January 2018

Insurers adapting to ageing Hong Kong and China with policies that cover longer lives

Ageing populations in Hong Kong and mainland China are leading the insurance industry to extend the age range of life products and to include cover for more diseases and for mental illness, according to a senior executive at reinsurer Swiss Re. Robert Burr, the managing director and head of life and health reinsurance client markets in Asia, told the South China Morning Post in an interview that statistics showed 25 per cent of people born today would be able to live to...

Charity warns Ireland’s ageing population will ’impact every part of Irish life’

The number of older people in Ireland will go from half a million to a million and a half over the next five years. Charity for older people ’ALONE’, is warning that this will increase pressure on services like healthcare, transport and housing. CEO of ALONE, Sean Moynihan says they plan to dramatically increase their staff to help support our ageing population. He said: "It’ a big task and I think we’re an ageing population. "People need to realise this is going...

India. New fund managers and more incremental reform in pensions

The year 2017 saw some important developments in the pension sector, which is dominated in India by the Employees’ Provident Fund (EPF) and the National Pension System (NPS). As any development in the sector impacts the savings of millions of individuals, even a minor change goes through many deliberations, and could take time. The developments in withdrawal rules, taxability and ease of operation, in 2017, too were incremental in nature. Similarly, no single big bang change is expected in 2018....

Argentina. El FMI elogia el ajuste, pero pide más recortes

Para el Fondo Monetario Internacional (FMI) el ritmo que le imprime el gobierno al ajuste es todavía moderado, por lo que recomienda que se aceleren los cambios en materia laboral, previsional y tributaria. “La reducción del gasto público es esencial, especialmente en las áreas donde aumentó muy rápidamente en los últimos años, en particular los salarios, las pensiones y las transferencias sociales”, reclamó el organismo en su informe “Conclusiones de 2017”, tras la consulta del Artículo IV que tuvo...

España. El récord en recaudación no cubrirá el gasto en pensiones

España ha logrado en 2017 un récord de recaudación pero se antoja insuficiente para cubrir el gasto de las pensiones. El tiempo está demostrando que sólo con recaudar no es suficiente para mantener el sistema actual. ¿Cuál es la situación actual? "Estamos ante una situación límite en la que dentro de 20/30 años la desproporción entre gente cotizando y jubilados será enorme (por la longevidad) y la precariedad laboral con sueldos míseros igual", sentencia Víctor Perez Díaz, presidente del Comité de...

Japan. ESG investing for innovation

By Peter David Pedersen I imagine most people know about the U.N.’s Sustainable Development Goals and, possibly, ESG investment. From working as a strategic advisor on corporate sustainability in Japan since the mid-1990s, I feel these two concepts represent major drivers of innovation for businesses across the world. ESG investment is a global movement that picked up speed around 2006, when the Principles for Responsible Investment (PRI) were launched at the New York Stock Exchange with more than 100 institutional investors as...

December 2017

Role of Public Employee Pensions in Contributing to State Insolvency and the Possibility of a State Bankruptcy Chapter

By Professor United States Congress Role of public employee pensions in contributing to state insolvency and the possibility of a state bankruptcy chapter hearing before the Subcommittee on Courts, Commercial and Administrative Law of the Committee on the Judiciary, House of Representatives, One Hundred Twelfth Congress, first session, February 14, 2011. (more…)

An Inquiry Into the Legality of Pensions on the Irish Establishment

By Alexander M'Aulay Excerpt from An Inquiry Into the Legality of Pensions on the Irish Establishment Thus, it moft evidently appears, that not only the Iri/b temporary Duties, but alfo the 17% (bit Rents and crown-rents and the Irifl) Hereditary Duties whieh are granted by Act of parliament, are all, the public, unalienable Revenue of the Crown, limited to public Ufes. (more…)

Welfare State Reforms Seen from Below: Comparing Public Attitudes and Organized Interests in Britain and Germany

By Bernhard Ebbinghaus,‎ Elias Naumann Studying the political economy of welfare state reform, this edited collection focuses on the role of public opinion and organized interests in respect to policy change. It highlights that welfare states are hard pressed to reform in order to cope with ongoing socio-economic and demographic challenges. While public opinion is commonly seen to oppose welfare cuts and organized interests such as trade unions have tended to defend acquired social rights, this book shows that there...

Man Vs Money: Everyday Economics Explained

By Stewart Cowley Economics expert Stewart Cowley distils the complexities of modern-day money and our relationship with it, explaining how you can use economics to your advantage and that understanding economics can improve your life. Along the way you will discover how the statistics that govern our world are based on guesswork, why stock markets are like a wandering drunken man, what you need to live like a millionaire, and why cooking has made man the dominant species on the planet. Where...