December 2024
11Dec

Rising Pension Poverty in Germany: A Growing Number Below Minimum Living Standards

The issue of pension poverty is increasingly prevalent in Germany, with a significant portion of the elderly population receiving pensions that fall below the established minimum living standard. Recent statistics reveal that the situation is worsening, as more seniors struggle to meet their basic needs. As of the end of 2023, the minimum living standard for pensioners, as defined by the basic security benefits in old age, was set at 942 euros per month. Approximately 7.9 million individuals in Germany...

December 11, 2024
News, Slider, , ,
Read more...

November 2024
25Nov

Are You One of 38 Million Seniors Who Fear Your Retirement Income Won’t Be Enough? You’re Not Alone.

Social Security is one of the most crucial functions of the U.S. government. Last year, the program paid roughly $1.5 trillion to 68 million Americans, 51 million of whom were retired. Many of these retired Americans rely on the program for a significant portion of their incomes. Originally intended as one of three income sources for retirees along with employer pensions and personal savings, Social Security's role has grown as pensions have become rare for most. Many lower-income earners are unable...

November 25, 2024
News, , ,
Read more...

October 2024
21Oct

UK. DWP to give £812 to some benefit claimants

The Department for Work and Pensions (DWP) is providing a new loan scheme that offers people on benefits an additional £812 boost. This measure, launched by the government department, is designed to further support benefit claimants throughout this year. According to the DWP, recipients of the loan are not required to pay back the sum immediately. The Department has stated, "A Budgeting Loan is interest-free so you only pay back what you borrow. The repayments will be taken automatically from...

October 21, 2024
News, ,
Read more...
14Oct

US. What Does Inflation’s New Normal Mean for Public Pension Funds?

September’s Federal Reserve interest rate cut was meant to signal a win in the battle against inflation. With the highest inflationary peak in decades behind us, there was palpable relief at the idea of rates coming down. That may be especially true for public pension plan participants and plan sponsors. Over the past few years, more retiree groups have pushed for cost-of-living adjustments for their retirement benefits, as inflation eroded pension benefits. Some have been successful at getting ad hoc...

October 14, 2024
News, ,
Read more...

September 2024
11Sep

Argentine Congress Debates Milei Veto Of Pensions Increase

Argentina's Congress debates on Wednesday whether to overturn President Javier Milei's veto of a bill to increase pensions, amid heavy security due to a planned mass opposition protest. Milei, a budget-slashing libertarian, last week blocked an 8.1-percent pensions increase approved by both houses of Congress, which aimed to help cushion retirees in the South American country hit by annual inflation of 250 percent. The president claimed the measure was "manifestly in violation of the current legal framework as it does not...

September 11, 2024
News, , ,
Read more...
02Sep

UK. Third of retirees overspending amid rising cost of living

Nearly a third of UK adults have admitted to being ‘retirement overspenders’ due to the rising cost of living. Research by PensionBee also revealed 20 per cent of those aged over 55 have consistently spent more than they expected to during their retirements so far. With an additional 11 per cent admitting this had occurred early on in their retirement. Daily living expenses emerged as the largest financial burden for retirees, with 28 per cent citing it as their top item of...

September 2, 2024
News, ,
Read more...

August 2024
30Aug

Argentina police pepper spray pension protesters

People took to the streets of Buenos Aires after President Javier Milei announced he would block plans to raise pensions in line with Argentina's triple-digit inflation rates. Police used pepper spray on demonstrators and hit them with batons during violent clashes. The president announced his plans to veto the reforms tabled by the opposition-controlled Congress in a statement posted by his office on X, formerly Twitter. The statement claimed the bill's "only objective was to destroy the government's economic program".     Read more @bbc

August 30, 2024
News, ,
Read more...
23Aug

I’m 65 and have no pension – I’m stuck travelling the world forever

I’m officially homeless. For the first time in my life. At the age of 65. On 20 May, after putting all my worldly goods into storage, that’s what I became. By choice. Sort of. After owning property for over 30 years, both in the UK and Spain, I can no longer afford to live in the UK. I hold my hands up and admit I am responsible for the greater part of my debt. I’ve never been great with money. I...

August 23, 2024
News,
Read more...

May 2024
31May

Global top 300 pension funds. A Thinking Ahead Institute and Pensions & Investments joint study

By The Thinking Ahead Institute and Pensions & Investments The global top 300 pension funds is an annual study conducted by the Thinking Ahead Institute, in conjunction with Pensions and Investments. The research highlights high-level trends in the pension fund industry and provides information on how the characteristics of these top funds have changed. Get the report here

May 31, 2024
Books, Books, Pension Management, Reports, , , ,
Read more...
27May

UK State Pension expected to increase by over £650 next April, based on triple lock guarantee

Finance experts have predicted that the new state pension will increase by over £650 from next April, pushing it to just above £12,150 a year. This is based on the triple lock guarantee, which ensures the state pension rises in line with the highest of three measures - September inflation, May-July wage growth or 2.5 per cent. In April 2022, the state pension saw an increase of 10.1 per cent due to rampant inflation, followed by another substantial rise of...

May 27, 2024
News, , ,
Read more...