Income Archives - Page 19 of 50 - Pension Policy International

27MayMay 27, 2022

French pensions to be tied to inflation in July, labour minister says

French pensions are to be tied to inflation from this summer in an effort to increase retirees spending power, France’s labour minister Olivier Dussopt has said. “What we want is for this inflation indexation to be valid from July,” he told RTL on Tuesday (May 24). Inflation in France reached 4.8% year-on-year in April, and could rise to 5.4% in June, the national statistics bureau Insee states. “If we take into account an inflation of 4%, for example, for a pension of...

May 27, 2022

News2022, France, Income, Inflation

26MayMay 26, 2022

Why are LGBTQ+ investors different?

By Matthew Carter & Paul Donovan The obvious question when writing about LGBTQ+ investment is why the LGBTQ+ community would need to invest differently from the cis-gendered heterosexual community? The answer is that full legal and social equality does not exist anywhere in the world. When different groups face different social or legal environments, they need to invest differently to deal with the challenges that they face. While the main concerns of investors are the same, regardless of gender or sexual...

May 26, 2022

Articles, Investing2022, Equality, Income, Pension design

26MayMay 26, 2022

UK. Annuities make slow comeback as retirees look for income certainty

After a decline in annuity sales following the pension freedoms, the market seems to have levelled off with purchases accounting for around 10 per cent of total market share, according to the Pensions Policy Institute. A PPI briefing note published yesterday (May 26) showed that the average pot size used for purchasing an annuity has risen to £71,000 from £37,000 in 2015. But in recent years, more pots under £10,000 have been used to buy these products. These small pots accounted...

May 26, 2022

News2022, Income, Payout, UK

19MayMay 19, 2022

Top-Income Adjustments and Official Statistics on Income Distribution: The Case of the UK

By Stephen P. Jenkins UK official statistics on income distribution have incorporated top-income adjustments to household survey data since 1992. This article reviews the work undertaken by the Department for Work and Pensions and the Office for National Statistics, and the academic research that influenced them, and reflects on the lessons to learn from the UK experience. Source: SSRN 259 views

May 19, 2022

Articles, Savings, System Characterization2022, Equality, Income, Taxation, UK

19MayMay 19, 2022

The Economic Well-Being of LGBT Adults in the U.S. in 2019

By CLEAR The Federal Reserve Board has conducted the Survey of Household Economic Decisionmaking (SHED) since 2013. In 2019, the survey included LGBTQ people by asking U.S. adults about their sexual orientation and gender identity (SOGI), enabling for the first time the creation of a picture of the economic well-being of LGBT households using the SHED data. Analysis of the data shows that in 2019: • LGBT adults were more often struggling to get by. Fewer than two-thirds of LGBT adults reported...

May 19, 2022

Books, Labor Market, System Characterization2021, Aging, Equality, Income, savings

16MayMay 16, 2022

Australia. Pensioners hit hard by living cost increases

Annual increases in living costs have continued to rise, with age pensioner households experiencing a annual spike of about five per cent in living costs, according to new Australian Bureau of Statistics [ABS] data. According to the ABS data, the annual increase in living costs to the March 2022 quarter for employee households (households whose principal source of income is from wages and salaries) was 3.8 per cent. However, the annual rise in living costs for age pensioner households (households whose...

May 16, 2022

News2022, Australia, Income

13MayMay 13, 2022

Why a Zimbabwean firm offers pensions denominated in cows

Kelvin chamunorwa’s mother was a middle manager at a bank in Zimbabwe. She worked there for 25 years, steadily contributing to a pension. But horrendous inflation, which reached an annual rate of 231,000,000% in mid-2008, wiped out her savings. When she retired, her pension was so small it was barely worth collecting. So Mr Chamunorwa, an actuary trained in Britain, started a company, Nhaka Life Assurance, to sell inflation-proof pensions to Zimbabweans. The pensions are not denominated in Zimbabwe dollars,...

May 13, 2022

News2022, Income, Payout, Pension design, Zimbabwe

12MayMay 12, 2022

Impact of financial investment on the individual’s confidence of happy retirement life

By Yan-Leung Cheung, Billy S C Mak, Hao Shu & Weiqiang Tan The study examines the impact of financial investment on the individual’s confidence in happy retirement life using data from 735 respondents in the Bank Consortium Holding Limited (BCT) Public Opinion Survey on Retirement Happiness in 2017. The result shows that holding the investment portfolio with savings and risky assets is positively and significantly correlated with the individual’s confidence of happy retirement life, and this relationship is more pronounced...

May 12, 2022

Articles, Investment, Pension designAging, Financial Literacy, Hong Kong, Income

12MayMay 12, 2022

Do Pensions Reduce Debt?

By Wei Chen This paper estimates the causal impact of receiving pension payments on debt behavior among older adults, with a natural experiment around China's New Rural Pension Scheme (NRPS), one of the world's largest social pension programs. Using a fuzzy difference in discontinuity research design and four waves of the China Health and Retirement Longitudinal Survey (CHARLS), I find that the introduction of the NRPS reduced debt among older adults, and increased their ability to shield themselves against shocks,...

May 12, 2022

Articles, Pension design2022, Aging, China, Income

12MayMay 12, 2022

Pensions: people on lower incomes can be confused and disadvantaged by defined contribution pensions

New research released finds defined contribution (DC) pension schemes, which do not automatically offer a secure, guaranteed income for life, can lead to poor outcomes for those on lower incomes. Since the introduction of ‘pension freedoms’ in 2015, the vast majority of consumers are opting against a guaranteed income, resulting in them facing significant threats to their retirement security. Researchers from the University of Birmingham, supported by abrdn Financial Fairness Trust, conducted in-depth interviews with DC pension consumers and gained...

May 12, 2022

News2022, Financial Education, Income, System sustainability, UK

May 2022