October 2021
08Oct

Pension Fund Management Software Market to Witness Huge Growth by 2026: Oracle, Visma, Aquila Software

Advance Market Analytics published a new research publication on “Pension Fund Management Software Market Insights, to 2026” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pension Fund Management Software market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in the study are: Oracle Corporation (United...

October 8, 2021
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08Oct

Australian Pensions See Foreign Currencies as Cushion From Shock

Australia’s pension funds are set to boost foreign currency holdings as an alternative to fixed-interest assets to shore up their portfolios against market shocks. That’s the view of Mark Delaney, the Chief Investment Officer of AustralianSuper Pty, who sees this happening over the next five years amid persistently low yields on government bonds. Given the Australian dollar’s link to demand for commodities and global growth, holding overseas currencies can be a good hedge against market volatility and downturns, he told the...

October 8, 2021
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08Oct

2021 End-of-Year Plan Amendment Deadlines and Other Considerations

As the year draws to a close, it is helpful for employers to pause and evaluate employee benefit plan amendment deadlines and other crucial fourth quarter benefit considerations, as described below. Plan Amendment Deadlines Many benefit plan changes must be amended by year end to reflect pandemic relief provisions implemented under the Families First Coronavirus Response Act (FFCRA), the Setting Every Community Up for Retirement Enhancement (SECURE) Act, and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. CAFETERIA PLAN AND FSA...

October 8, 2021
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08Oct

Social Security Programs and Retirement around the World: Reforms and Retirement Incentives

By Axel Börsch-Supan & Courtney Coile This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the last two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have increased dramatically as well. While better health, more education, and changes in labor-supply behavior of married couples may have...

October 8, 2021
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07Oct

Sustainability agreements and antitrust – three criteria to distinguish beneficial cooperation from greenwashing

By Maurits Dolmans This paper discusses European competition law as it applies to agreements between market players to reduce, eliminate, or compensate for greenhouse gas emissions. It places these in an economic context, discusses the relevant provisions of the European treaties and applicable case law of the European Court of Justice. It identifies three broad criteria for the non-application of the prohibition of restrictive agreements, or exemption, to sustainability agreements. Source: SSRN 238 views

October 7, 2021
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07Oct

Temporal Reframing of Recurring Savings Reduces Perceived Pain and Helps Those with Lower Financial Literacy to Save

By Stephen Shu Steve Thomas & David A. Smith While assessments of the Gig Economy vary in terms of size, growth, and heterogeneity, most studies suggest that this segment of the economy is sizeable, growing, and diverse in terms of types of work. Some concerns in the literature include both the present and future welfare of workers in the Gig Economy. More granular, temporal reframing of savings (e.g., save $5 a day versus $150 a month) has been shown to...

October 7, 2021
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07Oct

Income Trajectories in Later Life: Longitudinal Evidence from the Health and Retirement Study

By Olivia S. Mitchell, Robert Clark, Annamaria Lusardi We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as they aged. We focus on low-income older adults and follow them over time to identify the factors associated with having low income at baseline and thereafter. We find that (a) real income remained relatively stable as individuals approached and entered retirement, and progressed through their retirement years, and (b) labor force participation declined and...

October 7, 2021
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07Oct

Las grandes ventajas del ahorro voluntario de las que poco se habla

En México solo el 44% de la población adulta en México (30.7 millones) tienen el hábito de ahorrar, por lo cual la cultura del ahorro es una actividad que se encuentra en desarrollo dentro de la población, al igual que la búsqueda de algunas alternativas para fomentar este hábito. Una de ellas y la cual se encuentra al alcance de todos los mexicanos, es el ahorro voluntario que pueden realizar a través de su Afore. Los trabajadores activos tienen una...

October 7, 2021
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07Oct

Argentina. ANSES logró la cifra más alta de jubilaciones y pensiones de los últimos 6 años

La Administración Nacional de la Seguridad Social (ANSES), informó que a través de sus distintos canales de atención -presencial y virtual-, realizó 1.386.539 trámites entre jubilaciones, pensiones, Asignaciones Universales y Familiares y otros beneficios. Leer también Ahorro e inclusión financiera: una revisión de la literatura desde la Economía del Comportamiento Al respecto, la directora ejecutiva de ANSES, Fernanda Raverta, afirmó que "desde principios de año nos comprometimos a redoblar nuestros esfuerzos para recuperar el tiempo que la pandemia nos había quitado...

October 7, 2021
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07Oct

Retiros de las AFP en Chile ya golpearon al mercado de capitales: Banco Central

El presidente del Banco Central de Chile, Mario Marcel, dio cuenta de la huella que han dejado los anteriores retiros de los fondos de pensiones en el mercado de capitales locales. Durante un seminario, contextualizó el impacto con el énfasis en que esto no es un escenario futurista: “La verdad es que esto es algo que ya está ocurriendo. Hoy día nuestro mercado de capitales ya ha perdido profundidad, porque ha perdido 20 puntos del Producto en fondos de pensiones,...

October 7, 2021
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