July 2020
06Jul

Choosing Retirement Investments Based On Age Alone Is Faulty

I was talking with a young couple the other week regarding their retirement investment selection in their 401(k) plan. They both had selected choices based upon their retirement age. They will hit that age in 2050. If you aren’t retiring for 30 years, that might seem like a good choice. But what does that year really mean when it comes to investing for retirement? This type of investment approach is typically referred to as a target-date strategy. I gave...

July 6, 2020
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03Jul

Protecting South Asia’s poor and vulnerable against COVID-19

By Lynne Sherburne Benz, Stefano Paternostro, Zaineb Majoka When India went into lockdown in late March as a result of COVID-19, one of the country’s biggest priorities was to ensure access to food. As millions risked starvation, the government mobilized its existing Public Distribution System (PDS) to give away food rations to over 800 million people, thus averting a catastrophic food crisis. As the coronavirus spreads exponentially across South Asia, food insecurity is just one of the many challenges...

July 3, 2020
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03Jul

Study on Shock-Responsive Social Protection in Latin America and the Caribbean – Guyana case study

By Sarah Bailey, Francesca Ciardi In the Caribbean and globally, links are being made between social protection and disaster risk management (DRM). Social protection programmes that provide assistance to households, and the systems that underpin these programmes, may have a role to play in preparing for, responding to and mitigating the impacts of shocks such as cyclones, floods, droughts and political and economic crises. This role for social protection goes beyond its core function of addressing the risks and...

July 3, 2020
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03Jul

UK. Pension funds covering £3trn pressured on fossil fuel investments and net-zero alignment

Called ‘Make My Money Matter’, the campaign’s overarching ambition is to fundamentally shift the way in which the UK’s £3trn pension pot is invested, uniting consumers, employers and policy to do so. Through a string of communications campaigns and events, the campaign will urge employers to align their pension with their missions and values, equipping staff with advice on engaging their employer, and executives with tools to measure whether their pension funds have a positive impact on the environment...

July 3, 2020
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03Jul

Greece. Open call to foreign pensioners

Greece is about to issue an open invitation to foreign pensioners to relocate their tax domicile to Greece, with a bill to that effect set to be put up for consultation today or on Monday, Finance Minister Christos Staikouras stated on Thursday. He also reiterated his view that the economy will not shrink any more than 8% this year. In an interview on Skai Radio Staikouras revealed the bill is ready for public consultation, offering tax incentives to pensioners...

July 3, 2020
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03Jul

UK. Women’s pensions take the biggest hit after a divorce, with them retiring on a quarter of men’s retirement pots

Divorced women are retiring on pensions a quarter the size of men's, but break-ups take a financial toll on both genders, new research shows. Women who split with their partners reach retirement with savings of around £26,100, while divorced men have £103,500 by the time they stop work. That vastly undershoots the £51,000 and £156,500 which women and men who are not divorced retire on respectively, according to the study published by NOW: Pensions. The figures highlight the huge...

July 3, 2020
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02Jul

UK DB Pension Schemes Lose up to £250m a Year Due to Use of Less Tax-efficient Funds, Research by AMX and Northern Trust Reveals

UK defined benefit (DB) pension schemes are losing out on over £250m of additional income per year in their global equity portfolios because they are investing via less tax-efficient fund structures than those available, according to new research from The Asset Management Exchange (AMX) and Northern Trust (Nasdaq: NTRS), conducted by Broadridge Financial Solutions. Read also UK. £127bn transferred out of workplace schemes since 2015 – ONS UK pension schemes, as tax-exempt investors, are entitled to apply for reclaims or...

July 2, 2020
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02Jul

Morocco to extend social protection to 2.5 million handicraftsmen

Some 2.5 million handicraftsmen and their dependents will finally have access to social protection after the government approved a law to enlist them in the private sector pension fund CNSS. The new law was presented by tourism and handicrafts minister Nadia Fettah Alaoui to MPs as part of a reform that aims to fill a legal void in the handicrafts industry. Handicrafts accounts for 7% of Morocco’s GDP and employs 20% of the work force with a concentration in...

July 2, 2020
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02Jul

Australian regulator imposes new conditions on Suncorp, CBA pension arms

Australia’s prudential regulator said on Thursday said it has imposed new licensing conditions on the pension units of Commonwealth Bank of Australia and Suncorp Group following directions by a government-ordered enquiry. The new conditions would require them to record how they consider the best interests of their customers while making decisions, the Australian Prudential Regulation Authority (APRA) said. The authority noted that neither Suncorp Portfolio Services (SPSL) nor Colonial First State Investments (CFSIL) had breached pension laws. The conditions...

July 2, 2020
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Pensiones dignas y sostenibles para todos: Los grandes retos de la longevidad

por Arismendi Diaz Santana Pensiones Dignas y Sostenibles para todos El nivel de vida de millones de jubilados se reduce, mientras los estudios pronostican una bomba previsional para mediados del siglo. Este libro responde a las siguientes preguntas: 1) ¿Cuál es la magnitud y el pronóstico de la crisis previsional global?; 2) ¿Cuáles factores determinan el creciente desequilibrio actuarial y financiero?; 3) ¿Por qué el sistema de reparto no garantiza pensiones sostenibles?; 4) ¿Qué factores limitan a la capitalización...

July 1, 2020
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