The UK government is facing an extra GBP100 million bill for next year's state pension increases following rev ...
By Daron Acemoglu Daron Acemoglu, a professor at the Massachusetts Institute of Technology, received th ...
The new Pension Funds Amendment Act (PFAA) was recently signed into law, which will seriously impact divorce p ...
The United States ranks 29th out of 48 countries Mercer and the CFA Institute evaluated for their global pensi ...
The 2024 Mercer CFA Institute Global Pension Index (MCGPI) reveals the ongoing need for retirement system impr ...
Which countries have the best retirement systems? The Netherlands, Iceland and Denmark are the top three, acco ...
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ARTICLES
Who Owns the City? Pension Fund Capitalism and the Parkdale Rent Strike
By Jamie Shilton Canadian public pension funds play an increasingly significant role as institutional investors, including in the domestic residential property market. Some scholars have suggested that pension fund investments of this kind result in a form of public ownership, sometimes characterized as “pension fund socialism.” However, the actual character of pension fund investment in […]
Rules of Thumb and Retirement Accounts
By Vanya Horneff, David A. Love & Raimond Maurer We examine the welfare costs of applying common rules of thumb for saving, investment, 401k contributions, and withdrawals in an environment that includes a realistic treatment of taxation, Social Security benefits, 401k-plan details, and uncertainty in income, longevity, and asset returns. We test the performance of […]
Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice
By Aizhan Anarkulova, Scott Cederburg & Michael S. O’Doherty We challenge two central tenets of lifecycle investing: (i) investors should diversify across stocks and bonds and (ii) the young should hold more stocks than the old. An even mix of 50% domestic stocks and 50% international stocks held throughout one’s lifetime vastly outperforms age-based, stock-bond […]
NEWS
UK government faces “extra GBP100 million bill” for state pension rise
The UK government is facing an extra GBP100 million bill for next year’s state pension increases following revised official figures published on Tuesday, according to a former pensions minister. Under the triple lock guarantee, the state pension increases every April in line with whichever is the highest of earnings growth in the year from May […]
US Is Sleepwalking Into an Economic Storm
By Daron Acemoglu Daron Acemoglu, a professor at the Massachusetts Institute of Technology, received the Nobel in economic science this year. Inflation seems under control. The job market remains healthy. Wages, including at the bottom end of the scale, are rising. But this is just a lull. There is a storm approaching, and Americans […]
Big pension changes for divorce in South Africa
The new Pension Funds Amendment Act (PFAA) was recently signed into law, which will seriously impact divorce proceedings in South Africa. New retirement fund rules have changed how pensions are divided between divorced South Africans. “Before the PFAA it has been a well-established principle in our law that a divorce order is only enforceable against […]
Why the US lags globally in retirement security
The United States ranks 29th out of 48 countries Mercer and the CFA Institute evaluated for their global pension index published this week. That equates to a C-plus letter grade, with a peer group of the United Arab Emirates, Kazakhstan, Hong Kong, Spain, Colombia, and Saudi Arabia. All of those countries have systems with “some […]