April 2018

26Apr

Why Retirement Planning Should Be About Teaching Us How To Live In Retirement

A few weeks ago, I had the pleasure of meeting Whole Foods founder and CEO John Mackey. He engaged me in a fascinating discussion about the importance of diet in living well, drawing heavily from his new book with Drs. Pulde and Lederman, The Whole Foods Diet: The Lifesaving Plan for Health and Longevity. What I gleamed from my conversation with Mackey about his retail success was the existence of a crucial element that was consciously integrated into the design...

April 26, 2018
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26Apr

Ghana. Explore alternative sources of funding pension schemes – Bawumia

Vice President Dr Mahamudu Bawumia has underscored the need for stakeholders in the pension management in the country to explore alternative sources of funding pension schemes without any entrenched positions. He said future governments would not have to resort to borrowing to pay pension benefits with its accompanying interest cost, noting that any government that borrows to pay retirement benefits could not build a resilient economy. He therefore called for prudent management of the country's pension resources, adding "it is imperative...

April 26, 2018
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25Apr

Spain. The Toledo pact opens to retake the IPC in the revaluation of pensions

The mobilizations of pensioners of past few months are having consequences. First it was an increase of 0.25% this year for lower pensions that was reflected in budgets. Now within pact of Toledo, an agreement is being opened up which would reposition prices and its evolution at centre of annual revaluation of pensions, according to several parliamentary sources. The final text of recommendation two, which refers to revaluation of pensions, of new edition of Toledo Pact is not yet...

April 25, 2018
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25Apr

Croatia. Pensioners against Privatisation of Retirement System

The Croatian Pensioners' Union (SUH) on Tuesday criticised the announced pension scheme reform, branding it as the continuation of privatisation of the pension system to the detriment of pension recipients. The union calls on the government to revoke the mandatory second pillar of pension contributions and halt the impoverishment of senior citizens. Read More: Total Croatia News

April 25, 2018
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25Apr

UN staff pension fund mired in ‘dirty profits’ from firms guilty of rights abuses

The United Nations is facing calls for a full review of its staff pension fund after the Guardian uncovered that it has around a billion dollars invested in companies whose activities are or have been incompatible with core UN principles and programmes. Established in 1948 by the UN general assembly, the fund provides retirement, death and disability benefits to employees. At present it has 203,050 beneficiaries and a market value of $64bn (£45bn), of which nearly $1.5bn is invested in...

April 25, 2018
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24Apr

Malaysian pension fund to review investment strategy

Malaysia's Kumpulan Wang Persaraan, which manages over $36 billion in assets of civil servants' retirement benefits, may invest more in listed equities and alternative assets as it reviews current investment policy, its chief executive said Monday. The state-run pension fund, also known as KWAP, favors dividend-yielding sectors such as banking and telecommunication, Wan Kamaruzaman Ahmad told reporters. KWAP is also looking to invest more in global technology sector and remains in talks with two insurers to acquire a stake, he...

April 24, 2018
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24Apr

Top 5 most sustainable pension systems worldwide

Thanks to gradually rising life expectancy and a higher state pension age, pension contributions are set to soar around the world. World Finance explores the top five countries with sustainable pension systems, where retirees can live particularly well with their pension pot. Australia Australia’s three-tier ‘superannuation’ pension system is one of the most touted in the world. It includes a tax-financed age pension, providing basic benefits, a company pension pot and the individual contribution to a retirement savings account. Employers are...

April 24, 2018
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24Apr

UN supports Nigeria’s ageing policy

The United Nations (UN) has pledged to support Nigeria in the implementation of the country’s ageing policy.Mr. Oleg Serezhin of the Technical Cooperation Unit, Division for Social Policy and Development of Economic and Social Affairs UN, said that the global body was committed to bringing its resources to support Nigeria on ageing. He said this during the UN Department of Social Affairs scooping visit to Nigeria on capacity support to ageing at the Federal Ministry of Women Affairs and Social...

April 24, 2018
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23Apr

Europe’s pension problem spurs return of veteran investors

British pensions specialist Clive Cowdery has raised $2 billion in commitments from investors for a new fund to buy up life insurance policies from companies struggling to make enough money to cover long-term payouts, sources told Reuters. The fund is one of a series of new ventures designed to capitalize on the difficulty life insurers and company pension schemes face in generating the returns required in an environment of low interest rates and tougher capital rules. Besides Cowdery’s fund, the newly...

April 23, 2018
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23Apr

‘No+AFP’: Thousands of Chileans march against Pinochet-era pension system

Tens of thousands of Chileans on Sunday took part in rallies and marches across the country to demand an end to the private pension system, imposed on workers in 1981 during the Augusto Pinochet dictatorship. Thousands of people marched in different cities including the capital city of Santiago, despite heavy rains. The new national march – “No+AFP” – calls for the termination of the current pension system which forces workers to deposit a portion of their wages into funds that deliver...

April 23, 2018
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