February 2017

24Feb

New index to track Kenya’s pensions industry

At least 56 per cent of retirees in Kenya depend on their children for support or live in poverty despite making contributions to their pension schemes while in active employment, a study has disclosed. The study done by Lunar Odawa-Nguchu of Blossom Consulting Services reveals that the amount the retirees receive is inadequate to cater for their needs. He said while retirement planning needs to prepare individuals for life after paid work ends, not just financially, not all aspects such as...

February 24, 2017
News
Read more...
24Feb

‘Why should I end up with a smaller pension than a male colleague?’

Women receive substantially less in employer pension contributions than men, setting them up for a far poorer retirement, new research has found. It suggests the smaller contributions by firms mean female employees will end up with a pension pot worth an average £47,000 less than their male counterparts. Between 2013 and 2016, men benefited from employer pension contributions worth 7.8pc of their salary each year, compared with 7pc for women. Read More: HERE

February 24, 2017
News
Read more...
24Feb

UK, Canada sign fintech startup deal

The Financial Conduct Authority (FCA) in the UK has formed an agreement with the Ontario Securities Commission (OSC). The deal is designed to simplify the process for fintech startups from one market to access that of the other. As part of this bond, the FCA and OSC will collaborate by sharing information on regulatory issues, as well as information on emerging trends in the market. The FCA set up an innovation hub in 2014 with the intention of supporting new firms in...

February 24, 2017
News
Read more...
23Feb

Pensions, Retirement, and the Disutility of Labor: Bunching in Brazil

By Benjamin Thompson (University of Michigan) Abstract:      Elderly workers in developing countries face certain frictions, such as credit constraints, in their retirement decisions that may not be as common among their counterparts in the developed world, and these concerns may lead workers to work more or less than their preferred number of years. In this study, I firstly use regression discontinuity methods to show that a large fraction of urban male heads of households in Brazil (roughly 45%)...

February 23, 2017
Articles, Labor Market, Pension design, ,
Read more...
23Feb

Resultados de la Encuesta Nacional ¿Qué piensan los Millennials mexicanos del ahorro para el retiro?

En el marco del 20 Aniversario del Sistema de Ahorro para el Retiro (SAR), la CONSAR presenta hoy los resultados de la Encuesta Nacional denominada “¿Qué piensan los Millennials mexicanos del ahorro para el retiro?”. Dicha encuesta tuvo como objetivo identificar el conocimiento y las actitudes de la población mexicana entre 20 y 30 años en materia de pensiones y retiro. La importancia del estudio radica en que esta población no había sido estudiada antes en nuestro país bajo la...

February 23, 2017
Articles, Spanish
Read more...
23Feb

Savings Externalities in a Second-Best World

By Andrew T. Hayashi (University of Virginia) & Daniel Patrick Murphy (University of Virginia) Abstract:       The debate among legal scholars about individuals’ failure to save enough for retirement happens on a “micro” level. It focuses on the causes and consequences of undersaving from the perspective of individuals and analyzes how legal interventions, such as tax subsidies and nudges, can best address individual saving mistakes. This debate depends on certain assumptions about how the macroeconomy operates. When these assumptions...

February 23, 2017
Articles, Regulation, Savings, ,
Read more...
23Feb

Health, Health Insurance, and Retirement: A Survey

By Eric French & John Bailey Jones (Federal Reserve Bank of Richmond) Abstract:      The degree to which retirement decisions are driven by health is a key concern for both academics and policymakers. In this paper we survey the economic literature on the health-retirement link in developed countries. We describe the mechanisms through which health affects labor supply and discuss how they interact with public pensions and public health insurance. The historical evidence suggests that health is not the...

February 23, 2017
Aging, Labor Market, Pension design, ,
Read more...
23Feb

Una pensión mileurista valdrá en 2041 unos 600 euros y apenas se revalorizará, avisa un fondo vasco

Una pensión mileurista valdrá en 2041 unos 600 euros y apenas se revalorizará, avisa un fondo vasco Una pensión actual de mil euros equivaldrá a unos 600 euros en 2041 y apenas aumentará con el actual sistema de revalorización, pues si bien nominalmente se situaría en unos 1.700 euros en caso de seguir el ritmo de la inflación, con la fórmula vigente de subida del 0,25% se mantendrá en una banda de entre los 1.000 y 1.100 euros. Esta estimación...

February 23, 2017
Noticias
Read more...
23Feb

Los ‘millennials’ procrastinan con su ahorro para el retiro

Los millennials no son una generación apática, atípica ni rara cuando de ahorrar para el retiro se trata, simplemente no lo hacen porque necesitan recordatorios en su smartphone y hacer sus aportaciones voluntarias vía internet sin complicaciones, detalló el estudio que realizó la firma de análisis de mercado IPSOS México y la Comisión Nacional de Ahorro para el Retiro (Consar), '¿Qué piensan los millennials del ahorro para el retiro?' Entre sus planes más cercanos está emprender o trabajar por su...

February 23, 2017
Noticias
Read more...
23Feb

Rethinking Pension Reform (English Edition)

By Franco Modigliani & Arun Muralidhar This book, first published in 2004, presents an academic and a practical aspect on managing pension funds to clarify the global debate on social security. The authors establish the basic choices in designating any system to help policy makers develop the system that achieves their many objectives. They examine reforms in Latin America to highlight flaws and to estimate the true cost of these reforms and factors affecting these costs. The authors then...

February 23, 2017
Books, Books, Pension design, Regulation, System Sustainability
Read more...