Slider Archives - Page 167 of 454 - Pension Policy International

17JulJuly 17, 2020

World is Facing a Population Bust

In his last book, "Billions and Billions," published in 1997, Carl Sagan wrote: “There is a well-documented worldwide correlation between poverty and high birthrates … exponential population growth slows down or stops when grinding poverty disappears. This is called demographic transition.” More recently, John Ibbitson and Darrell Bricker wrote in their book, "Empty Planet": Read also Australia. Low income earners get further support The great defining event of the twenty-first century — one of the great defining events in human...

July 17, 2020

News, Slider2020, Aging, Labor Market

16JulJuly 16, 2020

UK. Govt’s ‘landmark’ pensions bill proceeds to Commons

The Pension Schemes Bill, which includes rules for pension dashboards and new powers for the Pensions Regulator, has cleared its first hurdle in the House of Lords. Read also UK. Does benchmarking DB transfers against a workplace pension make sense? The bill, originally announced in the October Queen’s Speech, will now pass into the House of Commons where MPs will debate its measures before it receives Royal Assent and is written into law. Read also UK. Proposed Legislation for Losses...

July 16, 2020

News, Slider2020, Coronavirus, COVID-19, Pension Reform, Regulation, UK

16JulJuly 16, 2020

FLF Africa launches Financial Literacy for Coronavirus Alleviation programme

The Financial Literacy Foundation Africa has launched a Financial Literacy for Coronavirus Alleviation programme (FLICA) which aims to provide education on how to handle economic and financial hardships arising from the Covid-19 pandemic. This continental project will take place in all 46 countries in sub-Saharan Africa and aims to achieve financial independence for eight out of every ten individuals by 2030. “The strategic approach will address attitudinal and behavioral barriers to our goal of financial wellness through public education...

July 16, 2020

News, Slider2020, Africa, Coronavirus, COVID-19, Financial Education, Social Protection

16JulJuly 16, 2020

US. DOL Proposes New Rules for Selecting Retirement Plan Investments

If you are a member of the committee for your employer’s pension, 401(k), profit-sharing, or 403(b) plan, you should check out a set of proposed rules for selecting investments. If you have an outside investment advisor, as you probably should, they should be bringing these proposals to your attention. This process of the DOL’s presents a good opportunity to look at your plan’s procedures to assure that you and your advisor are both meeting your fiduciary responsibilities. The Notice...

July 16, 2020

News, Slider2020, Investment, Regulation, US

16JulJuly 16, 2020

Sint Maarten. Government and APS hosting meeting on pension reform

The pension reform legislation has been approved by Parliament, effective July 1, a positive development that will introduce important changes to secure the sustainability of the pension system for the future. The most important changes in the pension reform will be addressed via Zoom video meetings hosted by the General Pension Fund of St. Maarten APS and the government of St. Maarten. There will be two options to attend the virtual meetings and ask questions: Thursday, July 16, 1:00-2:30pm; or...

July 16, 2020

News, Slider2020, Pension Reform, Saint Martin

16JulJuly 16, 2020

Climate activists take Swiss finance regulators to task

Environmental group Greenpeace has filed a formal protest against Switzerland’s financial regulators over their perceived failure to impose climate policy rules. The group called on the financial market watchdog body FINMA, the National Bank as well as the Occupational Pension Supervisory Commission to ensure that banks, insurance companies and pension funds stop financing projects worldwide which are harmful to the climate. These institutions contribute to greenhouse gas emissions of the Swiss finance industry and neglect their duty to protect...

July 16, 2020

News, Slider2020, ESG, Regulation, Switzerland

15JulJuly 15, 2020

Greece’s supreme court rules for reimbursement of pension cuts

The Council of State, Greece's supreme administrative court, on Tuesday issued five rulings awarding back payments of wrongfully cut pensions to pensioners for the period between June 2015 and May 2016, ANA reports. The court found in favor of pensioners that had appealed against the pension cuts, seeking their backdated return for the above period. All those that had contested the cuts in court will receive backdated payments.Those that have not yet initiated proceedings for the return of the sums...

July 15, 2020

News, Slider2020, Greece, Income

15JulJuly 15, 2020

US. Post-pandemic Retirement: Can We Build More Resilient Systems?

Reforming retirement systems is a more urgent imperative globally as the coronavirus pandemic claims jobs, lowers economic growth and investment returns, and threatens to choke funding for already underfunded pension plans. The pandemic is also hastening the imminent insolvency of the Social Security Trust Fund in the U.S., a recent report by the Penn Wharton Budget Model has found. In two recession scenarios the report laid out, the trust fund would run out of money in 2032 or 2034...

July 15, 2020

News, Slider2020, Coronavirus, COVID-19, Pension design, US

15JulJuly 15, 2020

Ireland. Ageing population will have ‘substantial’ impact on government debt – IFAC

The Irish Fiscal Advisory Council (IFAC) has warned that Ireland will soon become one of the fastest ageing populations in the EU. In its first Long Term Sustainability Report, the council said the impact on government debt will be "substantial" and "long-lasting". The percentage of the population aged 65 and over, compared to the numbers aged 15-64, will more than double from 22% today to almost 47% in 2050. This means relatively fewer people working to sustain higher spending...

July 15, 2020

News, Slider2020, Aging, Ireland

15JulJuly 15, 2020

India. National Pension System: Why NPS is an important investment tool for retirement planning

The National Pension System (NPS) is considered one of the best investment tools for retirement planning in India. Investments in NPS are largely focused on generating funds for the retirement of investors as well as giving them a pension. NPS also provides the benefit of tax-saving. This scheme is especially for self-employed professionals, those working in the unorganized sector. You can invest in NPS through two options – auto and active choice. These decide the asset allocation of your...

July 15, 2020

News, Slider2020, India, System sustainability

July 2020