By Carolina Salva & Tim Alexander Kroencke We survey 28 leading Swiss pension fund consultants and asset managers to understand the factors and their ranking driving institutional asset allocation decisions. The risk tolerance of pension fund boards, target returns, and risk-free rates emerge as the most influential factors, while traditional portfolio theory predictors such as […]

By Burkhard Heer & Mark M. Trede We develop a medium-scale overlapping-generations model with endogenous labor supply and skill premium to study optimal income redistribution using progressive labor income taxes and pensions. The model is calibrated to the four countries USA, Great Britain, Italy and Germany which differ substantially in their tax and pension systems, […]

By Peter A. Diamond Public pension systems are long-term social contracts operating under persistent economic, demographic, and political uncertainty. Periods of turbulence, marked by financial shocks, changes in longevity, and shifting labour markets, test the capacity of pension institutions to adapt while maintaining adequacy, equity, and legitimacy. Building on earlier joint work on pension economics […]

The committee, chaired by Labour MP Debbie Abrahams, announced the inquiry this week. It will explore potential reforms to the auto-enrolment system “to help ensure fair employer and employee contributions to secure a decent retirement income for low earners”, according to a press release. The inquiry will run concurrently with the work of the Pensions […]

Four New York City municipal pension funds are investing $300 million into a trust connected to the country’s biggest alliance of labor unions in an attempt to address a dire housing shortage in the five boroughs, Comptroller Mark Levine announced Thursday. The new investment in the AFL-CIO Housing Investment Trust marks the first allocation of […]

While retiring abroad to Europe has become popular, and even highly recommended, Paraguay is emerging as one of the best options for those seeking a new beginning in Latin America—whether its as a retiree or a remote worker. According to retirement and relocation platform International Living, the South American country is touted as a “potential […]

Consulting firms reported relatively small increases to their pension funding ratios last month, which resulted in corporate defined benefit pension funds continuing to achieve new surplus milestones. The funded status of the 100 largest U.S. corporate defined benefit plans “inched ahead” to 112.2% in August, just 0.1 percentage points higher than July’s figure, according to […]