June 2022
16Jun

How to improve long-term planning for pension funds

The most difficult task for pension fund managers is to properly calibrate risk and return to make sure that pensioners earn a steady income after retirement. Today, this tradeoff is harder than ever. Since 1980, the average person’s life expectancy at retirement has increased by about four years, or one year per decade. This has resulted in greater liabilities for pension funds. In addition, bond yields have decreased to rock-bottom levels, which means that the dollars we save no...

June 16, 2022
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09Jun

Investment Choice in Collectivised Pensions

By John Armstrong & Cristin Buescu Investment choice is a central theme of UK pension policy. This paper shows how a collective pension fund can be managed in a manner that allows individuals to choose how their pension is invested and their schedule of pension payments. The potential benefit to investors of such a fund is quantified on the assumption that they choose to invest optimally. For our indicative choice of individual we find that they would need to invest...

June 9, 2022
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08Jun

UK. Women Need Extra 18 Years of Work to Equal Pension Savings as Male Peers, Survey Finds

Women would need to work an additional 18 years full-time to save the same amounts of money into their pensions as men, research suggests. Women aged 65 will typically have accumulated £69,000 in private pension wealth, compared with average men's savings of £205,800, according to workplace pension provider Now: Pensions and the Pensions Policy Institute (PPI). With women living on average four years longer than men, they need to save more throughout their lifetime to accommodate longer periods in retirement, the...

June 8, 2022
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03Jun

How the U.S. retirement system shortchanges the middle class

America has a vast and elaborate system of public policies supposedly designed to help us all save for retirement and avoid the catastrophe of a penurious and poverty-stricken old age. But does this system end up shortchanging the middle class that is the backbone of the country and the economy? That’s the accusation of a new report from the National Institute for Retirement Security, a nonpartisan think-tank. It’s hard to argue they’re wrong. Read also Governance Issues Loom Over US Pension...

June 3, 2022
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May 2022
30May

India. Donate-a-pension retirement plan finds few takers

The government's Donate-a-Pension initiative to build up a retirement kitty for unorganised workers, including domestic helps, has failed to garner enough responses. The number of beneficiaries enrolled under the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) scheme has slowed considerably in fiscal year 2022-23, strengthening the case for a major revamp of the initiative. Only 14,518 unorganised workers enrolled under the scheme between April 1 and May 25, government data showed, bringing average enrolment in a month to a little over 7,000....

May 30, 2022
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Why are LGBTQ+ investors different?
26May

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
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26May

The National Landscape of State Retirement Benefits. How Good Are Public Retirement Systems at Putting Employees on a Path to Retirement Income Security?

By Jonathan Moody & Anthony Randazzo  Retirement security is ultimately about retirement income. Families and individuals want to know that during their retirement years they will have enough weekly, monthly, or annual income to live comfortably and meet their basic needs. Of course, many people aspire to more than just the basics. Ask even a handful of individuals about how they want to live in retirement, and you’ll hear a wide range of preferences. Expenses can vary from family-to-family, too,...

May 26, 2022
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25May

A Comfortable Retirement Appears Out of Reach for Most in the U.S.

American workers say it will take $1.1 million on average to retire comfortably — but less than one in four figure they’ll be able to save that much. Just 22% of people approaching retirement age said they’ll have enough money to maintain a comfortable standard of living, according to the 2022 Schroders US Retirement Survey, down from 26% a year ago. The survey of 1,000 workers was conducted in mid-February, when the S&P 500 Index was higher than it is...

May 25, 2022
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24May

Bangladesh. Is a Universal Pension Scheme viable?

The role of an inclusive pension system in any society is increasingly important to ensure that future retirees will have sufficient funding to retain their standard of living at the end of their working life. However, the newly proposed Universal Pension Scheme (UPS) in Bangladesh, result of Awami League's 2018 election manifesto, is simplistic and grossly discriminatory. The scheme does not consider Bangladesh's unique financial and socio-economic context and will create further strain on the government's fiscal management. Even...

May 24, 2022
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People and Investor Attention to Climate Change
19May

People and Investor Attention to Climate Change

By Mauro Aliano, Franco Fiordelisi, Giuseppe Galloppo & Viktoriia Paimanova This paper empirically studies whether people and investors globally really see climate change as a major threat, as defined by United Nations Framework Convention on Climate Change. Our identification strategy aims to investigate two research questions: (1) whether people attention to Climate Change varies depending on local natural disasters and (2) how does the climate change attention affect the stock price of local firms and, thus, the investors’ trading behavior....

May 19, 2022
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