October 2024
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
06Sep

Financial Inclusion, Inequality, and Retirement Trends Among Older Workers

By Issac Marcelin & Wei Sun The study develops a financial inclusion index comprising three dimensions: usage, barriers, and access to financial resources. It employs a Principal Component Analysis to determine the weights of each dimension. This index helps assess the impact of financial inclusion on various factors like ethnic groups, minorities, human capital, retirement, wealth outcomes, and mental well-being. Our research reveals new psychological and sociological impacts of accessing financial products. Households with higher financial inclusion scores are likelier...

September 6, 2024
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April 2024
05Apr

Fintechs are booming in Mexico but financial inclusion is lagging

Financial technology firms are eyeing Mexico’s vast market of 130 million individuals, an untapped frontier for both domestic companies and international endeavors. Yet despite strides in fintech, financial inclusion metrics lag behind, highlighting a disconnect between industry progress and broader adoption of financial products in this Latin American economy. To be sure, Mexico’s fintech ecosystem is thriving, boasting nearly 1,000 companies, including 217 foreign entities from over 22 nations. Over the past five years, the domestic sector has demonstrated impressive...

April 5, 2024
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January 2024
22Jan

China. Revitalizing pensions and economy with innovative aging finance

Financial institutions actively manage the Basic Old-age Insurance Fund and the National Social Security Fund, adopting market-oriented, diversified, and specialized investment principles. This approach promotes appreciation in the first pillar of the pension system. These institutions not only handle the investment aspects of enterprise annuity schemes and occupational annuity schemes but also provide direct services to participants in processes such as account opening, migration, and withdrawal. This approach leads to continual expansion in coverage and fund growth in enterprise annuity...

January 22, 2024
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October 2023
05Oct

Most regions more financially inclusive despite economic headwinds – Principal

Financial inclusion improved across most regions over the last year despite a challenging macroeconomic backdrop, with employers and governments providing their citizens with relevant tools, services and guidance. Principal Financial Group's annual research ranks the financial inclusivity of markets based on the support provided by employers, governments and the financial system. The ranking for the Global Financial Inclusion Index is produced alongside the Centre for Economics and Business Research. Singapore retained the top spot in the ranking, with Hong Kong in second place...

October 5, 2023
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July 2023
07Jul

Pensions for all. Proposals for more inclusive pension systems in Latin America.

Edited by David Tuesta y Gautam Bhardwaj One of the pending tasks in Latin America is the development of a pension system that is widely accessible, sufficient and financially sustainable over time. Beyond the different degrees of progress in each of the countries, they all face similar internal and global challenges. In particular, the problems of high informality of institutions and labor markets make the road even more uphill. The recent Covid19 pandemic scenario has highlighted the structural weaknesses of pension...

July 7, 2023
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February 2023
23Feb

Leveraging Fintech To Drive Financial Inclusion: Strategies And Best Practices

Financial inclusion (i.e., the availability and accessibility of financial services for individuals and businesses) is a fundamental goal for governments and organizations around the world. Despite progress in recent years, there are still many individuals and communities that lack access to basic financial services such as savings and credit. Fintech, or financial technology, has the potential to play a major role in addressing this problem by making financial services more accessible and affordable for those who need them most. One...

February 23, 2023
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17Feb

Gig economy report 2022

By Pascale Moreau The balance between flexibility, autonomous working and social protection has been a long time discussion within the gig economy and its complexities have kept legislators busy in recent years. As a result, the draft European Directive on Platform work is one of the most discussed topics of the year. It introduces various criteria which - if applicable - could result in a legal presumption of employment for the worker. In this year’s PwC Legal’s 2022 Gig Economy...

February 17, 2023
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08Feb

Financial Inclusion: Annual Monitoring Report 2022

By Stephen McKay, Karen Rowlingson & Adele Atkinson  This report is the tenth, and final, in a series of annual monitoring reports supported by the Friends Provident Foundation and Barrow Cadbury Trust to monitor progress towards, or indeed, away from, financial inclusion in Britain. To aid comparisons and provide a comprehensive picture, it uses the same framework as the previous reports and updates figures, where available, to give the most recent data and trends. Read book "here"

February 8, 2023
Books, Books, System Characterization,
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08Feb

The Road to Women Empowerment through the Mechanism of Self Help Groups

By Pallavi Mahajan Women constitute 48.10 percent of the population of India and only 27 percent of this adult women population has a steady income, which makes women ‘poorest of the poor (World Bank 2019). It has been asserted that comprehensive progression and inclusive development in India would be conceivable only when women are considered as equivalent agents in the development debate (Mazumdar 2004). In this parlance, the development agencies have increasingly regarded ‘empowerment’ as an essential objective to improve...

February 8, 2023
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