System Sustainability Archives - Page 10 of 37 - Pension Policy International

20MayMay 20, 2021

Social Security, Taxation Law, and Redistribution: Directions for Reform

By Alison McClelland, Richard Krever While it is now generally accepted that some redistribution of economic power is a legitimate goal of government, there is no consensus as to the type of redistribution that should be pursued. In the absence of a clear redistributive goal, it is impossible to evaluate critically current law, or make recommendations for change. In the first part of this article, we examine alternative models of redistribution and advocate a preferred model, namely, redistribution to promote...

May 20, 2021

Articles, Regulation, System SustainabilitySocial Security, Taxation

14MayMay 14, 2021

Can green fintechs solve the polluting pension problem?

Fintechs have seen green, launching apps that help us track the carbon emissions of our shopping habits, play the stock market in a planet-friendly way and even fight plastic pollution with our debit cards. These offerings are nudging consumers towards better behaviours, but there is one far bigger and far less sexy financial problem this crop of startups now wants to tackle. Pensions. A new survey from YouGov and Money Matter found that 44% of people would switch over to a...

May 14, 2021

Articles, News, Slider, Slider, System Sustainability2021, Climate crisis, ESG, Fintech

13MayMay 13, 2021

Have scale effects on cost margins of pension fund investment portfolios disappeared?

By Jacob Antoon Bikker, Jeroen Meringa Investment costs of pension funds are crucial for their returns. Consolidation in the pension fund market proceeds continuously, often with cost savings as the main argument. Unused economies of scale in the pension fund investment costs, however, have declined over the years to values close to zero, except for the very small pension funds. This paper investigates investment economies of scale in the Netherlands and pays special attention to the non-linear relationship between investment...

May 13, 2021

Articles, Operation, Pension design, System Sustainability2021, Investment, Political economy, US

06MayMay 6, 2021

S&P 1500 Pension Funded Status Increased by 1 Percent in April

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...

May 6, 2021

Books, Reports, System Sustainability2021, COVID-19, Funding, US

06MayMay 6, 2021

A Game-Theoretic Analysis of Fiscal Policy Under Economic Growth From the Perspective of MMT

By Yasuhito Tanaka We present a game-theoretic analysis of fiscal policy under economic growth from the perspective of MMT using a simple two-periods overlapping generations (OLG) model with pay-as-you-go pensions. We show the following results. 1) Sustained budget deficit is necessary to maintain full-employment under economic growth driven by population growth or technological progress. 2) An excessive budget deficit triggers inflation, and after one period inflation full-employment is maintained by sustained budget deficit with constant price. 3) Insufficient government deficit...

May 6, 2021

Articles, System Sustainability2021, Public Pensions, Taxation

23AprApril 23, 2021

ESG, Green Growth and Employee Capitalism: G7 Roadmap for the Fifth Industrial Revolution

By M. Nicolas J. Firzli, David Weeks, Nick Sherry This paper co-authored & edited jointly by M. Nicolas J. Firzli, David Weeks and the Hon. Nicholas Sherry looks at the twin notions of asset ownership and EESG-driven investment in relation to the emerging financial policy agenda of the 47th G7 Summit (Carbis Bay Summit) from the perspective of G7 and Australian pension investors and board members (trustees), which were discussed notably at two recent global conferences organised by the Singapore...

April 23, 2021

Articles, System Sustainability2021, ESG, Investment, Labor Market

15AprApril 15, 2021

Financial Inclusion in Malaysia Distilling Lessons for Other Countries

By World Bank Group The World Bank Group’s current partnership with Malaysia is focused on knowledge-sharing. It is centered on support for Malaysia’s vision to join the ranks of high-income economies by 2020 through inclusive and sustainable growth, and to share its lessons with developing countries. In March 2016, the World Bank Group officially launched its Global Knowledge and Research Hub in Malaysia. The new Hub is the first of its kind, serving both as a field presence in Malaysia and...

April 15, 2021

Books, Labor Market, System Sustainability2017, Coverage, Financial Inclusion, Malaysia

15AprApril 15, 2021

2021 Corporate Pension Funding Study

By Zorast Wadia, Alan H. Perry, Charles J. Clark The 2021 edition of the Milliman Corporate Pension Funding Study (PFS) is our 21st annual analysis of the financial disclosures of the 100 U.S. public companies sponsoring the largest defined benefit (DB) pension plans. These 100 companies are ranked highest to lowest by the value of their pension assets that are reported to the public as of the end of fiscal year 2020, to shareholders, and to the U.S. federal agencies...

April 15, 2021

Books, System Sustainability2021, Funding, Investment, Occupational Pensions, US

15AprApril 15, 2021

Financial Inclusion Through Fintech in the Digital Economy

By Eunsook Seo, Kyeong-Won Yoo Since the 2008 global financial crisis, including the recent COVID 19 pandemic, low interest rates and low economic growth have continued around the world. In spite of this low interest rate trend, as the economic downturn prolongs, there is a situation of concern called the “new normal” of low interest rates and low economic growth, and low prices. In this new normal economic structure, the rapid progress of aging is increasing the necessity and desire...

April 15, 2021

Articles, Innovation, Labor Market, System Sustainability2020, Digital Financial Services, Financial Inclusion, Informal Sector

08AprApril 8, 2021

Pension systems in east Africa a deep dive

By World Bank Group Although the populations of the countries in East Africa are still young, there is a growing awareness among policy makers that they too will face the interlocking challenges of demographics and urbanization. The lesson learned from other regions is that policies need to be put in place now to ensure that pension systems are robust and affordable. So too, pension savings should be used to fund economic growth and development. Otherwise, we risk the fate of...

April 8, 2021

Books, Pension design, System Sustainability2019, Africa, Private Pensions, Public Pensions

May 2021

April 2021