June 2019

18Jun

Nigeria: Going Beyond N9tr Asset With Pencom’s Micro-Pension Plan

A significant growth in the pension industry's asset size beyond the current value of N9.03 trillion is a new target. But it is riding on the expected success from the extension of the Contributory Pension Scheme (CPS) to the informal sector, while the flexibility of the operation is one of the incentives to encourage participation. The National Pension Commission (PenCom) would drive this new target with Micro Pension Plan (MPP), which allows the informal sector contributors under the CPS...

June 18, 2019
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18Jun

UK. Millions at risk of retiring on incomes below living wage

Pensions providers have been called on to do more to encourage people to save for their retirement as estimates suggest millions of people are at risk of retiring on incomes far less than the current “national living wage”. Since the introduction of automatic enrolment in 2012, which obliged employers to auto-enrol qualifying staff in workplace pensions, some 10 million people have started saving, many of whom would not have done so before. A minimum of 8% of pensionable earnings...

June 18, 2019
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18Jun

Brazil: The battle over pensions

The government’s difficulties are emerging clearly, with the weakness of its parliamentary group, stuck between the unpopularity of the reform and the clientelist pressures of the parties of the centre, unable to show their support for Guedes’ proposal. So, the visit of the minister ended in noisy confusion and an exchange of insults. The embarrassment of the minister representing the banking sector in the Commission led to a fall in capital markets. The next day was marked by the...

June 18, 2019
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18Jun

Pension funds’ fixed income allocations losing ground in growth markets: report

In Africa, Asia, Latin America and the Middle East, pension funds are increasing their exposure to equities at the expense of fixed income, according to a new report by Mercer. In aggregate, over the five-year measurement period, average allocations to equities for the growth markets covered by the report rose eight percentage points to 40 per cent, while fixed income allocations decreased 11.3 percentage points to 45.6 per cent. Allocations to alternatives, cash and other asset classes, which accounted...

June 18, 2019
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17Jun

Demografía y destino: la caída de la natalidad en Uruguay no es un fenómeno irreversible

Los norteamericanos suelen decir que "la demografía es el destino". Esto signica que las tendencias demográcas de un país o región determinan en gran medida su futuro. Podemos vaticinar que, de mantenerse las actuales tendencias demográcas, Uruguay se encamina hacia un futuro muy difícil. Simplicando un poco, se puede decir que una población cerrada (sin emigración ni inmigración) necesita una Tasa Global de Fecundidad (TGF) mínima aproximada de 2,1 hijos por mujer para mantenerse constante a largo plazo. Pues...

June 17, 2019
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17Jun

G-20 Put Global Aging On The Agenda, But Did They Define Longevity As A Problem, Or An Opportunity?

The G-20, the world’s finance ministers and central bankers, are meeting in Japan. In keeping with the backdrop of Japan, the nation with the world’s fastest-aging population, global aging has made its way to the front of G-20’s agenda. Japanese Finance Minister Taro Aso is quoted as warning the world’s financial decision makers that they must act now to take “effective measures against it.” Those who are invested in making the world a better place for older adults have...

June 17, 2019
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17Jun

How to take advantage of all the uncertainty with the stock market

As the stock market swings amid tariff and trade war threats, you might get nervous about the effects on your 401(k) or other investments. But a shaky market is no reason to stray from your financial plan. Behavior at the end of 2018 is a striking example. As the market soured in the final months of the year, investors pulled funds to mitigate losses, according to DALBAR's 2018 Investor Behavior Study, but not nearly enough to avoid the full...

June 17, 2019
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17Jun

Is it normal to face €2,300 fee on UK pension transfer?

I am a 54-year-old woman, who has 20 years of various pensions from working in the UK. I have been living and working in Ireland for 14 years. The transfer value of my UK private pensions totals about £250,000 (€283,000). I have been discussing this with a number of financial advisers - and am now close to transferring my pensions to Ireland. Part of my pension portfolio comes from an eight-year service with a bank I have worked with...

June 17, 2019
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14Jun

Evolving Eldercare in Contemporary China: Two Generations, One Decision (Series in Asian Labor and Welfare Policies) (English Edition)

By Lin Chen With an increasing number of elders moving into nursing homes, the shift from family to nursing home care calls for an exploration of caregiving decision-making in urban China. This study examines how a rapidly growing aging population, the one-child policy, and economic reform in urban China pose unprecedented challenges to the country’s ingrained tradition of family caregiving. It presents interviews of matched elders and their children from a government-sponsored nursing home in Shanghai and analyzes...

June 14, 2019
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14Jun

The Future of Public Employee Retirement Systems (Pensions Research Council) (English Edition)

By Gary Anderson, Olivia S. Mitchell People covered by public pensions are often the subject of 'pension envy:' that is, their benefits might seem more generous and their contributions lower than those offered by the private sector. Yet this book points out that such judgments are often inaccurate, since civil servants hold jobs with few counterparts in private industry, such as firefighters, police, judges, and teachers. Often these are riskier, dirtier, and demand more loyalty and discretion than would...

June 14, 2019
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