June 2018

30Jun

Later Pension, Poorer Health? Evidence from the New State Pension Age in the UK

By Ludovico Carrino (King's College London; Ca Foscari University of Venice - Dipartimento di Economia), Karen Glaser (University of London - Department of Social Science, Health and Medicine (SSHM)) & Mauricio Avendano (King's College London) This paper examines the health impact of UK pension reforms that increased women’s State Pension age for up to six years since 2010. Exploiting an 11% increase in employment caused by the reforms, we show that rising the State Pension age reduces physical and mental...

June 30, 2018
Aging, Articles, Pension design, , , ,
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25Jun

The Effects of Means-Tested, Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms

By Italo Garcia (RAND Corporation) & Andres Otero (Independent) Chile initiated in 1981 a privately managed, individual-account pension system that inspired similar reforms in many Latin American countries, and that has been considered as a possible model for Social Security in the United States. After 30 years in place, the Chilean pension system has been criticized for replicating existing inequalities in labor markets and increasing the risk of old-age poverty; for achieving lower levels of coverage; and for providing low...

June 25, 2018
Articles, Pension design, System Sustainability, , ,
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16Jun

Third Party Administration of Insurance & Pension Revenues in Germany: Product Revenues in Germany

By Editorial DataGroup Europe The Third Party Administration of Insurance & Pension Revenues Germany eBook provides 14 years Historic and Forecast data on the market for each of the 22 Products / Services covered. The Products / Services covered (Third party administration of insurance & pension Lines) are classified by the 5-Digit NAICS Product Codes and each Product and Services is then further defined and analysed by each 6 to 10-Digit NAICS Product Codes. In addition full Financial Data (188...

June 16, 2018
Books, Management, Pension design, ,
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16Jun

The Effects of Means-Tested, Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms

By Italo Garcia (RAND Corporation) & Andres Otero (Independent) Chile initiated in 1981 a privately managed, individual-account pension system that inspired similar reforms in many Latin American countries, and that has been considered as a possible model for Social Security in the United States. After 30 years in place, the Chilean pension system has been criticized for replicating existing inequalities in labor markets and increasing the risk of old-age poverty; for achieving lower levels of coverage; and for providing low...

June 16, 2018
Articles, Pension design, Regulation, , , , ,
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10Jun

Pension Markets in Focus

OECD Recent years have witnessed intense pension reform efforts in countries around the globe, often involving an increased use of funded pension programmes managed by the private sector. These funded arrangements are likely to play an increasingly important role in delivering retirement income in many countries and privately managed pension assets will play an increasing role in financial markets, notably as a source of long-term savings. This annual report, which now covers 85 countries, gives an overview of private pension systems worldwide and...

June 10, 2018
Books, Management, Pension design, Regulation, ,
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04Jun

Management and Regulation of Pension Schemes: Australia a Cautionary Tale (Routledge Research in Finance and Banking Law)

By Nicholas Morris Perhaps the greatest long-term challenge facing modern economies is how to pay for the living expenses and care costs of the elderly. Following policy decisions made in Australia in the 1990s, a substantial part of the pension requirements of the next cohort of retirees will be met from savings accumulated during working years. The effective management of these savings is crucial. If they are invested wisely, the assets available to fund pensions and care will grow; if...

June 4, 2018
Books, Management, Pension design, Regulation, ,
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04Jun

Towards an Equitable and Sustainable Points System. A Proposal for Pension Reform in Belgium

By Erik Schokkaert (Catholic University of Leuven (KUL)), Pierre Devolder (Catholic University of Louvain), Jean Hindriks (University of London - School of Economics and Finance) & Frank Vandenbroucke (University of Amsterdam) We describe the points system as proposed by the Belgian Commission for Pension Reform 2020–2040. Intragenerational equity can be realised through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter for...

June 4, 2018
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May 2018

21May

Golden Handcuffs and Corporate Innovation: Evidence from Defined Benefit Pension Plans

By Huu Nhan Duong (Monash University - Department of Banking and Finance; Financial Research Network (FIRN)), Bin Qiu (Missouri Western State University, Craig School of Business) & S. Ghon Rhee (University of Hawaii - Shidler College of Business; University of Hawaii - Department of Financial Economics and Institutions) This study takes advantage of sharply nonlinear funding rules for tax-qualified defined benefit (DB) plans to identify the effects of employees’ deferred compensation on corporate innovation. We find that firms with higher...

May 21, 2018
Articles, Pension design, ,
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14May

Retirement Really is Different

By Jeremy Cooper (Challenger Limited), Aaron Minney (Challenger Limited) & Amara Haqqani (Challenger Limited) Australia’s retirees are living longer, saving more and becoming increasingly self-reliant. Superannuation is moving from supplementing the age pension to substituting it for an increasing proportion of retirees, with only 42% of over-65s on a full age pension. This is forecast to decrease as super increasingly reduces the need for government assistance. Australia's super system is more mature than most people realise, with typical household superwealth...

May 14, 2018
Articles, Pension design,
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