admin, Author at Pension Policy International

04AprApril 4, 2017

US. CFA Institute Blasts Senate’s Move to Block Auto-Enrollment Retirement Plans

The CFA Institute says moves by politicians to end automatic enrollment of some workers in retirement savings plans are misguided. The group shared its thoughts on Friday, a day after the Senate followed the House and passed a resolution to undo rules helping municipalities and states set up payroll deduction retirement plans that automatically enroll private-sector workers lacking access to such savings programs. Full Content: Think Advisor

April 4, 2017

NewsUS

04AprApril 4, 2017

México. CONSAR lanza nueva sección en internet “Todo sobre el retiro de recursos del SAR”

Como parte de la Estrategia de Educación Financiera emprendida por la CONSAR desde 2013, hoy se publica una nueva sección en la página de internet denominada “Todo sobre el retiro de recursos del SAR ”. Se trata de una nueva sección del portal de CONSAR que, por primera vez, concentra toda la información sobre los diferentes tipos de retiro que existen en el sistema de pensiones, con la finalidad de que los trabajadores realicen trámites en la AFORE de manera...

April 4, 2017

NoticiasMexico

04AprApril 4, 2017

Ultralow rate driving Japan’s public pension fund out of JGBs

The Bank of Japan's zero interest rate policy is forcing Japan's Government Pension Investment Fund to take on more risk via an increased portfolio allocation to stocks, as near-zero yields have made Japanese government bonds nonviable as core holdings. The GPIF aims to secure returns equivalent to the rate of wage growth plus 1.7 percentage points in order to make good on payouts. The fund overhauled its base asset allocation policy in October 2014 amid the reflation push by the...

April 4, 2017

NewsJapan

03AprApril 3, 2017

UK. Losing pension drives BMW workers to strike

UK workers employed at the BMW plants have voted to strike in a fight over pensions, the Unite union has announced. These workers employed for making Rolls-Royce and Mini engines are planning to strike as their final salary pension scheme is being closed. The union said the proposed order would mean that some UK workers "lose up to 160,000 in retirement income". Timeline 27 Sep 2016 BMW says come 2017 old pension schemes to close BMW, the German car giant announced its plans...

April 3, 2017

NewsUK

03AprApril 3, 2017

AFP en Chile administran bien, pero con ceguera a las expectativas de la gente

El año pasado fue aquel en que la industria de AFP tocó fondo y comenzó a vivir en peligro. El impacto acerca de las bajas pensiones dejado por el informe de la Comisión Bravo, el escándalo de los “jubilazos” en Gendarmería y la arremetida del movimiento No + AFP con sus multitudinarias marchas, abrieron una caja de Pandora para la industria. A esa tormenta perfecta se sumó la polémica por las fusiones de Cuprum-Argentum y Provida-Acquisition, además de la inédita propuesta...

April 3, 2017

NoticiasChile

03AprApril 3, 2017

UK. Pension schemes are a ‘material risk’ to FTSE 250

A significant number of British businesses are sitting on pension schemes that could represent a "material risk" to their business, a retirement consultancy has warned. An analysis of FTSE 250 accounts has found that 23 businesses - including the AA, Thomas Cook and Balfour Beatty - would have to withhold payments to shareholders for over two years if they needed to clear their pension shortfalls, compared to just seven in the FTSE 100. The study by JLT Employment Benefits also found...

April 3, 2017

NewsUK

03AprApril 3, 2017

México. Concientización, reto del ahorro para el retiro: Rubio

Vanessa Rubio, subsecretaria de Hacienda, señaló que el Sistema de Ahorro para el Retiro tiene una contribución tripartita donde participa el trabajador, el empleador y el gobierno. Señaló que quienes cotizan al Instituto Nacional del Seguro Social (IMSS) su contribución es de 6.5 por ciento de salario base y para quienes cotizan al Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE) es de 11.3 por ciento de salario base de cotización, la diferencia, explicó, radica en...

April 3, 2017

NoticiasMexico

03AprApril 3, 2017

The Future of Labour Is Not Pre-Determined

In the heart of the Agenda for Sustainable Development is the demand to end poverty worldwide. Decent work seems to be the best way to generate income for people worldwide under fair conditions. In 2017 according to calculations by the International Labour Organization (ILO), about 200 million people are unemployed, another 1.4 billion are underemployed. There is still a long way to go. Guy Ryder, the general director of ILO has found the time to discuss with DDD why...

April 3, 2017

News

03AprApril 3, 2017

Approximate Solutions to Retirement Spending Problems and the Optimality of Ruin

By Faisal Habib, Huang Huaxiong & Moshe A. Milevsky (York University) Milevsky and Huang (2011) investigated the optimal retirement spending policy for a utility-maximizing retiree facing a stochastic lifetime but assuming deterministic investment returns. They solved the problem using techniques from the calculus of variations and derived analytic expressions for the optimal spending rate and wealth depletion time under the Gompertz law of mortality. Of course, in the real world financial returns are stochastic as well as lifetimes, raising the...

April 3, 2017

Aging, Articles, RegulationLabor Market, Payout, Savings

03AprApril 3, 2017

Nudge for Good? Choice Defaults and Spillover Effects

By Claus Ghesla, Manuel Grieder & Jan Schmitz (ETH Zurich) Policy makers increasingly use choice defaults to promote 'good' causes by influencing socially relevant decisions in desirable ways, e.g., to increase retirement savings, charitable giving, or pro-environmental choices. Such default nudges are remarkably successful when judged by their effects on the targeted behaviors in isolation. However, there is scant knowledge about possible spillover effects of defaults on subsequent related choices. Theoretically, such behavioral spillover effects could amplify, eliminate or even...

April 3, 2017

Articles, Labor Market, SavingsBehavior, Public Policy

April 2017