admin, Author at Pension Policy International

06AugAugust 6, 2018

Price-Based Investment Strategies: How Research Discoveries Reinvented Technical Analysis

By Adam Zaremba &‎ Jacob "Koby" Shemer This compelling book examines the price-based revolution in investing, showing how research over recent decades has reinvented technical analysis. The authors discuss the major groups of price-based strategies, considering their theoretical motivation, individual and combined implementation, and back-tested results when applied to investment across country stock markets. Containing a comprehensive sample of performance data, taken from 24 major developed markets around the world and ranging over the last 25 years, the authors construct...

August 6, 2018

Books, Investing, SavingsFinance, Income

06AugAugust 6, 2018

Stealing To The Youth And Giving To The Old? : Intergenerational Inequalities And Political Dynamics In The Italian Pension System

By Giulio Del Balzo "The contemporary welfare state in capitalist democracies is largely a welfare state for the elderly” (Myles, 1984) Filicide is a recurrent event in ancient mythology, as well as in nature. Just as Kronos devoured his sons, fearing that they would dispossess him from the Gods’ throne, so many animal species, like lions, usually kill their puppies, since they perceive their children as potential threats to their consolidated interests and well-being. So, as in nature and myths, filicide...

August 6, 2018

Aging, Books, Labor MarketDB Pensions, DC Pensions, Sustainability

06AugAugust 6, 2018

Self-Insurance Against Natural Disasters: The Use of Pension Funds in Pacific Island Countries

By Si Guo (International Monetary Fund (IMF)) & Futoshi Narita Pacific island countries are exposed to significant risks from natural disasters. As adisaster relief measure, Fiji allowed pre-retirement pension withdrawls in the wake ofCyclone Winston in 2016. Motivated by this policy action, we provide a normativeanalysis of the use of early pension withdrawals after disasters, by setting up a life-cyclesaving model with myopic households facing large natural disaster shocks. The modeldemonstrates the key trade-off between building up sufficient retirement savings...

August 6, 2018

Articles, Pension design, Savings2018, Labor Market

06AugAugust 6, 2018

Working Beyond 65 in Ireland

By Anne Nolan (Options Ltd) & Alan Barrett (Economic and Social Research Institute; IZA Institute of Labor Economics) Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to know if longer working is a choice or a necessity, where necessity arises from a lack of...

August 6, 2018

Aging, Articles, Labor Market2018, Income, Saving

06AugAugust 6, 2018

A Risk Too Far The Case Against Collective Defined Contribution Pensions

By Michael Johnson Royal Mail has committed to offering its workers a Collective Defined Contribution (CDC) pension scheme, designed to split the difference between existing Defined Contribution and Defined Benefit schemes. The CDC idea is winning increasing support. But it is risky, untested and undermines the personal pensions freedoms introduced in 2015 The system risks creating irreversible intergenerational injustice by overpaying pensioners at the expense of current and future employees. It is also unclear whether what is promised to workers is actually deliverable. Where...

August 6, 2018

Articles, Pension design, System Sustainability2018, CDC Pensions, DB Pensions, DC Pensions, Labor Market

03AugAugust 3, 2018

Perú. AFP: Pensión por trabajo de riesgo duplica a la pensión por jubilación ordinaria

Un reciente reporte dado a conocer por la Asociación de AFP da cuenta que la pensión promedio por jubilación adelantada por trabajo de riesgo es de S/ 2,061, mientras que la pensión por jubilación ordinaria por edad legal es de S/ 1,093, ¿A qué se debe esta diferencia? Cabe anotar que existen varios regímenes de jubilación en el Sistema Privado de Pensiones (SPP), lo cual genera estas diferencias en las pensiones. A continuación, se explicarán las principales modalidades de jubilación. 1. Jubilación...

August 3, 2018

Noticias2018, Ingreso, PensionesPe, TrabajoDeRiesgo

03AugAugust 3, 2018

México. “Inversiones de afores en Oro Negro no es tema nuevo”, asegura Consar

El presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), Carlos Ramírez, aseguró que las inversiones que hicieron Sura y Citibanamex en Oro Negro —empresa con posibilidad de quiebra— no es un tema nuevo; sin embargo, le dan seguimiento a la actualización jurídica y legal como lo hacen con cualquier otra administradora de fondos para el retiro (afore) que realice inversiones. “El tema de Oro Negro no es nuevo, es un tema que se ha ido...

August 3, 2018

Noticias2018, Afores, OroNegro, PensionesMx

03AugAugust 3, 2018

Perú. Las AFP proponen usar IGV para pensión mínima

La presidenta de la Asociación de AFP (AAFP), Giovanna Prialé, informó que este gremio prepara una propuesta para establecer una pensión mínima de S/415 en el Sistema Privado de Pensiones (SPP), que sería presentada oficialmente en 2019. Dicho objetivo se alcanzaría mediante la devolución anual de un punto porcentual del Impuesto General a las Ventas (IGV) que paga cada afiliado por sus consumos. El monto retornado tendría como destino el fondo de capitalización del aportante. “Esta devolución se hará hasta que...

August 3, 2018

Noticias2018, IGV, PensionesPe, PensiónMínima

03AugAugust 3, 2018

México. Afores presentarán reforma en pensiones a equipo de transición

Una vez que se conforme el equipo de transición en la Secretaría de Hacienda y Crédito Público (SHCP), la Asociación Mexicana de Afores (Afores) presentará una iniciativa de reforma que busque mejorar el monto de las pensiones que recibirán los trabajadores, indicó Carlos Noriega, presidente del organismo privado. “No hemos tenido todavía una reunión con el equipo de transición, pero una vez que sea nombrado seguramente tendremos oportunidad para presentar una propuesta que incluye una diversidad de acciones, donde la...

August 3, 2018

Noticias2018, Afores, Mexico, PensionesMx, Reforma

03AugAugust 3, 2018

US. Would Universal Savings Accounts cannibalize retirement plan contributions?

In the coming days, Rep. Kevin Brady, R-TX, chair of the House Ways and Means Committee, is expected to circulate a discussion draft of a Tax Reform 2.0 bill with an eye to advancing a floor vote in the House this September. The bill is expected to include a provision creating Universal Savings Accounts, which would allow any American age 18 or older to invest after-tax dollars that could grow tax-free and be withdrawn for any purpose, at any time,...

August 3, 2018

News, Slider2018, Savings, UniversalAccounts, USPensions

August 2018