Slider Archives - Page 390 of 454 - Pension Policy International

11AprApril 11, 2018

In ageing Thailand, developers race to supply locals and elderly expats

At 79, Thai businessman Boon Vasin’s latest $500 million venture is a bet on a market he knows well - looking after Thailand’s rapidly growing population of old people. Not only is Thailand ageing faster than its neighbors, but it is also becoming an increasingly popular retirement option for foreigners attracted by its agreeable climate, low living and health costs and culture of service. “We will look after them from their waking hours until they go to sleep,” said Boon, chairman...

April 11, 2018

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11AprApril 11, 2018

Dutch pensioners at little risk of poverty as income and assets grow

Today’s pensioners have more disposable income than in the past and their assets have increased due to soaring house prices, according to research carried out by the finance ministry for Christian Democrat senators. But even excluding home ownership, pensioners have more assets on average than the rest of the population, the ministry research shows. Between 2001 and 2010, older people’s income rose 10% but in younger households the increase was just 2%. However, since then the gap has closed because pension...

April 11, 2018

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10AprApril 10, 2018

India. The math of military modernization

The Chinese are on track to dominate the security architecture of the Asia-Pacific. This is not to suggest that the People’s Liberation Army will set out to conquer the region. But it is to acknowledge the foreseeable outcome of the growing gap between China’s ability to project military power in Asia and the defence capabilities of other regional militaries. Obscuring this gap, and matching it in some sense, is the growing distance between political rhetoric and reality. Erudite and experienced...

April 10, 2018

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10AprApril 10, 2018

South Africa. Will umbrella funds become the default in retirement fund management?

The case for the boards of trustees of standalone retirement funds to consider an umbrella fund strategy as an alternative has been strengthened by the recent introduction of the “default” regulations. These regulations came into effect on September 1 2017, with implementation from March 1 2019 for all retirement funds registered before March 1 2018. The regulations aim to ensure the protection, preservation and consolidation of retirement benefits as well as the sustainability of post-retirement benefits paid to members. Read More: Business Live

April 10, 2018

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10AprApril 10, 2018

Ageing workforce will soon be global crisis, warns IMF

Policies to encourage immigration and deter retirement may be needed in wealthy nations to deal with the looming challenges of an ageing population, the International Monetary Fund says. The Washington-based financial watchdog has warned of a potential crisis among advanced economies as the baby boomers retire and an expanding pensioner population has to be supported by a dwindling workforce. The issue is critical because pensions and healthcare costs are paid for by taxes levied on the income an economy generates. A...

April 10, 2018

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09AprApril 9, 2018

DB pension schemes evolve as paths for global retirement diverge, says BlackRock study

Edwin Conway, global head of BlackRock’s institutional client business, explains, “Pension leaders today are on the front lines of a historic and urgent transition in how societies provide for retirement. Managing this changing environment, seeking efficient and higher-yielding investment styles and tackling challenges stemming from new regulatory and governance regimes will be key for both corporate and public pension schemes. While in many areas their paths are diverging, they both play a crucial role in reshaping global retirement.” The study...

April 9, 2018

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09AprApril 9, 2018

Taiwan’s BLF appoints seven managers for domestic ESG mandate

Taiwan’s Bureau of Labor Funds (BLF), supervisor of the island state’s government pension funds, has appointed seven asset managers for its NT$42 billion (US$1.43 billion) domestic environmental, social, governance (ESG) equity mandate, Asia Asset Management (AAM) has learnt. They are Cathay Securities Investment Trust Co, Capital Investment Trust Corp, Fuh Hwa Securities Investment Trust Co, Taishin Securities Investment Trust Co, Allianz Global Investors Taiwan, President Securities Investment Trust Co, and Prudential Securities Investment Trust Co. Each manager will receive NT$6 billion...

April 9, 2018

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09AprApril 9, 2018

US. More US Households Have Credit Card Rewards Than Retirement Accounts

Credit card rewards programs allow you to score free miles, cash back, or points to buy gift cards. Making use of credit card rewards is a smart move, as long as you can do so responsibly -- which means not charging more than you can pay off each month. But while you benefit from participating in a credit card rewards program, the perks you'll get are nowhere near as valuable as the benefits that come from saving for retirement. Despite this...

April 9, 2018

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06AprApril 6, 2018

NZ closer to improved Pacific pension portability

New Zealand's Minister for Social Development, Carmel Sepuloni, says better access to Superannuation or the Veteran's Pension for people in the realm countries has moved a step closer. Parliament yesterday heard the first reading of amendments to the Social Assistance (Residency Qualification) bill. Ms Sepuloni said the changes would allow people applying for New Zealand Superannuation or Veteran's Pension in New Zealand, the Cook Islands, Niue or Tokelau, to be able to use residency in any of those places to meet...

April 6, 2018

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06AprApril 6, 2018

Sweden’s self-correcting pay-as-you-go pension system

Sweden has a reputation for providing expensive cradle-to-grave social welfare protection, but in 1998 the country put in place a public pension reform more conservative than most of the plans now sponsored throughout the industrialized West. The 1998 reform imposed a budget constraint on pension spending that is enforced automatically, without the need for further approval by the Swedish parliament. As a result, while other countries with advanced economies, including the U.S., are still grappling with large unfunded public...

April 6, 2018

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April 2018