By: International Monetary Fund. Monetary and Capital Markets Department ; World Bank. This joint IMF-World Bank note provides a set of high-level recommendations that can guide national regulatory and supervisory responses to the COVID-19 pandemic and offers an overview of measures taken across jurisdictions to date. Read the complete book here
By Adrian Gonzalez, Carolina Lopez-Rocha, Rongpeng Yang, Marilyne Youbi, Inés Zabalbeitia Múgica According to the World Trade Organization (WTO), trade in services has become the most dynamic segment of world trade, growing more quickly than trade in goods. While travel remains the most exported service both worldwide and in Latin America and the Caribbean (LAC), other services are becoming relevant for both developed and developing economies. Among them, financial services is one of the most important categories in terms...
By Kantha Dayaram, Alistair McGuire A concurrent increase in the demand for state age pensions and health care has led to reforms in delaying retirement. We employ thirteen waves of longitudinal data to examine the mental and physical health effects of Australian men and women at “early” and “traditional” retirement. We use before and after propensity score matching (PSM) estimates between treatment and control groups of retired and not retired individuals aged 60 and 65 years. The results indicate...
By EIOPA The European Insurance and Occupations Pensions Authority (EIOPA), has today published its second report on cost and past performance of insurance-based investments products (IBIPs) and personal pension products (PPPs) in the European Union. The report is published following a request from the European Commission to the European Supervisory Authorities to periodically report on the costs and past performance of retail investment products. This report provides an analysis of costs for 2018 and past performance for the period...
By Nazaré da Costa Cabral, Nuno Cunha Rodrigues This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the...
By Kirk Bowman, Felipe Arocena Since the early 1980s, Latin American countries have been innovative in a range of policy and cultural experiences, including health care, voting, pensions, and multiculturalism. And yet, their policy innovations are rarely found in textbooks. This book addresses that gap, providing a fascinating and wide-ranging exploration of both the history of "looking down" at Latin America and the political, economic, and cultural "lessons" (including successes, failures, and unintended consequences) that should inform important policy...
By Amanda Cooke This monograph explores the historical position of pensions law in the UK and the recent influences which have led to the introduction of Auto-Enrolment and subsequent reforms. Alternative models, such as the US and Australia are also considered as well as the function of law in bringing about political changes. The question of saving for retirement is of national and international importance and many governments are wrestling with the issue of how to deal with the pension...
By Alicia H. Munnell, Robert Powell, Jason J. Fichtner, Teresa Ghilarducci Director of the Center for Retirement Research at Boston College, Alicia H. Munnell talked with with members of the Retirement Management Journal Editorial Advisory Board in February 2019 about the challenges of addressing retirement policy at the national level and the practical steps advisors can take to help support their clients in retirement. Source: SSRN
By Hans van Meerten In this contribution I want to discuss an important and very topical EU Law element of the judgment regarding two claimants (Delve and Glynn), backed by BackTo60, versus the UK Department of Work and Pensions (hereafter: Delve and Glynn). Claimants argued inter alia that the UK State Pension Age (SPA)was discriminatory. I want to focus here not if SPA is discriminatory, but whether the (SPA) falls in the ambit of EU law. Didn’t the UK...
By Eva Micheler (London School of Economics - Law Department) The article interrogates the idea of creating a market for stewardship and identifies obstacles that stand in the way of such a market. In particular tax relief for pension investments deprives pension investors from an incentive to monitor investment and demand stewardship activity by their service providers. By granting tax relief the government has become a financial contributor to and a stakeholder in the financial services industry that services pensions....
