October 2021
04Oct

Many Americans are facing a retirement savings shortfall

A new survey says 40% of Americans actually fear retirement more than death. The study found 87% of people fear not having enough income in retirement. The second biggest fear is losing health insurance. A variety of factors are influencing these fears. Many Americans are facing retirement savings shortfall and more than half worry about the future of social security. When deciding to retire, one of the biggest factors to consider is if you have enough money saved. To sustain...

October 4, 2021
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04Oct

Ireland. Call for measures to end pensions ‘discrimination’ against private sector

Small business lobby Isme and Brokers Ireland, which represents financial advisers, have called on the Government to increase financial support for private pensions. The groups have written to Ministers outlining measures that, it says, would remove “pensions discrimination against the self-employed and private sector workers”. “The gold-plated pensions available to our politicians and our public servants are simply not affordable for workers in the private sector,” Isme said as they presented what they call a pensions “white paper”, drawn up in...

October 4, 2021
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04Oct

UK’s ABI urges tax reform

The Association of British Insurers (ABI) has detailed a five-point plan in a new budget submission setting out how the insurance industry can work constructively with the UK government. It says freezing the rate of Insurance Premium Tax, maintaining adequate investment in flood defence infrastructure and simplifying pensions tax relief to encourage greater savings would lay good foundations for the UK’s recovery from COVID, and enable the insurance sector to play its fullest part in support. ABI Director General Huw Evans says...

October 4, 2021
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01Oct

International Day of Older Persons is October 1

On Dec. 14, 1990, the United Nations General Assembly designed Oct. 1 as the International Day of Older Persons. There have been earlier initiatives, such as the Vienna International Plan of Action on Aging, which was adopted in 1982 by the World Assembly on Aging and later that year by the UN General Assembly. In 1991, the United Nations Principles for Older Persons was adopted, followed by the Second World Assembly on Aging adopting the Madrid International Plan of...

October 1, 2021
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01Oct

These are the key differences between 401(k) and Roth IRA retirement plans

This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. If you’re thinking about starting to save for retirement, chances are good that you are looking at both Roth IRA and 401(k) plans. Both offer tax benefits and can help you grow your wealth over time, but there are several key differences between the two. The biggest one? When...

October 1, 2021
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01Oct

Pension funds acquire forestry asset

Two European pension funds are set to purchase a 62% share in a timber producer in New Zealand. APG Asset Management on behalf of its Dutch pension fund client ABP, and the UK's Pension Protection Fund (PPF) have entered an agreement to purchase Sinotrans New Zealand's shareholding in Wenita Forest Products. Wenita is the largest timber producer in Otago, New Zealand and spans almost 30,000 hectares of sustainably managed forests. It is recognised as one of the premier softwood plantation assets...

October 1, 2021
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01Oct

Number of pension age Germans projected to increase 22 pct by 2035: Destatis

The number of people of retirement age in Germany will rise by 22 percent by 2035, the Federal Statistical Office (Destatis) said on Thursday. The number of people aged 67 or over in the country will go up to 20 million, a 22 percent increase from 2020, the first medium-term population projection conducted by Destatis showed. The head of the Federal Employment Agency, Detlef Scheele, was quoted in the media as saying in August that Germany needed 400,000 new workers per...

October 1, 2021
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01Oct

Ghana. NPRA targets to rope in 11 million workers into pension schemes

Mr Alhassan Yakubu Fuseini, the Tamale Zonal Manager of the National Pensions Regulatory Authority (NPRA), says the Authority plans to rope in 11 million workers in the formal sector onto pension schemes. He said as the NPRA works to achieve its target, it would also ensure that coverage for the informal sector was increased from the current three per cent to 40 per cent by 2026. “In order to meet this goal, it will be critical for the pension sector actors...

October 1, 2021
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01Oct

Uber to Begin Rolling Out Pensions to 70,000 UK Drivers

More than seven months after the United Kingdom’s Supreme Court ruled that Uber drivers are not self-employed and thus are entitled to a retirement savings plan, the ride-sharing firm said it will begin offering pensions to its 70,000 drivers working in the country. The move will cost the ride-sharing firm millions of pounds in missed pension payments that stretch back as far as 2107. The company had previously deemed its drivers independent self-employed contractors, part of an ongoing struggle in...

October 1, 2021
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September 2021
30Sep

Should regulators take the lead on ESG in pensions?

The extent to which financial regulators should get involved in setting environmental, social and governance requirements is a hot topic, with some experts arguing that involvement could stifle innovation. In a recent twitter poll, Pensions Expert asked its readers whether or not regulators should take the lead on ESG within asset management. The result reflected how divisive the issue is in the industry. The poll revealed 53.6 per cent of respondents felt regulators should intervene to meet demand for standardisation across...

September 30, 2021
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