admin, Author at Pension Policy International

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

Uncategorized

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

25AugAugust 25, 2018

Population Aging, Social Security and Fiscal Limits

By Burkhard Heer (University of Augsburg; CESifo (Center for Economic Studies and Ifo Institute)), Vito Polito (Cardiff Business School) & Michael Wickens (University of Cardiff; Centre for Economic Policy Research (CEPR); Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute)) We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper limit to the real value of tax revenues. This limit implies an endogenous threshold dependency ratio, i.e. a point...

August 25, 2018

Aging, Articles, Labor Market, Slider-Left, Sustainability, System SustainabilityRisk, Social Security, Taxation

24AugAugust 24, 2018

Peligra el acceso a las pensiones de los británicos en la UE si no hay acuerdo sobre el Brexit

Los británicos que viven en la Unión Europea (UE) pueden dejar de tener acceso a sus pensiones si Londres y Bruselas no llegan a un acuerdo sobre el Brexit que integre a los bancos del Reino Unido en el sistema de pagos comunitario, según advirtió el Gobierno británico en unas notas técnicas divulgadas este jueves. El Gobierno de Theresa May publicó 25 documentos técnicos, de un total de 80, destinados a preparar a empresas y ciudadanos sobre los problemas que...

August 24, 2018

Noticias2018, Reino Unido

August 2018