August 2024
27Aug

US. National Center to Reframe Aging partners with SAGE USA to enhance advocacy for LGBTQ+ elders

The National Center to Reframe Aging — which provides expertise in effective communication strategies surrounding aging issues — has established a strategic partnership with SAGE USA. This collaboration aims to educate SAGE leadership and the SAGE National Resource Center (NRC) on LGBTQ+ Aging on the principles of reframing aging. The National Center to Reframe Aging will be a strategic partner supporting the SAGE National Resource Center on LGBTQ+ in their efforts to reframe their education and advocacy communications on aging. The team will provide...

August 27, 2024
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26Aug

UK has record 991,000 self-employed workers aged 60 or over

The number of people aged 60 and older who are self-employed has reached a record of almost 1 million, research suggests. This represents an increase of more than a third (33%) in the past decade, to reach 991,432 self-employed people aged 60 or over in 2023, according to analysis by Rest Less, which offers advice to older people. The analysis found that while the number of self-employed workers in their 50s and older has grown since 2021, it is those in...

August 26, 2024
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26Aug

The Average Retirement Age in 2024: US vs. France

Do Americans really work themselves to death, as the media so often portrays? Likewise, do Europeans really avoid work like the plague? Of course not — but that doesn’t mean the retirement looks identical in countries like the US and France. While the average retirement age differs, so too do the benefit systems in each country. Consider the following facts as you compare retirement in the US to France, before booking a one-way ticket to the Continent. Also check out these reasons for using a financial advisor...

August 26, 2024
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26Aug

President Yoon to unveil pension reform this week

President Yoon Suk Yeol is expected to announce pension reform as early as this week that would expand benefits for conscripts and mothers to reduce the burden on younger generations and ensure the system's sustainability, a source said Sunday. "The president will hold a briefing on state affairs this week," presidential chief of staff Chung Jin-suk said in a high-level policy consultation meeting with the ruling People Power Party. "The president will share with the people his vision and ambition...

August 26, 2024
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26Aug

India approves assured pension scheme for federal government employees

The Indian government approved on Saturday a pension scheme which will guarantee federal government employees 50% of their base salary as a pension, moving away from a current scheme where the payout is linked to market returns. The Modi government has been forced to reassess the current pension system, adopted after a significant fiscal reform in 2004, as some states switched back to the older, fiscally straining system of fully funding a guaranteed pension. The Unified Pension Scheme (UPS) for India's...

August 26, 2024
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23Aug

U.S. asset managers worried about interest rate uncertainty, cautious on AI

While worries about inflation have subsided, asset managers in the U.S. are concerned about uncertainties surrounding interest rates, capital funding and how generative artificial intelligence will play out across the industry over the long term, according to the latest “Asset Management Industry Pulse” survey from KPMG. The survey found that almost two-thirds (63%) of asset managers expect the Federal Reserve will commence cutting interest rates in the second half of 2024, while the remaining 37% think the central bank will hold...

August 23, 2024
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23Aug

South Korea. Measures to strengthen retirement security are urgently needed

Even if the national and basic pensions and personal pensions received by the elderly aged 65 or older are added together, the monthly income is only 650,000 won. Six out of 10 recipients received less than 500,000 won. Critics point out that it is nothing more than a "money pension" that is far from a practical retirement guarantee, and some point out that measures to strengthen retirement security are urgently needed. On the 22nd, the National Statistical Office released "2022...

August 23, 2024
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23Aug

Brazil’s population decline will happen sooner than predicted

The Brazilian Institute of Geography and Statistics (IBGE) has periodically published findings from the 2022 Census. The population count flagged the fast and steep aging of the Brazilian population, and new projections from the IBGE now show just how steep this process is. According to the new calculations, which factor in indicators such as fertility rate (number of births per woman), life expectancy, and migration, the Brazilian population will increase from the current 203 million inhabitants to 220 million in 2041 — when it...

August 23, 2024
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23Aug

Nigeria. Delta Pensions Board Raises Alarm Over Scammers Targeting Pensioners, Issues Warning Against Fraudulent Payment Demands

In an interview with SaharaReporters on Thursday, Ogidi-Gbegbaje revealed that numerous pensioners have reported receiving suspicious calls from individuals claiming to facilitate quick payment of their gratuities and benefits in exchange for money. Sir Edwin Ogidi-Gbegbaje, Chairman of the Delta State Bureau for Pensions, has raised concerns about a fraudulent scheme targeting pensioners in the state. In an interview with SaharaReporters on Thursday, Ogidi-Gbegbaje revealed that numerous pensioners have reported receiving suspicious calls from individuals claiming to facilitate quick payment of...

August 23, 2024
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23Aug

I’m 65 and have no pension – I’m stuck travelling the world forever

I’m officially homeless. For the first time in my life. At the age of 65. On 20 May, after putting all my worldly goods into storage, that’s what I became. By choice. Sort of. After owning property for over 30 years, both in the UK and Spain, I can no longer afford to live in the UK. I hold my hands up and admit I am responsible for the greater part of my debt. I’ve never been great with money. I...

August 23, 2024
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