August 2018

27Aug

UK. Crackdown to safeguard pensions when firms go bust

Directors who have dissolved companies to avoid paying workers or pensions could be disqualified or fined by authorities for the first time. The move is part of a government initiative to safeguard workers, pensions and small suppliers when a company goes bust. The Observer reported in January that the government was preparing to crack down on irresponsible company bosses in the wake of the collapse of Carillion. The construction and outsourcing giant went into liquidation with a deficit in its...

August 27, 2018
News, Slider,
Read more...
25Aug

Social Security Programs and Retirement around the World: The Relationship to Youth Employment (National Bureau of Economic Research Conference Report)

By por Jonathan Gruber ,‎ David A. Wise  Many countries have social security systems that are currently financially unsustainable. Economists and policy makers have long studied this problem and identified two key causes. First, as declining birth rates raise the share of older persons in the population, the ratio of retirees to benefits-paying employees increases. Second, as falling mortality rates increase lifespans, retirees receive benefits for longer than in the past. Further exacerbating the situation, the provisions of social security...

August 25, 2018
Aging, Books, Labor Market, , ,
Read more...
25Aug

Financial Literacy: Empowerment in the Stock Market

By Ali Saeedi &‎ Meysam Hamedi  This book provides an overview of current issues associated to financial literacy improvement. In selecting and structuring the material to include, the primary criterion has been applicability of topics and recommendations and accuracy of trends toward better financial literacy level. Each chapter is dedicated to a particular component of financial literacy from education to capability. Throughout the book, there are many practices initiated around the world which, regardless of their superiority, are all useful initiatives...

August 25, 2018
Books, Investing, Labor Market, , ,
Read more...
25Aug

Demographics and Interest Rates in Asia

By Serkan Arslanalp (International Monetary Fund (IMF)), Jaewoo Lee (International Monetary Fund (IMF) - Research Department) & Umang Rawat (International Monetary Fund (IMF)) Demographic developments have been regarded as one important cause of the long-termmovement in global interest rates. This paper provides empirical evidence of therelationship between demographics and interest rates over a wide sample of advanced andemerging market economies. It also finds that capital account openness limits the directsensitivity of a country's interest rates to its own demographics. The results suggest...

August 25, 2018
Aging, Articles, Investing, ,
Read more...
25Aug

Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society

By Deborah Thorne (University of Idaho), Pamela Foohey (Indiana University Maurer School of Law), Robert M. Lawless (University of Illinois College of Law) & Katherine M. Porter (University of California - Irvine School of Law) The social safety net for older Americans has been shrinking for the past couple decades. The risks associated with aging, reduced income, and increased healthcare costs, have been off-loaded onto older individuals. At the same time, older Americans are increasingly likely to file consumer bankruptcy,...

August 25, 2018
Aging, Articles, , , , ,
Read more...
24Aug

3 Unusual Retirement Risks You Can’t Ignore

The stock market and personal health are two common things people tend to worry about during their retirement years. Visions of being forced to move in with their children, a lack of savings and real estate prices can also cause anxiety. While those may be top of mind for some, they may not really be the largest threats to financial freedom. 3 unusual retirement risks that you should not ignore Risk of Living too Long This probably seems like a good thing...

August 24, 2018
News, Slider,
Read more...
24Aug

UK. Britons living in EU could lose access to UK bank services in no-deal Brexit

In a document detailing contingency planning if Britain leaves the EU in March with no transition deal, the government said unilateral action on several fronts could only minimise disruption up to a point. While Britons will still be able to use their bank cards to withdraw money in EU countries, over a million UK citizens living abroad may not be able to use their British accounts for borrowing and deposit services, or insurance contracts such as annuities that pay pensions,...

August 24, 2018
News, Slider,
Read more...
24Aug

France. Macron government to tackle poverty, pensions, health

The last parliamentary session ended on a sour note for President Emmanuel Macron and his government, with the uproar over presidential bodyguard Alexandre Benalla, who was caught on camera assaulting student protesters while wearing a police crash helmet. The Macron camp is clearly hoping the dust has settled on that question, although the opposition is extremely unlikely to miss any chance to remind the public of such a major embarrassment. But there will be no change in strategy, the president told...

August 24, 2018
News, Slider,
Read more...
23Aug

India. Explained: National Pension System recent changes make NPS more subscriber-friendly; 10 points

National Pension System (NPS): Over the years, the Pension Fund Regulatory and Development Authority (PFRDA) has undertaken several measures to make the NPS  more beneficial for the subscribers. The recent notification, which was issued in July, makes the NPS (also popularly referred to as National Payment System) more subscriber friendly. Until last month, there were 11,758469 NPS subscribers in the country with assets under management of Rs 2,50,758 crore! Most of the subscribers are government employees, the number of subscribers...

August 23, 2018
News, Slider,
Read more...
23Aug

Ireland. Gov launchs consultation process for mandatory pensions

The Government is launching a consultation process for the first step towards mandatory pensions this afternoon. Minister Regina Doherty is announcing the process for an 'Auto Enrollment Retirement Savings System.' It could see almost all workers enrolled from 2022 to ensure people working in the private are saving enough for their future. Donal Keating is a Tax Director with Price Waterhouse Coopers. He said today's announcement is of most benefit to under 35s: "If you're sitting listening and you're 58 saying I have...

August 23, 2018
News, Slider,
Read more...