October 2021
22Oct

The Future of Pension Management: Integrating Design, Governance, and Investing

By Keith P. Ambachtsheer The Future of Pension Management offers a progress report from the field, using actual case studies from around the world. In the mid-70s, Peter Drucker predicted that demographic dynamics would eventually turn pensions into a major societal issue; in 2007, author Keith Ambachsheer's book Pension Revolution laid out the ways in which Drucker's predictions had come to pass. This book provides a fresh look at the situation on the ground, and details the encouraging changes that...

October 22, 2021
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22Oct

Greece on its Way to Becoming Fastest Aging Country in the EU

The population decline in Greece, which has been steady since 2011, will lead the country to having the oldest people in the EU by 2030. That is the conclusion of a report by Eurostat, the EU statistics agency, about the declining population in the Union. If the report’s predictions come true, Greece will take the aging lead over Italy in the EU. With half of Greeks already over 50 years old, EU Commission estimates that the country’s population will decrease...

October 22, 2021
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19Oct

2021 Mercer CFA Institute Global Pension Index

By Mercer & CFA Institute The impact of the COVID-19 pandemic continues to affect the well-being of millions of individuals around the world. Its effects, however, are not confined to the health systems or those who contract the virus. There are broader economic effects with higher government debt and restricted economic activity in many countries. While it would be easy for governments to concentrate on these short term challenges, it would be a mistake to do so. With ageing populations,...

October 19, 2021
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13Oct

Reconciling population and social expectations in Japan

Japan has been declared the world’s first ‘super-aged’ society and a ‘pioneer shrinking society’, rapidly inverting the demographic pyramid upon which the modern state has been built. Since 1989, when the low fertility rate of 1.57 became a major social concern, numbers have continued to trend downward. In June 2020, the Japanese government announced the preliminary results of the 2020 census revealing that the number of births in that year was the lowest on record. Government efforts since the mid-1990s...

October 13, 2021
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September 2021
29Sep

16.5% of S. Korea’s population aged 65 and older in 2021: report

People aged 65 and older made up 16.5 percent of South Korea's population this year, a report showed Wednesday, highlighting concerns that the fast-aging demographic transition could pose a drag on the country's economy. According to the report by Statistics Korea, the number of people aged 65 and older stood at 8.53 million this year. The South Korean population is projected to peak in 2028 before going on a downward curve, the report showed. However, the graying of South Korea will accelerate,...

September 29, 2021
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20Sep

Japan’s older population hits record high

The estimated number of people aged 65 or older in Japan stood at a record high of 36.4 million as of Wednesday, an increase of 220,000 from a year before, the internal affairs ministry said Sunday. Read also Saving govt pensions by encouraging citizens’ savings The share of those aged adults in the nation’s total population rose to a record 29.1%, the highest among 201 countries and regions across the world. Read also Changing energy landscape fuels infrastructure investing Older men totaled 15.83...

September 20, 2021
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15Sep

Study: As a population gets older, automation accelerates

You might think robots and other forms of workplace automation gain traction due to intrinsic advances in technology — that innovations naturally find their way into the economy. But a study co-authored by an MIT professor tells a different story: Robots are more widely adopted where populations become notably older, filling the gaps in an aging industrial work force. “Demographic change — aging — is one of the most important factors leading to the adoption of robotics and other automation...

September 15, 2021
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13Sep

Korea’s aging population to sap fiscal health: Fitch

The fast-paced aging of South Korea’s population is likely to undermine the fiscal health of Asia’s fourth-largest economy in the long run amid soaring debt, credit ratings agency Fitch Ratings said Monday. The aging population, coupled with a declining fertility rate of fewer than one child per woman, could leave Korea exposed to higher risks as rising government spending could become a less effective means of boosting nationwide productivity. Read also Australia. Most vulnerable excluded from Disability Support Pension Fitch urged Korea...

September 13, 2021
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13Sep

Millions of older people in the U.S. live on the economic edge—evictions will send them into homelessness

In late August, the Supreme Court ruled that evictions can resume, despite an effort by the Biden administration to temporarily ban them due to the pandemic. The impact of this ruling could have dire consequences for many older adults already on the financial brink. In fact, the number of homeless people who are 55 and older is rising at an alarming rate. I have seen this first hand as the CEO of Central Arizona Shelter Services (CASS), a 470-bed homeless...

September 13, 2021
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August 2021
23Aug

China: New State Pension to Boost Retirement Savings

The establishment of the new state pension company is waiting for regulatory approval from the CBIRC. China plans to set up a state pension company with registered capital of CNY 11.15 billion (USD 1.72 billion) to boost the retirement funds available for its rapidly ageing population. According to Reuters, 17 bank-affiliated wealth management units, insurers and state institutions will take stakes in the company, whose largest shareholders include the wealth management units of China’s big five banks, each with a stake...

August 23, 2021
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