June 2020
20Jun

Wealth Distribution and Retirement Preparation Among Early Savers

By: Alice Henriques, Lindsay Jacobs, Elizabeth Llanes, Kevin B. Moore, Jeffrey P. Thompson. This paper develops a new combined wealth measure using data from the Survey of Consumer Finances, by augmenting data on net worth with estimates of defined benefit (DB) pension wealth and expected Social Security wealth. We use this combined wealth concept to explore retirement preparation among groups of households in their pre-retirement years (40-49 and 50-59) and also to explore the concentration of wealth. We find...

June 20, 2020
Adequacy, Articles, Savings, ,
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20Jun

Returning to the Core: Rediscovering a Role for Real Estate in Defined Contribution Pension Schemes

By Debbie Harrison, David P. Blake, Tony Key The objective of the research was to analyse and evaluate the role of real estate in the UK’s defined contribution (DC) pensions market in relation to auto-enrollment – the new system of pension scheme provision for private sector employees in the UK, which is being phased in by all employers between October 2012 and 2018. The most important feature of auto-enrollment schemes is the ‘default fund’, which is the multi-asset investment strategy...

June 20, 2020
Articles, Pension design, ,
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19Jun

Estas son las modalidades de pensión más elegidas en fondos privados en Colombia

Si usted está afiliado a un fondo privado (AFP) y está cerca a pensionarse, es importante enterarse que en Colombia existen siete modalidades que aplican para las AFP en el país; las cuales fueron creadas con la expedición de la Ley 100 de 1993. Las más seleccionadas por las personas próximas a pensionarse son: pensión por retiro programado y pensión por renta vitalicia, modalidades que aplican para pensión por vejez, invalidez y sobrevivencia. Leer también Colombia. Así han retirado los...

June 19, 2020
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19Jun

República Dominicana. CONEP insiste dar el 30% de las AFP tendría “graves consecuencias”

El Consejo Nacional de la Empresa Privada (CONEP) alertó sobre las graves consecuencias que tendría para los trabajadores y para la economía nacional la aprobación definitiva del proyecto de modificación a la Ley 87-01 que busca adelantar el pago de un 30% de los fondos de pensiones a los trabajadores. Mediante un comunicado el CONEP reiteró que ante una crisis sanitaria de las dimensiones actuales los fondos de pensiones no deben ser utilizados como fondos de emergencia. La organización...

June 19, 2020
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19Jun

US. How The 2020 Elections Will Affect Your Retirement Plan—Regardless Of The Outcome

November may seem far off, but the 2020 election is right around the corner. With the current state of the country, we can expect a lot of changes to take place soon after the election, no matter what the outcome is. These changes will have huge impacts on Americans financially, so you’ll want to start preparing as soon as possible. It’s going to be taxing. We are on the heels of one of the largest stimulus packages in human...

June 19, 2020
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19Jun

UK. Coronavirus: Why the pension triple lock is back in the spotlight

At present, the state pension increases each year in line with the rising cost of living seen in the CPI measure of inflation, increasing average wages, or 2.5%, whichever of those three is highest. This is known as the triple lock, and it is a Conservative manifesto pledge for the five years of this Parliament. However, the technical aspects of state-paid wages during the coronavirus outbreak could lead to a big rise in the state pension if the government...

June 19, 2020
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19Jun

People in Germany are continuing to retire later and later

The average age at which people in Germany enter retirement has risen again over the past year, from 64,1 years in 2018 to 64,3 years in 2019. The age for women was particularly affected, mainly due to the Mother’s Pension II. Pension age for women rises sharply According to the German Pension Insurance Federation (Deutsche Rentenversicherung), the average age at which people start to draw their pensions has risen over the course of the last year. In 2018, the...

June 19, 2020
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18Jun

Chile. Retiro del 10% de fondos de AFP podría provocar un shock en el sistema

¿Qué pasó? Durante las últimas semanas, se ha reactivado el debate en torno a la posibilidad de permitir a los afiliados al sistemas de AFP retirar el 10% de los fondos previsionales, como medida de emergencia para contrarrestar la falta de recursos emanada de la crisis económica y sanitaria por coronavirus. Lo anterior, a propósito de un proyecto de ley presentado por un grupo de senadores de oposición que busca modificar la Constitución y establecer, primero, que cada...

June 18, 2020
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18Jun

Boris Johnson Has ‘No Plans’ to Scrap Key U.K. Pension Pledge

British Prime Minister Boris Johnson has “no plans” to abolish a politically sensitive election pledge he made to the U.K.’s pensioners, despite fears among government officials that the policy could be at risk in the pandemic fallout. Officials are aware that the pensions “triple lock,” promised by the last three Conservative prime ministers as a guarantee that retirement incomes will keep rising, may have to be reviewed, a person familiar with the matter said. Johnson’s spokesman played down the...

June 18, 2020
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18Jun

Japan Mulls Resubmitting Legislation to Raise Retirement Age of Civil Servants

Japanese Prime Minister Shinzo Abe's government will consider resubmitting legislation to raise the retirement age for civil servants, its top spokesman said on Wednesday, after public backlash prompted the withdrawal of draft legislation. During the parliamentary session that ended on Wednesday, the government abandoned its push to enact legislation that would raise prosecutors' retirement age to 65 from 63, and let the cabinet defer retirement of senior prosecutors for a further three years. Critics and others argued it would...

June 18, 2020
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