October 2024
04Oct

Savings Goals Matter – Cognitive Constraints, Retirement Planning, and Downstream Economic Behaviors

By Zihan Ye, Thomas Post, Xiaopeng Zou & Shenglan Chen We study how cognitive constraints relate to each distinct step of the planning and execution process for retirement, that is, individuals’ propensity to plan, savings goals set, and economic outcomes (wealth accumulation and portfolio choice). We find that different cognitive constraints play distinct roles: Higher advanced financial literacy (and quantitative reasoning ability) predicts a greater propensity to plan, while higher basic financial literacy and verbal cognition predict setting higher savings...

October 4, 2024
Articles, Savings, , , ,
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04Oct

The Sustainable Investment Report 2024

By Dan Wills We are delighted to present the latest in our IFA Annual Report Series; The Sustainable Investment Report 2024. There are many facets of sustainability and companies are having to change their processes and behaviours to work towards our sustainable future. Researched and written by leading Compliance Consultant Tony Catt, this report is intended to provide a snapshot of the current situation and thinking from across the industry, in relation to the matter of sustainability in investment solutions. Get the report...

October 4, 2024
Books, Books, Pension Management, Reports, , , ,
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02Oct

Los retos de la nueva presidenta de México en materia económica.

Claudia Sheinbaum Pardo ya es oficialmente la presidenta de México. Su predecesor, Andrés Manuel López Obrador, le deja la doceava economía más grande del mundo y la más grande de habla hispana. Pero los retos todavía son grandes. Además de la esfera macroeconómica, los indicadores de desarrollo social y seguridad pública son otras de las áreas de oportunidad para la nueva administración que, por primera vez en la historia, lidera una mujer. Claudia Sheinbaum Pardo ya es oficialmente la presidenta de...

October 2, 2024
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01Oct

US. Here’s How Gen Xers Are Catching Up on Retirement Savings

Key Takeaways The oldest Gen Xers are already eligible to withdraw from retirement accounts penalty-free. Gen Xers are often underprepared for retirement but can improve by increasing savings and adjusting their budget. Unlike baby boomers with pensions, Gen X relies heavily on 401(k)s. During their highest earning years, Gen Xers can maximize retirement savings. Roth IRAs and 401(k)s can offer tax advantages for Gen Xers in retirement. Sandwiched between the more populous boomer generation and even more populous Millennials, Gen...

October 1, 2024
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01Oct

Swiss MP proposes integration of pension model for temp workers in second pillar

Christian Lohr, member of parliament (MP) for The Centre (Die Mitte) party in the National Council, the lower house of the Swiss parliament, has asked the government (Federal Council) to assess the possibility of integrating the pension model designed by the industry for temporary workers into the second pillar pension system, as an alternative to change occupational pensions after the public rejected the proposed reform in a recent vote. The pension fund model in the temporary employment sector enables many...

October 1, 2024
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September 2024
27Sep

Pension Coverage and Informal Sector Workers: International Experiences

By Yu-Wei Hu & Fiona Stewart  Pension reform around the world in recent decades has focused mainly on the formal sector. Consequently, many of those working in the informal sector have been left out of structured pension arrangements, particularly in developing countries – a serious problem given this group are often low income earners, vulnerable to economic volatility and change. However, since the turn of the millennium, efforts in a range of countries have increasingly highlighted improving pension coverage for...

September 27, 2024
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27Sep

Pension scheme assets – how they are invested and how and why they change over time

By The Pensions Policy Intitute We know both ‘quite a lot’ and ‘not enough’ about the assets that back current and future retirement incomes. Quite a lot because there are several sources of data that map pension fund assets and the way in which they are invested. Not enough because there are gaps in our knowledge and a multiplicity of data sets that classify assets in slightly different ways. The timing of different reports can also create difficulty mapping assets...

September 27, 2024
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27Sep

Revisiting Sample Bias in the Uk’s Annual Survey of Hours and Earnings, with Implications for Estimates of Low Pay and the Bite of the National Living Wage

By John Forth, Alex Bryson,Van Phan, Felix Ritchie, Carl Singleton, Lucy Stokes & Damian Whittard The Annual Survey of Hours and Earnings (ASHE) is based on an annual one per cent sample of employee jobs and provides many of the UK's official earnings statistics. These statistics are generated using official weights designed to make the achieved sample in each year representative of the population of employee jobs in Britain by gender, age, occupation, and region. However, we find that jobs...

September 27, 2024
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27Sep

Self-Control Preferences and Pension Means Testing

By Daniel Wheadon, Gonzalo Castex, George Kudrna & Alan D. Woodland We investigate the effects of self-control preferences on household life cycle decisions, macroeconomic outcomes, and the roles they play in determining optimal means testing of public old-age pensions. To that end, we develop a stochastic overlapping generations model with heterogeneous households that have Gul-Pesendorfer self-control preferences. First, we show that in economies with higher self-control costs lifetime savings diminish, while labor supply and retirement are postponed to later ages....

September 27, 2024
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27Sep

The Future of Retirement Security An International Comparison through the Lens of Adequacy, Sustainability, Equity and Plan Design

By Surya Kolluri, Catherine Reilly & David P. Richardson Countries around the world are considering and implementing reforms to their retirement systems for a variety of reasons, including increasing demographic and economic pressures. A key demographic driver is human longevity. For example, the average retiree can expect to spend about two decades in retirement, roughly double the time from 50 years ago. In the United States, life expectancy has risen by 17 years since the Social Security program debuted nearly...

September 27, 2024
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