Pension design Archives - Page 14 of 39 - Pension Policy International

18JanJanuary 18, 2023

German government to set up foundation with up to €150bn for first-pillar pension reform

The German government plans to build a foundation under public law called Stiftung Generationenkapital to manage up to €150bn in assets in the long term for an equity fund to turn the first-pillar pension system into a partially funded platform based on the Aktienrente concept. The government will start to build the equity pension fund this year with starting capital worth €10bn, setting up a foundation that will “be anchored in law and independent from politics” to stabilise the first-pillar...

January 18, 2023

NewsGermany, Pension design

13JanJanuary 13, 2023

Long-Term Real Dynamic Investment Planning

By Russell J. Gerrard, Munir Hiabu, Jens Perch Nielsen & Peter Vodička When long-term savers plan for retirement they need to know their investment prospects in terms of real income (Merton, 2014). While inflation has traditionally been considered as a complication in financial analysis and financial practise, we obtain enhanced predictability and model fit if the real returns are targeted in conjunction with earnings-by-price minus inflation as predictor. For this latter case, we propose an investment strategy of updating the...

January 13, 2023

Articles, Investment2023, Inflation, Pension design

11JanJanuary 11, 2023

CDC schemes would have ‘weathered’ market turmoil

Aon said market turbulence would not have had an adverse impact on members’ benefits A ‘well-designed’ collective defined contribution (CDC) scheme would have withstood recent market turmoil, according to Aon. In an update to the firm's Collective DC in adverse markets paper, originally published in October 2020, Aon said an efficient CDC scheme would have been able to resist the financial turbulence in the markets throughout 2021 and 2022, without having a negative impact on members' benefits or their retirement outcomes....

January 11, 2023

NewsCDC, Pension design, Returns, Risk, UK

06JanJanuary 6, 2023

US. Financial Planning for Retirement: It’s More Accessible, but Be Careful

I’ve been writing and researching articles on finance and money for most of my career, and covering retirement for the past 15 years. But my wife and I haven’t picked a stock or mutual fund for our own retirement accounts since the late 1990s, or written our own retirement plan. For that, we rely on a financial planner. Hiring a planner is one of the smartest financial moves we have made. This type of advice was once a subset of...

January 6, 2023

NewsPension design, Pension Management, US

02JanJanuary 2, 2023

Dutch medical specialists: focus on healthy pensions

Medicine and finance can be seen as two very distant disciplines. Perhaps pension fund management is where the two disciplines find common ground. When it comes to pensions, a finance practitioner must be able to think and act with a long-term objective in mind and to put the well-being of its clients above everything else, as a healthcare professional would deal with a patient. That common ground is a strong foundation for Stichting Pensioenfonds Medisch Specialisten (SPMS), the pension fund...

January 2, 2023

NewsAging, Health, Pension design

29DecDecember 29, 2022

India. PFRDA proposes bringing gig workers into pension fold

India's pension fund regulator has recommended the federal government introduce a UK-like pension scheme for the country's gig workers, a move aimed at bringing about 90% of the overall workforce into the pension fold, its chairman told Reuters. The Pension Fund Regulatory and Development Authority (PFRDA), which manages over $102 billion in assets, has proposed that workers at food and cab aggregators be automatically enrolled into the National Pension Scheme (NPS), Chairman Supratim Bandyopadhyay said in an interview on Tuesday. The...

December 29, 2022

NewsIndia, Informal Sector, Pension design, Regulation

28DecDecember 28, 2022

U.S. New retirement account rules make it easier to tap savings early for emergencies

It will soon be easier for cash-strapped Americans to tap their retirement savings for emergency expenses. President Joe Biden is poised to sign a $1.7 trillion bill that amends rules related to so-called hardship distributions from 401(k) plans. The measures are tucked into “Secure 2.0,” a collection of retirement reforms attached to the overall legislative package, which will fund the federal government for the rest of the fiscal year through next September. The House and Senate passed the bill last week. Current...

December 28, 2022

NewsPension design, Regulation, US

27DecDecember 27, 2022

Germany. Companies Introduce Social Partner Model For Pensions

At first glance, the interest is extremely low: Of the 1,900 companies that the Federal Chemical Employers’ Association (BAVC) wrote to, only 50 had decided in favor of the new “Nahles pension” by the beginning of December. A rate of 2.6 percent. Nevertheless, Klaus-Peter Stiller, general manager of the association, is anything but disappointed. After all, the companies currently have other concerns in the energy crisis than adjusting their pension systems. “In this respect, the 50 companies that have...

December 27, 2022

NewsGermany, Occupational Pensions, Pension design

21DecDecember 21, 2022

Inferring Occupation Arduousness from Poor Health Beyond the Age of 50

By: Vincent Vandenberghe In the absence of a direct description of occupation arduousness, this paper shows how it can be inferred from poor health beyond the age of 50. Using retrospective lifetime data from the Survey of Health, Ageing and Retirement in Europe (SHARE) including the respondents’ professional career described with ISCO 2-digit, this paper finds a statistically significant link between many occupations and the risk of poor health beyond the age of 50. Next, we quantify the relative contribution...

December 21, 2022

Aging, Articles, Labor Market2022, Europe, Health, Pension design

05DecDecember 5, 2022

British government looks at pension rules to retain health workers

Britain's government is launching a consultation into how to amend pension rules for workers in the National Health Service to help retain more staff, at a time when the sector faces strikes over pay this month that could halt some procedures. The governing Conservative Party has long promised to sort out a health service which has struggled to recover after being stretched to its limits during the COVID-19 pandemic and now faces strikes by thousands of nurses and ambulance workers. "The...

December 5, 2022

NewsHealth, Pension design, UK

January 2023

German government to set up foundation with up to €150bn for first-pillar pension reform

Long-Term Real Dynamic Investment Planning

CDC schemes would have ‘weathered’ market turmoil

US. Financial Planning for Retirement: It’s More Accessible, but Be Careful

Dutch medical specialists: focus on healthy pensions

December 2022

India. PFRDA proposes bringing gig workers into pension fold

U.S. New retirement account rules make it easier to tap savings early for emergencies

Germany. Companies Introduce Social Partner Model For Pensions

Inferring Occupation Arduousness from Poor Health Beyond the Age of 50

British government looks at pension rules to retain health workers