December 2024
03Dec

Strong action is needed to make retirement systems more inclusive, resilient and innovative

The design and governance of asset-backed pensions should be enhanced to foster more inclusive and resilient systems, secure better outcomes for individuals and contribute to sustainable economic growth and innovation, according to new analysis from the OECD. Pension assets in OECD countries grew by 10% in 2023, reaching over USD 56 trillion, more than triple the level seen two decades ago. Total assets hit USD 63 trillion after adding pension reserve funds held by governments. The 2023 total is 5%...

December 3, 2024
News, , , ,
Read more...

November 2024
27Nov

Pension System in Ukraine: Citizens’ Perspective

Do citizens consider the pension system fair, and what would they like to change? How well do Ukrainians understand the pension calculation formula and the factors that affect the pension sum? How confident are citizens that the pension system will be able to provide them with a decent life in old age? What do people think about the introduction of mandatory funded pensions? We can answer these and other questions with the results of a nationwide survey on social...

November 27, 2024
News,
Read more...

October 2024
16Oct

Mercer CFA Institute Global Pension Index 2024

By Mercer, CFA Institute, Monash Business School The Mercer CFA Institute Global Pension Index benchmarks 48 retirement income systems around the world, highlighting challenges and opportunities within each. Vietnam was added to the mix this year. We used updated data from the OECD and other international agencies and added some new questions to the integrity sub-index. The index is made up of three sub-indices, namely adequacy, sustainability and integrity, to measure each retirement income system against more than 50 indicators. This...

October 16, 2024
Books, Books, , , ,
Read more...
16Oct

Higher Contributions, Net Replacement Rates Make World’s Best Pensions

Which countries have the best retirement systems? The Netherlands, Iceland and Denmark are the top three, according to the 2024 Mercer CFA Institute Global Pension Index. The top three were unchanged from last year’s report. The 16th annual survey benchmarked and compared the retirement systems of 46 countries, with a secondary purpose of highlighting shortcomings in each system and suggesting areas of reform. Among the characteristics present in the top-rated plans, the researchers identified: A public pension for the aged poor of at...

October 16, 2024
News, ,
Read more...

July 2024
12Jul

Global Pension Assets Study. 2024

By Thinking Ahead Institute The study covers 22 pension markets in the world (P22). They have pension assets of USD 55,688 bn. The P22 markets are: Australia, Brazil, Canada, Chile, China, Finland, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, South Africa, South Korea, Spain, Switzerland, UK, US. 91% of P22 assets are in the seven P7 largest markets. A deeper analysis is performed for the P7, with assets of USD 50,842 bn. P7 markets are: Australia, Canada, Japan,...

July 12, 2024
Books, Books, Reports, , ,
Read more...
10Jul

US Remains Biggest Force in Pension Realm, per Study

The U.S. continues to dominate the world’s pension system, according to a study by the Thinking Ahead Institute, a research organization sponsored by financial services giant WTW. As of year-end 2023, U.S. pension assets (both defined benefit and defined contribution) made up 63.9% of the globe’s 22 highest-value pension-providing nations, up from 56.5% 10 years before, the study indicated. That may have something to do with the large amount U.S. pension providers allocate to equities—42%—over a span when stocks did well. Among the...

July 10, 2024
News, ,
Read more...
08Jul

America’s pension system gets C+ rating, falling behind other countries

America’s pension system is failing to make the grade, according to a recent report from the Schwartz Center for Economic Policy Analysis. “The United States’ pension system consistently ranks below other comparable countries, getting a barely passing grade of C+ in both the 2022 and 2023 Melbourne Mercer Pension Index rankings,” according to SCEPA. Australia, Denmark and the Netherlands each scored grades of B+ or higher. The difference between the United States and those other countries is that mandatory contributions and simple pension management...

July 8, 2024
News, ,
Read more...

March 2024
01Mar

Lessons from the Pan-European Personal Pension product (PEPP)

By Hans van Meerten Europe has come up with legislation for a new individual pension product: the PEPP. This introduces an individual retirement account that can be rolled out in the entire European Union (EU). And can be offered to citizens worldwide. Europe – like most continents - is ageing at a rapid pace. In 2060, there will be two people at a working age for every pensioner, in comparison with four people at a working age at the present time....

March 1, 2024
Articles, Pension design, , ,
Read more...

December 2023
21Dec

The best and worst countries for pensions and retirement in Europe

Moving to another country to eventually retire requires a lot of careful research and planning, taking into account social security, health care, and finances. U.S. consultancy Mercer issues a closely-watched annual report that analyzes 47 different retirement income systems around the world — with European nations often coming out on top. In fact, three countries have dominated the Mercer CFA Institute’s global index since 2021. Namely, Iceland (a 84.6 average), the Netherlands (a 84.4 average) and Denmark (a 81.8 average) have...

December 21, 2023
News, ,
Read more...

October 2023
30Oct

Huge ethnicity pension gap revealed in UK figures

A UK individual from a minority ethnic background typically has a pension pot less than half the size of that belonging to the average white British saver, data reveal. The research from Legal & General’s investment arm claimed there was a sizeable “ethnicity pensions gap” in the UK that was being fuelled by “misconceptions” around pensions and a “significant distrust of employers”, as well as a lack of spare income. The average saver from a minority ethnic background has a pension pot of...

October 30, 2023
News, ,
Read more...