March 2019

10Mar

Millennial Money Mindset: How to Win Finances and Influence Pensions

By Neil Doig The rules have changed. The baby boomer’s financial plan was easy. Finish university debt free, waltz into a job for life, buy an affordable house and finish the last day of work with a handshake, a carriage clock and a guaranteed income for life. Millennials need a new plan. We have lived through the financial crash of 2008, many are scared of losing all their money in the stock market, are getting next to nothing from saving,...

March 10, 2019
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10Mar

Retirement Challenge – A Perspective for Emerging Markets

By Nadeem Jeddy (Independent) The West offers valuable lessons in managing retirement challenge but their experience needs to be contextualized for a vastly different sociopolitical environment of the emerging markets. This has important implications for aggregating retirement pools to build scale, investment model of firms, boundary for public sector role and solutions for income security. The article describes the differences in sociopolitical context, reviews some important Western lessons and then proceeds to outline the key features of a sustainable retirement...

March 10, 2019
Articles, Investing,
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10Mar

Working while Studying: Employment Premium or Penalty for Youth in Benin?

By Senakpon F. A. Dedehouanou (KU Leuven), Luca Tiberti (Université Laval), Hilaire Houeninvo (University of Abomey-Calavi), Djohodo Inès Monwanou (National University of Agriculture (Benin)) Most youth in developing countries leave school with only a general academic education level, slowing down their transition to the labor market. We analyze whether work experience during school can help youth transition more easily to a first job in Benin. We used data from the 2014 School-to-Work Transition Survey (SWTS) and a multi-equation model to...

March 10, 2019
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10Mar

Reforming Social Security: The Challenge of Income Inequality

By David W. Rasmussen (Pepper Institute on Aging and Public Policy) Objective: This article examines the role Social Security plays in alleviating poverty among retirees in the context of threats to its solvency.  Method: Examining long-term employment trends, declining access to defined benefit pensions and saving behavior can determine if in the more future Social Security beneficiaries are likely to be poor.  Results: Labor market trends driven by technical change, global competition and increasing demand for services indicate that more future retirees...

March 10, 2019
Articles, Labor Market, Regulation, , ,
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08Mar

UK. Amber Rudd sparks race row after referring to Diane Abbott as ‘coloured’

Work and Pensions Secretary Amber Rudd has apologised after referring to the shadow home secretary, Diane Abbott, as “a coloured woman.” Rudd made the comments on Jeremy Vine’s BBC Radio 2 show on Thursday, while talking about abuse of women in Parliament. “It definitely is worse if you’re a woman, and it’s worst of all if you’re a coloured woman,” she said. “I know that Diane Abbott gets a huge amount of abuse, and I think that’s something...

March 8, 2019
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08Mar

SA’s pension pot at risk as government seeks funding

The pension pot in South Africa, one of the largest in the world, could be under threat as government, whose debt is growing every year, looks for new funding sources. This according to the Institute of Race Relations (IRR), which warned of a threat by government to stipulate what the pension funds of about 16 million South Africans should be invested in. In its election manifesto, the ANC said it would investigate the introduction of prescribed assets on financial...

March 8, 2019
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08Mar

International Women’s Day: women’s rights on labour wards, pensions, an end to austerity – what we’ll be fighting for in 2019

International Women’s Day 2019, a day celebrating progress and demanding equality, comes after a seismic 12 months. From the growth of #MeToo to Gina Martin’s successful campaign to make upskirting illegal, the power of activism been demonstrated across the world. Meanwhile, a number of campaigns are gathering steam and will be getting louder (and louder) throughout 2019. IWD is marked by celebration, protest and dialogue. It’s a chance to ask each other: where are we? Where do we...

March 8, 2019
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08Mar

China’s pension funds sufficient: official

China's overall income of the pension funds is greater than the expenditure, and the operation of the fund is in good condition, the finance minister said Thursday. "Nationwide, China can ensure that the pension is paid on time and in full," Minister of Finance Liu Kun told a press conference on the sidelines of the annual legislative session. Last year, the income of the corporate pension funds was 3.6 trillion yuan (536 billion U.S. dollars), while total expenditure stood...

March 8, 2019
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07Mar

Chile. Piñera enciende el debate en el Congreso con idea de elevar cotización previsional a más de 14%

Sorpresa causó en la mayoría de los diputados de la Comisión de Trabajo, las declaraciones del Presidente Sebastián Piñera respecto a la posibilidad de elevar la cotización previsional más allá del 14% con cargo al empleador que propone el proyecto actual del Ejecutivo. “Si el gobierno se abre a aumentar la cotización debe cumplirse el requisito de que se mantenga la gradualidad de 0,5% por año. El gobierno ha recibido distintas propuestas, y veo que está mostrando flexibilidad pues...

March 7, 2019
Noticias,
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07Mar

Nigeria. Pension, Key Component Of Social Security System – PenCom Boss

The Acting Director-General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar has described pension as key component of social security adding that the objectives of pension reform in the country was to reduce old age poverty. Dahir-Umar who made the remark during an interaction with DAILY INDEPENDENT, noted that there were several initiatives embarked upon by governments at all levels to eradicate poverty through gigantic reforms or social security programmes and provide financial support directly to the poor without it...

March 7, 2019
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