admin, Author at Pension Policy International

20FebFebruary 20, 2023

69% of Workers Plan to Hold Down a Job in Retirement. For Many of Them, That’s Not a Choice.

Many of us are used to grinding out way through a job for many years because, well, that's sort of what we have to do. But it's also easy to see why the idea of working in retirement is unappealing to a lot of people. After all, you've held down a job your entire life. You deserve to enjoy a stretch of time when work doesn't come into the picture. But unfortunately, a large number of workers today may end up...

February 20, 2023

NewsAging, Retirement Planning, UK

20FebFebruary 20, 2023

Social Security Benefits: The Good and Bad News for Retired Workers in 2023

Social Security is a major source of financial well-being in retirement. Nearly 49 million retired workers received benefits in January, and about half of people aged 65 and older get at least 50% of their family income from Social Security. Given its importance, retired workers should try to stay informed on the program, and there have been several big changes already this year. Inflation scorched the U.S. economy last year, driving up the cost of gasoline, groceries, and other necessities...

February 20, 2023

NewsSocial Security, US

20FebFebruary 20, 2023

Tech Opportunities In Climate Change And An Aging Population

Tech opportunities in areas like 5-G, cloud computing, healthcare, and finance took up the last posting. This one examines opportunities in meeting two huge issues facing the world’s economies: the growing number of older retirees in populations and the big kahuna of climate change. Seldom do all the answers to these or any other problems lie in technological solutions, but tech certainly will have a role to play and a prominent one. The growing proportion of older people in the population...

February 20, 2023

NewsAging, Climate crisis, Technology

17FebFebruary 17, 2023

Gig economy report 2022

By Pascale Moreau The balance between flexibility, autonomous working and social protection has been a long time discussion within the gig economy and its complexities have kept legislators busy in recent years. As a result, the draft European Directive on Platform work is one of the most discussed topics of the year. It introduces various criteria which - if applicable - could result in a legal presumption of employment for the worker. In this year’s PwC Legal’s 2022 Gig Economy...

February 17, 2023

Books, Books, Labor Market2022, EU, Financial Inclusion, Informal Sector, Social Security

17FebFebruary 17, 2023

The Future of Global Retirement 2023

By Smart As perceptions of retirement shift across the world, in line with emerging technology and reforms to legislation, the industry needs to keep up and remain one step ahead. At Smart, we’re continuing to lead the way in research and development in this space, and as part of our mission, we’ll continue to share some of the insights we gain around the needs of savers across the world. In 2021, we launched our first ‘Future of Global Retirement’ report, taking...

February 17, 2023

Books, Books, Pension design2023, Financial Literacy, Retirement Planning, UK

17FebFebruary 17, 2023

EIOPA, Unit-linked Insurance and Polish Product Intervention: A Silent Regulatory Revolution?

By Lucie Škapová When the Polish financial market supervisor, Komisja Nadzoru Finansowego (KNF), notified its intention to prohibit certain unit-linked insurance products marketed in Poland, it created an unprecedented situation: for the first time, a financial market supervisor decided to trigger Chapter III of the PRIIPs Regulation and adopt product intervention measures in the insurance sector. If adopted, these measures would regulate not only the investment strategies of unit-linked insurance products offered in Poland but also their cost structure and...

February 17, 2023

Articles, Investment, Regulation2023, EU, Pension Management

17FebFebruary 17, 2023

Putting Labor’s Capital to Work for Labor: Restoring a Worker-Centric Vision of Fiduciary Duty

By David H. Webber This report has two goals: first, to illustrate how the legal concept of fiduciary duty, designed to protect worker retirement funds, has been captured and distorted in ways that harm workers. Second, to propose means of restoring fiduciary duty to its proper purpose. The state-level fiduciary duties addressed in this report govern the investment of up to $10 trillion in assets and directly shape the retirements of 26 million working-class Americans. They are also just about...

February 17, 2023

Articles, Labor Market2023, Defined Benefit, Pension Management, Public Pensions

17FebFebruary 17, 2023

What matters for annuity demand: Objective life expectancy or subjective survival pessimism?

By Karolos Arapakis & Gal Wettstein Objective life expectancy and subjective survival pessimism (defined as the difference between objective and subjective life expectancy) may both affect the demand for annuities. The question this project answers is: how do these two explanations contribute to annuitization decisions in practice? To explore this question, the analysis estimates regression models that include objective life expectancy, subjective survival pessimism, and other characteristics that are linked to annuitization decisions. The results show that, as one would...

February 17, 2023

Articles, Pension design2023, Labor Market, Private design

17FebFebruary 17, 2023

Colombia. ‘Ahorros de fondos privados de pensión son solo de los trabajadores’

En medio del debate público en torno a la seguridad social de los colombianos, la Asociación Colombiana de Administradoras de Fondos de Pensión y de Cesantía, Asofondos, que representa a las cuatro AFP (Colfondos, Porvenir, Protección y Skandia) que administran el ahorro propiedad de más de 18 millones de trabajadores, insistió en la necesidad de una reforma pensional que fortalezca un pilar solidario para los más necesitados, que sea sostenible en el tiempo y que esté basada en el...

February 17, 2023

Noticias, NoticiasColombia, Diseño de Pensiones

17FebFebruary 17, 2023

Argentina. Subirán las pensiones de ANSES

El ministro de Economía, Sergio Massa, y la titular de la Administración Nacional de Seguridad Social (Anses), Fernanda Raverta, confirmaron un nuevo aumento del 17,04% por la Ley de Movilidad, una medida que afecta a los haberes de quienes reciben las asignaciones, jubilaciones y pensiones a través del organismo previsional. Además, también anunciaron un nuevo bono de $45.000 para jubilados y pensionados, que estará fraccionado en tres partes de $15.000. Se trata de un bono que busca contener el bolsillo...

February 17, 2023

Noticias, NoticiasANSES, Aumento A Pensiones, Pensiones Argentina

February 2023