By Michael Pisa This brief essay explores a key but often overlooked hurdle to using blockchain solutions, which is the complexity that decentralized solutions necessarily introduce. At times, the benefits of such solutions appear to exceed the added cost of complexity but often they do not. With this tradeoff in mind, the paper considers two use cases, digital ID and health supply chain management. (more…)
By Courtney Coile (Wellesley College; National Bureau of Economic Research (NBER)), Kevin S. Milligan (University of British Columbia (UBC) - Department of Economics; National Bureau of Economic Research (NBER)) & David A. Wise (National Bureau of Economic Research (NBER); Harvard University - Harvard Kennedy School (HKS)) This is the introduction and summary to the eighth phase of an ongoing project on Social Security Programs and Retirement Around the World. This project, which compares the experiences of a dozen developed countries,...
“Todos tenemos sesgos emocionales y cognitivos a la hora de tomar decisiones”, afirma Jaime Martínez, director global de Asset Allocation (asignación de activos) de BBVA Asset Management, la gestora de activos del Grupo BBVA. “Esos sesgos emocionales y cognitivos son inevitables muchos de ellos. Por ejemplo, el efecto manada, que te dejes llevar por lo que hacen todos los demás. O el exceso de confianza, creer que eres más listo que el resto y solo considerar los argumentos o...
A un año de que cuatro Afores mexicanas fueran multadas por la Comisión Federal de Competencia Económica (Cofece), dos de ellas han incumplido con la sanción. En mayo de 2017, la Cofece impusó a las administradoras de fondos para el retiro (Afores) Sura, XXI Banorte, Principal, Profuturo GNP y a 11 personas una multa histórica de mil 100 millones de pesos. Esto, debido a que, tras una investigación que comenzó en 2015, se acreditó que, entre noviembre de 2012 y junio de 2014, directivos...
There is considerable opportunity to provide robo-advice to pensioners seeking affordable, accessible and personalised advice, according to GlobalData. The company’s 2017 Life & UK Pensions Survey found that 63 per cent of individuals accessing financial advice used it to discuss pensions, which usually was through visiting online platforms that provided automated advice. GlobalData pointed to the cheaper fees and ability to engage with services more frequently through robo-advice as key to its appeal to pensioners. Read more @Money Management
America's backup retirement plan is, well, work. More than one in three American workers are using the "gig economy" to find full- or part-time work, and for roughly one-third of that group, the side gig is specifically aimed at increasing their retirement savings, according to a new study by financial advisory firm Betterment. Perhaps not surprisingly, the older the worker, the more likely the side gig is aimed at building that retirement nest egg. Just 42 percent of those under...
I’m yet to see a zombie movie that portrays the most likely way that a post-apocalyptic world will play out: hungry pensioners roaming around; not yet dead, but no pension to keep them fed, looking for an arm to gnaw on. If you think I’m being disrespectful to elderly people, I’m not: that’s my future I’m talking about. Wednesday’s Royal London report, suggesting millennials need to save £260,000 for a pension, is exactly the sort of thing that could...
According to “Hong Kong Population Projections 2015-2064”, the number of elderly people, those aged 65 or older, in Hong Kong will reach 2.58 million by 2064, around 35.9 per cent of the population. The work force, those aged 15 to 64, will shrink to 3.92 million, or 54.6 per cent of the population). In 2014, the elderly dependency ratio was 198, meaning each elderly person was supported by 2.4 of working age. The ratio is projected to jump to 567...
Durante una reunión plenaria del Servicio de Supervisión Financiera celebrada el viernes 18 se planteó que la pensión de jubilación en Corea del Sur apenas equivale a un 39,3% de la renta vitalicia media de los receptores. Asimismo, solo un 24% de los surcoreanos cuenta con un plan privado de pensiones, al tiempo de registrar la mayor tasa de ancianos pobres de entre los Estados-miembro de la OCDE. La proporción entre la pensión y la renta vitalicia es muy baja en...
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