News Archives - Page 834 of 952 - Pension Policy International

22MayMay 22, 2018

US. Government money should help solve this pension crisis

For those of you who do not think about pensions on a daily basis, multiemployer plans are private sector defined-benefit plans created by collective bargaining agreements between a labor union and two or more employers. They typically exist in industries with many small employers. While the majority of multiemployer plans are returning to financial health since the financial crisis, a substantial minority — covering about one million of the 10 million participants — face serious funding problems and could run...

May 22, 2018

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22MayMay 22, 2018

Solving China’s Aging Population Problem

Why is China considering lifting its family-size limits? It may be simple math. By 2030, there will be more people age 65 and older than those 14 and younger. And there are signs its aging workforce may already be chipping into gains in productivity, with the increase in China’s output per hours worked at its lowest level since 1999. Read More: Bloomberg

May 22, 2018

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22MayMay 22, 2018

How Public Pensions Can Start Healing Themselves

Our discussion last week about representatives of the League of California Cities urging CalPERS, the state’s huge pension fund for public employees, to juice up investment returns generated a lot of interesting feedback. It is clear that public-pension funds need some help. Rather than offer specific investment recommendations, I am going to make some suggestions to help them think about what they should be considering when reviewing their own portfolios. It is important for managers and public representatives to understand what...

May 22, 2018

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21MayMay 21, 2018

Many of Portugal’s pensioners will see pensions rise next year

Many of Portugal’s pensioners will see their pensions rise next year as up to eighty percent are due an increase. Of the 3.6 million pensions that were revised in 2018, about 2.9 million were increased above inflation. And the current rate of growth of the economy means a new rise could be due next year. Read More: The Portugal News

May 21, 2018

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21MayMay 21, 2018

Malta. The poverty of pensions – Michael Briguglio

In my article entitled ‘The pensions myopia’ (April 30) I argued that the government may be over-optimistic in its projections regarding the sustainability of state pensions in the coming years. I also proposed a national consensus on the matter in the interest of future pensioners. In this article I would like to discuss the current pensions system and the way it is affecting today’s pensioners. It is no secret that many pensioners are facing hard times in trying to make...

May 21, 2018

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21MayMay 21, 2018

France. Reshaping pensions: President Macron’s ambitious plans

France has a complex, inequitable pensions system; and a powerful, well dug-in set of unions. The president’s stated goals have put him on a collision course with both: David Whitehouse considers his policy of equal benefits for equal contributions ‘Demography is destiny’ is a powerful idea – and one with substantive repercussions for developed countries facing ageing populations, increased life expectancy and rising incidents of long-term medical conditions, while saddled with pension systems conceived in a different era. It seems the...

May 21, 2018

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21MayMay 21, 2018

Brazil’s Biggest Pension Fund Turns Into a $50 Billion Activist

When BRF SA, the Brazilian food giant that produces everything from chicken to chocolate pies, reported a record annual loss for 2017, it took less than 48 hours for its second-largest shareholder to act. Previ, Brazil’s biggest pension fund, sent a letter in February demanding BRF Chairman Abilio Diniz convene a shareholder meeting to remove the entire board, including himself. After a two-month fight, Previ got its way: Investors voted in five new directors and replaced Diniz with Pedro Parente,...

May 21, 2018

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18MayMay 18, 2018

Pensioners prime market for robo-advice

There is considerable opportunity to provide robo-advice to pensioners seeking affordable, accessible and personalised advice, according to GlobalData. The company’s 2017 Life & UK Pensions Survey found that 63 per cent of individuals accessing financial advice used it to discuss pensions, which usually was through visiting online platforms that provided automated advice. GlobalData pointed to the cheaper fees and ability to engage with services more frequently through robo-advice as key to its appeal to pensioners. Read more @Money Management

May 18, 2018

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18MayMay 18, 2018

America’s back-up retirement plan: Work

America's backup retirement plan is, well, work. More than one in three American workers are using the "gig economy" to find full- or part-time work, and for roughly one-third of that group, the side gig is specifically aimed at increasing their retirement savings, according to a new study by financial advisory firm Betterment. Perhaps not surprisingly, the older the worker, the more likely the side gig is aimed at building that retirement nest egg. Just 42 percent of those under...

May 18, 2018

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18MayMay 18, 2018

Save for our pensions? We millennials can barely find the money to live

I’m yet to see a zombie movie that portrays the most likely way that a post-apocalyptic world will play out: hungry pensioners roaming around; not yet dead, but no pension to keep them fed, looking for an arm to gnaw on. If you think I’m being disrespectful to elderly people, I’m not: that’s my future I’m talking about. Wednesday’s Royal London report, suggesting millennials need to save £260,000 for a pension, is exactly the sort of thing that could...

May 18, 2018

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May 2018