July 2022
22Jul

Defined Benefit Risk Phase 2: Expert Interviews

By David G. Pitts Over the course of 2020 and 2021, the research team interviewed the following subjects: • Chief Financial Officer • Chief Risk Officer • Multiemployer Plan FSA • Public Plan FSA • Investment Consultant / FSA • Outsourced Chief Investment Officer / FSA • Canadian FSA / CERA Each interview lasted approximately one hour. All interviewees are senior practitioners in the defined benefit space. The interview notes include a faithful representation of the ideas discussed, with some changes in minor details to ensure the anonymity of the respondent. Executive...

July 22, 2022
Books, Pension Management, , , , ,
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22Jul

Pension Fund Environmental, Social and Governance Risk Disclosures: Developing Global Practice

By International Actuarial Association  The paper summarizes the main features and trends in pension fund Environmental, Social and Governance (ESG) risk disclosures around the world available to regulators, members and the public. It includes reference to statutory requirements, general practice and voluntary disclosures in relation to pension fund accounts and other documents made available to members, such as benefit/fund statements. We discuss the financial and reputational risks which ESG issues can present to pension fund investments and to long-term performance. We refer...

July 22, 2022
Books, Investing, , ,
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15Jul

Getting Older But Not Poorer

By David Amaglobeli, Era Dabla-Norris & Vitor Gaspar Unless you live in France, you might not think recent mass strikes over the proposed pension reforms in that country have anything to do with you. But given how fast demographics are changing around the world, that would be a mistake. If you live in Europe and your parents are getting ready to retire at the age of 65 (the statutory retirement age in many countries), you should know that today there are,...

July 15, 2022
Aging, Books, ,
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15Jul

IMF Engagement on Pension Issues in Surveillance and Program Work

By IMF The International Monetary Fund (IMF) is increasingly involved in offering policy advice on public pension issues to member countries. Public pension spending is important from both fiscal and welfare perspectives. Pension policy and its reforms can have significant fiscal and distribution implications, can influence labor supply and labor demand decisions, and may impact consumption and savings behavior. This technical note provides guidance on assessing public pension systems’ macrocriticality, i.e., sustainability, adequacy, and efficiency; it also discusses the issues...

July 15, 2022
Books, System Sustainability, , ,
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June 2022
24Jun

The Aging Readiness & Competitiveness Report 2021. Enabling Innovation for Healthcare and Wellness

By AARP As the world enters the UN’s Decade of Healthy Ageing, amid global covid-19 vaccination efforts, the need to increase support for the wellbeing of older adults has never been so clear. Older people comprise a growing share of the global population. This trend will persist over the coming decades, and not just in high-income countries. By 2050 an estimated 80% of older adults will be living in low- and middle-income countries. Yet disparities for older adults are ubiquitous,...

June 24, 2022
Aging, Books, , ,
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24Jun

Greening Pensions: A Behavioural Perspective

By Alice Farrell, Kristina Londakova, Izzy Brennan, Jake Reynolds & Toby Park Through their pensions, the vast majority of people in the UK are investors, with pension pots collectively amounting to over £2.6 trillion.1 Investing a greater portion of this money sustainably - i.e. in businesses who have positive or neutral impacts on the environment and green technologies – could significantly accelerate our transition to a low-carbon society. While 68% of people say they would like their investments to be responsible...

June 24, 2022
Books, Investment, Pension design, Pension Management, , , , ,
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10Jun

Aging People, Aging Places: Experiences, Opportunities, and Challenges of Growing Older in Canada

By Maxwell Hartt, Samantha Biglieri, Mark W. Rosenberg & Sarah E. Nelson How well do the places where we live support the wellbeing of older adults? The Canadian population is growing older and is reshaping the nation’s economic, social and cultural future. However, the built and social environments of many communities, neighbourhoods and cities have not been designed to help Canadians age well. Bringing together academic research, practitioner reflections and personal narratives from older adults across Canada, this cutting-edge text...

June 10, 2022
Aging, Books, , , , ,
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10Jun

The Missing Middle. How Tax Incentives for Retirement Savings Leave Middle-Class Families Behind

By Tyler Bond and & Doonan Saving for retirement is one of the biggest financial challenges most working Americans will face. While the vast majority will participate in Social Security, most will have less than half of their income replaced by Social Security in retirement. Therefore, many workers also will need to save for retirement through other plans, such as an employer-provided defined benefit pension plan or 401(k) plan, or on their own through an Individual Retirement Account (IRA). Congress...

June 10, 2022
Books, System Characterization, , ,
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10Jun

LGBT: Retirement Preparations Amid Social Progress

By AEGON LGBT: Retirement Preparations Amid Social Progress is a collaboration between Aegon Center for Longevity and Retirement, and nonprofits Transamerica Center for Retirement Studies® (US), and Instituto de Longevidade Mongeral Aegon (Brazil). The report focuses on the retirement aspirations and plans among the LGBT community, and highlights findings from LGBT survey respondents from nine of the 15 surveyed countries comprising the 6th Annual Aegon Retirement Readiness Survey. Many of the traditional patterns of family and working life, including the way...

June 10, 2022
Adequacy, Books, Pension design, System Characterization, , ,
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10Jun

The Gender Pensions Gap Report 2022 … and how to close it

By Joanne Segars OBE & Samantha Gould  Lower incomes throughout a woman’s working life will invariably impact their pension savings, creating an obvious pension gap. Furthermore, women who take time away from work to have children or for other caring responsibilities contribute to the widening gulf that we see between men and women’s pension wealth. Three million women are effectively “locked out” of workplace pension saving because they do not meet the £10,000 auto enrolment eligibility criteria. We are on a mission...

June 10, 2022
Books, Labor Market, Reports, System Characterization, , ,
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