Pension design Archives - Page 21 of 41 - Pension Policy International

26MayMay 26, 2022

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

Adequacy, Books, System CharacterizationPension design, Social Security, State Pensions, US

25MayMay 25, 2022

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

News2022, Pension design, savings, US

24MayMay 24, 2022

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

News2022, Bangladesh, Pension design

19MayMay 19, 2022

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

Articles, Investing, Savings2022, Climate crisis, Corporate Governance, Pension design

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

May 2022