April 2021
23Apr

2021 Retirement Confidence Survey

By EBRI Greenwald Research The RCS is the longest-running survey of its kind, measuring worker and retiree confidence about retirement, and is conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research. The 2021 survey of 3,017 Americans was conducted online January 5 through January 25, 2021. All respondents were ages 25 or older. The survey included 1,507 workers and 1,510 retirees — which includes an oversample of roughly 500 completed surveys among Black Americans (252 workers and 253 retirees)...

April 23, 2021
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March 2021

“Pensions for women, the challenges ahead. International Women’s Day Selection of News and Research”

UK. Pension challenges women face will impact on their retirement 03/12/21 March 8 marks International Women’s Day and celebrates the social, economic, cultural and political achievements of women. Ghana. Low financial literacy responsible for low patronage of pensions by women and informal workers 03/12/21 A Compliance officer with the National Pensions Regulatory Authority (NPRA) says low financial literacy is the cause of low patronage of the pension scheme among women and people in the informal sector. Taking a workforce break to raise children...

March 12, 2021
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December 2020

11Dec

Time for U.S. to address savings crisis for workers

U.S. president-elect Joe Biden has sketched out ambitious plans to reinvigorate the pandemic-battered economy. But without addressing a festering savings crisis, efforts to revitalize the middle class are doomed to fail. The U.S. savings and retirement system is broken, and desperately needs an overhaul to give Americans an opportunity to build lifetime financial resilience. The economic ravages of a pandemic mean that a national conversation in the U.S. on change is imperative, starting with ways to move towards more universal...

December 11, 2020
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01Dec

German pension savings register growth

Evidence suggests that Germans have taken retirement saving more seriously in the last three years, with the amount of funds set aside for retirement growing as a percentage of total funds. The BVI, Germany’s trade body for fund managers, said the percentage of funds managed by its members for pension provision had grown from 40% three years ago to almost half of the total funds managed now. Funds managed by BVI members for retirement equalled €1,600 billion in the trade...

December 1, 2020
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November 2020

30Nov

How To Save For A Pension During Coronavirus

Retirement and pensions may not seem like pressing issues for young adults, but saving early can make a huge difference to your future finances. However, due to coronavirus, many young people are facing financial uncertainty and saving for a pension isn't exactly a high priority. If this applies to you, there are ways to save for a pension during COVID safely without worrying about losing money. Whether you're on a pension scheme through your workplace or you have a...

November 30, 2020
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20Nov

Millennials buck the trend when it comes to retirement planning

RETIREMENT planning is something that Millennials and Gen-Zers are taking seriously, says MHA Tait Walker Chartered Financial Planner, Leonard Birnie. While Leonard specialises in the retirement market, he says the focus has shifted and it’s now all about ‘lifestyle’ planning for today’s younger generations who know who they are, who they want to be, and with a bit of help, how to get there. He said: “The younger generations are no longer purely focused on what their future might...

November 20, 2020
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03Nov

Retirement Saving Is Hard Even For Those Who Can Afford It

Covid-19 has thrown a wrench in retirement planning. Rising unemployment, a volatile stock market and economic uncertainty are jeopardizing the ability of many families to plan for the future. However, even before the pandemic, saving for retirement was not easy. According to a U.S. Federal Reserve report from 2018, one in four non-retired households had no retirement savings at all, and more than 40% of non-retired adults said their retirement savings were not on track. Even for those households...

November 3, 2020
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October 2020

27Oct

US. IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More

How much can you save for retirement in 2021 in tax-advantaged accounts? How does $58,000 sound? The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2021. The basic salary deferral amount for 401(k) and similar workplace plans remains flat at $19,500; the $6,500 catch-up amount if you’re 50 or older also remains the same; but the overall limit for these plans goes up from $57,000 to $58,000 in 2021. That helps workers whose employers allow...

October 27, 2020
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22Oct

Estonia. Central bank chief: Pension reform will reduce public contribution to funds

Bank of Estonia chief Madis Müller says that many people in Estonia lack the ability or discipline to save, meaning the pension reform given the go-ahead by the Supreme Court on Tuesday will lead to both reduced pension pots and potentially higher taxation. "When the pension reform enters effect, people will be able to freely leave or join in the new year," Müller, who had opposed the reform bill when it passed the Riigikogu, told ETV news show "Aktuaalne kaamera" (AK)...

October 22, 2020
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20Oct

US. Employers Need to Reinvent Retirement-Savings Match

One of the building blocks of the U.S. retirement savings system is the employer match. If workers contribute to their retirement savings, 54% of employers will contribute as well, according to a recent report by the Plan Sponsor Council of America (PSCA). By helping people prepare for retirement, the match boosts the financial security of workers while giving employers additional workforce flexibility. The recession threatens to undermine the employer match as we know it. According to a survey by...

October 20, 2020
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