Slider Archives - Page 384 of 454 - Pension Policy International

09MayMay 9, 2018

US. MetLife to provide pension benefits to 41,000 FedEx retirees through annuity

US insurer MetLife Inc (MET.N) has entered into an agreement to provide pension benefits for about 41,000 FedEx Corp (FDX.N) retirees and beneficiaries through an annuity, the two companies said on Tuesday. MetLife and FedEx expect to close the deal, which includes about $6 billion in pension obligations, on May 10, they said. The deal is the first “jumbo-sized” U.S. transfer of pension obligations to an insurer, measured by premium, since 2013, wrote Wells Fargo Securities LLC analyst Sean Dargan in...

May 9, 2018

News, Slider

08MayMay 8, 2018

Radical ideas for rebalancing Britain’s baby boomers and millennials

The Resolution Foundation is not short of ambition. It believes its new report, A New Generational Contract, can reframe the political debate, shifting it away from free-market, small state concerns towards the new anxieties of voters. The report underlines how funding for the NHS has become a priority for every generation of voters, while even the older, affluent middle classes are worried that their children will never be able to buy a home. David Willetts, the former Conservative cabinet minister who...

May 8, 2018

News, Slider

08MayMay 8, 2018

AfDB Seeks to Plug Africa $170 Billion Infrastructure Needs

The African Development Bank seeks investments from global pensions and commercial financiers to help fund the continent’s infrastructure gap of as much as $170 billion a year. The Abidjan-based lender is launching its Africa Investment Forum in Johannesburg on Tuesday. The forum will host its first meeting in November in South Africa’s commercial hub and will have “no speeches,” but rather present bankable projects to investors, according to AfDB President Akinwumi Adesina. The forum is “very unique,” Adesina said in an...

May 8, 2018

News, Slider

08MayMay 8, 2018

US. Central States Pension Fund Could Be Insolvent by 2025

The Central States Pension Fund faces insolvency by 2025, and only congressional action can save it, the fund’s executive director says. Thomas Nyhan, who leads the $15.1 billion fund, told its 400,000 members during a conference call late Wednesday night to take up the issue. “Without your voice, there will be no legislation, and the fund will become insolvent,” Nyhan said on the call, urging beneficiaries to tell lawmakers the impact the fund’s insolvency would have on their lives. Read More: Chief Investment...

May 8, 2018

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07MayMay 7, 2018

Australia. Pensioners call for budget boost to ‘inadequate’ retirement funds

Trevor Robey and Dennice Bargh are a recently retired couple from Sydney's western suburbs. Mr Robey worked as an administrator for a private bus company, while Ms Bargh worked as a court officer for the past 17 years. They retired only a year ago, but already they believe they're struggling to make ends meet. "I don't believe that the pension is adequate enough, truly, I don't," Ms Bargh said. The basic single pension rate is $862.20 a fortnight for a single person and...

May 7, 2018

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07MayMay 7, 2018

Ghana. Government must come out with alternative retirement plan – Prof. Bokpin

Economist and Head of Finance Department at the University of Ghana Business School, Professor Godfred Bokpin has warned of future hardships for Ghanaians if the country fails to implement alternative retirement plans. This, he believes is because the current law only provides minimum allowance for person’s who retire under the law. His comments come on the back of a recent altercation between some pensioners and the Ministry of Finance over delays in the release of their pensions for the month of...

May 7, 2018

News, Slider

07MayMay 7, 2018

UK. Growth in self-employment risks undermining the state pension

The rising popularity of self-employment risks undermining the sustainability of Britain’s state pension as national insurance contributions fall, new research has found. For every one million people moving from being employed to being self-employed, £2.8bn is lost annually from national insurance contributions, which fund the state pension, according to a report from pensions firm Aegon. Under reforms to the pensions system in 2016, self-employed people now receive the same state pension as employees. However, the rules about national insurance contributions were...

May 7, 2018

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04MayMay 4, 2018

US. Why Married Men Are So Terrible At Retirement

This isn’t an easy or surface level topic. It’s very serious and runs deep into the fabric of relationships in retirement. The fact that married men struggle with this transition is a something that plays out time and time again and needs to be addressed in a more serious manner… and it needs to start now. To begin, the first hurdle has to do with pre-retirement training. Men are not adequately prepared for everyday life in retirement, so when they...

May 4, 2018

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04MayMay 4, 2018

India. NPS subscribers allowed to partially withdraw fund for education, setting up business

The pension fund regulator PFRDA today said that NPS subscribers now have the option to partially withdraw funds from their accounts for pursuing higher education or setting up a new business. The decision was taken at the board meeting of the Pension Fund and Regulatory Development Authority (PFRDA) last week. "Partial withdrawals will now be allowed to National Pension System (NPS) subscribers who wish to improve their employability or acquire new skills by pursuing higher edu .. Read More: Economic Times

May 4, 2018

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04MayMay 4, 2018

How China can build a more sustainable financial system

Chinese investors should integrate environmental, social and governance concerns into their investment decisions in order to fulfil their duties to their beneficiaries and support the development of China’s Ecological Civilization, according to a new report. Investor duties should also reflect and align with the Chinese government’s Guidelines for Establishing a Green Financial System, the report found. Investor Duties and ESG Integration in China, published in March, is the joint work of the UN Environment Finance Initiative (UNEP FI), the Principles for Responsible Investment (PRI),...

May 4, 2018

News, SliderChina, UN

May 2018