admin, Author at Pension Policy International

29JulJuly 29, 2022

‘How do you grow an economy without young people?’: What falling birth rates mean

Falling birth rates across nearly all the developed world – and now much of the developing world – have demographers like Paul Morland concerned. While the planet as a whole is projected to be home to 9.8 billion people by 2050 – up from 7.96 billion today – a vast number of countries, from within Europe to South-East Asia to the Americas, are dealing with decades of sub-replacement fertility, which means a total fertility rate (TFR) below the 2.1...

July 29, 2022

News2022, Aging, Labor Market

28JulJuly 28, 2022

Gender Pay Gap Report 2021: Reporting our progress

By Legal and General In 2021, we have once again seen a continued, progressive narrowing of our pay gap, from 26.6% to 24.1%. This progress reflects the focus we have applied over the past year to creating a more diverse workforce and a more inclusive workplace where everyone can succeed. In this report, we share our latest gender pay gap data and update stakeholders on the steps we’re taking to narrow the gap further. Monitoring and reporting the gap over...

July 28, 2022

Books, Labor Market2022, Equality, Gender Gap, UK

28JulJuly 28, 2022

The 2022 BlackRock Read on Retirement

By BlackRock Retirement savings isn’t always an even playing field, but as an industry we can seek better outcomes. That’s why we’ve reimagined our DC Pulse survey to provide a more accurate “Read on Retirement” and what it means for more and more people. The pandemic caused people to rethink what they need for retirement, and inspired employers to offer more strategies to help employees save for the short and long-term. Yet not everyone has access to a workplace plan, and...

July 28, 2022

Books, System Characterization2022, Gen Z, Millennials, Pension design, savings, US

28JulJuly 28, 2022

In a Highly Indebted Economy: Security Issues for the Asset-based China’s Reform and the Financial System

By Tianyong Zhou Since the start of the 21st century, all major global economies have been experiencing a shift to a model of low consumption, low interest rate, low inflation, low growth and high debt. China is no exception. This article argues that in the high-indebtedness economic model, the proportion of committed and guaranteed debt service credit is decreasing, while the proportion of asset-backed credit corresponding to debt is on the rise; and with respect to currency stability, the role...

July 28, 2022

Articles, System Characterization2022, China, Political economy, Public Pensions

28JulJuly 28, 2022

Trust and Retirement Preparedness: Evidence from Singapore

By Benedict S. Koh, Olivia S. Mitchell & Joelle H. Fong Trust is an essential component of the financial system, and distrust can undermine saving and economic growth. Accordingly, prior research has shown that survey responses to a question about ‘trust in people’ are associated with household willingness to invest in the stock market. Nevertheless, little is known about how trust shapes economic behaviors predictive of retirement preparedness. Our study draws on the Singapore Life Panel (SLP®), a high-frequency internet...

July 28, 2022

Articles, Investing, Savings2022, Financial Literacy, Risk, Singapore

28JulJuly 28, 2022

Wait Your Turn: Pension Incentives, Workplace Rules and Labor Supply Among Philadelphia Municipal Workers

By David McCarthy & Po Lin Wang Little academic work has examined the labor supply response to pension incentives at the intensive margin. We explore this issue using individual-level administrative and pension data for Philadelphia city employees, where workers have some choice about whether or not to perform overtime, which is pensionable. We document large variation across workers in the incentives to do overtime provided by pension rules. Although standard regressions show that worker overtime is positively associated with own...

July 28, 2022

Articles, Labor Market, Pension design2022, Defined Benefit, Public Pensions, State Pensions, US

28JulJuly 28, 2022

UK. Pensions gender gaps exist across several industries, research finds

Women’s pension savings at retirement are less than half the size of men’s, according to a financial services provider’s analysis of its workplace pensions data. Legal & General analysed more than 4.5 million defined contribution (DC) workplace pension savers. When looking at thousands of people who retired last year, it found that women had typically built a pot of £12,000 at retirement, while men had £26,000 put away. The findings did not take into account any savings which may be placed elsewhere,...

July 28, 2022

News2022, Gender Gap, UK

28JulJuly 28, 2022

U.S. House Votes to Restore Delphi Corp Salaried Pensions

The U.S. House of Representatives on Wednesday voted 254-175 to pass legislation that would restore the pensions of 20,000 salaried retirees of Delphi Corp., of which more than 5,000 live in Ohio. It’s the brightest sign yet for those workers whose pensions were assumed by the Pension Benefit Guaranty Corp. in 2009 when General Motors was steered through bankruptcy by the Obama Administration. The measure now moves to the U.S. Senate, which may take up the bill as early as today. Under...

July 28, 2022

News2022, Occupational Pensions, US

28JulJuly 28, 2022

Consar y Amafore, atentos a la venta de Afore Citibanamex

La venta de Citibanamex y con ello de su administradora de fondos para el retiro (afore) es parte de un proceso financiero que ni siquiera se define en México. No obstante, como regulador del Sistema del Ahorro para el Retiro (SAR) se debe de estar atentos y vigilar que se cumpla con la normatividad, comentó Iván Pliego Moreno, presidente de la Consar. “Hay límites establecidos en la ley del SAR para evitar, precisamente, que haya un concentración excesiva, entonces la...

July 28, 2022

Noticias2022, Administración de Pensiones, Mexico, Regulación

28JulJuly 28, 2022

South Korea pension fund says it is not driving won down

South Korea's national pension service, manageing the world's third-largest pension fund, said on Thursday its rising overseas investment was not a main driver of the won's recent weakening. "The fund is applying a strategic FX hedging strategy when the foreign exchange rate stands above a certain level," the National Pension Service said in a statement while responding to local media reports blaming it for the won's fall. Read more @Channel News Asia 465 views

July 28, 2022

News2022, Pension Management, Political economy, South Korea

July 2022