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December 2013 - January 2014 Vol.18/19 No.12/1

A damp squib

Category: Asia, China
By Hui Ching-hoo

Smaller players priced out of EA market

Despite China’s enterprise annuities (EAs) having been in place for almost a decade, little headway has been made in terms of increasing assets under management and membership. EAs, which are the second pillar of China’s retirement system, are defined-contribution plans that supplement the employees’ basic pensions. They were introduced in 2004

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