May 2020
04May

Australia. How financial planning around super will likely change

Financial planning around superannuation may be forced to change as a result of the impact of COVID-19 and the efforts of superannuation funds to increase their cash holdings, according to actuarial research house, Rice Warner. It said superannuation funds are likely to keep high levels of cash well into the future for fear of a repeat of the Government’s COVID-19 hardship early release regime. In an analysis of the impact of COVID-19 on superannuation funds, Rice Warner has pointed...

May 4, 2020
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04May

Australia. How financial planning around super will likely change

Financial planning around superannuation may be forced to change as a result of the impact of COVID-19 and the efforts of superannuation funds to increase their cash holdings, according to actuarial research house, Rice Warner. It said superannuation funds are likely to keep high levels of cash well into the future for fear of a repeat of the Government’s COVID-19 hardship early release regime. In an analysis of the impact of COVID-19 on superannuation funds, Rice Warner has pointed to the...

May 4, 2020
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April 2020
24Apr

Does Retirement Affect Voluntary Work Provision? Evidence from England, Ireland and the U.S

By Peter Eibich, Angelo Lorenti, Irene Mosca Voluntary work is an important contribution for many non-profit organizations, such as charities, political and religious organizations. Older individuals make up a sizable share of the volunteer workforce, and volunteering is often regarded as an example of "active ageing". In this study, we examine whether retirement has a causal effect on the frequency of voluntary work provision in three English-speaking countries - England, Ireland and the U.S. We draw on data from...

April 24, 2020
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20Apr

US. We Need a New Social Contract for the Coronavirus

Our collective behavior will be the primary determinant of whether we can keep this virus in check. A team of infectious disease epidemiologists has calculated that we must reduce our social contacts by 65 percent from what they were before the virus started spreading. Everyone wants to get the country back to work, school, and together again as soon as possible. On Friday, the Trump administration announced it wants to do that in phases and allow each governor...

April 20, 2020
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20Apr

5 benefits this Singaporean system has over other pension systems

If you’ve wondered how CPF measures up with other countries’ pension systems. The CPF, or Central Provident Fund, is a social security scheme funded by contributions from both employers and employees. Read also India. No deduction in pension amid COVID-19 outbreak: Union Government It helps Singaporeans set aside savings for retirement, as well as for other important things like housing and healthcare. Read also IMF warns of global social unrest amid coronavirus pandemic What sets the CPF apart from other pension systems? Here...

April 20, 2020
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06Apr

European report suggests blockchain for welfare tracking

Government benefits and assistance might be more important now than ever. But even if you’ve been living under a rock, you know that holding government to account, and ensuring benefits reach their destination with minimal delay is important. A new report published by the European Foundation for the Improvement of Living and Working Conditions (Eurofound) highlights how blockchain technology, like Bitcoin SV (BSV), could make that process more efficient. The April 2 report looks into several emerging technologies, like...

April 6, 2020
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March 2020

20Mar

Pension Superpowers and Financial Markets in the Sino-American Century

By M. Nicolas J. Firzli In this primer published in the Feb. 2020 issue of Private Debt Investor (PDI), Nicolas J. Firzli, World Pensions Council, looks at how institutional asset owners will come to the fore in the new geo-economic context defined by renewed Sino-American "coopetition" across ASEAN countries, Australia, Eastern Europe and the MENA area, Brexit and the resurgence of one-nation conservatism in Britain, the slow, relative decline of the European Union and the secular rise of "Pension...

March 20, 2020
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13Mar

​Swedish Pensions Agency sees need for new pension savings scheme

The Swedish Pensions Agency (Pensionsmyndigheten) says it sees a need for a new type of private pension savings scheme, as some sections of the population should be putting more money away for retirement. In a report investigating this proposal, the authority said while the financial need for increased savings seemed to be low for most people in Sweden, there were nevertheless groups that needed to save more for their pensions. The agency said in a statement: “A private pension savings...

March 13, 2020
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09Mar

World Bank: Overcoming Major Barriers in U.S. Reverse Mortgage Market

Reverse mortgages have significant potential in serving aging parts of the global population, and can allow more seniors to make financial ends meet in retirement since loan proceeds can be applied to a multitude of scenarios. However, some key market realities and roadblocks with universal application to multiple parts of the world have kept reverse mortgages from flourishing in both well- and under-developed economies alike. This is according to a newly-published policy paper authored by researchers Peter Knaak, Margaret Miller...

March 9, 2020
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06Mar

Romania adds fourth pillar in the legal framework for pensions

Until February 2020, the Romanian legal framework regarding pensions followed the three-pillar model generally promoted by the World Bank. However, a recent enactment (i.e. Law no. 1/2020 on occupational retirement provisions) that entered into force on 7 February 2020, transposing Directive no. 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision, has introduced a fourth pillar into Romania’s legal framework on occupational retirement provisions....

March 6, 2020
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