June 2024
07Jun

UK Pension Attention campaign refreshes comms support

The ABI and PLSA have selected Third City to oversee the ‘Pay Your Pension Some Attention’ campaign, after a competitive four-way pitch. The agency will be responsible for “injecting a fresh approach” into the annual campaign and driving greater engagement with pensions among the UK public. Backed by prominent pensions industry brands, the work will run from September to November this year. The ABI and PLSA have worked with financial PR agency Teamspirit for the past two years on the initiative. In 2022,...

June 7, 2024
News, ,
Read more...

May 2024
31May

Improving Pension Information: Experimental Evidence on Learning Using Online Resources

By Denise Laroze, Charles Noussair, Gabriela Fajardo, Ximena Quintanilla, Paulina Granados, Pedro Vallette & Mauricio López Tapia When planning for retirement, deciding what to do with one's pension funds is a high-stakes, one-shot decision. It is often described in technical jargon that few people understand. Not surprisingly, individuals find the pension selection process stressful. As a consequence, many pay for advice or miss out on benefits they are eligible for because of the opacity of the retirement process. We consider...

May 31, 2024
Articles, Pension design, , ,
Read more...
03May

Pensioen SPECULOOS: Lessons from Brazil for Belgium

By Arun Muralidhar A commonly-accepted retirement goal for a healthy pension is for it to sustain the relatively higher standard-of-living of the latter part of one’s working life throughout retirement. A recent innovation implemented by Brazil in January 2023 might provide a solution to the pension challenges faced by Belgium, and more importantly, satisfy the key goals identified by Belgium Government. We recommend Belgium create and issue an innovative new bond – SPECial ULtra-long Obligatie (PensiOen) Salarisstook (SPECULOOS), known previously...

May 3, 2024
Articles, Pension design, , , , ,
Read more...
03May

Financial Fragility, Financial Resilience, and Pension Distributions

By Robert Clark & Olivia S. Mitchell  We evaluate Americans’ financial robustness during the COVID-19 pandemic, using measures of financial resilience and financial fragility derived from U.S. surveys of persons aged 45 to 75 from 2020 to 2022. We analyze which factors were associated with resilience and fragility, discuss how these measures changed during the pandemic, and assess whether prepandemic resilience led to better outcomes during the period. Results show that stronger resilience was protective in terms of financial fragility,...

May 3, 2024
Articles, Pension design, , , ,
Read more...

April 2024
16Apr

US. Why Staying in Your 401(k) After Retirement Makes Sense

Many Americans heading into retirement confront a weighty question that doesn’t have an easy answer: Should they retain their savings in their 401(k) plans, move them to an Individual Retirement Account (IRA), or cash out and pay taxes (and perhaps penalties) on the assets withdrawn?A new research paper titled “The Pros and Cons of Remaining in a 401(k) Plan After Retirement” addresses this question, especially for “the vast majority of Americans who enter retirement with low or moderate levels...

April 16, 2024
News, ,
Read more...

March 2024
15Mar

OECD/INFE 2023 International Survey of Adult Financial Literacy

By OECD Understanding current levels of financial literacy and needs is key for the effective development of financial literacy strategies and programmes. This report presents the results of an international survey of financial literacy levels among adults. A total of 39 countries and economies, of which 20 are OECD member countries, participated in this third coordinated measurement exercise using the globally recognized OECD/INFE 2022 Toolkit for Measuring Financial Literacy and Financial Inclusion to measure financial literacy levels among their adult...

March 15, 2024
Books, Books, Reports, System Characterization, , ,
Read more...
15Mar

The Lifelong Benefits of Improved Financial Literacy

By Annamaria Lusardi Annamaria Lusardi talked with Retirement Management Journal Editorial Advisory Board Members in June 2023 about benchmarking and assessing financial literacy, how it compares globally and why it matters, and providing financial education to improve retirement readiness. Source SSRN

March 15, 2024
Articles, System Characterization, , ,
Read more...

February 2024
16Feb

What could effective pensions engagement look like?

By Pensions Policy Institute This report, kindly sponsored by Standard Life, builds on the findings of the Briefing Note 136 - What is the role of engagement in pensions?, sets out the broad range of factors that can impact the level of engagement that can feasibly be achieved, the benefits and risks associated with engagement and the ways in which engagement strategies could be strengthened, including what other support may be needed for those who are less likely to become...

February 16, 2024
Books, Books, Pension design, Reports, , ,
Read more...
16Feb

Gender Inequality Over the Life Cycle, Information Provision and Policy Preferences

By Alessandra Casarico, Jana Schuetz & Silke Uebelmesser We conduct a survey experiment with four thousand German respondents and provide information on two measures of gender inequality, separately or jointly: the gender gap in earnings and the gender gap in pensions. We analyze the effect of information provision on respondents’ views on the importance of reducing gender inequality and on their agreement with the adoption of policies targeted at different stages of the life cycle and aimed at reducing the...

February 16, 2024
Articles, Pension design, , , , ,
Read more...