Slider Archives - Page 442 of 453 - Pension Policy International

22AugAugust 22, 2017

UK government announces measures to tackle pension cold-calling

It is hoped that this “two-pronged” attack on scammers will not only put a hurdle in the way in which fraudsters contact would be retirees, but will also limit their options in getting access to savings. Former pensions minister, Baroness Ros Altmann, said: “The government has bowed to the overwhelming pressure from politicians, consumer groups and the pensions industry to urgently introduce a ban on pensions cold-calling. “This is great news. It is also going to toughen rules on transfers out...

August 22, 2017

News, SliderUK

22AugAugust 22, 2017

US. How Far Does $1 Million Go in Retirement?

A million dollars—it has a nice ring to it. But as Dr. Evil learned after spending 30 years cryogenically preserved, it may not be enough—for many people, certainly not enough to comfortably retire on, depending on where and how long they live. A new report from GOBankingRates measures how long a million dollars would last for retirees 65 and older, state by state. It did that by multiplying the Bureau of Labor Statistics’ mean annual expenditures for that age group...

August 22, 2017

News, SliderUS

21AugAugust 21, 2017

Here’s how China’s Ageing will Narrow Income Gaps in West

In recent years politicians and thinkers in the developed world have found themselves struggling to explain three trends that have gripped advanced economies: the long-term fall in real interest rates adjusted for inflation, the fall in workers’ real wages, and the sharp rise in inequality between rich and poor. In truth, these three trends are easy enough to understand if you take a global, rather than a national or regional view. They can all be explained by the economic rise of...

August 21, 2017

News, SliderAging, Aging (and old age), Asia, China, Labor Market

21AugAugust 21, 2017

UK. Scale of pension scams revealed as ministers pledge fraud action

Sir Steve Webb demanded urgent action to protect savers as new figures showed £43m had been illegally siphoned off over the last three years. Critics have claimed moves in recent years to give savers more options over their pension pots has created new opportunities for fraudsters. Proposals put forward by ministers include a ban on all cold calling in relation to pensions and tougher rules on transferring money between pension schemes. Full Content: The Yorkshire Post

August 21, 2017

News, Slider

18AugAugust 18, 2017

Swiss Re is moving its €130 billion portfolio into ethical investments

One of Europe’s biggest insurers is shifting its investments towards socially responsible companies. Swiss Re, a strategic partner of the World Economic Forum, is moving its €130 billion investment portfolio to target businesses that meet specific ethical benchmarks. While the firm is the first insurer to shift its entire investment portfolio in this way, the move shows a resurgence of social responsibility in the industry. In 2016, Axa announced plans to divest €1.8 billion of tobacco investments, because of its impact...

August 18, 2017

News, Slider

17AugAugust 17, 2017

Dutch pension funds embrace UN goals

The Dutch pension fund managers PGGM and APG Asset Management have done much of the leg work for other investors wishing to align their investments with the sustainable development goals (SDGs). The two investors are finalising a highly detailed process that identifies classifications where they see potential sustainable development investment (SDIs) opportunities that could transform the United Nations’ targets into tangible returns for institutional investors. The result is investment opportunities linked to 13 of the UN’s 17 SDGs, and they...

August 17, 2017

News, SliderUN

17AugAugust 17, 2017

US. Volatility, Retirement Top of Mind

Americans worry almost as much about short-term market volatility as they do about achieving their long-term retirement goals, Franklin Templeton Investments found in its 2017 Retirement Income Strategies and Expectations Survey. Forty-seven percent are concerned about short-term volatility and 53% about their retirement goals. Volatility concerns men more than women (51% vs. 44%) while for women, long-term retirement goals are top of mind (56% vs. 49%). Of the generations, Generation X is the least concerned about volatility—39% say they pay attention...

August 17, 2017

News, SliderUS

15AugAugust 15, 2017

UK. Pension rights after a TUPE transfer

The legislation governing transfers of employment originally attempted to exclude pension rights from the scope of a transfer under the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE). Regulation 10 of TUPE states that the general employment protection provided on a TUPE transfer does not apply to “so much of a contract of employment or a collective agreement as relates to an occupational pension scheme”. The regulation states that rights that do not relate to “old age, invalidity...

August 15, 2017

News, SliderUK

15AugAugust 15, 2017

This person asked the internet if it was necessary to save so much for retirement — the response was surprising

When VintageBurtMacklin, as the Reddit user goes by, asked why everyone is advised to “save so much for retirement” — and if it is really the right move — the commenters of the personal finance thread of the online discussion site responded in full force. Apparently, they have been paying attention to the news of the looming retirement crisis affecting the country. VintageBurtMacklin shared his scenario: he took a new job after welcoming a new baby, and analyzed his budget, keeping...

August 15, 2017

News, SliderSavings

15AugAugust 15, 2017

UK. Home Industry Life Lloyds Bank… Lloyds Bank may expand into pensions and wealth management

UK high street bank Lloyds, which owns Scottish Widows, may be about to announce a major push into pension and investment products as part of a three-year growth plan. The Financial Times reported over the weekend that the bank was looking to capitalise on its position as Britain’s only integrated high street bancassurer, which allows it to provide wealth and retirement services to its retail customer base. Mario Mazzocchi, a pensions and investment director at Lloyds’ Scottish Widows business, told the...

August 15, 2017

News, SliderUK

August 2017