January 1th, 2013 to December 31th, 2023, the document type was set to academic journals, and the journal source category was set to all journals, a total of 149 articles were obtained, excluding news, publicity, interviews, correspondence and other literature that did not meet the research theme, and finally a total of 149 articles were obtained by manual screening 126 articles in Chinese. VOSviewer is an open-source network analysis tool, mainly used for scientific literature analysis, which can help users carry out visual analysis and network construction and is suitable for analyzing the research status of a certain field. In this paper, the VOSviewer visual analysis tool was used to process and analyze the literature data of 126 academic journals included in CNKI from 2013 to 2023, and the knowledge map of Chinese medicine pension in China was drawn, so as to visually analyze the author cooperation, hot topics and cutting-edge trends of Chinese medicine pension research in China.

Spiritual Needs of the Elderly and Social Work Intervention in the Context of Healthcare Integration

As a new type of pension service, the combination of medical and nursing services has increasingly become a new trend in the development of China's pension industry with its advantages of combining pension services and medical services. In this paper, we analyse the spiritual needs of the elderly in healthcare-integrated institutions from four levels, namely, emotion, social interaction, culture and entertainment, and respect, and put forward corresponding intervention strategies in combination with the professional concepts of social work, aiming to enhance the spiritual and psychological adaptation of the elderly in healthcare-integrated institutions.

Old Age Poverty

Despite having over 500 000 pensioners, Zimbabwe is far from guaranteeing its elderly an effective social security system. The National Social Security Authority (NSSA) – is embroiled in numerous cases of corruption. Similar criticisms have also been levelled against personal pension schemes with the living potential of pensioners in Zimbabwe (who receive in some cases less than US$1 monthly), continuing to deteriorate. In contributing new data to the understudied phenomenon of the old age pensions industry in Zimbabwe, this study interviewed a purposively drawn sample of bureaucrats from NSSA and pensioners in three provinces. Profound challenges in decommodification – attributes of a zero accountability status quo and a tokenistic, non-transformative old age social security regime were noted with numerous recommendations being proffered. Old age pension administrators failure to define and maintain measurable social indicators was argued in the study as partly contributing to their inability to ensure compliance to their primary mandate of providing a social security net for pension contributors.

Report of the target end-states for defined benefit pension schemes working party

Abstract Running off the £2 trillion of UK corporate sector defined benefit liabilities in an efficient and effective fashion is the biggest challenge facing the UK pensions industry. As more and more defined benefit pension schemes start maturing, the trustees running those schemes need to consider what their target end-state will be and the associated journey plan. However, too few trustee boards have well-articulated and robust plans. Determining the target end-state requires a grasp of various disciplines and an ability to work collaboratively with different professional advisers. This paper sets out issues trustees, employers and their advisers can consider when addressing whether their target end state should be low- dependency, buyout or transfer to a superfund. Member outcomes analysis is introduced as a central tool through which to differentiate alternative target end-states. A five-step methodology is set out for deriving an optimal target end-state for a scheme. Also considered are the specific factors impacting stressed schemes, which highlights the importance to trustee boards when considering their Plan B should their employer or scheme ever become stressed. The paper ends with specific recommendations for the actuarial profession and The Pensions Regulator to take forward.

Research on the Development of China’s Pension Industry Based on Modified Diamond Model

Research on the Development of China’s Pension Industry Based on Modified Diamond Model

The Path, Limit and Optimization of Information Technology-Enabled Wisdom Pension: A Case Study of Haidian District

The demand for pensions is becoming increasingly important as Chinas population ages, but the outdated pension model has been unable to keep up with the senior populations changing needs. The advancement of science and technology has given Chinas pension system novel prospects and adjustments, but it has also created specific issues that must be resolved. This paper investigates the feasibility and sustainability of information technology-enabled wisdom pension in Haidian District, Beijing, focusing on development, advantages, disadvantages, and optimization strategies. The research takes the aging crisis of China as the background. It profoundly discusses the emergence of intelligent elderly care and the role of science and technology in reforming elderly care. A comprehensive examination of the development path in the Haidian District reveals government leadership, technological innovation, and community engagement as key drivers. While showcasing the advantages, such as improved quality of life and healthcare services, this study underscores the challenges: privacy concerns, accessibility, and the need for human interaction. At the same time, wisdom pension also needs to be combined with sustainable development to create a green pension model. This paper not only provides a scientific basis for the government, enterprises, and society to formulate relevant policies and strategies to promote the development of this pension model but also provides the future development direction and suggestions of the wisdom pension industry. In this case, the wisdom pension will develop better and comprehensively in China.

Domestic Pension Industry: Trends, Themes and Research Trends-- Visual Analysis based on CiteSpace knowledge Graph

Analyzing the hot issues and frontier evolution in the field of domestic senior care industry is of great significance to the high-quality development of China's senior care industry. Based on CiteSpace software, this study mined the research results of domestic senior care industry published in core and above journals from 1998 to 2023, drew knowledge maps, and systematically analyzed the research hotspots and frontier evolution of this field. The research results show that the hot areas of the domestic senior care industry include "senior care industry", "senior care service", "senior care finance", "smart senior care", and "smart senior care". ", "pension model", "medical and nursing integration", "pension real estate", "industrial integration "etc. The latest research frontiers in the field of domestic senior care industry are related to "intelligent senior care", "medical and nursing integration", "industry integration", "artificial intelligence", "policy integration", "policy development", "medical and nursing model", "medical and nursing integration", "senior care real estate", and so on. The latest research frontiers in the field of senior care industry are related to "wisdom", "medical and nursing integration", "industry integration", "artificial intelligence" and "policy tools", and the research is closely related to the national policy orientation. It is suggested that in the future, based on multidisciplinary perspectives, communication and cooperation between scholars and research institutions should be strengthened, the infrastructure construction in the field of senior care industry should be enhanced, and a high-quality senior care industry system should be constructed to promote the high-quality development of the senior care industry.

Application of Multi-Level Fuzzy Comprehensive Evaluation in the Pension Industry of Combination of Medical and Nursing in Heilongjiang Province

The development of pension service industry is the internal requirement of building a harmonious society and promoting the coordinated development of economy and society. Construction of evaluation index system of combination of medical and nursing. There are 6 primary indicators and 21 secondary indicators. By means of questionnaire, this paper investigates the satisfaction of the current medical and nursing industry in Heilongjiang Province, and establishes a fuzzy judgment matrix. The entropy method is used to determine the weight of each index, and the multi-level fuzzy evaluation model of the combination of medical care and pension industry in Heilongjiang Province is established. The comprehensive score was 78.65. It shows that the industry of the combination of medical care and pension in Heilongjiang Province is at the middle and upper level. Although people are very satisfied with the current pension industry, there is still room for improvement. Finally, according to the analysis of the results of the above model, some suggestions are put forward to effectively promote the development of the industry.

Predicting of elderly population structure and density by a novel grey fractional-order model with theta residual optimization: a case study of Shanghai City, China

Background Accurately predicting the future development trend of population aging is conducive to accelerating the development of the elderly care industry. This study constructed a combined optimization grey prediction model to predict the structure and density of elderly population.MethodsIn this paper, a GT-FGM model is proposed, which combines Theta residual optimization with fractional-order accumulation operator. Fractional-order accumulation can effectively weaken the randomness of the original data sequence. Meanwhile, Theta residual optimization can adjust parameter by minimizing the mean absolute error. And the population statistics of Shanghai city from 2006 to 2020 were selected for prediction analysis. By comparing with the other traditional grey prediction methods, three representative error indexes (MAE, MAPE, RMSE) were conducting for error analysis.ResultsCompared with the FGM model, GM (1,1) model, Verhulst model, Logistic model, SES and other classical prediction methods, the GT-FGM model shows significant forecasting advantages, and its multi-step rolling prediction accuracy is superior to other prediction methods. The results show that the elderly population density in nine districts in Shanghai will exceed 0.5 by 2030, among which Huangpu District has the highest elderly population density, reaching 0.6825. There has been a steady increase in the elderly population over the age of 60.ConclusionsThe GT-FGM model can improve the prediction accuracy effectively. The elderly population in Shanghai shows a steady growth trend on the whole, and the differences between districts are obvious. The government should build a modern pension industry system according to the aging degree of the population in each region, and promote the balanced development of each region.

The Moderating Role of Treasury Bills and Bonds Allocations on the Relationship between Systematic Risk and Investment Portfolio Performance of Pension Schemes in Kenya

Purpose: This study investigated the moderating role of Treasury Bills and Bonds allocation on the relationship between systematic risk and investment portfolio performance of pension schemes in Kenya. Assets under management by pension schemes make up 14.6% of the GDP in Kenya, making pension schemes significant players in the financial industry and the economy. As of December 2021, the pension industry had mobilised Kshs. 1,547.43 billion in managed pension assets from Kshs. 44.7 billion in 2000, a significant annual average growth rate of 21%.
 Methodology: The study used secondary data from 1,172 registered pension schemes for seven years between 2015 and 2021. Pension scheme data was collected from the database of the Retirement Benefits Authority. Systematic risk data was collected from the databases of the Central Bank of Kenya, Nairobi Securities Exchange and Kenya National Bureau of Statistics. Panel Regression analysis, fixed effect, random effect, and Hausman test were used to analyse the relationship between the dependent and independent variables. The study applied the Whisman and Maclleland two-step model to evaluate the impact of asset allocation on the investment portfolio performance of pension schemes as moderating variables.
 Findings: The study results showed that asset allocation to Treasury Bills and Bonds did not significantly moderate the effect of systematic risk on the investment portfolio performance of pension schemes. 
 Unique Contribution to Theory, Practice and Policy: The study contributed to academia by challenging the usefulness of Modern Portfolio Theory. Policymakers should consider reviewing the limits on investment in Treasury Bills and Bonds to less than 100% to encourage diversification to more asset classes. Practitioners are recommended to invest in diverse asset classes.

The Prospect Forecast of the Market Development of Chinese Elderly Care Institutions

With the aggravation of population aging and economic development, China is not only facing more and more serious pension pressure, but also has greater capacity to support pension services, which has brought about the vigorousdevelopment of pension services. Obviously, it can be expected that there may be some internal relations among these indicators. For this reason, this paper selects relevant data from China's civil affairs statistical yearbook, takes the number of beds used by China's pension institutions as the main development indicator of the pension industry, establishes data links for different indicators such as GDP, the number and proportion of China's aging population, and uses linear regression with the least square method to establish mathematical models. After testing the regression coefficients, strong linear results are obtained. It can be concluded that there is a linear relationship between the development of pension services and the aging of the population and the development of GDP.

Forecasting Canadian Age-Specific Mortality Rates: Application of Functional Time Series Analysis

In the insurance and pension industries, as well as in designing social security systems, forecasted mortality rates are of major interest. The current research provides statistical methods based on functional time series analysis to improve mortality rate prediction for the Canadian population. The proposed functional time series-based model was applied to the three-mortality series: total, male and female age-specific Canadian mortality rate over the year 1991 to 2019. Descriptive measures were used to estimate the overall temporal patterns and the functional principal component regression model (fPCA) was used to predict the next ten years mortality rate for each series. Functional autoregressive model (fAR (1)) was used to measure the impact of one year age differences on mortality series. For total series, the mortality rates for children have dropped over the whole data period, while the difference between young adults and those over 40 has only been falling since about 2003 and has leveled off in the last decade of the data. A moderate to strong impact of age differences on Canadian age-specific mortality series was observed over the years. Wider application of fPCA to provide more accurate estimates in public health, demography, and age-related policy studies should be considered.

Research on the Development Status of Smart and Healthy Pension Industry in Chongqing for 2035 based on TF-IDF Algorithm

The problem of population aging is crucial to social development, and the development of smart health care industry is one of the solutions to the problem of population aging. At present, the smart healthy aging industry in Chongqing is still dominated by governmental departments, and policies have a guiding role in the development of the industry, so policies are highly researchable. This paper collects 42 policy texts from March 2016-2023, extracts the keywords in the policy library using the TF-IDF algorithm, analyzes the development status and problems of the smart old-age health industry in Chongqing Municipality in the context of the actual situation, and puts forward relevant suggestions for the future development of the smart old-age health industry in Chongqing Municipality.

Correlation of accounting information and the quality of accounting information disclosure —— From the listed companies related to the pension industry

This paper takes the sample of Shenzhen A-share pension industry in 2017-2020, and empirically studies the infect of accounting information correlation in the pension industry by quality of accounting information disclosure. The results show that the relevance of accounting information in the pension industry has a significant positive influence on the quality of accounting information disclosure; Meanwhile, the relevance of accounting information affects the quality of accounting information disclosure in different enterprises and different property rights.