July 2018

23Jul

Central States Pension Fund: Department of Labor Activities Under the Consent Decree and Federal Law

By Charles A. Jeszeck (Government Accountability Office (GAO)), David Lehrer (Government Accountability Office (GAO)), Margaret Weber, Laurel E. Beedon, Charles J Ford, Jessica Moscovitch, Layla Moughari, Joseph Silvestri, Anjali Tekchandani, Frank Todisco (Independent), Adam Wendel (Government Accountability Office (GAO)) The Central States, Southeast and Southwest Areas Pension Fund (CSPF) was established in 1955 to provide pension benefits to trucking industry workers and is one of the largest multiemployer plans. According to its regulatory filings, CSPF had less than half the...

July 23, 2018
Articles, Labor Market, Regulation, , ,
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23Jul

The Retirement Belief Model: Understanding the Search for Pension Information

By Wiebke Eberhardt (Maastricht University), Elisabeth Brüggen (Maastricht University), Thomas Post (Maastricht University) & Chantal Hoet (Aegon) Many individuals avoid information relevant for retirement planning. This behavior is worrying as pension systems shift risks and responsibilities to individuals. Individuals who avoid pension information fail to discover whether they save too little for retirement, negatively affecting their long-run financial well-being. We generate knowledge about the factors that stimulate or hinder the search for pension information. Using an interdisciplinary lens, we develop...

July 23, 2018
Articles, Pension design, , ,
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20Jul

Perú. Fondos de AFP cayeron hasta 1,4% en primer semestre del año

Entre enero y junio de este año, la rentabilidad de los fondos de pensiones registró una caída de hasta 1,4%, por una mayor volatilidad de los mercados y las bolsas en Perú y el mundo, según explicó el gerente de inversiones de AFP Integra, Roberto Melzi. Detalló que el Fondo 0 (de protección de capital) avanzó 1,8%, el Fondo 1 (de bajo riesgo) cayó en 0,5%, el Fondo 2 (riesgo medio) retrocedió 0,8% y el Fondo 3 (de mayor riesgo)...

July 20, 2018
Noticias
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20Jul

Venezuela. Ancianos cierran avenida Urdaneta para exigir pago completo de pensiones

Adultos mayores trancaron la mañana de este miércoles el paso vehicular de la avenida Urdaneta ubicada en el municipio Libertador, Caracas, por el pago incompleto de las pensiones. La avenida se encuentra cerrada en ambos sentidos fentre al Banco Fondo Común (BFC) por los manifestantes que exigen el pago de la pensión. “18 de julio. 8:34 am. Pensionados trancan la Av. Urdaneta en ambos sentidos en protesta por pago incompleto de pensiones”, reportaron. Leer Más: El Nacional

July 20, 2018
Noticias
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20Jul

UK. £1.6trn investment consultancy sector faces overhaul by UK watchdog

The Competition and Markets Authority’s (CMA) 330-page provisional decision comes after an investigation ordered by the Financial Conduct Authority (FCA) into the sector. The CMA found out that while pension schemes can choose from a range of different firms, there were competition problem within both the investment consultancy and even more so in the fiduciary management markets. Pension trustees in the UK will have to run compulsory public tenders when appointing their first fiduciary manager, according to the proposals. The report...

July 20, 2018
News
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20Jul

When Aging and Automation Collide, Which Countries Lose?

Today’s workforces are facing two unprecedented and far-reaching trends: widespread societal aging and the automation of work by intelligent technologies. Increased longevity and declining fertility rates around the world are creating lasting shifts in the age compositions of workforces globally. Concurrently, emerging technologies are displacing workers and transforming the very landscape of work. The confluence of these two trends of aging and automation therefore raises a crucial question: What effect will increased workplace automation have on populations of older workers?...

July 20, 2018
News, Slider
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20Jul

UK. A steep challenge ahead – what the latest fiscal sustainability report means for the public spending plans

Looking at how assets and liabilities on the public sector’s balance sheet are expected to change over time provides an important picture of the direction of travel when it comes to government activities. The Office for Budget Responsibility’s (OBR) latest report sounds alarm bells for mounting spending challenges ahead. The Fiscal Sustainability Report, released by the OBR on Tuesday, sets out the long-term sustainability of the level of public debt. This is a key measure of the government's fiscal policies,...

July 20, 2018
News, Slider
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20Jul

Russia. Russian MPs approve pension reform in first reading despite protests

Russian lawmakers tentatively approved a hugely unpopular government plan to hike the state pension age that has led to protests and a record slump in Vladimir Putin's approval ratings. In a rare move, usually pliant Kremlin-friendly nominal opposition parties -- the Communists, the Liberal Democratic Party and A Just Russia -- rejected the legislation to raise the pension age to 65 for men and 63 for women. A total of 328 lawmakers in the lower house or State Duma voted in...

July 20, 2018
News
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19Jul

US. Lawmakers are thinking of changing your 401(k) plan — is this a good thing?

You may have heard that Congress is looking at changes to the ways in which Americans save for retirement. Lawmakers think we need to save more and, for once, they’re right. Among the things they’re looking at: changes to 401(k) plans—the most substantive in years—and ways for you to guarantee yourself an annual income after you retire. Retirement is, of course, a huge problem for millions of Americans. A survey earlier this year by GoBankingRates said 42% of Americans have less...

July 19, 2018
News
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19Jul

India. CM launches online pension management system

State Government pensioners who have served the society during their entire lives deserve respect and attention from all, said Chief Minister Raman Singh on Wednesday. He was addressing a gathering after launching the Online portal 'Aabhaar-Aapki Sevahon Ka' (Gratitude-For Your Service) and MobileApp at the Pandit Jawaharlal Nehru Medical College, auditorium, Raipur. He further said that now transparent, accountable and quick service would be provided as the online system will help the pensioners to save time. They need not make...

July 19, 2018
News
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