November 2017

06Nov

China’s pensioners to get customised mutual-fund products for stock investment

China’s pensioners will have a new channel to invest in the nation’s US$7.7 trillion stock market, as the securities regulator outlines requirements for asset allocations and holding periods for a new type of mutual fund serving retirees. Such funds should adopt a strategy of “stable asset allocations” and pursue a “long-term increase in asset values”, the China Securities Regulatory Commission (CSRC) said in a guideline published on its website, inviting public feedback. The new, customised funds can invest in fund-of-funds...

November 6, 2017
News, Slider
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06Nov

Namibia. Pension funds trustees challenged to enhance skills

Finance minister Calle Schlettwein on Friday said he understands that the skills and knowledge levels of trustees of retirement funds are inadequate. He said this in a statement read on his behalf by his executive assistant, Esau Mbako, at the launch of a book titled: “The manual on Namibian retirement funds and social security” by Manfred Zamuee. Schlettwein said the shortage of skills and knowledge of trustees of retirement funds needs intervention to empower them to understand their duties and...

November 6, 2017
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06Nov

IoM pension firm launches cryptocurrency services

Isle of Man-based corporate and pension service provider Optimus is to offer crypto-currency, block chain and Initial Coin Offering (ICO) services. Kerry Jones, senior manager responsible for leading Optimus’ fintech operations said the move was “not a wholesale change of direction but a logical extension of what we’ve been doing for years”. Optimus, which also has offices in Malta, said the IoM was the “fintech centre of choice” for digital currencies, ICOs and development of blockchain applications. Read more @International Adviser

November 6, 2017
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03Nov

What are the effects of expanding a social pension program on extreme poverty and labor supply ? evidence from Mexico's pension program for the elderly (English)

By Clemente Avila Parra & David Ricardo Escamilla Guerrero In 2013, Mexico's Social Pension Program for the Elderly was expanded by changing its eligibility threshold from age 70 to age 65. Using pooled cross-sectional data from Mexico's National Household Income and Expenditure Survey, the exogenous variation around eligibility age was exploited to uncover the causal effects of this expansion on extreme poverty and labor supply of the newly eligible population, and to explore potential transmission mechanisms. Applying quasi-experimental methods, results...

November 3, 2017
Articles, Labor Market, Pension design, Slider-Left, , , ,
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03Nov

What are the effects of expanding a social pension program on extreme poverty and labor supply ? evidence from Mexico’s pension program for the elderly (English)

By Clemente Avila Parra & David Ricardo Escamilla Guerrero In 2013, Mexico's Social Pension Program for the Elderly was expanded by changing its eligibility threshold from age 70 to age 65. Using pooled cross-sectional data from Mexico's National Household Income and Expenditure Survey, the exogenous variation around eligibility age was exploited to uncover the causal effects of this expansion on extreme poverty and labor supply of the newly eligible population, and to explore potential transmission mechanisms. Applying quasi-experimental methods, results...

November 3, 2017
Articles, Labor Market, Pension design, Slider-Left, , , ,
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03Nov

Framing the Future: Using Investment and Assurance Frames to Encourage Retirement Information Search

By Wiebke Eberhardt, Elisabeth Brüggen (Maastricht University), Thomas Post (Netspar), Chantal Hoet (Aegon) Many pension plan participants are inactive. They do not look up information on their retirement income and discover pension gaps too late to take action. We analyze how pension communication framing interventions motivate participants to acquire retirement income information. First, we show that classical loss frames (vs. gain) are an effective intervention, but also evoke negative perceptions and evaluations. Second, we develop new frames (assurance, investment) tapping...

November 3, 2017
Articles, Labor Market, Management
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03Nov

The Nation's Retirement System: A Comprehensive Re-Evaluation Is Needed to Better Promote Future Retirement Security

By Charles A. Jeszeck, Margie K Shields, Justine Augeri, Christina Cantor, Gustavo Fernandez, Jennifer Gregory, Adam Wendel, Seyda Wentworth (Government Accountability Office) The U.S. retirement system, and the workers and retirees it was designed to help, face major challenges. Traditional pensions have become much less common, and individuals are increasingly responsible for planning and managing their own retirement savings accounts, such as 401(k) plans. Yet research shows that many households are ill-equipped for this task and have little or no...

November 3, 2017
Aging, Articles, Labor Market, Regulation, , ,
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03Nov

The Nation’s Retirement System: A Comprehensive Re-Evaluation Is Needed to Better Promote Future Retirement Security

By Charles A. Jeszeck, Margie K Shields, Justine Augeri, Christina Cantor, Gustavo Fernandez, Jennifer Gregory, Adam Wendel, Seyda Wentworth (Government Accountability Office) The U.S. retirement system, and the workers and retirees it was designed to help, face major challenges. Traditional pensions have become much less common, and individuals are increasingly responsible for planning and managing their own retirement savings accounts, such as 401(k) plans. Yet research shows that many households are ill-equipped for this task and have little or no...

November 3, 2017
Aging, Articles, Labor Market, Regulation, , ,
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03Nov

Chile. El historial de negocios cruzados y sanciones de AFP Capital

Desde el año 2012, AFP Capital –la gestora que está en el ojo del huracán por la fiesta en un yate en Cancún– es parte del grupo Sura, el gigante financiero colombiano. Antes estaba en manos del grupo holandés ING, el que en 2008 había dado a luz a la tercera mayor gestora de fondos de pensiones cuando adquirió Bansander y la fusionó con la AFP Santa María. Ya en ese momento la AFP tenía mala reputación por sus prácticas...

November 3, 2017
Noticias
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03Nov

México. Las comisiones de las afores se mantendrán competitivas: Principal

Antes de que concluya el año, las administradoras de fondos para el retiro (afore) deberán presentar su propuesta de comisión que cobrarán el siguiente año a los más de 59 millones de trabajadores que ahorran para obtener una pensión a través de este instrumento financiero. Leopoldo Somohano, director general de Principal, comentó que en caso de que se apruebe la compra que buscan hacer de MetLife, sólo quedarían 10 afores; sin embargo, asegura que ello no influirá sobre la tendencia...

November 3, 2017
Noticias
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