admin, Author at Pension Policy International

14FebFebruary 14, 2017

Pension Design and Structure: New Lessons from Behavioral Finance (Pension Research Council Series)

Employees are being given more and more decisions to make with regards to their pension and healthcare plans. Yet increasing research in the social sciences shows that the decisions 'real' people make are not those of the thoughtful and well-informed economic agent often portrayed in economic research, but are often based on flawed information and made without a full understanding of their financial implications. The contributors to Pension Design and Structure explore the assumptions behind commonly-held theories of retirement decision-making,...

February 14, 2017

Books

14FebFebruary 14, 2017

Pension Revolution: A Solution to the Pensions Crisis (Wiley Finance)

Praise for Pension Revolution "When Keith Ambachtsheer puts his keen mind to work on a problem, watch out! Here he exposes today's fragile arrangements for the most serious social dilemma of our times--financing retirement. Then he provides a compelling and powerful set of solutions. His writings are essential reading for all who care about the future of American living standards." --Peter Bernstein, founder and President, Peter L. Bernstein, Inc., and author of Capital Ideas and Against the Gods "This book describes one...

February 14, 2017

Books

14FebFebruary 14, 2017

Old-Age Income Support in the 21st Century: An International Perspective on Pension Systems and Reform (Trade and Development)

The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. During this time, the World Bank has taken a leading role in addressing this challenge through its support for pension reforms around the world. 'Old-Age Income Support in the 21st Century' attempts to explain current policy thinking and update the World Bank's perspective on pension reform. The Bank has been involved in pension...

February 14, 2017

Books

14FebFebruary 14, 2017

Will driverless cars change retirement? Only if wary seniors embrace them

For a decade and a half, Alex Mihailidis has been studying the junction of technology and aging. After years of examining the benefits of smart-home systems and artificial intelligence, the biomedical engineer has begun researching a new phenomenon: self-driving cars. Senior citizens, especially those with mobility challenges, are among the key demographics being floated to benefit from autonomous vehicles. “There’s been a lot of work on the technical side, in terms of the systems itself and how the car will operate,”...

February 14, 2017

News

14FebFebruary 14, 2017

Behavioral Interventions Helping Americans Budget Better and Save More / New report one of the most significant applications of behavioral economics in field of LMI financial decision-making

Common Cents, a financial research lab at Duke University and supported by MetLife Foundation, today unveiled its 2016 Annual Report. The report details findings from seven completed behavioral intervention programs and ongoing research begun in 2016. The work is part of a three-year effort to improve the financial well being of 1.8 million low-to-moderate income (LMI) households in America. Common Cents is one of the first to use social science field experiments within financial organizations for the purpose of gaining...

February 14, 2017

News

12FebFebruary 12, 2017

Retirement Advice in the Trump Era

A federal judge in Texas did President Trump a favor last week. It came in a decision in a case filed by the financial industry against the Labor Department to overturn an Obama-era regulation called the “fiduciary rule,” which requires financial advisers to put their clients’ interests first when giving advice and selling investments for retirement accounts. The judge, Barbara Lynn, called the plaintiffs’ objections “without merit,” “unpersuasive” and “at odds with market realities.” If Mr. Trump were smart, he’d see...

February 12, 2017

News

12FebFebruary 12, 2017

Low Returns, Longevity Mean Greater Retirement Savings Rate Needed

Investors facing inflated asset prices, and the lower expected future returns they imply, must accept the reality that they will need to save more to maintain their lifestyle in retirement, researchers conclude. In a research report, “Required Retirement Savings Rates Today,” written by David Blanchett, CFA [Chartered Financial Analyst], CFP [Certified Financial Planner], head of retirement research at Morningstar Investment Management LLC; Michael Finke, Ph.D., CFP, dean and chief academic officer at The American College of Financial Services, and Wade...

February 12, 2017

News

12FebFebruary 12, 2017

Watch What Indexing Does for Public Pensions

The unfunded liabilities of public pensions are out of control across the country. My state, Illinois, is the most severe case, with only 40 percent of those liabilities funded. Given the magnitude of the problem, and the political and legal obstacles to fixing it, it remains tempting to underplay the importance of straightforward financial changes that could put the funds on much more solid ground. Worsening the problems of public pension systems nationwide is that they have proved to be...

February 12, 2017

News

12FebFebruary 12, 2017

US court upholds Obama-era retirement advice rule

A US federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald Trump's efforts to scale back government regulation. The stinging 81-page ruling comes just days after Trump ordered the Labor Department to review the "fiduciary" rule — a move widely interpreted as an effort to delay or kill the regulation. The decision by Chief Judge Barbara Lynn for the US District Court for the...

February 12, 2017

News

10FebFebruary 10, 2017

Why More Encore Entrepreneurs Would Help Aging In America

“You build companies the way other people bake cakes" is a compliment a fellow professor shared with me a few years back. Maybe it’s partly because I’m the daughter of an entrepreneur — the founder of a paint company (even though my dad wanted me to have a "secure job" by becoming a teacher and then a professor, which I’ve done). But I loved, and still love, the adventure of building companies. And I think there’s blue ocean water for...

February 10, 2017

News

February 2017