Slider Archives - Page 385 of 454 - Pension Policy International

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...

May 4, 2018

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04MayMay 4, 2018

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 education/ acquiring professional and technical qualifications,"...

May 4, 2018

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04MayMay 4, 2018

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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03MayMay 3, 2018

MetLife Profit Beats Estimates as Firm Works to Fix Mishaps

MetLife Inc.’s had a difficult year, but its first-quarter financial results may offer some solace. The insurer posted adjusted profit of $1.36 a share, beating analysts’ estimates and pushing shares higher in extended trading. MetLife benefited from tax code changes and gains in operating profit at its U.S., Asia, and Europe, Middle East and Africa businesses, the New York-based company said Wednesday in a statement. “MetLife had a very good first quarter driven by favorable underwriting, volume growth, and the effects of...

May 3, 2018

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03MayMay 3, 2018

Tanzania: Pension Funds Amalgamation Thrills TUCTA

Trade Union Congress of Tanzania (TUCTA) yesterday applauded the enactment of Public Service Social Security Fund Act to merge the various pension funds into two schemes. The trade union apex body welcomed the move, saying the merger will lead to lucrative packages for pensioners. Through the new legislation that the National Assembly enacted and President John Magufuli assented to, the country now has two social security funds, the Public Service Social Security Fund (PSSSF) and the National Social Security Fund (NSSF)...

May 3, 2018

SliderTanzania

03MayMay 3, 2018

Most Americans Don’t Invest In Stocks For Retirement, But Still Fear Next Market Downturn

Retirement is just around the corner for many baby boomers, but most are not feeling very confident about their retirement preparedness according to a Bankers Life Center for Secure Retirement research report. According to the report, less than one-third (31%) of middle-income boomers feel prepared for retirement and lower-income boomers feel even less prepared. So what is driving this lack of preparedness and uneasiness? According to Scott Goldberg, President of Bankers Life, the late 2000s financial crisis acted as a...

May 3, 2018

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02MayMay 2, 2018

Kenya. Nairobi county struggling with ageing workforce; Governor Sonko says

Nairobi County, which contributes the bulk of Kenya's annual Gross Domestic Product, is set to face a challenging transition period, as a majority of its employees are approaching retirement age. Governor Mike Sonko revealed this during this year's Labour Day celebrations at Uhuru Park, where he also spoke about the wage bill issue. Read More: Nation

May 2, 2018

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02MayMay 2, 2018

US. Will Rising Rates Rattle Retirement Plan Returns?

Yields on the U.S. 10-year Treasury briefly eclipsed 3.0% last week. This is notable as we have not crossed that threshold since 2014, it represents over a double in 10-year Treasury yields from their lows in July 2016 and some say it could mark the end of a multi-decade long bull market in bonds. The common adage of when bond yields increase, bond prices decrease could add some headwinds to employees trying to save for their retirement. However, things...

May 2, 2018

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02MayMay 2, 2018

How investment can help deal with the pension crisis

A major global pension crisis is threatening the two main pillars of pension systems Pension systems in most developed countries are based on two main pillars. The first pillar, which is key for social cohesion, is made of public social security benefits and aims at providing a universal core of pension coverage to address the basic needs of retirement through funded public pension systems or unfunded pay-as-you-go (PAYG) systems. Read More: Financial Times

May 2, 2018

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01MayMay 1, 2018

UK compensation body raises levy to meet rising pension claims

Firms advising people on transferring pension schemes will have to pay a higher levy to Britain’s statutory compensation body to help meet claims from steelworkers. The Financial Services Compensation Scheme (FSCS) said it will levy financial firms 407 million pounds ($559.63 million) overall in the financial year that began last month, up 71 million pounds on the prior period. The FSCS can pay compensation if a firm is unable to pay claims against it. Read More: Reuters

May 1, 2018

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May 2018