August 2019

08Aug

Towards A Single European Market On Private Pensions – The Pan-European Personal Pension Product

Saving for retirement will soon be facilitated by a personal pension product with truly pan-European characteristics. On 25 July 2019, the Regulation on a pan-European Personal Pension Product (PEPP Regulation) was published in the Official Journal of the European Union and will enter into force on 14 August 2019. The PEPP Regulation constitutes an opportunity for Luxembourg players to position themselves on the European private pensions market with this new PEPP product that could be distributed in the entire...

August 8, 2019
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08Aug

Argentina. Negative PASO result for Macri would unleash market turmoil, warn analysts

ith the PASO primaries looming and polling gone dark, the question on the lips of most local and international observers is by what margin Frente de Todos presidential candidate Alberto Fernández will lead President Mauricio Macri by come Sunday night – and what will be the economic response come Monday morning. The prevailing wisdom is that a five percent or greater victory by Fernández over President Mauricio Macri would spook investors and international economic interests, exacerbating fears of...

August 8, 2019
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08Aug

2019 Report on Smart Aging/eHealth: A Key Silver Economy Sector

The "Smart Aging - eHealth: a Key Silver Economy Sector" report has been added to ResearchAndMarkets.com's offering. This report sets out to answer the following questions: Who are the key smart aging stakeholders? What smart aging solutions are available today? What was the driving force behind their development? What costs are involved and what methods of financing can be leveraged for these solutions? The report provides a benchmark of the technological solutions designed to promote and maintain seniors' independence...

August 8, 2019
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07Aug

Five million at risk of pension scam, UK Regulator warns

The pension pots of five million savers are at risk from crooks, new research reveals. Figures from the Pensions Regulator and the Financial Conduct Authority showed 42% of working Brits aged 45-65 would fall for at least one scam tactic that's already out there. And even the cleverest savers are at risk thanks to "blind spots" exploited by criminals. Psychologist Honey Langcaster-James explained: “Most people are confident in their ability to avoid being scammed. We tend to assume that...

August 7, 2019
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07Aug

Nigeria. FITC explores opportunities in fintech

Operators in the financial services sector have said the industry has experienced disruption because of the innovation related to technology. They also said fintech presented a huge opportunity for the financial sector, especially in getting more unbanked to embrace financial services. They spoke in Lagos during the Financial Institutions Training Centre’s ‘Thought leadership series 2.0’ event, which focused on the implications of disruption of the banking industry by financial technology. The event was attended by industry leaders from the...

August 7, 2019
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07Aug

Japan’s Government Pension Investment Fund to Support ADB’s Green Projects

The Asian Development Bank (ADB) and Japan’s Government Pension Investment Fund (GPIF) recently formed a partnership to support green project financing through investments in ADB’s green bonds. “We are pleased to collaborate with GPIF on this important initiative that promotes environment-related investments in Asia and the Pacific and is closely aligned with ADB’s development mandate,” ADB President Mr. Takehiko Nakao said. ADB issues green bonds to finance projects in the Asia and Pacific region that help its developing member...

August 7, 2019
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07Aug

Stanford analyzed 292 retirement strategies to determine the best one—here’s how it works

In 2017, the Stanford Center on Longevity analyzed 292 different retirement income strategies and determined the best way for most people to withdraw their savings. It’s called the “spend safely in retirement strategy” (SSiRS) and involves two basic components: delaying Social Security benefits and creating an “automatic retirement paycheck.” In a new 2019 report, “Viability of the Spend Safely in Retirement Strategy,” the research team took a deeper dive into the SSiRS and explored different ways to implement it....

August 7, 2019
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06Aug

Early retirement is becoming more and more popular in Germany

To many people, it may seem like a far-fetched dream, but to an increasing number, early retirement is becoming an everyday reality. For some time now, workers in Germany have been able to pay additional contributions towards their pension in order to be able to retire early without penalties. The latest figures show that the scheme is becoming more and more popular - but it costs a pretty penny. Voluntary pension contributions on the up The Deutsche Rentenversicherung, the...

August 6, 2019
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06Aug

Sri Lanka has second highest welfare coverage in Asia

Sri Lanka has the second highest welfare coverage in Asia, albeit with low spending per person, while other forms of social protection are below par, the Asian Development Bank said. The Social Protection Indicator for Asia Report said that Sri Lanka has the second highest social assistance (welfare assistance and child, elderly and disability assistance) coverage, reaching 54.7 percent of the programs' intendent recipients, behind Thailand's 60 percent. "Sri Lanka’s coverage was well balanced along with welfare assistance, including...

August 6, 2019
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06Aug

HSBC UK pension completes £7bn longevity swap with Prudential

The Prudential Insurance Company of America (PICA), a subsidiary of Prudential Financial, Inc., has completed a longevity swap transaction with the HSBC Bank (UK) Pension Scheme. The longevity swap is the second largest transaction ever completed for a UK pension scheme, and concerns the longevity risk in relation to c£7 billion of pensioner liabilities. The new longevity insurance policy forms part of the Pension Scheme’s investment portfolio and is structured as an insurance contract with a HSBC-owned captive insurer...

August 6, 2019
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