admin, Author at Pension Policy International

11AprApril 11, 2017

UK Pensions minister: lifetime allowance is more than enough to retire on

The £1 million lifetime allowance (LTA) allows people to save four times what they need to reach an average retirement income, according to pensions minister Richard Harrington. Since 2011 the LTA has fallen from £1.8 million to its current level of £1 million. People who breach the £1 million limit over a lifetime face penalties of up to 55% when they receive their pension. The policy, which collected HM Revenue & Customs (HMRC) £126 million for the 2015/16 tax tear according to...

April 11, 2017

NewsUK

11AprApril 11, 2017

Australia’s Biggest Pension Fund Eyes US Infrastructure

President Donald Trump’s plan to fix America’s crumbling infrastructure with $1 trillion of private and public investment over a decade is drawing interest from 10,000 miles away. AustralianSuper Pty, Australia’s biggest pension fund with over A$100 billion ($75 billion) in assets, is eyeing the US market for infrastructure debt and equity investment prospects, said Mark Delaney, its Melbourne-based chief investment officer. “Anyone who has traveled to the US would say there are aspects of the infrastructure that could do with updating,”...

April 11, 2017

NewsAustralia

10AprApril 10, 2017

Bolivia. Federación sindical pide dinero de las AFP para minería

El ejecutivo de la Federación Sindical de Trabajadores Mineros de Bolivia (Fstmb), Orlando Gutiérrez, informó que ha solicitado al Gobierno que dinero de los fondos de pensiones (AFP) se invierta en el sector de la minería asalariada. Indicó que hizo ese planteamiento en una reunión que hubo esta semana con el ministro de Economía, Luis Arce, donde se tocó el tema de las pensiones. El dirigente sostuvo que los trabajadores aún tienen dudas sobre la rentabilidad de las inversiones que hacen...

April 10, 2017

NoticiasBolivia

10AprApril 10, 2017

President Trump Just Cost Americans Saving For Their Retirement $3.7 Billion

Donald Trump talked a big game on the campaign trail about standing up to big corporations and putting the interests of hardworking Americans first. But as president, Trump has repeatedly broken his promises – and now, he’s dealing a blow to Americans saving for retirement. In February, he set in motion a process to kill a common-sense rule that would keep financial advisers from siphoning off money from the clients who trust them. Right now, predatory financial advice cheats investors out...

April 10, 2017

NewsUS

10AprApril 10, 2017

We are Not All the Same: Key Law, Policy and Practice Strategies for Improving the Lives of Older Women in the Lower Mainland

By Canadian Centre for Elder Law (British Columbia Law Institute) In 2011 the Canadian Centre for Elder law (CCEL) started the Older Women’s Dialogue Project (OWDP) to identify and take action on barriers to the well-being of older women. While gender has a significant impact on life experience, research and policy analysis often renders older women invisible: feminist inquiry tends to focus on girls and women of child-bearing age and gender-neutral aging policy concentrates on the experiences of men. The...

April 10, 2017

Aging, Articles, Labor MarketRegulation

10AprApril 10, 2017

Closing Routes to Retirement: How Do People Respond?

By Johannes Geyer & Clara Welteke (German Institute for Economic Research) We present quasi-experimental evidence on the employment effects of an unprecedented large increase in the early retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension beneficiaries at the same time, if employment exits are successfully delayed. However, workers may not be able to work longer or may choose other social support programs as exit routes from employment. We...

April 10, 2017

Aging, Articles, Labor Market, RegulationLabor Market, Occupational Pensions, Sustainability

10AprApril 10, 2017

Time for Retirement ‘Selfies’?

By Robert C. Merton (Massachusetts Institute of Technology) & Arun Muralidhar (George Washington University) To address the looming retirement crisis, many governments are introducing new pension programmes tied to employment for uncovered workers (NEST in the UK and Secure Choice in some US states). These attempt to improve access to pensions, and continue a trend of transferring responsibility for retirement security from governments and employers (via defined benefit [DB] plans) to the individual (via defined contribution [DC] plans), as neither...

April 10, 2017

Articles, Labor Market, Pension design, RegulationAging, Behavior, Investment, Occupational Pensions

10AprApril 10, 2017

México. Afores captan 30% más ahorro voluntario

En el primer bimestre del año, las administradoras de fondos para el retiro (afores) registraron un mayor ahorro voluntario por parte de los trabajadores que destinan recursos para obtener una pensión, de acuerdo con información de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). De enero a febrero, las administradoras registraron 30,897 millones de pesos por concepto de ahorro voluntario, lo que significó un incremento de 30%, respecto de lo registrado en el mismo periodo, pero del...

April 10, 2017

NoticiasMexico

07AprApril 7, 2017

Brazil government sees no risk to austerity in pension reform changes

Proposed changes to the Brazilian government's pension reform proposal do not threaten an ongoing overhaul of government finances, the finance ministry said in a statement on Thursday. Brazil's real weakened and local stocks fell on Thursday over doubts whether President Michel Temer will be able to secure approval for a pension reform designed to rebalance the country's depleted accounts. Full Content: Reuters Remember to subscribe to our free weekly newsletter for more news or subscribe to our service to get unlimited access.

April 7, 2017

NewsBrazil

07AprApril 7, 2017

Democrats ask Trump to veto measure repealing city retirement plan rule

In a last-ditch effort, five US Senate Democrats are urging President Donald Trump to veto a resolution that would repeal a Labor Department rule designed to help cities launch retirement savings plans for low-income private-sector workers by exempting such programs from strict federal pension protection laws. In an April 5 letter that Reuters saw on Thursday, the lawmakers told Trump, a Republican, that killing the rule could harm more than 2 million Americans who would otherwise benefit from city-run retirement...

April 7, 2017

NewsUS

April 2017