Slider Archives - Page 429 of 453 - Pension Policy International

16OctOctober 16, 2017

Australia. Robo-advisers to expand into retirement advice

ASAP chief executive Jim Hennington said he expects the scope of advice that’s provided by automated advice providers to SMSFs will further expand over the next year. “At the moment, [it’s] very much focused on the transactions that accountants tend to get deeply involved with such as establishing an SMSF, purchasing property and LRBAs, and setting up SMSF pensions,” said Mr Hennington. He expects that automated advice will soon expand beyond this, however, into services such as retirement advice. “Over time automated...

October 16, 2017

News, SliderAustralia

16OctOctober 16, 2017

UK. Monarch collapse leaves yet another pension fund up in the air

Pensions are the tail wagging the economic dog – sometimes in the strangest ways. Take the high-profile collapse at Monarch Airlines. It’s a sorry story of corporate raiders facing accusations of asset-stripping one of the country’s largest holiday airline businesses and leaving taxpayers to pick up the tab. The once strong, if slightly dated, brand was taken over by private equity financiers to try to make it into another Ryanair. When that failed, it appears the owners could still walk away...

October 16, 2017

News, SliderUK

13OctOctober 13, 2017

IMF Sees Fiscal Gap for Greece, Pension Cuts Might Come Sooner

The International Monetary Fund foresees a fiscal gap of 2.3 billion euros in the 2018 budget, which might mean that the pension cuts scheduled for January 1st, 2019 will be implemented earlier. Greek finance ministry sources downplay the IMF forecast claiming that all previous predictions by the Fund, have been overly pessimistic. However, the IMF forecast might delay the third review of the bailout program, which has to be completed by the end of the year. This generates uncertainty among...

October 13, 2017

News, SliderGreece

13OctOctober 13, 2017

Nigeria. Pension fund assets rise by N862bn

The latest report on the Nigerian pension fund administration, which was released on Thursday by the National Bureau of Statistics and the National Pension Commission, indicated that the country’s pension fund assets increased by N862bn to N6.164tn as of December 31, 2016. According to the report, the N6.164tn pension fund assets represent six per cent of the country’s Gross Domestic Product, as the figure indicates an increase of N862bn when compared to the N5.302tn recorded in 2015. It stated that a...

October 13, 2017

News, SliderNigeria

13OctOctober 13, 2017

Trump health-care order could violate retirement plan law

President Donald Trump's plan to make it easier for small businesses to band together and buy stripped-down health insurance plans could violate a federal law governing employee benefit plans and will almost certainly be challenged in court, legal experts said. Trump signed an executive order on Thursday aimed at letting small businesses join nationwide associations for the purpose of buying large-group health plans that are not subject to coverage requirements of the Affordable Care Act, commonly known as Obamacare. Industry experts said...

October 13, 2017

News, SliderUS

12OctOctober 12, 2017

UK chancellor: ‘Alive to the risk’ of post-Brexit insurance ‘uncertainties’

UK Chancellor Philip Hammond has said the government was “alive to the risk” that the UK’s withdrawal from the European Union “could in some cases create legal uncertainties as to the status of existing cross-border insurance, pension and other financial services contracts sold under passporting arrangements”. The chancellor’s comments were contained in a letter dated 20 September, which was in response to an earlier written query on the part of Treasury select committee chairperson Nicky Morgan, and which became public...

October 12, 2017

News, SliderUK

12OctOctober 12, 2017

Why ‘nudging’ works: People need a push when it comes to retirement savings

Studies show that we are living longer and retiring later, but too many of us are not adequately preparing for retirement. People who do not save for retirement often do not have access to an employer-run retirement program, do not understand how much money they will need to save, or lack the financial knowledge to make the best investment decisions. For many, working longer seems to be the new retirement strategy. There are many reasons why individuals do not always act...

October 12, 2017

News, Slider

12OctOctober 12, 2017

Canadian Pension Fund To Invest In Singapore Keppel’s Asset Management Business

Canada Pension Plan Investment Board has decided to make an initial investment of up to $350 million, with an option to invest another $150 million, in Alpha Data Centre Fund, the asset management business of Singapore's Keppel Corporation. CPPIB's latest commitment and option will bring the ADCF's combined and co-investment interest up to $1 billion, double its initial target size of $500 million, Keppel said in an exchange filing today. "When fully leveraged and invested, the fund will potentially have...

October 12, 2017

News, SliderCanada, Singapore

12OctOctober 12, 2017

Schroders Poll: Sustainable Investing Remains A Challenge For Institutional Investors

Sustainable investing continues to present a challenge to nearly four out of five institutional investors, according to a new survey from global investment manager Schroders, with performance concerns and a lack of transparency/data leading the way. Schroders polled some 500 institutions for its latest Global Institutional Investor Study, including surveyed a wide range of global pension funds, foundations, endowments and sovereign wealth funds. Key highlights: 77% of survey respondents reported that investing sustainably remains a challenge. Almost half (48%) say...

October 12, 2017

News, Slider

11OctOctober 11, 2017

Nobel Prize winner Richard Thaler may have added $29.6 billion to retirement accounts

Richard Thaler, the recent recipient of the Nobel Prize in economics, has helped retirement savers substantially in the past decade — to the tune of about $29.6 billion, perhaps, according to fellow researcher Shlomo Benartzi. Though it is hard to calculate an exact estimate on how much has been saved in retirement specifically because of Thaler’s work, which focuses on behavioral economics and how to get people to stash away more money for their futures, clearly the implementation of Thaler’s...

October 11, 2017

News, Slider

October 2017