March 2019

12Mar

UK. Pension warning for hundreds of thousands of carers

Hundreds of thousands of carers are unwittingly denying themselves a full state pension by failing to apply for carer’s credit. Figures from a Freedom of Information request reveal just 17,388 people received carer’s credit at the end of 2018. But according to government figures, around 200,000 carers are eligible – and most are women. If a carer fails to claim for carer’s credit, they could get less state pension in the future because these credits help plug gaps in...

March 12, 2019
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12Mar

Australia. Innovations in Retirement Income Solutions

The headline gave me hope: “Innovative income product now available for retiring Australians”. It was July 2017. The description of this new product was promising as it was “designed to help Australians more easily and confidently manage their superannuation in the lead up to and during retirement.” But then, like so many times before … ”[A]n account-based pension that offers a flexible and simple way for people to convert their superannuation into a steady income stream.” Lessons for...

March 12, 2019
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11Mar

EU and UK reach agreement over no-deal Brexit insurance rules

In case the UK withdraws from the EU without ratification of the withdrawal agreement, on March 30, 2019, the UK becomes a third country and UK insurance undertakings and distributors lose their right to conduct business across the EU27 Member States. This story is reprinted with permission from the Insurance Coverage Law Center, the industry’s only comprehensive digital resource designed for insurance coverage law professionals. Read more @Property Casualty360

March 11, 2019
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11Mar

The case for betting pensions on start-ups

While cautious funds sit on £2.4 trillion, pressure is mounting to find ways to funnel some of that cash to entrepreneurs Nicole Eagan had every right to be excited as she announced a new funding round for her cyber-security venture, Darktrace, two years ago. The $75m investment marked a “critical milestone” for the start-up, she said, and would allow it to continue along a path of “unprecedented growth”. Darktrace, which uses artificial intelligence to spot and respond to cyber-...

March 11, 2019
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11Mar

These are the 15 best dividend stocks for investing in retirement planning

There are many types of investors in America. Whether you are in your 20s or retired, it is important to know what strategy is the best fit for your portfolio. Investing strategies start to change for investors when they get up into their 50s and 60s, as the retirement age starts to become a future reality rather than a distant blur. And after investors reach their formal retirement age and then grow into their 70s, investing strategies should change...

March 11, 2019
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08Mar

UK. Amber Rudd sparks race row after referring to Diane Abbott as ‘coloured’

Work and Pensions Secretary Amber Rudd has apologised after referring to the shadow home secretary, Diane Abbott, as “a coloured woman.” Rudd made the comments on Jeremy Vine’s BBC Radio 2 show on Thursday, while talking about abuse of women in Parliament. “It definitely is worse if you’re a woman, and it’s worst of all if you’re a coloured woman,” she said. “I know that Diane Abbott gets a huge amount of abuse, and I think that’s something...

March 8, 2019
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08Mar

SA’s pension pot at risk as government seeks funding

The pension pot in South Africa, one of the largest in the world, could be under threat as government, whose debt is growing every year, looks for new funding sources. This according to the Institute of Race Relations (IRR), which warned of a threat by government to stipulate what the pension funds of about 16 million South Africans should be invested in. In its election manifesto, the ANC said it would investigate the introduction of prescribed assets on financial...

March 8, 2019
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08Mar

International Women’s Day: women’s rights on labour wards, pensions, an end to austerity – what we’ll be fighting for in 2019

International Women’s Day 2019, a day celebrating progress and demanding equality, comes after a seismic 12 months. From the growth of #MeToo to Gina Martin’s successful campaign to make upskirting illegal, the power of activism been demonstrated across the world. Meanwhile, a number of campaigns are gathering steam and will be getting louder (and louder) throughout 2019. IWD is marked by celebration, protest and dialogue. It’s a chance to ask each other: where are we? Where do we...

March 8, 2019
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08Mar

China’s pension funds sufficient: official

China's overall income of the pension funds is greater than the expenditure, and the operation of the fund is in good condition, the finance minister said Thursday. "Nationwide, China can ensure that the pension is paid on time and in full," Minister of Finance Liu Kun told a press conference on the sidelines of the annual legislative session. Last year, the income of the corporate pension funds was 3.6 trillion yuan (536 billion U.S. dollars), while total expenditure stood...

March 8, 2019
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07Mar

Nigeria. Pension, Key Component Of Social Security System – PenCom Boss

The Acting Director-General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar has described pension as key component of social security adding that the objectives of pension reform in the country was to reduce old age poverty. Dahir-Umar who made the remark during an interaction with DAILY INDEPENDENT, noted that there were several initiatives embarked upon by governments at all levels to eradicate poverty through gigantic reforms or social security programmes and provide financial support directly to the poor without it...

March 7, 2019
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