Slider Archives - Page 382 of 454 - Pension Policy International

18MayMay 18, 2018

America’s back-up retirement plan: Work

America's backup retirement plan is, well, work. More than one in three American workers are using the "gig economy" to find full- or part-time work, and for roughly one-third of that group, the side gig is specifically aimed at increasing their retirement savings, according to a new study by financial advisory firm Betterment. Perhaps not surprisingly, the older the worker, the more likely the side gig is aimed at building that retirement nest egg. Just 42 percent of those under...

May 18, 2018

News, SliderUS

18MayMay 18, 2018

Save for our pensions? We millennials can barely find the money to live

I’m yet to see a zombie movie that portrays the most likely way that a post-apocalyptic world will play out: hungry pensioners roaming around; not yet dead, but no pension to keep them fed, looking for an arm to gnaw on. If you think I’m being disrespectful to elderly people, I’m not: that’s my future I’m talking about. Wednesday’s Royal London report, suggesting millennials need to save £260,000 for a pension, is exactly the sort of thing that could...

May 18, 2018

News, OP Ed, SliderUK

18MayMay 18, 2018

Hong Kong faces challenge in how to manage its ageing population

According to “Hong Kong Population Projections 2015-2064”, the number of elderly people, those aged 65 or older, in Hong Kong will reach 2.58 million by 2064, around 35.9 per cent of the population. The work force, those aged 15 to 64, will shrink to 3.92 million, or 54.6 per cent of the population). In 2014, the elderly dependency ratio was 198, meaning each elderly person was supported by 2.4 of working age. The ratio is projected to jump to 567...

May 18, 2018

News, SliderHong Kong

16MayMay 16, 2018

US. An increasing number of savers are rejecting retirement accounts in favor of these investments

More people are stashing their money in taxable accounts and less so in employer-sponsored retirement plans. Ownership of taxable brokerage accounts jumped 10 percentage points over the last five years, and checking, saving and CD accounts increased 9 percentage points, according to retail investor data firm Hearts & Wallets. Meanwhile, ownership rates remained the same for employer-sponsored plans like a 401(k), but consumers were contributing less — a total decline of 5 percentage points. Accounts with specialties, like Roth retirement plans...

May 16, 2018

News, SliderUS

16MayMay 16, 2018

UK. Key findings from the MPs’ report into Carillion’s collapse

A report into the collapse of Carillion by two parliamentary select committees has spread the blame liberally among the directors of the company, its auditors, the regulators and the government. Here are the key findings from the report: Directors The committees found that the directors sought to increase dividends and protect executive bonuses as the company began to unravel, while funding the pension scheme was “treated with contempt”. Their report urged the government’s Insolvency Service, which is still trying to salvage jobs from the wreckage of Carillion, to consider whether directors...

May 16, 2018

News, SliderUK

16MayMay 16, 2018

The pensioners retiring overseas because they can’t afford Australia

On a cobbled street in the south of Spain, Norah Ohrt lives like a typical Andalusian in a little white house with red flowers blooming from the windows. It's a world away from what her life would be like if she was still living in Australia. The 71-year-old former gallery owner says that in Perth she'd be living in state housing, surviving "on the smell of an oily rag on the Australian pension". With property prices and cost of living on...

May 16, 2018

News, SliderAustralia

16MayMay 16, 2018

What Returns Do You Give Up for Doing Good?

Environmental, social and governance concerns are playing a bigger role in influencing how investors allocate the money they oversee. That's welcome. But there's a risk of mission creep as funds come under pressure to use their financial clout to change society in ways that should remain the domain of lawmakers. More investors are choosing to put savings into specifically designed ESG funds -- pools, for example, that only take stakes in companies that pledge to reduce their carbon emissions. Assets...

May 16, 2018

News, Slider

15MayMay 15, 2018

UK. Pension rules risk sending more schemes into PPF

New legislation expected to come into force from the government's defined benefit (DB) white paper has the potential to increase company insolvencies and send their schemes into the pensions lifeboat, a lawyer has warned. The Department for Work & Pensions (DWP) published in March its 76-page defined benefit white paper, which besides creating new legislation to introduce a criminal offence to punish those found to have committed wilful or grossly reckless behaviour in relation to a pension scheme, also gives...

May 15, 2018

News, Slider

15MayMay 15, 2018

Hawaii state pension fund commits to impact investing

Hawaii’s state pension fund joined the United Nations-supported Principles for Responsible Investment, an international network of institutional investors committed to incorporating environmental, social and governance factors in their investment decision making. PRI, which was created in 2006, currently has over 1,900 signatories with around $73 trillion in assets under management. “By adhering to the Principles for Responsible Investment, the ERS is helping to transition to a more sustainable future while keeping the promises made to our state workers in the past,”...

May 15, 2018

News, Slider

15MayMay 15, 2018

China raises minimum standard of basic pensions

China has raised the minimum standard of basic pensions for rural residents and unemployed urbanites, according to the Ministry of Human Resources and Social Security. The standard was increased to 88 yuan (about 14 U.S. dollars) per person per month from the previous level of 70 yuan, effective on Jan. 1, 2018, the ministry said in a statement. The adjustment was made in line with income growth, inflation and changes of basic pensions for urban employees, the statement said, quoting a...

May 15, 2018

News, Slider

May 2018