Pension design Archives - Page 19 of 38 - Pension Policy International

19MayMay 19, 2022

UK. MPs urged to consider state auto-enrolment credits to combat gender pensions gap

State auto-enrolment (AE) contribution credits for career breaks could “radically change” the framework of occupational pensions and help reduce the inequality of the widening gender pensions gap, Hymans Robertson has said. In an open letter to the Work and Pensions Select Committee, Hymans Robertson partner, Chris Noon, argued that whilst the introduction of AE contribution credits would be a "significant cost" to government, time away from work is the biggest contributor to the gender pensions gap and needs to be...

May 19, 2022

News2022, Gender Gap, Pension design, Regulation, UK

18MayMay 18, 2022

How Healthcare Costs Can Affect Retirement Planning

People in their 50s, 60s and 70s wear many hats: taking care of elderly parents, financially supporting grown children, working full- or part-time and volunteering in their communities—all while managing their growing healthcare needs. Baby boomers have redefined retirement, and today it looks completely different than it did a generation ago. There are reasons for that: People who are of retirement age now face a greater number of post-work years because we’re living longer. Retirement might last decades. Americans who...

May 18, 2022

News2022, Healthcare, Pension design, US

18MayMay 18, 2022

Arab Pensions Conference grows into key regional platform

An eminent line-up of speakers from global think-tanks, government pension funds, regional financial institutions, actuaries, asset managers, insurers and HR leaders will take part in the Arab Pensions Conference in September. The sixth edition of the conference will be held on September 28 and 29 and hosted in Sharm El-Sheikh this year, in a move that will see the event, which first started in Bahrain, shifts to a different city within the Arab world every year. A one-of-a-kind event organised by...

May 18, 2022

News2022, MENA, Pension design, System Characterization

13MayMay 13, 2022

Are pension funds transparent enough about their investments?

The latest report from the UN’s Intergovernmental Panel on Climate Change, published in April 2022, made clear that the window for preventing the worst of climate change is closing fast. Plans already in place are not enough to limit global warming to 1.5C above pre-industrial levels, said the report, and more must be done to accelerate the energy transition. These efforts will require huge levels of capital. The UN has estimated that $90trn in infrastructure investment alone is needed by...

May 13, 2022

News2022, Climate crisis, Corporate Governance, Investment, Pension design

13MayMay 13, 2022

Why a Zimbabwean firm offers pensions denominated in cows

Kelvin chamunorwa’s mother was a middle manager at a bank in Zimbabwe. She worked there for 25 years, steadily contributing to a pension. But horrendous inflation, which reached an annual rate of 231,000,000% in mid-2008, wiped out her savings. When she retired, her pension was so small it was barely worth collecting. So Mr Chamunorwa, an actuary trained in Britain, started a company, Nhaka Life Assurance, to sell inflation-proof pensions to Zimbabweans. The pensions are not denominated in Zimbabwe dollars,...

May 13, 2022

News2022, Income, Payout, Pension design, Zimbabwe

05MayMay 5, 2022

Using dollars for change. Seven key insights into impact investing for 2022 and beyond

By FIDELITY Charitable Impact investing is the practice of making purposeful investments that generate financial returns, while also helping to achieve social or environmental benefits— exemplifying the idea of “doing well while doing good.” The idea of linking one’s investments and values has become increasingly popular in recent years, particularly as there are generational shifts in wealth from Baby Boomers to Gen Xers and Millennials. Younger generations bring a new mindset to their everyday decisions—seeking to align their choices with their...

May 5, 2022

Books, Investment, Reports2022, Climate crisis, ESG, Millennials, Pension design

02MayMay 2, 2022

UK. Divorcees often don’t understand pension implications – survey

No-fault divorce in England and Wales may lead to increase in separations – and financial problems One in six divorced people said they did not realise their pension could be affected by splitting up, a survey has found. More than a third said they made no claim on their former partner’s pension, according to the survey of more than 1,000 divorced people. The research, carried out for Aviva, found 8% of divorcees do not have their own pension savings – and had...

May 2, 2022

News2022, Pension design, UK

25AprApril 25, 2022

UK. Govt urged to consider flexible early access to state pension

The government should investigate offering flexibility for people to start taking their state pension up to three years early, but at a reduced level to make it financially fair, Aegon has stated. Responding to a call for evidence into how to set the state pension age in future, Aegon called for a radical overhaul to introduce new flexibilities that would “take state pensions a small step towards private pension freedoms” and support people with more flexible multi-stage lives. Aegon emphasised the...

April 25, 2022

News2022, Pension design, Retirement Age, UK

25AprApril 25, 2022

UK. One in five leaving retirement planning till aged 60

One in five people have said they would leave planning their retirement until they were aged at least 60, a survey by Hargreaves Lansdown has revealed. Hargreaves Lansdown warned that leaving retirement planning so late could be dangerous for savers, cautioning that the later planning is left the less time there is to make up any contribution shortfalls, which may limit choices. The client survey, which was carried out in January 2022 and consisted of 400 customers, also found that a...

April 25, 2022

News2022, Pension design, Retirement Planning, UK

21AprApril 21, 2022

UK. Union threatens to sue over Uber’s failure to offer ‘sharia compliant’ pension plan for Muslim majority workforce

The gig economy workers’ union has threatened to take Uber to court over its failure to offer a “sharia compliant” pension plan for its Muslim majority workforce. The App Drivers & Couriers Union (ADCU) has threatened to sue Uber for failing to provide a pension offering that complies with the tenets of Islamic beliefs, after claiming that the firm’s failure to do so breaches UK equality laws. The ADCU called on Uber to take action within the next 14 days to...

April 21, 2022

News2022, Coverage, Pension design, UK

May 2022

April 2022