February 2024
22Feb

Can ChatGPT Plan Your Retirement?: Generative AI and Financial Advice

By Andrew W. Lo & Jillian Ross We identify some of the most pressing issues facing the adoption of large language models (LLMs) in practical settings, and propose a research agenda to reach the next technological inflection point in generative AI. We focus on four challenges facing most LLM applications: domain-specific expertise, an ability to tailor that expertise to a user’s unique situation, trustworthiness and adherence to the user’s moral and ethical standards, and conformity to regulatory guidelines and...

February 22, 2024
Articles, Operation, Pension design, , ,
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16Feb

Aging Europe

By Eurostat In this interactive report, Eurostat presents us with the most relevant statistics on the aging population of the European Union, covering aspects such as working life, living conditions, access to health and income. All these statistics are accessible at the regional level and by country in the European Union. Get the report here

February 16, 2024
Aging, Books, Books, Reports, , , ,
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16Feb

What could effective pensions engagement look like?

By Pensions Policy Institute This report, kindly sponsored by Standard Life, builds on the findings of the Briefing Note 136 - What is the role of engagement in pensions?, sets out the broad range of factors that can impact the level of engagement that can feasibly be achieved, the benefits and risks associated with engagement and the ways in which engagement strategies could be strengthened, including what other support may be needed for those who are less likely to become...

February 16, 2024
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16Feb

Does Pension Automatic Enrollment Increase Debt? Evidence from a Large-Scale Natural Experiment

By John Beshears, Matthew Blakstad, James J. Choi, Christopher Firth, John Gathergood, David Laibson, Richard Notley, Jesal D. Sheth, Will Sandbrook & Neil Stewart Does automatic enrollment into retirement saving increase household debt? We study the randomized roll-out of automatic enrollment pensions to ~160,000 employers in the United Kingdom with 2-29 employees. We find that the additional savings generated through automatic enrollment are partially offset by increases in unsecured debt. Over the first 41 months after enrollment, each additional month...

February 16, 2024
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16Feb

Trends in State and Local Pension Funds

By Oliver Giesecke & Joshua Rauh Unfunded public pension obligations represent the largest liability for state and local governments in the United States. As of fiscal year 2021, the total reported unfunded liabilities of these plans are $1.076 trillion. In contrast, the market value of the unfunded liability is approximately $6.501 trillion. As a result, the reported funding ratio of 82.5% falls to 43.8% under a market-based valuation. The market values reflect the fact that accrued pension promises are a...

February 16, 2024
Articles, Pension Management, , ,
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14Feb

¿La propuesta de reformas constitucionales fortalece el progreso social?

Por México, ¿cómo vamos? El Índice de Progreso Social (IPS) es una medición holística del desempeño social de un país que es independiente de factores económicos. El Índice está basado en un rango de indicadores sociales y ambientales que capturan tres dimensiones del progreso social: Necesidades Humanas Básicas, Fundamentos del Bienestar y Oportunidades. En México, ¿cómo vamos? identificamos el acceso a servicios de salud y educación como las palancas del progreso social, ya que estos crean capacidades futuras para un crecimiento...

February 14, 2024
Libros, Libros, Reportes, Suficiencia, , , ,
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14Feb

Oportunidades y opciones para la creación de un sistema de pensiones no contributivo en Honduras

Por Manuel Delgado Chavarría  Uno de los objetivos centrales de los sistemas de pensiones es contribuir a prevenir y erradicar la pobreza en la vejez. En América Latina y el Caribe los sistemas de pensiones no contributivos han jugado un papel central en el avance hacia este objetivo. Este documento aborda el estado actual y los desafíos del sistema de pensiones en Honduras, incluidos los retos de cobertura y suficiencia de sus prestaciones. En atención a la mayoritaria proporción de...

February 14, 2024
Artículos, Sostenibilidad del Sistema, Sostenibilidad del Sistema, , ,
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08Feb

México. “Hasta 4.1% del PIB, costo de la reforma a pensiones”

La reforma fiscal tendría que estar enfocada a combatir la elusión, revisar subsidios e incentivos a grandes contribuyentes. Ello ayudaría a tener los recursos necesarios para costear el impacto de las iniciativas. Las reformas en materia de pensiones y apoyos sociales enviadas por el presidente, Andrés Manuel López Obrador, al Congreso, tendrían un impacto inmediato de alrededor de 4.1% del Producto Interno Bruto (PIB), por lo que sería “urgente”, en caso de que se aprueben, una reforma fiscal, aseguró el...

February 8, 2024
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08Feb

Argentina. Qué pasará con las jubilaciones tras la caída de la Ley Ómnibus

El gobierno de Javier Milei sufrió un duro revés político con la Ley Ómnibus en la Cámara de Diputados, que volverá a tratarse en comisión ante la falta de consenso con los bloques "dialoguistas". La caída de la Ley Ómnibus, que incluía importantes cambios en la forma en que se definen los aumentos de jubilaciones y pensiones, pone en suspenso la implementación de una nueva fórmula. El plan de la Casa Rosada era ajustar los ingresos de los jubilados de acuerdo al índice de inflación de abril. Sin embargo, con la vuelta de...

February 8, 2024
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08Feb

US. Shell Closes $4.9B Pension Risk Transfer With Prudential

Prudential Financial Inc. announced on Wednesday it had closed a $4.9 billion pension risk transfer deal with Shell USA Inc. The transaction would be the first major pension risk transfer in the U.S. this year, following record years for the pension risk transfer market in 2022 and 2023.  “Prudential is honored to help continue meeting the retirement security needs of Shell’s retirees,” said Alexandra Hyten, head of institutional retirement strategies at Prudential, in a statement. “We are confident that our commitment...

February 8, 2024
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