February 2020
14Feb

Denmark’s Largest Pension Fund to Launch Sustainable Vehicle

By Michael Katz PFA, Denmark’s largest pension fund with DKK560 billion ($82 billion) in assets, is launching a pension product that allows participants to invest their retirement savings in climate-focused investments that it says will be carbon neutral in five years at the latest. Beginning this summer, PFA Climate Plus will be available to the fund’s customers to allow them the opportunity to “significantly step up” how much their pensions contribute to cutting carbon dioxide emissions, the fund said. “As Denmark’s...

February 14, 2020
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13Feb

Gig economy sucking super savings dry

By  Ally Selby  It's causing everyday Aussies to retire with much less, forcing the country's taxpayers to carry the added costs, according to a Treasury submission by the Actuaries Institute. I n a paper submitted to the Treasury's Retirement Income Review Panel, the Institute warned of the new risks to Australia's superannuation system. "The gig economy... creates a new set of problems with respect to the superannuation guarantee (SG) system," it said. "It provides people with different types of jobs...

February 13, 2020
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12Feb

Need for pensions reform in Zimmbabwe

By Abisha Ndoro The occupational pension fund industry in Zimbabwe is a national crisis. A collective introspection by industry practitioners, boards of trustees, regulators, policymakers and other stakeholders is now necessary in addressing the myriad of underlying problems and reposition pension funds on a platform of long-term sustainability for future generations of retirees. The purpose of this, and subsequent articles, is to begin a process of stimulating debate as we examine the problems besetting the pensions system and crystallise...

February 12, 2020
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06Feb

Ageing and the Elderly in Rwanda – The Missing Voice

By Francis Davis In June the Commonwealth Heads of Government (CHOGM) will meet in Kigali the capital of Rwanda . They have chosen ‘youth’ as their theme. Despite its ferocity the Rwandan genocide remains a closed book to many outside central and East Africa. While the UN dithered and major global newspapers failed to despatch reporters to cover the carnage, 800,000 people were murdered - often by hand - in a few short months. Many in London,...

February 6, 2020
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January 2020

20Jan

Costa Rica: Increase In The Social Security Contribution Towards Disability, Old Age And Death

By Anna Karina Jiménez, Gloria Leandro the amendment to Transitory XI of the social security contribution towards Disability, Old Age and Death (IVM by its Spanish acronym) Regulation was published, accepting the recommendation of the Dialogue Board of 2017, which proposed accelerating the implementation period of the established steps for the contribution amounts of the IVM, by the Board of Directors of the Social Security Administration (CCSS) in 2005, so that, as of January 2020, instead of applying...

January 20, 2020
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16Jan

Why we need to scrap jargon to make pensions easier to understand – Ros Altmann

By Ross Altman THE Government has just finished its consultation on the introduction of simpler, standardised annual pension statements. I applaud its aims of helping people understand and engage with their pensions. My response to the consultation supports the simple two-page statement, showing each customer’s pension value, how much they have paid into it, how much has come from their employer and the Government, what charges they pay and how much their pension may be worth in future (using standard...

January 16, 2020
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10Jan

The end of Retirement

By John D. Stoll. It took about six years of annual asset reviews with my financial planner, Joe Mackey, to confront a big question. After I spent my entire adult life trying to save enough to quit working by 65, Mr. Mackey wanted to know what my rush was. “Do you even think you’ll want to retire?” I’m a 42-year-old writer with a job offering travel, intellectual grist and social connection. With few hobbies and an allergy for sitting still, it’s...

January 10, 2020
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09Jan

Solving Chile’s Crisis Starts With Fixing Its Pension System

BY JORGE HEINE Protesters cite the Pinochet-era retirement scheme as their top grievance. Fixing it will mean a return to basic principles of social security. As Chile’s protests continue into the new year, it is important to understand the reasons behind the public’s frustration – and for policymakers to come up with ways to address it. In that, no issue is more important than Chile’s private pension scheme, singled out in opinion polls as the most important issue for...

January 9, 2020
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07Jan

Beyond green ambitions

By Liam Kennedy Europe has lofty ambitions as it positions the European Green Deal as Europe’s growth plan for the coming decade and beyond. There is much to do to promote sustainability in Europe and the EU can undoubtedly blaze a trail. But the incoming Commission will also need to maintain its focus on the Capital Markets Union (CMU), the flagship economic policy of the previous Commission. One element of the CMU as announced in 2014 was indeed to foster...

January 7, 2020
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December 2019

26Dec

US. Why states must address pension reform now, before it’s too late

By Keith Greinet and Seth Grove  It’s been quite a while since the American economy has performed as well as it is now doing. Joblessness has sunk to record lows, causing some analysts to suggest we may be as close to full employment as we’re ever going to get. Core inflation remains under control, wages are rising and the U.S. Treasury just announced record total tax revenues of $470 billion for the first two months of the new...

December 26, 2019
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