admin, Author at Pension Policy International

28AugAugust 28, 2018

The UN Pension Board Rejects an Audit of Its Work

The United Nations Pension Board’s recent meeting in Rome ended with a record number of disagreements and much acrimony. The chief cause of distress was the results of the internal governance audit requested last December by the General Assembly. At the meeting, held July 29 to Aug. 3, board members directed much of their angst against recommendations to adjust the makeup of the board of the $65 billion fund to comply with General Assembly resolutions. The resolutions called for fairer...

August 28, 2018

News, Slider2018, UN

28AugAugust 28, 2018

Germany: Merkel’s government argues about future pensions

German Chancellor Angela Merkel’s government is arguing about pensions, with Merkel’s center-left coalition partners pressing for a guarantee that they will remain stable until 2040. The coalition of Merkel’s conservative Union bloc and the center-left Social Democrats agreed when it took office earlier this year to ensure pensions remain at the current level of 48 percent of average wages through 2025. The Social Democrats are struggling in polls and looking to woo left-leaning voters. Finance Minister Olaf Scholz, a Social Democrat,...

August 28, 2018

News, Slider2018, Germany

27AugAugust 27, 2018

Australia’s Victoria state in $2 bln land title register deal with pension fund

Australia’s Victoria state has agreed to sell a four-decade concession to run its land and property registries to pension fund First State Super for A$2.86 billion ($2.09 billion), the government said in a statement on Monday. The deal allows First State Super to levy fees for property ownership registrations in Australia’s fastest growing state for 40 years, while the government plans to spend the proceeds on schools, hospitals and transport projects, the statement said. This will give “a major boost to...

August 27, 2018

News, Slider2018, Australia

27AugAugust 27, 2018

México. Ahorro para el retiro rompe récord: contabiliza 3.3 billones de pesos

Al cierre de julio de 2018, el Sistema de Ahorro para el Retiro (SAR) administró recursos hasta por 3.3 billones de pesos, cifra histórica porque fue equivalente al 15% del Producto Interno Bruto (PIB). Esos recursos juegan un papel fundamental en el desarrollo y profundización del sistema financiero mexicano, indicó la Secretaría de Hacienda y Crédito Público (SHCP). La dependencia precisó que después del ahorro bancario, de acuerdo con la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), los...

August 27, 2018

Noticias2018, Mexico

27AugAugust 27, 2018

UK. Crackdown to safeguard pensions when firms go bust

Directors who have dissolved companies to avoid paying workers or pensions could be disqualified or fined by authorities for the first time. The move is part of a government initiative to safeguard workers, pensions and small suppliers when a company goes bust. The Observer reported in January that the government was preparing to crack down on irresponsible company bosses in the wake of the collapse of Carillion. The construction and outsourcing giant went into liquidation with a deficit in its...

August 27, 2018

News, Slider2018, UK

Broadening Britain’s savings base by reforming pensions tax relief: CPS

EMBARGOED 0001 MONDAY 27 AUGUST 2018 GOVERNMENT MUST REFORM PENSIONS TAX RELIEF TO BROADEN BRITAIN’S SAVINGS BASE FIGURES SHOW UK HOUSEHOLD SAVINGS RATIO HAS HIT RECORD LOW Britain’s household savings ratio has plummeted to 4.9%, the lowest since records began in 1963. With savings rates falling and the top 1% of earners receiving double the pensions tax relief of half the working population, the time has come to reform the system. The complexity, cost, and inflexibility of the pensions system, combined with widespread...

August 27, 2018

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25AugAugust 25, 2018

Social Security Programs and Retirement around the World: The Relationship to Youth Employment (National Bureau of Economic Research Conference Report)

By por Jonathan Gruber ,‎ David A. Wise Many countries have social security systems that are currently financially unsustainable. Economists and policy makers have long studied this problem and identified two key causes. First, as declining birth rates raise the share of older persons in the population, the ratio of retirees to benefits-paying employees increases. Second, as falling mortality rates increase lifespans, retirees receive benefits for longer than in the past. Further exacerbating the situation, the provisions of social security...

August 25, 2018

Aging, Books, Labor Market2018, Government, Public Policy, Social Security

25AugAugust 25, 2018

Financial Literacy: Empowerment in the Stock Market

By Ali Saeedi &‎ Meysam Hamedi This book provides an overview of current issues associated to financial literacy improvement. In selecting and structuring the material to include, the primary criterion has been applicability of topics and recommendations and accuracy of trends toward better financial literacy level. Each chapter is dedicated to a particular component of financial literacy from education to capability. Throughout the book, there are many practices initiated around the world which, regardless of their superiority, are all useful initiatives...

August 25, 2018

Books, Investing, Labor Market2018, Financial Education, Financial Literacy, Investing

25AugAugust 25, 2018

Demographics and Interest Rates in Asia

By Serkan Arslanalp (International Monetary Fund (IMF)), Jaewoo Lee (International Monetary Fund (IMF) - Research Department) & Umang Rawat (International Monetary Fund (IMF)) Demographic developments have been regarded as one important cause of the long-termmovement in global interest rates. This paper provides empirical evidence of therelationship between demographics and interest rates over a wide sample of advanced andemerging market economies. It also finds that capital account openness limits the directsensitivity of a country's interest rates to its own demographics. The results suggest...

August 25, 2018

Aging, Articles, Investing2018, Asia, Investment

25AugAugust 25, 2018

Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society

By Deborah Thorne (University of Idaho), Pamela Foohey (Indiana University Maurer School of Law), Robert M. Lawless (University of Illinois College of Law) & Katherine M. Porter (University of California - Irvine School of Law) The social safety net for older Americans has been shrinking for the past couple decades. The risks associated with aging, reduced income, and increased healthcare costs, have been off-loaded onto older individuals. At the same time, older Americans are increasingly likely to file consumer bankruptcy,...

August 25, 2018

Aging, Articles2018, Healthcare, Income, Risk, Social Security, US

August 2018