October 2018

10Oct

A shocking number of Americans think saving for retirement ‘can wait’—here’s why money experts disagree

Nearly one in three Americans have less than $5,000 saved for retirement. Experts generally recommend trying to accumulate at least $1 million, which gets more and more difficult the longer you put off getting started. And still, an alarming number of adults think saving for retirement can wait. Student-loan provider Navient conducted a national Money Under 35 study of more than 3,000 adults, aged 22 to 35. It reports that only three in 10 respondents are saving for retirement, and...

October 10, 2018
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10Oct

Bahrain. Finance Minister stresses pension fund sustainability

Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa has hailed the parliamentary approval of law decree 45 of 2018 on setting pension of ministers and fixing the pension bonuses allocated for members of the Shura Council, the Council of Representatives and the municipal councils. “The move is part of the measures which aim at consolidating the sustainability of the pension funds for the sake of citizens”, he said, stressing the importance of preserving the stability, efficiency, and durability of the...

October 10, 2018
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09Oct

UK. Pensions rules leave women shortchanged

Women born in the 1950s are on the march about cuts to their state pensions, says Pamela Judge, while Judith Abbs is underwhelmed by the increase she’ll get for being 80 Letters On 10 October, 1950s-born women and their supporters will travel from all over the UK to Parliament Square in London to stand shoulder to shoulder and protest about the loss of up to six years’ state pension, for many a sum of over £40,000. We received little or no...

October 9, 2018
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09Oct

US. This Chart Shows How Much Health Care Will Cost in Retirement – at Every Age

Here’s some good news about medical expenses in retirement: health care inflation has slowed over the past year, lowering your projected lifetime tab, according to a new report. And here’s the bad news: even at this lower growth rate, health care expenses are a runaway train that can plow a hole into the most carefully constructed budget. Retirement health care expenses are projected to rise at an average annual rate of 4.2%, versus an estimated 5.5% last year, according to...

October 9, 2018
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08Oct

UK. Many workers mistrust pensions industry, survey finds

Many people still mistrust the pensions industry, according to a report which found a strong appetite among workers for their money to be saved with ethics in mind. Nearly three-quarters (73%) of people think it is important their pension scheme considers the environment, society and corporate behaviour when investing their money, a survey of members of workplace pension scheme Nest found. But general levels of trust in pensions are low and seem unchanging, according to its report. Nest also carried out a...

October 8, 2018
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08Oct

Kenya. Pension burden as State to spend Sh104bn on retirees in two years

Kenya will spend Sh104 billion in the next two years to pay retired civil servants, raising the red flag on the government’s ability to support its retiring workers. The dilemma, however, remains how much State workers should set aside for their sunset days in an environment of increasing cost of living thanks to the tax burden. And the increasing number of pensioners and government’s struggles to support them in their old age is a major cause for concern, according to Enwealth...

October 8, 2018
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08Oct

UK. Legal & General strikes 2.4 billion pounds pension de-risking deal

Legal & General (LGEN.L) said on Monday it had agreed a deal to insure 2.4 billion pounds in pension risk with the Nortel Networks UK Pension Plan, adding its deal pipeline was at a record high. L&G is at the forefront of demand from some insurers to take on pension-related risk from companies, so-called ‘bulk annuities’, and said at the half-year stage that it expected sales to drive earnings into the end of the year. The deal with Nortel allows the...

October 8, 2018
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05Oct

The Experts’ War on Poverty: Social Research and the Welfare Agenda in Postwar America (American Institutions and Society)

By Romain D. Huret,‎ John Angell In the critically acclaimed La Fin de la Pauverté, Romain D. Huret identifies a network of experts who were dedicated to the post-World War II battle against poverty in the United States. John Angell’s translation of Huret’s work brings to light for an English-speaking audience this critical set of intellectuals working in federal government, academic institutions, and think tanks. Their efforts to create a policy bureaucracy to support federal socio-economic action spanned from the...

October 5, 2018
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05Oct

Statistical, Mapping and Digital Approaches in Healthcare

By Gilles Maignant,‎ Pascal Staccini Statistical, Mapping and Digital Approaches in Healthcare addresses all health territories, starting from the analysis of geographical data (health data, population data, health data systems and environmental data), to new health areas (Health 3.0), i.e. digital health territories. Specific tools are used to question environmental changes, such as health statistics, mapping, mathematical models, optimization models and serious games. Uniquely combines the approaches of mathematicians, geographers and physician to the analysis of health territories Presents views that...

October 5, 2018
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05Oct

Survey of the Kenyan Private Equity and Venture Capital Landscape

By Shanthi Divakaran (World Bank), Patrick McGinnis (World Bank), Sam Schneider (Independent) This paper discusses the landscape for private equity and venture capital financing in Kenya. It provides an overview of the private equity and venture capital market in the country, describing key players, including funds, fund managers, investors, and public sector entities. The paper provides an analysis of key market drivers and impediments, as well as legal/regulatory/taxation drivers and impediments that affect Kenya's private equity and venture capital industry. ...

October 5, 2018
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