September 2017

25Sep

Chile. “No+AFP” convocó plebiscito sobre sistemas previsionales

La Coordinadora "No+AFP" realizó este domingo la convocatoria oficial a un plebiscito sobre sistemas previsionales que se realizará el 29 y 30 de septiembre y el 1 de octubre. En la consulta los ciudadanos -personas mayores de 18 años y migrantes que tengan residencia por más de cinco años en Chile- son llamados a pronunciarse respecto de si prefieren seguir con el actual sistema de capitalización individual y administradoras de fondos de pensiones privadas o cambiar hacia un sistema de...

September 25, 2017
Noticias
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25Sep

Swiss voters reject raising women’s retirement age

Swiss voters rejected raising women’s retirement age to 65 in a referendum on Sunday on shoring up the wealthy nation’s pension system as a wave of Baby Boomers stops working. Authorities pushing the first serious reform of the pension system in two decades had warned that old-age benefits were increasingly at risk as life expectancy rises and interest rates remain exceptionally low, cutting investment yields. But it fell by a margin of 53-47 percent, sending the government back to the...

September 25, 2017
News, Slider
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25Sep

UK. Labour to offer some women earlier retirement option

Government changes to the retirement age have been "chaotic", shadow work and pensions secretary Debbie Abrahams will tell Labour's conference later. Many women who expected to retire at 60 must now work several years longer before receiving a state pension. Ms Abrahams will say her plan would mean pension security for thousands. Her change would benefit women born between 1954 and 1960. "This will ensure that those who have suffered the consequences of this government's chaotic mismanagement of the state pension...

September 25, 2017
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25Sep

Los suizos rechazan la reforma para el retiro

El ministro suizo de Salud, Alain Berset, su principal promotor, reconoció el revés de la ciudadanía a la reforma para las jubilaciones (53% de los votos en contra), pero advirtió que no fue una derrota “absoluta” y anunció que el Gobierno Federal “continuará el debate sobre nuevas bases”. “Los problemas no se solucionaron hoy. Es claro que luego de veinte años sin una reforma, es necesario encontrar un camino para sanear el primero y segundo pilar (del sistema de seguridad...

September 25, 2017
Noticias
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25Sep

India. A year on, still no decision on pension fund managers

On 17 September 2016, the Pension Fund Regulatory and Development Authority (PFRDA) invited fresh bids for managing funds for the private sector National Pension System (NPS). But a year later, the authority is yet to finalise the bids and issue fresh licences to the pension fund managers (PFMs) of NPS. In the interim, the managers continue to operate through an extension. “The request for proposal for the PFMs was valid till July. However, the regulator sought an extension of...

September 25, 2017
News, Slider
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24Sep

Pension Schemes, Taxation and Stakeholder Wealth: The USS Rule Changes

By Emmanouil Platanakis (University of Bath) & Charles Sutcliffe (University of Reading) Although tax relief on pensions is a controversial area of government expenditure, this is the first study of the tax effects of a real world defined benefit pension scheme - the Universities Superannuation Scheme (USS). First, we estimate the tax and national insurance contribution (NIC) effects of the rule changes in 2011 on the gross and net wealth of the sponsor, government, and 16 age cohorts of members,...

September 24, 2017
Articles, Management, Regulation, Savings, ,
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24Sep

Simplifying Choices in Defined Contribution Retirement Plan Design: A Case Study

By Donald B. Keim (University of Pennsylvania) & Olivia S. Mitchell (University of Pennsylvania; National Bureau of Economic Research) The growth and popularity of defined contribution pensions, along with the government’s increasing attention to retirement plan costs and investment choices provided, make it important to understand how people select their retirement plan investments. This paper shows how employees in a large firm altered their fund allocations when the employer streamlined its pension fund menu and deleted nearly half of the...

September 24, 2017
Articles, Investing, Labor Market, Savings,
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23Sep

Asset Management Market Study Final Decision: Market Investigation Reference (MIR) on investment consultancy services and fiduciary management services

By FCA This document sets out our final decision to make a Market Investigation Reference (MIR) in relation to investment consultancy services and fiduciary management services. Alongside our interim report of our Asset Management Market study we provisionally decided to make a MIR. We received a number of responses which we have carefully taken into account when reaching our final decision. In addition, the three largest investment consultants offered us a package of undertakings in lieu (UIL) of a reference to...

September 23, 2017
Articles, Books, Investing, Regulation
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22Sep

Using Behavioral Science to Increase Retirement Savings

By Andrew Fertig, Jaclyn Lefkowitz & Alissa Fishbane We all deserve a dignified retirement, yet for many of us saving enough remains an obscure, unrealized goal. In an ideal world, planning for our retirement would begin with our first job, continue throughout our working years, and end in sufficient savings for a comfortable future. This pathway may be possible for the few among us with employer-provided pensions, where someone else handles all the planning and saving. Yet trends in the retirement...

September 22, 2017
Articles, Investing, Savings, Slider-Left, System Sustainability, , , , , ,
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22Sep

El uso de las ciencias del comportamiento para aumentar los ahorros para el retiro

Por Andrew Fertig, Jaclyn Lefkowitz & Alissa Fishbane Todos merecemos tener un retiro digno; sin embargo, para muchos de nosotros ahorrar sigue siendo una meta difícil que no se cumple. En un mundo ideal, la planeación de nuestro retiro comenzaría en nuestro primer trabajo, continuaría a lo largo de todos nuestros años de trabajo y finalizaría con los ahorros suficientes para tener un futuro cómodo. Este camino es viable para las pocas personas que contamos con pensiones provistas por la empresa...

September 22, 2017
Ahorro, Artículos, Diseño de Pensiones, Envejecimiento Poblacional, Reportes, , ,
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