May 2018

23May

France. Furious protests break out in a ‘Day of Rage’ against President Macron’s government – and even police officers get involved

  Public sector unions protested across France against planned reforms by President Emmanuel Macron. Demonstrations in Paris were crashed by at least 100 youths dressed in black with ski masks and balaclavas. They threw bottles at police who charged at them batons drawn, supported by tear gas and water cannons. Protesters suspended protest against planned labour reforms until the mayhem was over later on Tuesday. Public sector workers, including police, are angry at planned job cuts and changes to pensions Read more @Daily Mail  

May 23, 2018
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23May

Investors may be deterred by shortcomings fighting corruption – EU

Governance shortcomings in the anticorruption framework may adversely affect the business climate and weigh negatively on investment, the European Commission said on Wednesday. “The effectiveness of Malta’s efforts to fight corruption needs to be further improved, especially with regards to the investigation and prosecution of corruption,” it warned in the country specific recommendations for the 2018 European Semester. Apart from updating from various previous reports, two specific recommendations were made: - Strengthen the overall governance framework by enhancing the national supervision of...

May 23, 2018
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23May

Nigeria. A pension scheme for informal sector operators

ARE you an architect, lawyer, actor, musician, business-man, trader, caterer, electrician, carpenter, cab driver, or a commercial motor cyclist? If yes, you will soon have an opportunity to save for your future under the Contributory Pension Scheme (CPS), courtesy of the Federal Government. How? The government through the National Pension Commission is planning to release a micro pension scheme that will enable self-employed persons and the informal sector to join the CPS. At present, the guidelines for the new scheme are being...

May 23, 2018
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22May

How Freelancers Can Save for Retirement — in 4 Easy Steps

For the millions of Americans who are now part of the growing gig economy, there are myriad benefits to eschewing traditional employment: flexible hours, geographic flexibility, and career autonomy, to name a few. Yet there are trade-offs too — especially when it comes to saving for retirement. Among full-time gig economy workers, seven in 10 say they are unprepared to maintain their current lifestyle in retirement, while fewer than one third are regularly setting aside money for retirement, according to a...

May 22, 2018
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22May

US. ‘Father of 401(k)s’ Says Big Changes Are Needed

When the “father of 401(k)s” talks about changes that are needed to these retirement programs that 54 million people in United States use, the industry should listen. “[I want] to challenge you to think more deeply about the future of this business and your role in it than you ever have thought of before,” Ted Benna, who received the first approval for a 401(k) defined contribution plan, told the audience as he gave a closing talk at the Envestnet Advisor...

May 22, 2018
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22May

México. Planea un camino financiero eficiente

Una vez que eres mayor de edad, empiezas a tener responsabilidades que nunca pensaste que te tocarían atender, especialmente, aquellas que tienen que ver con la planeación financiera. Por ello, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) creó un miniportal “Ahorro y Futuro. La aventura de mi vida”, el cual te ayudará a explorar y mejorar esta parte de tu vida que es indispensable para tomar mejores decisiones. Para iniciar, sólo tienes que entrar al link...

May 22, 2018
Noticias
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22May

Employees Have Other Financial Issues That Get in the Way of Retirement Readiness

Not having enough emergency savings for unexpected expenses is the most frequently cited financial concern for Millennial (48%) and Generation X (51%) employees, while not being able to retire when they want to is the most frequently cited concern among Baby Boomers (46%), according to the 2018 edition of PwC’s Employee Financial Wellness Survey. Among all respondents, more affordable health care is the top cited factor that would most help them achieve their future financial goals. However, one-quarter of respondents...

May 22, 2018
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22May

US. Government money should help solve this pension crisis

For those of you who do not think about pensions on a daily basis, multiemployer plans are private sector defined-benefit plans created by collective bargaining agreements between a labor union and two or more employers. They typically exist in industries with many small employers. While the majority of multiemployer plans are returning to financial health since the financial crisis, a substantial minority — covering about one million of the 10 million participants — face serious funding problems and could run...

May 22, 2018
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22May

Solving China’s Aging Population Problem

Why is China considering lifting its family-size limits? It may be simple math. By 2030, there will be more people age 65 and older than those 14 and younger. And there are signs its aging workforce may already be chipping into gains in productivity, with the increase in China’s output per hours worked at its lowest level since 1999. Read More: Bloomberg

May 22, 2018
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22May

How Public Pensions Can Start Healing Themselves

Our discussion last week about representatives of the League of California Cities urging CalPERS, the state’s huge pension fund for public employees, to juice up investment returns generated a lot of interesting feedback. It is clear that public-pension funds need some help. Rather than offer specific investment recommendations, I am going to make some suggestions to help them think about what they should be considering when reviewing their own portfolios. It is important for managers and public representatives to understand what...

May 22, 2018
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