April 2021
28Apr

US. What’s Happened to Retirement Expectations During the Pandemic?

More than a year after the start of the COVID-19 pandemic, workers are focusing on the future—including sizing up how their prospects for retirement have changed. For many, the pandemic hasn't harmed their finances and may have increased their ability to save, given fewer spending opportunities. Meanwhile, others found it necessary to withdraw funds from their retirement account so they could pay their bills. A Roller Coaster Year According to Fidelity Investments' 2021 State of Retirement Planning Study: 82 percent of workers in...

April 28, 2021
News, Slider, , ,
Read more...
26Apr

Multi-pillar pension systems can help EU address the ageing of European societies

Multi-pillar pension systems can help EU address the ageing of European societies Insurance Europe has today published its response to a consultation conducted by the European Commission on its green paper on ageing. Insurance Europe's contribution focuses specifically on the questions pertaining to pensions and long-term care, given the extensive expertise that insurers have in these areas. On pensions, the industry welcomes the Commission's efforts to boost adequacy in retirement income across Europe, as demographic changes are increasingly putting statutory pension...

April 26, 2021
News, Slider, , ,
Read more...
23Apr

Debate cycle by Observatory of European Systems of Complementary Social Pension Plans

The Observatory of European Systems of Complementary Social Pension Plans of the University of Barcelona, which was created a year ago, will launch its first dissemination activity for the audience on April 29. The activity is a debate cycle on complemenary social pension plans, that is, the set of actions to fulfil the public pensions from a private entrepreneurial and individual initiative. The first session of the cycle will talk about the latest recommendations on complementary social pension plans in...

April 23, 2021
News, Slider, ,
Read more...
14Apr

Zimbabwe. NSSA targets US$60 equivalent monthly pension payouts

The National Social Security Authority (NSSA) says it expects the minimum pension to be equivalent to US$60 by the end of the year payable at the interbank rate. The pensions authority, which recently announced a raft of measures to complement monthly pay-outs to its beneficiaries, has dispatched its state-of-the-art mobile clinic to the southern region to provide selected medical services to its pensioners. NSSA general manager, Mr Arthur Manase, said the medical surveillance clinic will be in the region for the...

April 14, 2021
News, Slider, ,
Read more...
13Apr

UK. Pension Superfunds: Bright Future or Flash in the Pan?

The Pension Superfund is an interesting development for employers and employees in the United Kingdom and is beginning to become relevant in all of Europe. Insurers have recently been given the green light to offer the superfund and several insurers are already putting this in place for their customers. These Pensions represent a new and highly regulated 'vehicle' designed to consolidate UK occupational Defined Benefit (DB) pension funds. The superfund is achieved using a novel new method that accepts bulk...

April 13, 2021
News, Slider, , , ,
Read more...
12Apr

What to Do (and Not Do) With a Target-Date Fund After Retiring

Target-date funds are a staple of employer-sponsored retirement funds, due in part to their ease of use. The funds adjust allocations over decades, starting with big equity exposures, then glide gradually into more fixed income. But some investors don’t stick with them, particularly after they retire. Thinking they can do a better job of managing their money than a target-date funds’ manager, some investors shift the money into individual retirement accounts where they invest in other types of funds. Is that...

April 12, 2021
News, Slider, ,
Read more...
09Apr

The U.K.’s policy on overseas pensions is costing Canadian taxpayers

"This is not a party matter," said Ian Andexser of Nanaimo, B.C., who heads the Canadian Alliance of British Pensioners. "This is a snub to Canada." And across the pond in England, Conservative MP Sir Roger Gale has come to the same conclusion: the government of which he is a member has acted "in very bad faith indeed" toward Canada. The matter angering both individuals is a British government policy that excludes U.K. pensioners who live mostly in Canada and Australia...

April 9, 2021
News, Slider, , ,
Read more...
01Apr

Latin America: A Growing Appetite for Alternative Assets

Preqin has launched its first Latin America-focused report. “Preqin Markets in Focus: Latin America’s Growing Appetite for Alternative Assets” explores the emerging market and trends paving the region’s future in the alternatives industry. With diverse challenges and opportunities unique to the economies and investors in the region, this report reveals how Latin America is leaving the global pandemic behind and expanding further into the world of alternative investments. Read also Guyana. IDB study calls for overhaul of pension system The region’s...

April 1, 2021
News, Slider, , , ,
Read more...

March 2021
27Mar

Retirees who pay the most in taxes make only $36,000 a year on average, study finds

Retirees who have the most money pay the most in taxes, according to a recent working paper, but they’re not necessarily rich. “Most of the tax burden is carried by the top quintile of households,” Anqi Chen, co-author and assistant director of savings research at the Center for Retirement Research at Boston College, told Yahoo Money. But “it's important to keep in mind that when we think about the top quintile of households — the top 20% — they're not...

March 27, 2021
News, Slider, , , ,
Read more...
26Mar

US. Single-Employer Plans Can Lower Target Returns to 4% and 5%

What can corporate allocators expect now that the pension relief bill has passed? For starters, they can target lower returns and pursue less risky investment strategies. Plan sponsors at single-employer pension plans can reduce their return targets to as low as 4% or 5%, versus higher targets of 6% or 7%, when they extend their amortization periods to 15 years as a result of the stimulus bill, according to calculations from asset manager Insight Investment. Earlier this month, several provisions passed...

March 26, 2021
News, Slider, , , ,
Read more...