By Blacktower Hard-working retirees have put in decades of time and effort as part of their working life. As they prepare to relax in retirement, they’re counting on a pension to help maintain a comfortable life – but the quality of state pensions available varies drastically based on where you live. We ranked countries across the globe on key pension factors to find out the best country in the world. Get the book here
By Martha Deevy, Jialu Liu Streetern, Andrea Hasler & Annamaria Lusardi Data collected right before COVID-19 hit the United States in 2020 indicated deeply rooted financial insecurity: one in three American families wasn’t ready to cope with a mid-sized financial shock; about 27% couldn’t come up with $2,000 within a month if an unexpected need were to arise; and 33% found it difficult to make ends meet in a typical month (2020 TIAA Institute-GFLEC Personal Finance Index [P-Fin Index], Yakoboski...
By Transamerica Center for Retirement Studies Since 1998, Transamerica Center for Retirement Studies® (TCRS) has conducted a national survey of U.S. business employers and workers regarding their attitudes toward retirement. The overall goals for the study are to illuminate emerging trends, promote awareness, and help educate the public. It has grown to be one of the longest running and largest national surveys of its kind. • Limited Print and Electronic Rights. This document and trademark(s) contained herein are federally registered or...
By Viola Wang,Jessie Guo, Mahesh H Puttaiah, Caroline De Souza Rodrigues Cabral and Xin Dai Emerging markets worldwide are ageing fast. By 2050, these nations will be home to almost 80% of the world's population aged 65 and above. Yet on average only about 30% of their workers are covered by any sort of formal retirement income scheme. As their old-age-dependency ratios (the population above 65 years old relative to the working-age population of 15 to 64 years old) rise...
By Zorast Wadia and Charles J. Clark The Milliman 100 PFI funded ratio increases to 98.8% as investment gains counter the effects of discount rate decreases The funded status of the 100 largest corporate defined benefit pension plans increased by $8 billion during May as measured by the Milliman 100 Pension Funding Index (PFI). As of May 31, the deficit improved to $21 billion from $29 billion at the end of April due to strong investment performance. The funded status improvement...
By Pension Bee PensionBee’s vision is a world where everyone can look forward to a happy retirement. For this to happen, we all need good health, financial freedom, and social inclusion. Currently, an obstacle to achieving this financial freedom for all is a gender pension gap of up to almost 60%. Bold action is required to challenge this so that women can enjoy similar levels of wealth in retirement as men. This is particularly important as women tend to live longer...
By RISCURA The latest Bright Africa Pensions research highlights how African demographics are evolving and the impact of this on long-term savings. There is no doubt that Africa’s population is and will remain the world’s largest youthful cohort for a long-time to come, so serious thought, planning and innovation are urgently required to address the risk of individuals outliving their retirement savings. Research conducted by Albouy and Nogues (2019) shows that globally, life expectancy measured at age 65, has grown...
By Toronto Centre Financial inclusion of women brings disproportionate benefits to their families and to economic development, yet in many countries an access-to-finance gender gap remains. Sex-disaggregated data (SDD) is key to monitoring and addressing this problem. This study examines the role that financial services regulators can play in efforts to address financial inclusion of women: how they are using, or could use, SDD to enhance women’s access to and use of financial products and services of the right quality that...
By Clark S. Binkley, Fiona Stewart and Samantha Power A forestry investment can include land suitable for growing trees, the trees themselves, or both. The trees can be part of a natural forest or one that has been established artificially by seeding or planting. Natural forest management typically has lower operating costs than plantation forests, but also a lower growth rate. Plantation forests are typically, but not always monocultures. Forestry has long provided opportunities for institutional investors – but the scope...
By Mercer The estimated aggregate funding level of pension plans sponsored by S&P 1500 companies increased by 1 percent in April 2021 to 96 percent as a result of an increase in equity markets, slightly offset by the decrease in discount rates. As of April 30, 2021, the estimated aggregate deficit of $102 billion USD decreased by $16 billion USD as compared to $118 billion USD measured at the end of March according to Mercer,[1] a global consulting leader and...
