Pension design Archives - Page 18 of 41 - Pension Policy International

28SepSeptember 28, 2022

How To Retire During A Bear Market

Imagine retiring in this market. A 60-year-old who owns a balanced fund—60% allocated to stocks, 40% to bonds—has seen the value of their investment drop by 18% so far this year. Soaring prices only makes matters worse. Not only does our 60-year-old have less wealth, but also their savings don’t buy what they used to. In fact, financial advisors say their clients have been more preoccupied with gas and food prices than the terrible stock market. “Inflation is the biggest issue...

September 28, 2022

NewsPension design, Retirement Planning

22SepSeptember 22, 2022

Pan-European Pension Product is now available in the first EU country

The European pension is now available to clients in Slovakia. It has a strict fee cap, is portable, and is bound by European legislation. Slovak fintech broker Finax is the first European company that became licensed to offer it. All residents of the European Union can open a pan-European Personal Pension Product (PEPP). It is not tied to employment or the place of work. Its goal is to provide the saver with an old-age income supplementing the state pension. Savers...

September 22, 2022

NewsFintech, Pension design, Slovakia

20SepSeptember 20, 2022

Pensions, with inflation soaring, 2022 will be the worst year to retire

What impact will inflation have on pensions? An answer comes from the tenth edition of Natixis IM’s Global Retirement (GRI) Index 2022. Analysis suggests that 2022 may be the hardest year to retire in recent history. This is due to a market environment that affects retirement savings. In practice, the high inflation rate will erode part of the capital set aside but the volatility on the markets as well as the low interest rates also weigh. These are the...

September 20, 2022

NewsPension design, Political economy, savings

14SepSeptember 14, 2022

Hispanic Americans deserve retirement security

By Maria French Originating in 1968 and enacted into law in 1988, National Hispanic Heritage Month is an opportunity to celebrate Hispanic Americans’ history and contributions and the influence they have had on American culture and society and to consider the future of the Latino community. Throughout modern history, Hispanic labor leaders like Cesar Chavez and Santiago Iglesias Pantin have contributed vastly to the labor movement by organizing workers and advocating for better pay and working conditions. Today, Americans with ancestry...

September 14, 2022

News, OP Ed, Op-EdLabor Market, Pension design, savings, Social Security, US

13SepSeptember 13, 2022

U.S. This is how much Social Security benefits are likely to rise next year

By Brett Arends Social Security beneficiaries could be looking at a very welcome bump of 8.7% in their benefits starting in January next year, if current trends continue. That hike would be the biggest since 1981, and would be worth an extra $144 a month for a retiree on the average monthly benefit of $1,656. These numbers are the latest projection from the Senior Citizens League, a nonprofit, and are based on the government’s inflation data over recent months. These are only projections,...

September 13, 2022

News, OP Ed2022, Pension design, Retirement Planning, Social Security, US

09SepSeptember 9, 2022

Rise of DC poses risks and challenges for future pensioners

Increasing reliance on defined contribution savings means the needs of future pensioners will be markedly different from those of previous generations, placing greater emphasis on the need for support, according to a new report. The report from the Pensions Policy Institute, published on September 8, explained that increasing reliance on DC pots as opposed to older defined benefit schemes results in “more complex” retirement finances that future pensioners will have to manage, and that these will require more active engagement...

September 9, 2022

NewsAdequacy, Defined Contribution, Pension design, savings

09SepSeptember 9, 2022

Are Retirement Planning Tools Substitutes or Complements to Financial Capability?

By Gopi Shah Goda, Matthew Levy, Colleen Flaherty Manchester, Aaron Sojourner, Joshua Tasoff, Jiusi Xiao We conducted a randomized controlled trial to understand how a web-based retirement saving calculator affects workers’ retirement-savings decisions. In both conditions, the calculator projected workers’ retirement income goal. In the treatment condition, it additionally projected retirement income based on defined-contribution savings, prominently displayed the gap between projected goal and actual retirement income, and allowed users to interactively explore how alternative, future contribution choices would affect...

September 9, 2022

Articles, Savings2022, Financial Literacy, Pension design, Retirement Planning

08SepSeptember 8, 2022

Jamaica. JMEA members to access VM pension scheme, special offerings

VM Pensions Management Limited has inked a deal which will see the business supporting member companies and employees of the Jamaica Manufacturers and Exporters Association (JMEA) get access to an approved retirement scheme (ARS) and a suite of other specially curated offerings. Through the partnership, the association’s members will benefit from enrollment in an affordable pension scheme, with premiums starting as low as $1,000; reduced rates and special access to corporate financing solutions, as well as financial coaching for companies...

September 8, 2022

NewsJamaica, Occupational Pensions, Pension design

02SepSeptember 2, 2022

How Gloomy is the Retirement Outlook for Millennials?

By Karen Smith, Richard W. Johnson Social, economic, demographic, and public policy shifts have made Millennial retirement security a pressing concern. Many recent trends threaten financial security for future generations of retirees. Male labor force participation pre-age 55 has slumped, men’s median earnings have stagnated, marriage and homeownership rates are falling, debt levels remain high, and out-of-pocket spending on medical and long-term services and supports are rising. Other trends are more encouraging, such as women’s higher earnings, the rise in...

September 2, 2022

Articles, Labor Market, Savings2022, Millennials, Pension design, Retirement security

30AugAugust 30, 2022

US. Q2 Market Losses Hard on Self-Directed 401k Balances

Self-directed 401k investors’ balances declined with the market in the second quarter of 2022, according to the latest edition of the Charles Schwab SDBA Indicators Report, an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs). The report, released today, found the average account balance across all participant accounts finished at $283,485 for the second quarter ending June 30, an 18.58% decrease year-over-year and a 14.62% decrease from the first quarter of 2022. The Q2 SDBA Indicators...

August 30, 2022

News2022, Pension design, US

September 2022

How To Retire During A Bear Market

Pan-European Pension Product is now available in the first EU country

Pensions, with inflation soaring, 2022 will be the worst year to retire

Rise of DC poses risks and challenges for future pensioners

Are Retirement Planning Tools Substitutes or Complements to Financial Capability?

Jamaica. JMEA members to access VM pension scheme, special offerings

How Gloomy is the Retirement Outlook for Millennials?

August 2022

US. Q2 Market Losses Hard on Self-Directed 401k Balances