News Archives - Page 387 of 956 - Pension Policy International

23SepSeptember 23, 2022

US. How To Help Protect Your Savings From Inflation When You’re Planning For Retirement

With some careful planning, you can mitigate the impact of inflation on your retirement savings. As inflation rises, many preretirees are wondering how they can ensure that their retirement savings will cover their cost of living in the future. For investors who are planning for retirement, the good news is they still have time to make any necessary adjustments. They may even find the plan they have in place is already sufficient to mitigate the impact of inflation. How inflation affects...

September 23, 2022

NewsRetirement Planning, US

23SepSeptember 23, 2022

Ghana. NPRA to collaborate with Goasomanhene to promote ‘one trader one SSNIT number’ campaign

The Sunyani zonal office of the National Pensions Regulatory Authority (NPRA) has indicated its readiness to collaborate with Nana Kwasi Bosomprah, Paramount Chief of the Goaso Traditional Area on his 'one trader, one SSNIT number' campaign. The idea of the Paramount Chief is to encourage every trader have a Social Security and National Insurance Trust (SSNIT) number and contributed to the scheme. The collaboration became a reality when Mr David Tetteh-Amey Abbey, the Deputy Chief Executive Officer of the NPRA...

September 23, 2022

NewsGhana, Operations

22SepSeptember 22, 2022

UK Pension Schemes Under Pressure for Climate Impact Reporting

The mid-sized and smaller pension schemes in the UK are under tighter rules as new reporting regulations are requiring more detailed information. The UK has been one of the fastest countries to adopt the Taskforce on Climate-related Financial Disclosure (TCFD) reporting requirements into law. This covers corporates, regulated financial institutions, and pension schemes. Large pension schemes in the country have to report climate risks in line with TCFD guidance since last October. This is also part of the Occupational Pension Schemes...

September 22, 2022

NewsESG, supervision, UK

22SepSeptember 22, 2022

Women at the heart of Swiss pension reform vote

Switzerland votes Sunday on a divisive pension reform plan the government says is vital to safeguard benefits, including a controversial push to raise the retirement age for women. After two previous attempts in 2004 and 2017, Bern is hoping it can finally garner enough votes for its bid to "stabilise" Switzerland's old age security system, at risk of being submerged by the giant baby boomer generation reaching retirement age as life expectancy rises. One tool for raising more income for the...

September 22, 2022

NewsGender Gap, Pension Reform, Switzerland

22SepSeptember 22, 2022

US. Fed hikes interest rates 75 basis points; now targets year-end funds rate of 4.4%

The Federal Reserve on Friday agreed to a request from Treasury Secretary Steven Mnuchin to return unused funds from emergency lending programs. The Federal Reserve hiked interest rates by 75 basis points for the third consecutive meeting on Wednesday, boosting the target range for the federal funds rate to a range of 3% to 3.25%, in a continuing bid to tamp down inflation. The Federal Open Market Committee, which concluded its two-day meeting on Wednesday, had previously increased rates by 75...

September 22, 2022

NewsPolitical economy, US

22SepSeptember 22, 2022

Pan-European Pension Product is now available in the first EU country

The European pension is now available to clients in Slovakia. It has a strict fee cap, is portable, and is bound by European legislation. Slovak fintech broker Finax is the first European company that became licensed to offer it. All residents of the European Union can open a pan-European Personal Pension Product (PEPP). It is not tied to employment or the place of work. Its goal is to provide the saver with an old-age income supplementing the state pension. Savers...

September 22, 2022

NewsFintech, Pension design, Slovakia

21SepSeptember 21, 2022

UK. Guy Opperman ends role as Pensions Minister

Longest serving pensions minister Guy Opperman has lost his role after being in the post for the past five years. In a statement released today (September 20), Opperman said he had been relieved of his duties on September 8, but delayed the announcement to respect the period of mourning for Queen Elizabeth II. “It has been the honour of my life to serve as a government minister for the last seven years,” he said, thanking his parliamentary and civil service colleagues...

September 21, 2022

NewsRegulation, supervision, UK

21SepSeptember 21, 2022

Ireland to increase state pension for those who work beyond 66

Ireland will offer anyone over 66 a higher state pension the longer they stay in work, sidestepping a recommendation by a government-appointed commission to gradually increase the retirement age to 68 to help fund the ageing population. Under the proposed flexible model agreed by ministers on Tuesday, people will have the option from 2024 to continue working up until the age of 70 in return for a higher pension for each additional year they work. The state pension currently stands at...

September 21, 2022

NewsAdequacy, Ireland, Public Pensions, Retirement Age

21SepSeptember 21, 2022

Ghana. Public Services Pensioners Association inaugurated

The Civil and Local Government Staff Association, Ghana (CLOGSAG), Tuesday inaugurated the Public Services Pensioners Association (PSPA) to support staff on retirement within the Public Services Organisations. The Association would also unite all retirees of CLOGSAG, seek the welfare of members, provide solidarity, promote togetherness, identify problems retirees go through, advocate for the rights of members and lobby the Government to improve the pension system in the country. Mr Bright Wireko Brobbey, a Deputy Minister, Ministry of Employment and Labour Relations (MELR),...

September 21, 2022

NewsGhana, Labor Market

21SepSeptember 21, 2022

Here’s what an aging workforce means for employers in the U.S.

Covid-19 hit our world like a wrecking ball in 2020. Almost overnight, our businesses and schools closed, our communities went into lockdown, and our economies stalled. But even as we grapple with the fallout of the pandemic, new threats are looming, many of them global in scope. The World Bank warns that stagflation will see growth slump from almost 6% to just 2.9% this year. The war between Russia and Ukraine is undermining the delivery of grain, prompting fears of...

September 21, 2022

NewsAging, Labor Market, US

September 2022