March 2023
16Mar

Zimbabwe. NSSA expedites informal sector programme as it decries paltry 24% population coverage

The National Social Security Authority (NSSA) has decried the fact that just a paltry 24% of the working population is entitled to the scheme’s coverage amid plans to expedite a pensions program for the informal sector. Millions of Zimbabweans are currently failing to qualify for pension subscriptions with NSSA because of rising informal companies which are easily evading subscription with the social authority. Speaking to media practitioners during the launch of the 2023 Insurance and Pensions Journalists Mentorship Program, NSSA acting...

March 16, 2023
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10Mar

Legal & General U.S. Gig Economy study

By Sir Nigel Wilson, John Godfrey & Edyta Borowy (Legal & General) The data was collected via online survey fielded to individuals sample sourced from YouGov’s US panel. The survey scripted and hosted on Gryphon, YouGov’s proprietary survey scripting platform and the field work took place between August 19 and 31, 2022. 1,044 surveys of freelancers and self-employed workers between 18 and 60 years old, non-student/non retired drawing 60% or more of their income from gig work were completed. Key...

March 10, 2023
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09Mar

Legal & General’s new report on women in the U.S. Gig Economy finds income disparity, multiple roles, worry about financial future

32% Average Pay Gap between male and female gig workers. A special International Women’s Day report in a broad new study sponsored by Legal & General Group (LGEN, LGNNY), U.S. Gig Economy Special Report: Tasked With Both Childcare and Earning, Women Fall Behind Their Male Counterparts, was released today. The report continues narrating original research on the changing U.S. workforce and the reluctance of so many to enter into traditional employment. The study looks into the diversity and differences as...

March 9, 2023
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03Mar

Pension Provision in Thailand

By Robert Palacios & Himanshi Jain This report documents the current state of pension provision in Thailand and options for reform that would increase the adequacy and sustainability of the pension system. While the focus here is on income support, the welfare of the elderly depends on many other government policies ranging from labor market policies to aged care and health services. It is also important to assess the pension system in terms of its broader impact on fiscal sustainability...

March 3, 2023
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February 2023
24Feb

Gustavo Petro, Colombia’s president, wants to smother the gig economy

On february 22nd fleets of taxi drivers went on strike and tried to block roads in over two dozen cities in Colombia. Their beef was with Gustavo Petro, the country’s recently elected left-wing president. They cheered when Mr Petro’s administration said that it was going to regulate transport apps, such as Didi and Uber, which are illegal in the country. But his government’s proposals, which were leaked in January, created uproar among ordinary Colombians: one draft suggested they would...

February 24, 2023
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23Feb

Leveraging Fintech To Drive Financial Inclusion: Strategies And Best Practices

Financial inclusion (i.e., the availability and accessibility of financial services for individuals and businesses) is a fundamental goal for governments and organizations around the world. Despite progress in recent years, there are still many individuals and communities that lack access to basic financial services such as savings and credit. Fintech, or financial technology, has the potential to play a major role in addressing this problem by making financial services more accessible and affordable for those who need them most. One...

February 23, 2023
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17Feb

Gig economy report 2022

By Pascale Moreau The balance between flexibility, autonomous working and social protection has been a long time discussion within the gig economy and its complexities have kept legislators busy in recent years. As a result, the draft European Directive on Platform work is one of the most discussed topics of the year. It introduces various criteria which - if applicable - could result in a legal presumption of employment for the worker. In this year’s PwC Legal’s 2022 Gig Economy...

February 17, 2023
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16Feb

Flexibility And Earning Potential, Two Lures Of The Gig Economy

We’ve been talking about the gig economy in the United States, which, by the end of 2022, had 70 million gig workers—the most in the world—and how this mode of working might tie in with inclusive capitalism. The choice to work freelance comes with pluses, as we found, and some minuses too. Most of the deficits take the form of the loss of financial security nets. Despite some isolated efforts on the part of U.S. lawmakers to give gig...

February 16, 2023
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02Feb

Most Kenyans lack a saving scheme – RBA

Close to 14 million workers mainly in the informal sector do not have any form of savings, according to the Retirement Benefits Authority (RBA). The authority is warns that this will have far reaching consequences in future as the number of poor retirees with no savings hits the streets. According to Jackson Ngotho, a director with RBA, close to 13.9m Kenyans have no form of savings towards their retirement, the majority being in the informal sector. He noted that of the 3.5...

February 2, 2023
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January 2023
26Jan

Ghana. SSNIT to launch informal sector inclusive campaign

The Social Security and National Insurance Trust (SSNIT) intends to launch a campaign to expand its coverage to include self-employed individuals. In an interview with KMJ on Prime Morning on Wednesday, the Public Affairs Manager of the institution, Charles Akwesi Garshong, revealed that every individual in the country is entitled to a pension. However, SSNIT is unable to capture everyone due to the low level of interest of people in the scheme. After negotiating with private sector stakeholders for the past years,...

January 26, 2023
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