“I had to work while I was nine months pregnant,” says Sophie, a sex worker in Belgium. “I was having sex with ...
Kenyan workers are at risk of financial struggles when they retire, as unpaid pension contributions by public ...
Some Department for Work and Pension benefits come with a list of eligibility criteria they have to meet, some ...
Following a record-breaking first half of 2024 for the U.S. pension risk transfer market, which closed at $26 ...
Planning to achieve a comfortable retirement tops clients’ financial advice ‘wish lists’ over the next six mon ...
The Portuguese parliament approved an additional 1.25% increase in pensions, which will be added to the regula ...
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ARTICLES
Financial Inclusion and the Informal Sector
By Noha Emara, Freddy Cama & Mohamed Trabelsi This paper explores the relationship between the informal sector and financial inclusion for a sample of 186 countries across the period 2004-2018 and using various methods of estimations—ordinary least squares, instrumental variables, fixed effects, and general method of moments. The results show financial inclusion significantly reduces the […]
Pension Liquidity Risk
By Kristy Jansen, Sven Klingler, Angelo Ranaldo & Patty Duijm Pension funds rely on interest rate swaps to hedge the interest rate risk arising from their liabilities. Analyzing unique data on Dutch pension funds, we show that this hedging behavior exposes pension funds to liquidity risk due to margin calls, which can be as large […]
Chinese Pension Insurance, Risk Attitudes, and Household Asset Allocation
By Hua Chen, Han Xiao, Yunxiao Guo & Ding Li Optimising household asset allocation is vital for expanding domestic demand in developing countries. This study uses 2017, 2019, and 2021 China Household Finance Survey (CHFS) data to explore pension insurance’s effect on asset allocation among Chinese households. Key findings include that higher pension balances encourage investments […]
NEWS
Belgium’s sex workers get maternity leave and pensions under world-first law
“I had to work while I was nine months pregnant,” says Sophie, a sex worker in Belgium. “I was having sex with clients one week before giving birth.” She juggles her job with being a mother of five – which is “really hard”. When Sophie had her fifth child by Caesarean, she was told she […]
Unpaid pension funds rise to Sh47.16 billion, leaving Kenyan retirees at risk
Kenyan workers are at risk of financial struggles when they retire, as unpaid pension contributions by public universities and county governments increased by 12.3 per cent to reach Sh47.16 billion in the year ending June 2024. According to the latest report by the Retirement Benefits Authority (RBA), the amount of money deducted from workers’ salaries […]
UK. DWP exact amount pensioners can have in savings before losing benefits
Some Department for Work and Pension benefits come with a list of eligibility criteria they have to meet, sometimes including having less than a certain amount in savings. This includes Universal Credit, Tax Credits, Council Tax Support, Income-based Jobseeker’s Allowance, income-related Employment and Support Allowance, Income Support and Housing Benefit. These are dubbed means-tested benefits […]
US PRT Market sees $14B in Volume in Q3
Following a record-breaking first half of 2024 for the U.S. pension risk transfer market, which closed at $26 billion through June 30, the third quarter also finished strong, according to Legal & General Retirement America’s November market update. The third quarter closed at an estimated $14 billion in total premium—a 35% increase from the third quarter of last […]