News Archives - Page 337 of 982 - Pension Policy International

13JunJune 13, 2023

Confronting aging: How LGBTQ+ seniors can tackle their special caregiving challenges

Margaret Roesch, 67, and her wife, Pat McAulay, 68, wanted to have a supportive community around them as they grew older. So they helped to create a cohousing development for LGBTQ+ seniors and allies, making it easier to offer support to one another. “We said we don’t want to have to go back in the closet when we get older,” Roesch said from the front porch of her home in Durham, North Carolina. Opened in 2020, the Village Hearth is a...

June 13, 2023

NewsAging, Pension design

13JunJune 13, 2023

UK pension fund fights appeal in landmark fossil fuels lawsuit

Britain's biggest private pension scheme on Tuesday asked a London court to block a landmark lawsuit over its alleged failure to devise a credible plan to divest from fossil fuels. The 82 billion-pound ($103 billion) Universities Superannuation Scheme (USS) is facing legal action from two of its members over its continuing investments in coal, natural gas and petroleum. The lawsuit was blocked last year by London's High Court, but the two academics behind the claim asked the Court of Appeal to...

June 13, 2023

NewsPension Management, UK

12JunJune 12, 2023

UK. What can be done about the ‘great gender pension chasm’?

Thank you for the depiction of the “great gender pension chasm”, (Women’s private pensions worth 35% less than men’s in Great Britain, 5 June). It is something we’ve long been concerned about and tracked for a number of years, examining how it has persistently shaped women’s retirement prospects for the worse. The vast inequality between private pension pots for men and women is alarming. The findings of the latest Department for Work and Pensions gender pension report show the need...

June 12, 2023

NewsGender Gap, UK

12JunJune 12, 2023

US. Social Security’s woes highlight need for holistic plan

Given Social Security's uncertain future, defined contribution executives say that it's important for plan sponsors to offer participants holistic retirement planning and encourage additional savings. The Old-Age and Survivors Insurance Trust Fund, which covers retirees and their families, is now set to reach depletion in 2033, according to an April report from the Social Security Board of Trustees. If that happens, the trust's income would be able to pay 77% of its scheduled benefits, the report states. A reduction in Social...

June 12, 2023

NewsDefined Contribution, Social Security, US

12JunJune 12, 2023

South Africa: ‘Two-Pot’ Retirement System to Kick in On 1 March 2024 – Here’s How It Will Work

The draft legislation governing the first phase of the proposed two-pot system has been published and is open for comment. The long-awaited draft legislation with more details regarding the roll-out of the "two-pot" retirement system was published on Friday afternoon. The changes are being introduced in response to consumers' dire financial stress during the Covid pandemic, when many were unable to access their retirement savings despite having no other money to turn to. The implementation date remains 1 March 2024, and the...

June 12, 2023

NewsPension design, South Africa

12JunJune 12, 2023

China. TV series set to teach elderly people about health

China's first TV series popularizing health information for the elderly premiered in Shanghai on Wednesday. The 10-episode series, which takes a lighthearted approach, focuses on helping the elderly understand common acute and severe threats to health, as well as chronic diseases in a scientific way, and also teaches them how to take precautions just in case. The show is the joint creation of Huashan Hospital Affiliated with Fudan University and the Shanghai Theatre Academy and is titled Ms Kang and Her...

June 12, 2023

NewsAging, China, Health

09JunJune 9, 2023

U.S. public pension funds look to ramp up scenario modeling, stress-testing spending

The vast majority of U.S. public pension funds plan to increase spending on scenario modeling and stress testing in the next two years, according to a report from Rotterdam, Netherlands-based risk management consultant Ortec Finance. According to interviews conducted in February with 50 fund executives overseeing a total of $1.315 trillion in assets, 90% plan to increase spending on those items to help manage market volatility. "Many pension plans saw the value of their assets fall last year in what was...

June 9, 2023

NewsPension Management, US

09JunJune 9, 2023

Why Over 90% of Sub-Saharan African Workers Lack Pension Plan

Why Over 90% of Sub-Saharan African Workers Lack Pension Plan In the past six months, France has seen an uproar of aggravated workers who have taken to the streets to protest the government's new pension reform. In April, France's Constitutional Council, which plays a similar role to the US Supreme Court, approved the most controversial part of the reform - raising the retirement age from 62 to 64. On May 1, International Workers Day, around 112,000 people participated in the largest...

June 9, 2023

NewsAfrica, Coverage

09JunJune 9, 2023

Generation X confronts harsh new reality of retirement: unreadiness

America’s 65 million Generation Xers (born between 1965 and 1980) are confronted with a new set of financial challenges that are redefining their plans for retirement, just as they enter their final working years, according to Prudential Financial, Inc.’s latest Pulse research survey, “Gen X: Retirement Revised.” Key findings of the survey include: Nest egg empty. Up to 30 million (46%) Gen Xers do not think they will have enough saved to live comfortably in retirement. Those fears reflect Gen...

June 9, 2023

NewsRetirement Planning

09JunJune 9, 2023

Prepare for a longer period of volatility, pension fund CIOs warn

Investors will need to deal with a volatile investment environment for longer than previously anticipated, pension fund CIOs said in a panel discussion. Speaking at the Pensions and Lifetime Savings Association's annual investment conference in Edinburgh on Tuesday, Wyn Francis, CIO of Brightwell, said markets are "less than helpful" when it comes to the investment outlook right now. "We are more likely to stay in a volatile period for a while," he said. Brightwell manages assets for the £47 billion ($58.5...

June 9, 2023

NewsInvestment, Returns

June 2023