U.S. DB pension payouts generating US$1.5 trillion in economic output: report
In 2022, U.S. retiree spending — driven by private and public sector defined benefit pension payouts — generat ...
Some British local government pension schemes object to UK pooled fund plans
Almost a third of Britain's local government pension schemes object to UK plans to consolidate more of their ...
Advocates claim high-risk gas assets are liabilities for pensions
Adam Scott believes pension fund managers who invest in gas are in trouble. Particularly, those who think high ...
The gap is widening between super-ageing and youthful populations. Experts explain the implications
The World Health Organization defines “super-ageing” societies as countries with more than 20% of their popula ...
Bank of England warns billions of pounds in UK pension pots at risk
The UK's main financial regulator has told insurance companies it can foresee an "endemic risk" in using insur ...
Sweden. KPA calls for action on pensions investment in local climate adaptation
KPA Pension, which manages pensions for local authorities, said action needs to be taken to improve the framew ...
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ARTICLES
Designing Benefits for Platform Workers
By Jonathan Gruber Designing benefits for the growing platform workforce in the U.S. poses significant challenges. While platform workers need protection against unforeseen shocks, work that is often part time and spread across multiple platforms makes the traditional benefits model untenable. This paper reports the results from a survey of drivers and couriers working with […]
Retirement Consumption and Pension Design
By Jonas Kolsrud, Camille Landais, Daniel Reck & Johannes Spinnewijn This paper analyzes consumption to evaluate the distributional effects of pension reforms. Using Swedish administrative data, we show that on average workers who retire earlier consume less while retired and experience larger drops in consumption around retirement. Interpreted via a theoretical model, these findings imply […]
Pension reform and wealth inequality: Theory and evidence
By Torben M. Andersen, Joydeep Bhattacharya, Anna Grodecka-Messi & Katja Mann A growing literature explores reasons for rising wealth inequality, but is mostly silent on the role of pension systems despite their well-understood influence on life-cycle savings. This paper develops a simple life-cycle model to lay bare the primary theoretical mechanisms connecting pension systems, asset […]
NEWS
U.S. DB pension payouts generating US$1.5 trillion in economic output: report
In 2022, U.S. retiree spending — driven by private and public sector defined benefit pension payouts — generated US$1.5 trillion in total economic output and supported 7.1 million jobs, according to a new report by the National Institute on Retirement Security. It found in addition to the impact on employment and economic activity, DB pension […]
Some British local government pension schemes object to UK pooled fund plans
Almost a third of Britain’s local government pension schemes object to UK plans to consolidate more of their assets into pooled funds, saying the plans raise the potential for poor investment returns, adviser Hymans Robertson said on Thursday. The UK government wants to increase pooling of local government assets, opens new tab to boost domestic […]
Advocates claim high-risk gas assets are liabilities for pensions
Adam Scott believes pension fund managers who invest in gas are in trouble. Particularly, those who think high-risk gas assets can be saved by hydrogen. This might come as a shock because pension fund managers have long seen gas infrastructure as a low-risk investment. Historically, regulated gas assets offered stable returns and seemed to be […]
The gap is widening between super-ageing and youthful populations. Experts explain the implications
The World Health Organization defines “super-ageing” societies as countries with more than 20% of their population over the age of 65 years old. From pension crises to labour shortages, super-ageing societies pose a global economic and labour market risk over the next decade and beyond, even for countries still benefiting from their demographic dividend. The […]