February 2023

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...

December 2022

The Underpensioned Index 2022 Edition

By The Pensions Policy Institute This report, the third in the series, provides an updated version of the Index, alongside recent data illustrating changes, particularly in the labour market and pension saving, that have been experienced by underpensioned groups since the first Index. Recognising that the current economic landscape is challenging, some of these changes may reflect current circumstances rather than long-term trends, and some of the policies that may be suggested as potential remedies to the underpensioned challenge may not be appropriate to enact during the...

UK. More than 8.6mn missing out on workplace pension savings

More than 8.6mn people from “underpensioned” groups are missing out on workplace pension savings, according to a report by Now Pensions. The report, published on December 7 in collaboration with the Pensions Policy Institute, found a number of common factors within these groups that are causing barriers to saving, including non-traditional work patterns, a lower percentage of homeownership, and being impacted by inequalities in the labour market. People from underpensioned groups – including ethnic minorities, people with disabilities, carers and single...

November 2022

Financial System: Challenges and Opportunities of Digital Transformation in Mexico

By Vanessa Veintimilla Brando & Daniel Miranda Lopez This work aims to understand the implications that financial technology represents for the Mexican financial system. Considering that the adoption of new technologies in the financial system (Fintech) is increasing, a novel and complex context has arisen with diverse implications in various aspects such as education, infrastructure, and the regulatory and supervisory framework needed to ensure a healthy development of the financial system. Although it has been shown that digitization brings...

The Nobel laureate, Paul Krugman and other experts will celebrate 25th anniversary of the Mexican pension system at Encuentro Amafore 2022

Encuentro Amafore 2022 will take place at the Citibanamex Center on the 16 and 17 of November, with keynote speeches by the 2008 Nobel Prize in Economics, Paul Krugman; 2004 Pulitzer Prize-winning historian and geopolitical expert Anne Applebaum; the political scientist, writer and professor at Stanford University, Francis Fukuyama; and the Director of Strategic Alliances and Contents of América Móvil, Arturo Elías Ayub. It will also feature keynote addresses by the director of strategic functions at BlackRock, Peter Fisher; Franklin...

September 2022

Financial Inclusion report: 2020-2021

By UK Government Financial inclusion and financial capability continue to be priorities for us personally and for our departments. As the UK moves towards its recovery from the COVID-19 pandemic, being “financially included” remains of central importance throughout peoples’ financial lives, from the basic necessity of being able to open your first bank account, to accessing credit, insurance, and the right mortgage products at an affordable price, and when planning for retirement. Over the last year, we announced and delivered significant...

June 2022

DC 2.0: Three Paths To More Equitable Retirement Programs

Among C-suite and financial executives at both for-profit and nonprofit organizations, 99% are committed to helping employees save for retirement and 84% believe they have made significant progress toward achieving their organization’s diversity, equity, and inclusion (DEI) goals. That’s according to a December 2021 PNC Survey on institutional social responsibility. Despite these commitments, many employees remain underprepared for retirement. Specifically, low-income workers, women, and people of color tend to have significantly less access to retirement plans, and when these groups...

November 2021

India:Govt looks into inclusive system for retirement income

The central government is considering launching a drive to provide retirement benefit cover to nearly 380m people in the uncovered workforce in the country, so as to narrow the gap between higher life expectancy and lack of retirement income support. Inter-ministerial consultations are taking place on how to achieve this goal. “The idea is everyone should be in one of the schemes,” an official told The Financial Express. Currently, around 120m workers, the bulk of whom in the organised sector, enjoy...

October 2021

The Long Shadow The Long Shadow of Informality Edited by Challenges and Policies

By Franziska Ohnsorge and Shu Yu In emerging market and developing economies (EMDEs), far too many people and small enterprises operate outside the line of sight of governments—in a zone where little help is available to them in an emergency such as the COVID-19 crisis. This “informal” sector constitutes more than 70 percent of total employment in these countries and roughly one-third of output. Policy makers have long had good reasons to worry about this sector: Its participants are vulnerable even...

July 2021

Towards Improved Retirement Savings Outcomes for Women

By OECD Labour market inequalities are well-known to be the main drivers of the gender pension gap. This publication focuses on helping governments find solutions for retirement savings arrangements that do not further exacerbate these inequalities. This study first analyses why the gender pension gap exists and sheds light on some of the behavioural and cultural factors that contribute to these inequalities. Country case studies assess how demographics, labour markets and other factors may affect gaps in pension coverage, assets...