February 2019

19Feb

Ireland. Community Employment supervisors protest over decade-long pensions dispute

Community Employment (CE) supervisors are protesting outside the Department of Finance this afternoon over a 10-year pensions dispute. Around 1,250 CE supervisors and assistant supervisor do not get access to any occupational pension scheme and are now calling on Finance Minister Paschal Donohoe to implement a 2008 Labour Court recommendation. Speaking at the rally retired CE supervisor Paddy Quinn said:"In 2008 the Labour Court issued a recommendation saying that CE supervisors and assistant supervisors should be given access to...

February 19, 2019
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18Feb

Ireland. Community employment scheme supervisors to strike

Demonstrations to take place at Intreo offices on Monday over demands on pension rights Up to 500 community employment scheme supervisors are expected to go on strike today amid demands for access to enhanced pension rights. The strike, organised by SIPTU and Forsa members, will see demonstrations at Intreo offices around the country and a central protest at the Department of Finance in Dublin, held at midday. Speaking last week, the general secretary of the Irish Congress of Trade...

February 18, 2019
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18Feb

10 Critical Questions About Retirement Plan Cybersecurity

Congress is taking an interest in cybersecurity specifically as it relates to retirement plans, providers, sponsors and participants. Senator Patty Murray, D-Wash., and Congressman Bobby Scott, D-Va., asked 10 important questions (more actually, since each have multiple parts) of the Government Accountability Office last week, seeking answers about protections in place, and what more should be done moving forward. “Under current law, retirement plan fiduciaries are responsible for designing and administering plans in the best interest of plan participants,”...

February 18, 2019
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18Feb

Aging Americans are a big market for tech investors, who also want to monitor their parents

Greg Yap is a venture capitalist looking for the next big thing in digital health. At age 45, he's also the father of young kids and the son of an aging mother, who lives nearby in an independent living facility. On days he can't visit his mom and doesn't hear from her, he still wants to know how she's doing. So he's combining his personal concerns as a son with his job as an investor and experimenting with new...

February 18, 2019
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15Feb

Brazil stocks fall over pension reform anxiety

Brazilian stocks fell on Thursday as investors were cautious on pension reform progress and markets awaited further hints from tariff talks between the United States and China. A weaker dollar did little to help Latin American currencies, which fell. Stocks on the Bovespa fell 0.7 percent led by declines in financials as investors eyed a meeting between President Jair Bolsonaro and Economy Minister Paulo Guedes where they are expected to...

February 15, 2019
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15Feb

UK expats in EU could face frozen pensions

Brits across the EU could lose their special status and have their state pensions frozen if an agreement is not reached between the EU and UK ahead of the 29 March. Currently, people living in countries that do not have reciprocal agreements with the UK, or don’t have legal requirements for expat pensions, will not receive yearly increases (uprates) in their state pension. There are currently around 510,000 people receiving this payment abroad, with 84% of them having retired...

February 15, 2019
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15Feb

Canada Pension Plan posts 1.1 percent return in latest quarter

The Canada Pension Plan Investment Board (CPPIB), Canada’s biggest public pension fund, on Thursday reported a net return of 1.1 percent on its investments in the third quarter of its fiscal year. The CPPIB, which manages Canada’s national pension fund and invests on behalf of 20 million Canadians, said its net assets totaled C$368.5 billion ($278 billion) at Dec. 31, 2018, compared with C$368.3 billion three months earlier. For the nine months to Dec. 31, the CPPIB posted a...

February 15, 2019
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15Feb

Why Full Retirement Age Is So Important For Social Security

As most people are aware, you can start taking your Social Security benefit as early as 62. You can also delay taking benefits until you are 70. In between 62 and 70 is what’s called your “Full Retirement Age.” Understanding the distinctions of “Full Retirement Age” is an integral part of your claiming strategy. There are basically four factors that determine your claiming strategy and ultimate amount of lifetime benefits you will receive. Three of which you can control...

February 15, 2019
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15Feb

Boomers’ Retirement Reality Requires Careful Planning

Work longer or reduce your standard of living – or do some combination of the two. These are the hard choices facing most working boomers as they transition out of the workforce and into retirement. The fact is, most boomer workers haven’t accumulated sufficient savings to retire full-time at age 65 and meet the goals that financial advisors commonly express for retirement income, according to a recent report from the Stanford Center on Longevity (SCL). This report analyzes boomers’...

February 15, 2019
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14Feb

Pensions: Council confirms agreement on pan-European pension product

EU institutions agreed new rules that will make it easier for people to put money aside for their retirement. EU ambassadors today endorsed the agreement reached between the presidency and the European Parliament on 13 December on the proposed 'pan-European pension product' (PEPP), a new class of personal pension scheme. The draft regulation is aimed at providing greater choice for people who wish to save for their retirement, and at the same time boosting the market for personal pensions....

February 14, 2019
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