September 2019

26Sep

Pension Insurance Market: Development History, Current Analysis and Estimated Forecast to 2026

The report titled “Pension Insurance Market” offers a primary overview of the Pension Insurance industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global Pension Insurance market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the Pension Insurance industry. Historical Forecast Period 2013 – 2017 – Historical Year for Pension Insurance Market 2018 – Base Year for Pension Insurance Market...

September 26, 2019
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26Sep

EU. Pensions Inadequacy: The High Fees Often Charged By European Pension Providers Prevent Many EU Citizens From Enjoying A Decent Retirement

For the seventh year in a row, BETTER FINANCE embarked on the herculean task of gathering all the data on private pensions in 17 EU Member States and published its annual report on the real net returns of long-term and retirement savings in Europe. Despite the fact that the European Supervisory Authorities (ESAs) have a legal duty to collect, analyse and report data on “consumer trends” in their respective fields, the “Pension Savings – The Real Return” Report remains...

September 26, 2019
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25Sep

UK watchdog threatens to shut ‘problematic’ pensions advisers

Britain's markets watchdog threatened on Tuesday to close "every single advisory firm" that continues to wrongly tell people to cash in their defined benefit pensions. Megan Butler, executive director of supervision at the Financial Conduct Authority (FCA), said the behavior among financial advisers was "shocking" and "problematic". Lawmakers have criticized the FCA for being too slow to stop advisers telling steelworkers in Wales to cash in their defined benefit pensions that are pegged to salaries rather than the ups...

September 25, 2019
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25Sep

Ghana Pension Funds Are Shielded From Crisis-Hit Ghana. Money Managers

Ghana’s pension funds are safe from the crisis engulfing money managers caught in the aftermath of a banking-industry cleanup. “The only way some may have been affected is if they made fixed-term investments with some of the banks that were shut down,” Hayford Attah Krufi, chief executive officer of the National Pensions Regulatory Authority, said in an interview. “But, because the government bailed out depositors, those investments are still safe.” The West African nation’s markets regulator is investigating 21...

September 25, 2019
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25Sep

Ageing right in Taiwan

The world’s population is getting older and in some places — especially Taiwan — at a relatively quick pace. Nine per cent of the world’s population is over 65 years old. In East and Southeast Asia, that figure jumps to 11 per cent. In Taiwan, 14 per cent of the population is over the age of 65 and will reach 20 per cent by 2026. Meanwhile the working population, aged between 15–64 years, peaked in 2015 and began shrinking...

September 25, 2019
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25Sep

The Shift from Defined Benefits to Defined Contributions

We’ve been talking about asset management—which we’ve classified as the management of corporate and institutional investments—and how its very structure has been changing, largely due to innovative and disruptive technology. The first article on this topic circumscribed the rise of asset management in the latter half of the last century and how it enjoyed a 40-year window of unparalleled growth, disrupted finally by economic upheaval and the upsurge in consumer demand, technology, and especially data. How the free flow...

September 25, 2019
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24Sep

Pension funds and insurers pledge climate action at U.N. summit

* New coalition wants to spur faster energy transition * Pension funds and insurers commit to zero carbon portfolios * Asset owners to engage with companies, but may also divest Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors. German insurer Allianz, the California Public Employees’ Retirement System (CalPERS), and Swedish pension fund Alecta were among the founders...

September 24, 2019
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24Sep

Ghana. NPRA assures workers of payment of Three-Tier pension benefits

The National Pensions Regulatory Authority (NPRA) has given the assurance that the industry was ready for the first batch of Ghanaian workers who would be retiring at age 60 in 2020 to begin enjoying their benefits under the new Three-Tier Pension Scheme. As of December 2018, the total Pension Fund had increased to Gh¢22.2 billion from the about Gh¢20.7 billion in 2017. This is made up of Gh¢13.1 billion of Assets Under Management (AUM) for Private Pension Funds and...

September 24, 2019
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24Sep

US. Financial Fails in Retirement Planning

Big or small, missteps with our money can harm our financial future. Here are some of the most common financial fails, and how to avoid them. 1. Failing to Save We used to think of retirement planning like a three-legged stool. Retirees could rely on a pension from their employer, Social Security from the government and their own retirement savings. Those three legs created a nice nest egg. Now, with pensions becoming a thing of the past and the...

September 24, 2019
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24Sep

Namibia.Pension funds’ trustees not independent

The financial regulator revealed this in their 2019 annual report, noting that there is a presence of conflict of interest in some pension funds, while the composition of certain boards of trustees was not in line with fund rules. According to Namfisa, there were 134 pension funds under their watch as of 31 December 2018, with a combined value of N$158 billion. Namfisa is mandated to regulate and supervise financial institutions as well as to ensure a safe, stable...

September 24, 2019
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