May 2018

04May

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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04May

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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04May

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
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04May

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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04May

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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04May

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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03May

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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03May

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
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03May

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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02May

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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