November 2019

12Nov

Nigeria. Micro pension: Gaining traction amid challenges

While the Contributory Pension Scheme (CPS) has been fully established and to a large extent taken care of workers in the formal sector including public and private establishments, the micro-pension plan for the informal sector came on-board fully this year with a major launch by the Federal Government. Read also Poland Approves Plans to Overhaul Pension System The scheme, which went through the usual teething problem associated with every new programme, has, however, appeared to be taking shape...

November 12, 2019
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October 2019

14Oct

Ireland. Self-employed are being left behind in putting away pensions savings

THE number of people working for themselves and saving towards a personal pension has dropped by almost a third in the last four years, according to HMRC. The Taylor Review showed that the number of people working for themselves had increased by a third since the start of the century. In 2001 it was 3.3 million, it had risen to 4.81 million by 2017. Still only 13 per cent are saving for a pension. This is compared to 68...

October 14, 2019
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10Oct

UK. Penfold launches digital pensions aimed at the self-employed

Penfold, a digital pension scheme built specifically for freelancers and runner-up at AltFi’s Fintech Pitch Off Competition at the AltFi London Summit 2019, launched today. The startup is focused on helping self-employed workers start a pension in just a few minutes, and then works around educating and supporting customers who might not have additional employer-supported pension schemes. “We’re aiming to make pensions not just easier, but more attractive for self-employed people to start planning for later in life,” says...

October 10, 2019
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September 2019

11Sep

Ireland has gender pension gap of 35% – study

Irish men receive an average of €153 more than women in their pension payments, according to research by the Economic and Social Research Unit (ESRI). The study found the average total weekly pension income in 2010 was €280 for women and €433 for men, indicating a gender pension gap of approximately 35%. The total gender pension gap is due to differences in incomes from private and occupational pensions. Some 55% of retired men receive a private or occupational pension,...

September 11, 2019
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11Sep

India. PM to launch farmers’ pension scheme in Ranchi on Sept 12

"The Prime Minister will launch three national and two state level schemes here on September 12. The first scheme is Kisan Mandhan Yojna, under which farmers will get Rs 3,000 pension; the second is laying the foundation stone for 462 Eklavya schools exclusively for quality education; the third is a pension scheme for small shopkeepers," the Chief Minister said in a press conference here on Tuesday. Das said that under the farmer's scheme, more than one lakh farmers have...

September 11, 2019
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August 2019

09Aug

Gender Gap in Savings Goal Choice: Evidence from Mixed Methods

Ariane Hillig, Jerome Monne, Janette Rutterford, Dimitris Sotiropoulos There has been a good deal of research on gender psychological differences in the context of financial decision making, but no research on the impact of gender difference in the setting of savings goals. To address this question we use two unique datasets, one quantitative and one qualitative. Our quantitative results show that men set more challenging savings goals than women, even when we control for wealth, income, and portfolio risk...

August 9, 2019
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05Aug

The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future

Much of what will happen in the next thirty years is inevitable, driven by technological trends that are already in motion. In this fascinating, provocative new book, Kevin Kelly provides an optimistic road map for the future, showing how the coming changes in our lives--from virtual reality in the home to an on-demand economy to artificial intelligence embedded in everything we manufacture--can be understood as the result of a few long-term, accelerating forces. Kelly both describes these deep trends--interacting,...

August 5, 2019
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05Aug

Bank 4.0: Banking Everywhere, Never at a Bank

Bank 4.0 explores the radical transformation already taking place in banking, and follows it to its logical conclusion. What will banking look like in 30 years? 50 years? The world's best banks have been forced to adapt to changing consumer behaviors; regulators are rethinking friction, licensing and regulation; Fintech start-ups and tech giants are redefining how banking fits in the daily life of consumers. To survive, banks are having to develop new capabilities, new jobs and new skills. The...

August 5, 2019
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05Aug

Blockchain Basics: A Non-Technical Introduction in 25 Steps

In 25 concise steps, you will learn the basics of blockchain technology. No mathematical formulas, program code, or computer science jargon are used. No previous knowledge in computer science, mathematics, programming, or cryptography is required. Terminology is explained through pictures, analogies, and metaphors. This book bridges the gap that exists between purely technical books about the blockchain and purely business-focused books. It does so by explaining both the technical concepts that make up the blockchain and their role in...

August 5, 2019
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05Aug

FinTech Revolution: Universal Inclusion in the New Financial Ecosystem

This book is a practical guide to the evolving landscape of finance, highlighting how it’s changing our relationship with money and how financial technology, together with macroeconomic and societal change, is rewriting the story of how business is done in developing economies. Financial services companies are trying to become more customer focused, but struggling to help huge customer segments, particularly in developing economies. Alternative financial models and tools are emerging, which are being embraced by consumers and incumbents....

August 5, 2019
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