September 2019

27Sep

73% of Americans Lack Financial Confidence in Retirement

Retirement can be a daunting prospect, since it generally involves moving from a steady paycheck to a fixed income. Unfortunately, the overwhelming majority of Americans lack financial confidence with regard to that milestone. Only 27% of U.S. adults are very confident about their ability to maintain financial stability in retirement, according to TIAA's 2019 Lifetime Income Survey. If you're not one of them, here are three important things to do today. 1. Know what to expect from Social Security Many people worry about...

September 27, 2019
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27Sep

Linking financial services and social protection for resilience: lessons from Kenya

Climate-related shocks and stresses threaten people and communities around the world, compounding existing poverty and vulnerability and undermining long-term development. National and international actors are searching for new and better ways to help people deal with increasing climate risks and, in turn, support long-term resilience. One potential way of doing this is to facilitate access to, and use of, adequate financial services such as savings, loans and insurance in underserved communities. The role of social protection (SP) programmes in helping...

September 27, 2019
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27Sep

Australia. Super and pension budget measures in firing line of retirement review

The next increase in compulsory superannuation and a string of budget savings measures that have crimped retirees' incomes will be investigated in the first comprehensive review of the nation's retirement income system in 30 years. Treasurer Josh Frydenberg on Friday released the terms of reference for the inquiry, which will cover the age pension, voluntary savings including the family home, aged-care funding, franking credits and the role of the powerful $2.9 trillion superannuation industry. The wide-ranging review would examine...

September 27, 2019
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27Sep

Danish Pension Funds Sign $52 Billion Green Pledge

Denmark’s private pension fund industry is banding together in a pledge to invest more than 350 billion Danish kroner ($51.7 billion) in green assets by 2030. The goal is to help reduce the country’s carbon dioxide emissions by 70%. The investments will be in energy infrastructure and other green activities such as green shares, green bonds, and investments in energy efficient construction. According to Insurance & Pension Denmark (IPD), the country’s pension trade association, the Danish pension industry...

September 27, 2019
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26Sep

Fear of Retirement Poverty Drives Japanese to Private Pensions

Japanese households are rushing to private retirement products after a government report fueled fears that the national pension system won’t be enough to support them during old age. SBI Securities Co. and Monex Group Inc. have seen applications for defined contribution pension plans surge since the report was released in early June. The document, published on the Financial Services Agency’s website, sparked angst after showing that a couple in their sixties may need as much as 20 million yen...

September 26, 2019
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26Sep

UK Expat pensioners advised to protect healthcare rights prior to Brexit

Over 3 years after the referendum the NHS anticipates problems in the 6 months following Brexit With the political scene in London appearing to be entering further turmoil following the Supreme Court’s ruling that Boris Johnson’s prorogation of parliament was unlawful, there have at last been furtherrecommendations this week from Her Majesty’s Government regarding how expats in Spain and the rest of the EU, particularly pensioners, should prepare to protect their healthcare rights in the event of a no-deal...

September 26, 2019
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26Sep

Pension Insurance Market: Development History, Current Analysis and Estimated Forecast to 2026

The report titled “Pension Insurance Market” offers a primary overview of the Pension Insurance industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global Pension Insurance market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the Pension Insurance industry. Historical Forecast Period 2013 – 2017 – Historical Year for Pension Insurance Market 2018 – Base Year for Pension Insurance Market...

September 26, 2019
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26Sep

EU. Pensions Inadequacy: The High Fees Often Charged By European Pension Providers Prevent Many EU Citizens From Enjoying A Decent Retirement

For the seventh year in a row, BETTER FINANCE embarked on the herculean task of gathering all the data on private pensions in 17 EU Member States and published its annual report on the real net returns of long-term and retirement savings in Europe. Despite the fact that the European Supervisory Authorities (ESAs) have a legal duty to collect, analyse and report data on “consumer trends” in their respective fields, the “Pension Savings – The Real Return” Report remains...

September 26, 2019
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25Sep

UK watchdog threatens to shut ‘problematic’ pensions advisers

Britain's markets watchdog threatened on Tuesday to close "every single advisory firm" that continues to wrongly tell people to cash in their defined benefit pensions. Megan Butler, executive director of supervision at the Financial Conduct Authority (FCA), said the behavior among financial advisers was "shocking" and "problematic". Lawmakers have criticized the FCA for being too slow to stop advisers telling steelworkers in Wales to cash in their defined benefit pensions that are pegged to salaries rather than the ups...

September 25, 2019
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25Sep

Ghana Pension Funds Are Shielded From Crisis-Hit Ghana. Money Managers

Ghana’s pension funds are safe from the crisis engulfing money managers caught in the aftermath of a banking-industry cleanup. “The only way some may have been affected is if they made fixed-term investments with some of the banks that were shut down,” Hayford Attah Krufi, chief executive officer of the National Pensions Regulatory Authority, said in an interview. “But, because the government bailed out depositors, those investments are still safe.” The West African nation’s markets regulator is investigating 21...

September 25, 2019
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