News Archives - Page 128 of 741 - Pension Policy International

20FebFebruary 20, 2023

69% of Workers Plan to Hold Down a Job in Retirement. For Many of Them, That’s Not a Choice.

Many of us are used to grinding out way through a job for many years because, well, that's sort of what we have to do. But it's also easy to see why the idea of working in retirement is unappealing to a lot of people. After all, you've held down a job your entire life. You deserve to enjoy a stretch of time when work doesn't come into the picture. But unfortunately, a large number of workers today may end up...

February 20, 2023

NewsAging, Retirement Planning, UK

20FebFebruary 20, 2023

Social Security Benefits: The Good and Bad News for Retired Workers in 2023

Social Security is a major source of financial well-being in retirement. Nearly 49 million retired workers received benefits in January, and about half of people aged 65 and older get at least 50% of their family income from Social Security. Given its importance, retired workers should try to stay informed on the program, and there have been several big changes already this year. Inflation scorched the U.S. economy last year, driving up the cost of gasoline, groceries, and other necessities...

February 20, 2023

NewsSocial Security, US

20FebFebruary 20, 2023

Tech Opportunities In Climate Change And An Aging Population

Tech opportunities in areas like 5-G, cloud computing, healthcare, and finance took up the last posting. This one examines opportunities in meeting two huge issues facing the world’s economies: the growing number of older retirees in populations and the big kahuna of climate change. Seldom do all the answers to these or any other problems lie in technological solutions, but tech certainly will have a role to play and a prominent one. The growing proportion of older people in the population...

February 20, 2023

NewsAging, Climate crisis, Technology

17FebFebruary 17, 2023

New pension strikes grip France as MPs wage legislative battle

The fifth day of action against President Emmanuel Macron's reform -- whose headline measure is raising the legal retirement age from 62 to 64 -- aims to keep up the pressure ahead of a wider mass walkout, planned for March 7. But unlike previous strike days, most mainline trains and the Paris metro were running normally, as fewer workers participated during school holidays across most of France. That was reflected in education ministry figures showing fewer than eight percent of teachers...

February 17, 2023

NewsFrance, Pension Reform

17FebFebruary 17, 2023

UK. Industry organisations call for ‘urgent’ clarity on pensions dashboards

Industry experts have argued that “regulatory certainty” around pensions dashboards is needed as quickly as possible, with concerns over the timing and implementation of pensions dashboards emerging ahead of the first scheme staging deadlines. The Financial Conduct Authority (FCA) and Pensions Dashboards Programme (PDP) recently held consultations to gather views on proposed design standards for pension dashboards, and the regulatory framework for operators, both of which closed today (16 February). However, whilst the consultations were broadly welcomed by industry experts, concerns...

February 17, 2023

NewsOperations, Technology, UK

17FebFebruary 17, 2023

Switzerland. Phone scammers targeting pensioners in Zurich stole 6,7 million francs in 2022

Phone scammers targeting residents of Zurich succeeded in stealing 6,7 million Swiss francs in 2022, SRF has reported. The trick involves the scammers posing as police officers and calling victims to ask them to pay “bail” in order to release a relative from jail. Many of the victims were retired. Phone scammers try to trick hundreds each day in Zurich According to Swiss broadcaster SRF, phone scammers try to swindle the residents of Zurich out of their hard-earned money hundreds of...

February 17, 2023

NewsIncome, supervision, Switzerland

16FebFebruary 16, 2023

Global institutional retirement assets decline 16.7% in 2022 – Thinking Ahead Institute

Global institutional retirement assets saw a drop of 16.7% in 2022 compared to 2021, dipping to $47.9 trillion — a decline not seen since the 2008 global financial crisis, according to a study by the Thinking Ahead Institute in London. Marisa Hall, institute head, said that retirement assets are very linked to capital markets. "When you see corrections in equities and bonds as we have seen over the last year, it will have a knock-on effect on pension funds," she said. Read...

February 16, 2023

NewsPension Management

16FebFebruary 16, 2023

Denmark’s AkademikerPension takes on the banks financing fossil fuels

Denmark’s AkademikerPension, the member-owned pension fund for 150,000 academics, has just notched up another important milestone in its ambitious sustainability strategy. Pressure from the fund’s CIO and chief financial officer Anders Schelde on Denmark’s Dankse Bank contributed to the lender announcing plans to end new financing to oil and gas E&P companies that don’t have a credible transition plan in line with the Paris Agreement. Last year, Schelde stood up and challenged Dankse executives at the bank’s AGM, the only...

February 16, 2023

NewsDenmark, ESG, Investment, Pension Management

16FebFebruary 16, 2023

Third of UK savers unaware of their retirement options

The firm's Future of Global Retirement report - which surveyed 8,000 savers across the UK, Australia, South Africa and the US - found the UK ranked lowest when it came to understanding of savers' options at retirement. The report - published today (16 February) - discovered with the increasing cost of living, a third (34%) of respondents are concerned they would be unable to afford their day-to-day living costs in retirement. The research revealed a gender discrepancy as 38% of...

February 16, 2023

NewsFinancial Education, UK

16FebFebruary 16, 2023

Flexibility And Earning Potential, Two Lures Of The Gig Economy

We’ve been talking about the gig economy in the United States, which, by the end of 2022, had 70 million gig workers—the most in the world—and how this mode of working might tie in with inclusive capitalism. The choice to work freelance comes with pluses, as we found, and some minuses too. Most of the deficits take the form of the loss of financial security nets. Despite some isolated efforts on the part of U.S. lawmakers to give gig...

February 16, 2023

NewsInformal Sector, Labor Market

February 2023