June 2018

04Jun

Management and Regulation of Pension Schemes: Australia a Cautionary Tale (Routledge Research in Finance and Banking Law)

By Nicholas Morris Perhaps the greatest long-term challenge facing modern economies is how to pay for the living expenses and care costs of the elderly. Following policy decisions made in Australia in the 1990s, a substantial part of the pension requirements of the next cohort of retirees will be met from savings accumulated during working years. The effective management of these savings is crucial. If they are invested wisely, the assets available to fund pensions and care will grow; if...

June 4, 2018
Books, Management, Pension design, Regulation, ,
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04Jun

Towards an Equitable and Sustainable Points System. A Proposal for Pension Reform in Belgium

By Erik Schokkaert (Catholic University of Leuven (KUL)), Pierre Devolder (Catholic University of Louvain), Jean Hindriks (University of London - School of Economics and Finance) & Frank Vandenbroucke (University of Amsterdam) We describe the points system as proposed by the Belgian Commission for Pension Reform 2020–2040. Intragenerational equity can be realised through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for...

June 4, 2018
Articles, Pension design, Regulation, , , ,
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04Jun

Flexible or Mandatory Retirement? Welfare Implications of Retirement Policies for a Population With Heterogeneous Health Conditions

By Zhenhua Feng (Tsinghua University - Institute of Economics), Jaimie W. Lien (The Chinese University of Hong Kong (CUHK) - Department of Decision Sciences & Managerial Economics) & Jie Zheng (Tsinghua University - School of Economics & Management) A flexible retirement policy has often been proposed as a solution to address the social dilemma of individuals in the population having different desired retirement ages. We analyze such a policy in an overlapping generations general equilibrium framework, where individuals differ in...

June 4, 2018
Articles, Labor Market, Regulation, , ,
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04Jun

Age Discrimination in European Employment Law: Problems and Potential Reforms

By Dáire McCormack-George (School of Law at Trinity College, Dublin) Irish employment equality law is driven by European Union policy. However, the law on age discrimination in employment is currently in a deeply worrying state. In this essay, I will make two arguments in relation to the case law of the Court of Justice of the European Union on the lawfulness of mandatory retirement ages. First, I will argue that the case law of the Court is, in the main,...

June 4, 2018
Aging, Articles, Labor Market, Regulation, ,
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01Jun

Chile. Asociación de AFP: “No sería buena idea obligar a los jóvenes a financiar pensiones de los mayores”

Los jóvenes están entrando al sistema de pensiones a los 27 años, mientras en 1981 lo hacían a los 20 años, lo que implica que por empezar a cotizar 7 años más tarde, el fondo acumulado al momento de pensionarse podría llegar a ser 33% menor, según un informe dado a conocer este jueves por la Asociación de AFP. El documeno agrega que la cotización y la remuneración son determinantes directos de la pensión porque el 43% de la pensión...

June 1, 2018
Noticias
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01Jun

US. Gig Workers’ Retirement Prospects Look Dim

What will retirement look like for gig workers? It isn’t a pretty picture, according to preliminary research presented by Jack VanDerhei, research director of the Employee Benefit Research Institute, at a policy forum earlier this month. In the worst-case scenario, the potential impact on national retirement income adequacy is staggering: The nation’s overall net retirement savings surplus at retirement age would decrease by $2.2 trillion (in 2018 dollars). And the retirement savings shortfall for those who run out of...

June 1, 2018
News, Slider
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01Jun

Jamaican Minister In Favor of Private Pensions Industry

The Minister without Portfolio in Finance and Public Services in Jamaica, Fayval Williams, expressed herself in favor of an alleged potential for the private pensions industry. In her opinion, this variant could stimulate sustainable economic growth; however, in several countries such as Colombia, Spain or South Africa has generated scandals, because non-state funds have gone bankrupt and taxpayers lost all their savings. According to the official, pensions represent an asset of approximately 521 billion dollars (until December 2017), which is equivalent...

June 1, 2018
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01Jun

Retirement Interventions

The third anniversary of pension freedoms has triggered a number of reports and suggestions on how well it is working and what more needs to be done. The latest from the ABI concludes that while consumers are on the whole making reasonable decisions there are warning signs which should not be ignored. As a result it proposes 5 “interventions” which are targeted at changing consumer behaviour and which it believes will improve consumer outcomes. Read More: Actuarial Post

June 1, 2018
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May 2018

31May

España. Así quedan las pensiones ligadas al IPC

Este miércoles, el Instituto Nacional de Estadística (INE) ha facilitado el dato de inflación anual estimado en mayo de 2018, situándolo en el 2,0%. La inflación ha escalado un 1,4% en lo que llevamos de año. Se trata del mayor repunte de los últimos 13 meses. De cumplirse esta previsión, el IPC interanual encadenaría 21 meses en positivo. El acuerdo forjado entre el gobierno de Mariano Rajoy con el Partido Nacionalista Vasco (PNV), pasa por aumentar las pensiones un 1,6%...

May 31, 2018
Noticias
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31May

Which of the three pillars of retirement is most important for you?

Saving for retirement is an important, yet often neglected financial goal. Some don't pay much heed to it thinking it is years away and some salaried individuals find comfort in the fact that a portion of their salary is directed towards the Employees' Provident Fund (EPF). However, depending solely on your EPF contribution for post-retirement earnings is not a good idea. To help with retirement savings, traditionally, in any country, there is a three-tier or three pillar retirement fr .. Read...

May 31, 2018
News
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