April 2020
30Apr

Pension Fund Industry in Mexico: Analyzing the S&P/BMV Mexico Target Risk Index Series across Different Economic Crises

By Jaime Merino This article is reprinted from the Indexology blog of S&P Dow Jones Indices. It is unnecessary to give an update on today’s economic situation since most already have a wealth of information over the repercussions of the COVID-19 pandemic. I will instead focus on another major concern: how have pension funds performed, and furthermore, are there similarities in how they have performed during other crises? After the S&P/BMV IPC dropped 16.38% from its highest monthly return posted...

April 30, 2020
Articles, Slider, , , ,
Read more...
28Apr

How Has COVID-19 Affected Retirement Income Adequacy?

Considering the recent market volatility and related economic fallout, new research by EBRI finds that the impact still appears to be recoverable.   In an April 21 Issue Brief, “Impact of the COVID-19 Pandemic on Retirement Income Adequacy: Evidence from EBRI’s Retirement Security Projection Model,” EBRI examines how the 2020 market crisis along with potential behavioral responses and decreases in DC plan eligibility could affect overall retirement deficits.  While emphasizing that the analysis is not meant to minimize the potential impact on...

April 28, 2020
News, Slider, ,
Read more...
28Apr

Australian Disability pensioners fight for COVID-19 supplement

Disability pensioners claim they have been discriminated against by the federal government in its response to the coronavirus pandemic, with one young Sydney man saying he is on the verge of homelessness. A coalition of advocacy groups are demanding the government include people receiving the disability support pension on the fortnightly $550 COVID-19 supplement following the exclusion of disabled people and their carers, despite welfare recipients such as those on JobSeeker, Youth Allowance and Austudy being eligible. Brendan Brest, 22, who...

April 28, 2020
News, Slider, , ,
Read more...
27Apr

Asian Pensions Under Pressure on Early Withdrawals

The trade-off between the needs of today and the desires of tomorrow is challenging the retirement savings systems in Asia as Covid-19 forces early withdrawals. Retirement schemes in Asia could face funding shortfalls after pension systems in Australia, South Korea and Malaysia have allowed early withdrawals, while others in the region are under pressure to follow suit. Read also South Africa: The Rules Around Pensions in a Time of Mass Job Losses The ongoing Covid-19 pandemic is causing as yet untold damage...

April 27, 2020
News, Slider, , ,
Read more...
27Apr

Suspended UK pension contributions could total £1bn

Up to £1bn in pension contributions could be suspended this year as businesses strike deals with retirement scheme trustees to keep afloat during the Covid-19 crisis. The estimate emerged from a Financial Times survey of professional services companies advising more than half of the 5,500 employers backing “defined benefit” pension schemes in the UK. A lockdown of the nation’s non-essential businesses and households has left many companies facing steep reductions in revenues and a subsequent cash crisis, resulting in interventions by...

April 27, 2020
News, Slider, , ,
Read more...
27Apr

US. Coronavirus’ Impact on Retirement Money in the Market

The COVID-19 crisis has taken a major toll on the U.S. economy, and has been battering the stock market since the virus started spreading rapidly in March. It's not shocking, then, to learn that 401(k) and IRA balances have taken a hit. The average 401(k) balance fell to $91,400 during the first quarter of 2020, according to Fidelity. That's a 19% or $20,900 drop from the fourth quarter of 2019. IRAs didn't fare all that much better. The average IRA balance fell to $98,900 in...

April 27, 2020
News, Slider, ,
Read more...
27Apr

COVID-19 – an ageing world makes it harder to fight pandemics

By Andrew Scott The global fight against COVID-19 has triggered a surge of interest in the 1918 to 1920 influenza pandemic that killed more than 50 million people around the world. But while we can learn lessons from the past, we must recognise what is different this time and tailor our response accordingly. Read also US. How The Pandemic Is Making The Retirement Crisis Worse — And What To Do About It Above all, society is ageing. In 2018, for the first time in...

April 27, 2020
News, OP Ed, Slider, , , ,
Read more...
24Apr

Dimensions of Human Resource Management Evolved with the Outbreak of COVID-19

By Jyoti Koirala, Suman Acharya The COVID-19 can be blamed for the greatest workplace transformations after 2020. This outbreak in this 21st century will break the existing system i.e. working, exercising, shopping, communicating, educating, and learning. This change will slowly force the organization to make modification to our human resource policies and strategy. The point need to be noted that this “social distance” is the change factor that created in the history for transformation. The work from home is...

April 24, 2020
Articles, Labor Market, , ,
Read more...
24Apr

Labor Markets During the Covid-19 Crisis: A Preliminary View

By Olivier Coibion, Yuriy Gorodnichenko, Michael Weber We use a repeated large-scale survey of households in the Nielsen Homescan panel to characterize how labor markets are being affected by the covid-19 pandemic. We document several facts. First, job loss has been significantly larger than implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire Great Recession. Second, many of those losing jobs are not actively looking to...

April 24, 2020
Articles, Labor Market, , , ,
Read more...
24Apr

Coronavirus will make US cities feel the pressure of pension debt

Municipal pension debt is among the many aspects of the economy that have been severely impacted by the coronavirus pandemic. COVID-19 not only exposes, but also further threatens the already-weak fiscal health of municipal retirement plans. Inaction on this front could mean insolvent pension plans dragging some of the nation’s largest cities into bankruptcy. After all, when the stock market takes a hit, so do pensions. This is because most of the typical pension funds’ income is from returns...

April 24, 2020
News, Slider, , , , ,
Read more...