January 2022
17Jan

Why Women Need to Take a More Active Role in Their Financial Futures

By Stacia Williams Too many women leave decisions about their financial futures to their husbands — and that’s hardly a retirement plan. And because women tend to live longer than men, it’s imperative that they take an active role in plotting out what’s happening with the money that will see them through the latter part of their lives. How to go about that? Any good retirement plan breaks down into five areas: income, investments, taxes, health care and legacy. Retirement income typically...

January 17, 2022
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Pensions and demographic risks
14Jan

Pensions and demographic risks

Different demographics of the population experience different pension risks, depending on age, location and various other factors. Read also Pensions in Germany: How the new government plans to solve an age-old issue Also, the fact that the UK population is getting older and living for longer could be viewed as a demographic risk in itself. Read also UK. Double tax whammy risk for big pension withdrawals As Jon Young, financial planner at WealthFlow, says: “Your pension pot has to last for longer and...

January 14, 2022
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14Jan

1 in 5 Women Are Facing Retirement Setbacks Due to Pandemic

The pandemic is contributing to a widening wellness gap between men and women. In particular, as the public health crisis lingers, women in the workforce are reporting burnout at twice the rate of men, as well as shouldering greater mental health burdens than most other groups of workers. Read also US. The clock is ticking on retirement security bills, industry experts say According to a new retirement survey from insurance and financial services company Nationwide, women's prospects for retirement are suffering,...

January 14, 2022
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Jamaica launches historic tourism pension scheme
14Jan

Jamaica launches historic tourism pension scheme

Jamaica’s tourism industry made history on Wednesday with the launch of the long-awaited Tourism Workers Pension Scheme (TWPS). Read also Estonia. State to provide option of increasing second pension pillar deposits The scheme is expected to, directly and indirectly, benefit hundreds of thousands of people employed in the industry. Read also Wages and pensions fall in Uruguay due to economic policy A defined contributory plan supported by legislation, the pension scheme will require mandatory contributions by workers and employers. Read also Jamaica. Informal Sector...

January 14, 2022
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14Jan

UK. FCA’s SDR intent welcomed; greenwashing fears remain

The Financial Conduct Authority's (FCA) proposals on sustainability disclosure requirements (SDR) have been welcomed by industry experts, although concerns remain over the need for one "harmonised" and understandable system for all investment products. The regulator previously launched a discussion paper seeking views on the proposed SDRs for asset managers and FCA-regulated asset owners, which aim to “empower” pension scheme trustees to consider climate-related factors in their decision making. Industry organisations have welcomed the FCA’s intention behind the proposals, with Interactive Investor...

January 14, 2022
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14Jan

Pensions in Germany: How the new government plans to solve an age-old issue

Germany's ageing population continues to cause uncertainty about the future of the pension system. Here's how the new government is planning to make ends meet. The issues with Germany’s pensions pot are well documented. Thanks to the country’s ageing population, over the next 10-15 years, a huge number of people will go from being tax payers to pension recipients, creating a troubling imbalance between people paying into the system and people drawing money out. It’s a problem that has been plaguing...

January 14, 2022
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Pensions and benefits will not keep up with cost of living, warns think tank
13Jan

Pensions and benefits will not keep up with cost of living, warns think tank

Benefits should rise to match the soaring cost of living as millions face crippling price rises driven by energy bills, a think tank has said. Read also UK. Pensions largest component of household wealth – ONS Many benefits and the state pension are inflation-linked, but - by convention - rates for this year were set before prices started rising rapidly. Read also UK. Parliament moves to ban flat fees on small pots It means most will only go up by 3.1% in April,...

January 13, 2022
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Pensions will continue to grow in Ukraine in 2022 - Shmyhal
13Jan

Pensions will continue to grow in Ukraine in 2022 – Shmyhal

Pension payments will continue to grow in Ukraine in 2022, Prime Minister Denys Shmyhal has said. He said this at a government meeting on Wednesday, January 12, according to an Ukrinform correspondent. "An increase [in pensions] is expected this year. There are quite a few stages. In particular, the indexation of pensions is planned from March, including for working pensioners, and the program of additional payments will be extended to persons over 70 years of age. Recalculations will be made for...

January 13, 2022
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Opinion: Do ‘ethical’ pension funds have a private equity problem?
13Jan

Do ‘ethical’ pension funds have a private equity problem?

By Brett Arends The people running public pension plans these days like to boast about their “ethical” investment policies, for example when it comes to the environment or “diversity, equity and inclusion.” Meanwhile they pour billions of dollars into secretive private-equity funds in pursuit of extra profits. Now comes yet more evidence that some of those private-equity managers in turn are using that money for the opposite of ethics. “Private equity ownership leads to an increase of 147% in the percentage of… financial...

January 13, 2022
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12Jan

Wages and pensions fall in Uruguay due to economic policy

Wage drops and pension losses foreshadowed today a 2022 of economic restrictions in Uruguay, according to data provided by representatives of the Social Security Bank (PBS for its acronym in Spanish). The year before closed as the second consecutive year of the current right-wing coalition government, in which the adjustment of the salary of the workers was lower than inflation, which also means that retired people will receive a pension below the level of consumer prices. Ramón Ruiz, director of the...

January 12, 2022
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