October 2024
04Oct

Reverse Mortgages, Financial Inclusion, and Economic Development: Potential Benefit and Risks

By Peter Knaack, Margaret Miller & Fiona Stewart This paper examines the state of reverse mortgage markets in selected countries around the world and considers the potential benefits and risks of these products from a financial inclusion and economic benefit standpoint. Despite potentially increasing demand from aging societies—combined with limited pension income—a series of market failures constrain supply and demand. The paper discusses a series of market failures on the supply side, such as adverse selection, moral hazard, and the costly...

October 4, 2024
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September 2024
27Sep

Pension Coverage and Informal Sector Workers: International Experiences

By Yu-Wei Hu & Fiona Stewart  Pension reform around the world in recent decades has focused mainly on the formal sector. Consequently, many of those working in the informal sector have been left out of structured pension arrangements, particularly in developing countries – a serious problem given this group are often low income earners, vulnerable to economic volatility and change. However, since the turn of the millennium, efforts in a range of countries have increasingly highlighted improving pension coverage for...

September 27, 2024
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27Sep

Pension scheme assets – how they are invested and how and why they change over time

By The Pensions Policy Intitute We know both ‘quite a lot’ and ‘not enough’ about the assets that back current and future retirement incomes. Quite a lot because there are several sources of data that map pension fund assets and the way in which they are invested. Not enough because there are gaps in our knowledge and a multiplicity of data sets that classify assets in slightly different ways. The timing of different reports can also create difficulty mapping assets...

September 27, 2024
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13Sep

2024 Global Retirement Index

By Natixis Investment Managers Despite positive progress for many countries in the Global Retirement Index (GRI), retirement security remains on shaky ground in 2024. More and more individuals across the globe are realizing that they’re on their own when it comes to funding their retirement. Results from the long-running Natixis Global Survey of Individual Investors reveal that the number of people who say it’s increasingly their responsibility to fund retirement on their own—rather than relying on public and private pensions—has grown...

September 13, 2024
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13Sep

Pension Risk Transfer Monitor

By Legal & General  In this latest edition of our Pension Risk Transfer (PRT) Monitor, we off¬er a side-by-side analysis of the two largest PRT markets globally – the US and UK. We expect PRT volumes to remain elevated across the next decade. Based on current levels, more than £250 billion of combined UK and US volumes are likely to be secured by insurers in the next 3 years alone. In this bulletin we reflect on the first half of...

September 13, 2024
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13Sep

The future of retirement security: An international comparison through the lens of adequacy, sustainability, equity and plan design

By Surya Kolluri, Catherine Reilly & David Richardson The average retiree can now expect to spend about two decades in retirement, roughly double the time from 50 years ago. Along with extended lifespans, the number of workers per retiree is declining around the world and ever fewer workers have access to defined benefit (DB) plans that promise a guaranteed income in retirement. Instead, most workers save for retirement through defined contribution (DC) plans, which do not automatically convert savings into...

September 13, 2024
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13Sep

The world’s largest pension funds – 2024

By Thinking Ahead Institute The global top 300 pension funds is an annual study conducted by the Thinking Ahead Institute, in conjunction with Pensions and Investments. The research highlights high-level trends in the pension fund industry and provides information on how the characteristics of these top funds have changed. Get the report here

September 13, 2024
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06Sep

Positioning for change: Public pensions after the great moderation

By Institutional Investor Survey   Investors apparently predict 2023 will look much like 2022, as rising interest rates and market volatility also remained top of mind for decision-makers. They also forecasted another tough period for investment returns next year. Concerns over inflation and a potential economic downturn loomed large in our survey as asset allocation influences.1 The top three concerns for these decision-makers are the need to navigate high inflation, market volatility and rising interest rates. Get the report here

September 6, 2024
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06Sep

Pensions Dashboards Programme. Progress update report

By Pensions Dashboards Programme This is the 9th Pensions Dashboards Programme (PDP) progress update report, covering our work to deliver the technical solution and facilitate connection to the dashboards ecosystem. It looks back at our achievements since October 2023, as well as looking ahead to our focus areas for the next 6 months. After a legal connection deadline of 31 October 2026 was set last year, the Department for Work and Pensions (DWP) has now published a revised staged timetable for...

September 6, 2024
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August 2024
23Aug

A Wealth of Well-Being: A Holistic Approach to Behavioral Finance

By Meir Statman In A Wealth of Well-Being: A Holistic Approach to Behavioral Finance, Professor Meir Statman, established thought leader in behavioral finance, explores how life well-being, the overarching aim of individuals in the third generation of behavioral finance, is underpinned by financial well-being, and how life well-being extends beyond financial well-being to family, friendship, religion, health, work, and education. Combining recent scientific findings by scholars in finance, economics, law, medicine, psychology, and sociology with real-life stories at the intersection of finances and...

August 23, 2024
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