News Archives - Page 888 of 922 - Pension Policy International

23JunJune 23, 2017

UK. ‘Triple lock’ is unsustainable, says new Pensions Secretary David Gauke

The pension triple lock is no longer a sustainable policy, the new Work and Pensions Secretary has insisted. David Gauke said the mechanism would remain until 2020, but would then be "reflected" on. The Conservative manifesto pledged to abandon the triple lock on state pensions rises, which sees the state pension rise in line with either wages, inflation or earnings - whichever is highest. However, the flagship pledge was not mentioned in the Queen Speech after the Prime Minister failed to secure...

June 23, 2017

News, SliderUK

23JunJune 23, 2017

EBRD pioneers private pension management in Bosnia and Herzegovina

The EBRD is pioneering the development of private pension management in Bosnia and Herzegovina with an equity investment in the European Voluntary Pension Fund Management Company (EPF) together with Skupna pokojninska družba and the Pension Reserve Fund of Republika Srpska. The EBRD and Enterprise Expansion Fund (ENEF) will jointly invest BAM 1,452,000 (€742,500 equivalent) to purchase 33 per cent of the capital and voting rights in the joint stock company. The investment will allow the fund management firm to become the...

June 23, 2017

News, SliderBosnia & Herzegovina

23JunJune 23, 2017

Global Pension Risk Survey reveals UK progress on de-risking

The biennial survey saw responses from 185 UK schemes, with 4.5 million members and £500 billion of assets. Most apparent among the findings was the growing appetite for de-risking and the increasing range of actions being taken. Matthew Arends, partner at Aon Hewitt said: “The UK findings of this year’s Aon Global Pension Risk Survey report that just 4% of respondents had implemented an Integrated Risk Management (IRM) plan with actions, and 46% either had no IRM plan or had...

June 23, 2017

NewsUK

23JunJune 23, 2017

How This Entrepreneur Cracked The Pension Sector And Got The Fintech World Buzzing

Pension savings is a perennial hot topic, and one that causes no end of confusion and frustration for many people. When investment banker Romi Savova wanted to switch pension provider, even with her industry knowledge, she found it an ordeal. The experience convinced her that the industry needed to change, so in 2014 she took the plunge and swapped her City career for her own fintech startup PensionBee, which allows people to take charge of their own retirement savings. Three...

June 23, 2017

News

22JunJune 22, 2017

Nigeria. NLC asks Cross River to account for N31b bailout fund

The Nigeria Labour Congress (NLC) has asked the Cross River State Governor, Ben Ayade, to account for the N31.1 billion bailout fund the state received from the Federal Government. The Organised Labour in the state had on Monday resumed a total strike it suspended on May 30 demanding the payment of arrears of gratuity, release of promotion letters and many others, saying the Paris fund refund and the bailout funds were meant for payment of salaries, pensions and gratuities and...

June 22, 2017

News, SliderNigeria

22JunJune 22, 2017

Factbox: Ageing Europe could benefit from refugees and migrants – U.N.

Refugees and migrants could help Europe support its ageing population and ease the heavy burden on health and social care systems, the United Nations said on Wednesday. An ageing population is the result of increased life expectancy and lower fertility rates, and puts pressure on stretched healthcare systems, pensions and social care. One in four Europeans is aged 60 or older, with the number set to increase, at a time when mistrust of immigrants runs high in many European countries. The 2017...

June 22, 2017

NewsUN

22JunJune 22, 2017

6 Trends Seen In America’s Retirement Plans

Employer 401k matches and automatic features are a win for all involved. Anyone needing more evidence can find it in a new report that claims over 80 percent of retirement plan sponsors have opted to fund an employee match, up from 69 percent in 2015. These plans are seeing participation rates 19 percent higher than those that don’t fund a match. Additionally, plans that offer both automatic enrollment and automatic increase features have an 80 percent participation rate. It’s part of...

June 22, 2017

NewsUS

22JunJune 22, 2017

UK. Silence on pensions in the Queen’s Speech was a big mistake – Theresa May should have stuck to her instincts

Wednesday's Queen’s Speech was a pot-holed, broken reflection of the manifesto the Conservative Party stood on just two weeks ago. Thankfully a number of the manifesto’s egregious policies didn’t make the Queen’s final pages, but, more problematically, a number of its good ones also felt the executioner’s touch. None more so than the brave changes Theresa May had proposed on pensioner benefits and care. Proposals to means-test the universal winter fuel payment, scrap the triple lock on pensions, and the...

June 22, 2017

NewsUK

21JunJune 21, 2017

UK’s Ageing Workforce Will Decide Our Future After Brexit

Here are some numbers for you to conjure with. In the 10 years to 2022, some 12.5 million jobs will be opened up in the UK through people leaving the workforce, mostly through retirement or ill-health. Over the same period an estimated two million new jobs will be created, given a fair economic wind. Yet based on the number of young people reaching adulthood, just seven million will enter the workforce. Even allowing for the vagaries of economic forecasting,...

June 21, 2017

NewsUK

21JunJune 21, 2017

US. More than 1,200 positions targeted for early retirement, buyouts at EPA

The Environmental Protection Agency is proposing to cut 8 percent of its workforce by early September through early retirement and buyouts. In memo of Acting EPA Deputy Administrator Michael Flynn, and obtained by Federal News Radio, he said the agency plans submitting its agency-wide VERA/VSIP proposal to the Office of Personnel Management and the Office of Management and Budget for approval later this month, with more information about which positions will be included in the program of July. Officials from the...

June 21, 2017

NewsUS

June 2017