News Archives - Page 821 of 952 - Pension Policy International

10JulJuly 10, 2018

US. A record number of folks age 85 and older are working. Here’s what they’re doing.

Seventy may be the new 60, and 80 may be the new 70, but 85 is still pretty old to work in America. Yet in some ways, it is the era of the very old worker in America. Overall, 255,000 Americans 85 years old or older were working over the past 12 months. That's 4.4 percent of Americans that age, up from 2.6 percent in 2006, before the recession. It’s the highest number on record. They're doing all sorts of jobs —...

July 10, 2018

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10JulJuly 10, 2018

India. CAG report points to irregular sanction of pensions

A report of the Comptroller and Auditor General (CAG) of India tabled in the Assembly on Monday pointed out various defects in the implementation of pension schemes and brought out cases in which ineligible candidates were given pension, while some eligible candidates were not considered for the scheme. “Despite a 100% verification of pension eligibility in 2014, audit came across 118 ineligible beneficiaries receiving pension and 934 eligible beneficiaries not receiving pension, indicating the need for continuing periodical verifications,” the...

July 10, 2018

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10JulJuly 10, 2018

UK. Govt mulls flat-rate pension tax relief

The Treasury is considering whether to introduce a flat rate of pension tax relief to help fund the National Health Service. According to The Times, the Treasury has started to investigate the flat-rate proposal and says it could raise an additional £4bn in revenues. In June, the government promised to increase spending on the NHS by £20bn a year and a flat rate could help chancellor Philip Hammond raise money without breaching fiscal rules. Read More: Money Marketing

July 10, 2018

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10JulJuly 10, 2018

Greece. Government exploring ways to suspend pension cuts

The government is hoping that surpluses at the Single Social Security Entity (EFKA) will allow the non-implementation of pre-legislated pension cuts on January 1 next year. With the latest forecasts suggesting that the EFKA surplus could reach 1.3 billion euros by the end of the year, Labor Minister Effie Achtsioglou told Skai TV on Monday she did not rule out that the measure may be suspended, saying that the government will examine the issue after August 20, when Greece leaves...

July 10, 2018

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09JulJuly 9, 2018

Russia. Vladimir Putin’s popularity dips amid retirement age proposal

President Vladimir Putin's popularity has taken a hit amid a controversial proposal to raise Russia's retirement age. The plan was unveiled against the backdrop of host country Russia’s exciting run to the quarterfinals of soccer's World Cup, with some critics accusing the Kremlin of trying to bury the news by announcing it during the tournament. Prime Minister Dmitry Medvedev said the government wants to raise the retirement age for men up to 65 from 60 by 2028, and for women up...

July 9, 2018

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09JulJuly 9, 2018

US. Social Security will survive, but will it be enough?

Many Americans have a curious attitude toward Social Security, presuming the program one day will disappear or get significantly scaled back, but not doing much to prepare for it by saving and investing more. The skepticism about Social Security's future shows up in one consumer poll after the other. For example, just 45 percent of current workers say they are very or somewhat confident that Social Security will continue to provide retirement benefits of roughly equal value to benefits currently...

July 9, 2018

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09JulJuly 9, 2018

Bahrain to host regional pensions conference

Supreme Council for Health (SCH)’s President Lt-General Dr. Shaikh Mohammed bin Abdullah Al Khalifa, the Chairman of Al Hikma Retirees Society, today received a delegation from Takaud Savings & Pensions headed by the company’s chairman Samer Khanachet who delivered invitation to him to attend the Middle East and North Africa (MENA) Pensions Conference 2018. The conference is slated to be held on October 31 under the patronage of the Central Bank of Bahrain (CBB). Lt-General Dr. Shaikh Mohammed expressed his gratitude...

July 9, 2018

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09JulJuly 9, 2018

Japan’s pension fund posts best returns in three years

The world’s biggest pension fund posted its best annual gain in three years despite a loss during the final quarter of its business calendar. Japan’s Government Pension Investment Fund returned 6.9 per cent, or 10.1 trillion yen ($91 billion), in the year ended March 31, with assets totaling 156.4 trillion yen, it said in Tokyo. Domestic stocks were the fund’s best performing investment, adding 5.5 trillion yen, followed by a 3.5 trillion yen increase in overseas shares. Domestic bonds gained...

July 9, 2018

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06JulJuly 6, 2018

Australia. Solvency Of Pension Funds At Risk From Prolonged Low Interest Rates, Say Central Banks

The solvency of private pension funds and insurers would be at risk from continued prolonged low interest rates, the Committee on the Global Financial System (CGFS) said in a report released today. Banks would suffer too, but to a lesser degree, predicted CGFS, a consortium of central banks. The report warned “low-for-long” interest rates could shrink the profitability and strength of financial firms. Read More: Forbes

July 6, 2018

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06JulJuly 6, 2018

Latin America Seen Poised for Rally as Political Dust Settles

The political clouds are clearing, and one of Latin America’s biggest asset managers likes what he sees. "Now that the round of elections in the region have finished, demand and confidence are increasing, and we’re expecting a stronger second half that will help us to reach a 7 percent return," Ignacio Calle, chief executive officer of Medellin, Colombia-based Sura Asset Management SA, said in an interview at his office. Read More: Bloomberg

July 6, 2018

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July 2018