November 2023

Annual Survey of Investment Regulation of Pension Funds and Other Pension Providers 2021

By Organización para la Cooperación y el Desarrollo Económicos This report describes the main quantitative investment regulations that pension funds are subject to in OECD and a selection of non-OECD countries, most of which are IOPS Member countries. This report also covers the investment rules for other pension providers, such as life insurance companies, for countries like Denmark, France, Ireland, Korea, Latvia and Sweden among OECD countries and Jordan among non-OECD jurisdictions. The information reflects the rules in force at the end of 2020...

September 2023

Does a Requirement to Offer Retirement Plans Help Low-Income Workers Save for Retirement? Early Evidence from the OregonSaves Program

By Ngoc Dao  This study examines the first implementation of the state-run retirement savings program in Oregon, known as OregonSaves, in 2017. It offers early insights into the substantial impact of this mandated program on retirement savings among previously uncovered private workers. Results from difference-in-difference models using SIPP data indicate a 12 percent increase in Individual Retirement Account (IRA) ownership among Oregon workers after the program’s roll-out. Notably, the study discerns significant gains for lower-income, single, and older workers, as...

July 2023

Public pensions reporting act

By Minister of Justice A valuation report filed pursuant to this section shall be prepared in a manner consistent with the guides and Recommendations for the preparation of an actuarial report in connection with a pension plan, published by the Canadian Institute of Actuaries, and shall include such additional information as the Minister may from time to time require. Read book “here”

The pensions regulator’s annual report and accounts 2022-2023

By The Pensions Regulator The Pensions Regulator (TPR) is the UK regulator of workplace pension schemes. We make sure that employers put their staff into a pension scheme and pay money into it. We also make sure that workplace pension schemes are run properly so that people can save safely for their later years. Read book “here”

Reforming against the demographic clock

By Allianz Research  Allianz launched the second edition of its Global Pension Report, which analyzes 75 pension systems around the globe using its proprietary Allianz Pension Index (API). The index consists of three pillars: Analysis of basic demographic and fiscal conditions as well as determination of the sustainability (e.g. funding and contribution periods) and adequacy (e.g. degree of diffusion and pension level) of the pension system. A total of 40 parameters are considered, with values ranging from 1 (very good)...

Illusory Policy Implications of Behavioral Law & Economics

By Terrance O’Reilly Behavioral law and economics has achieved notable policy influence promoting soft paternalism—using nudges to encourage better choices without limiting options. Recently, some behavioral scholars have suggested that positive behavioral models actually support hard paternalism—imposing mandates. This article challenges the insinuation that behavioral law and economics supports mandates. Despite regular suggestions to the contrary, positive economic models do not entail distinct normative consequences. The article illustrates its thesis in the case of retirement savings, a key concern of behavioral...

June 2023

LGBT Elders in a Post-Windsor World: The Promise and Limits of Marriage Equality

By Nancy J.Knauer This Article addresses the uncertain post-Windsor legal landscape from the perspective of LGBT elders and older adults. The demise of DOMA has enhanced access to federal benefits, but it has also increased the complexity that LGBT individuals and their families face as they begin to plan for retirement and beyond. Additionally, marriage equality — even when it is recognized nationwide — will not help LGBT elders and older adults tackle many of the obstacles they face when...

May 2023

Pension Reform: Conceptual Foundations and Practical Challenges

By Seamus H. Duffy & Oliver Giesecke Underfunded pension are the largest liability for state and local governments across the United States. As a result of increasing recognition of the associated risks, recent statutory funding mandates led to a sharp increases in required contributions, threatening city services and employee bases. As funding pressure mounts, pension reforms offer a viable tool for prudent economic policy. We propose five general principles that guide pension reform considerations and discuss how these principle stand...

March 2023

Five steps to better pensions: Time for a new consensus

By Pensions and Lifetime Savings Association Millions more people are saving into a workplace pension due to the successes of automatic enrolment. However, ten years after Automatic Enrolment was first introduced the PLSA has undertaken a review to find opportunities to improve the retirement savings system. Our new research finds that without reform more than 50% of savers will fail to meet the retirement income targets set by the 2005 Pensions Commission. We are recommending five steps for reform: National objectives: The...

Pension Tax Limits

By Gov.UK Individual members of registered pension schemes who make annual pension contributions over the standard annual allowance (AA), money purchase annual allowance (MPAA), or tapered annual allowance (tapered AA), and who therefore expect to become subject to an AA charge. Individual members of registered pension schemes who already have or expect to have pension savings exceeding either the standard lifetime allowance (LTA) or their protected LTA, and who therefore expect to become subject to an LTA charge. Scheme administrators of registered pension schemes who will need to...