August 2021
09Aug

Nigeria. N12trn pension assets investment sidelines infrastructure

Federal Government’s dream of ramping up pension assets for investments into infrastructure development seems floundering as most recent report shows a stagnation in funds allocation to the sector. Meanwhile the bulk of the over N12trillion assets are going into Federal Government Bond borrowing instrument which are used for government recurrent expenditure. At the backdrop of the quest to address the huge infrastructure gap in the country, the pension policy had envisaged about 15 percent of the total pension asset would be...

August 9, 2021
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06Aug

US. Pandemic not stopping workers from contributing to retirement plans

An overwhelming majority of U.S. workers are still saving for retirement despite the adverse economic, health and employment impact of the coronavirus pandemic, the Transamerica Center for Retirement Studies said Thursday. Eighty-two percent of workers are saving for retirement through a 401(k) or similar retirement plan and/or outside the workplace, the center reported. "Given the magnitude of the challenges workers have faced during the pandemic, it is truly remarkable that they have maintained focus on their future retirement," Catherine Collinson, CEO...

August 6, 2021
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06Aug

Argentina’s new pensions programme pays women for caregiving

The Argentine government is seeking to redress that gender inequity by assigning a pension contribution value to the time people have spent raising children. Read also It’s time to give essential workers the protections they deserve The programme, launched this week, marks the first time the role of an unpaid caregiver has been recognised by the Argentine state as something akin to work. The policy is expected to enable 155,000 more women to collect a pension immediately. Read also Towards Improved Retirement...

August 6, 2021
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06Aug

Uganda allows early, partial pension withdrawals to cushion economy

Uganda's President Yoweri Museveni has agreed to legislation allowing some workers early access to 20% of their savings held by the state pension fund, to help them absorb the economic blow from the COVID-19 pandemic, he said. Consumers in the East African nation have been hit hard by the impact of the pandemic, forcing some of them to demand that the legislature allows them to access part of their retirement savings. Read also 1 in 3 Singaporeans are worried about retirement...

August 6, 2021
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06Aug

What’s the Ideal Asset Mix in Retirement? Is It 70/30? 60/40?

My wife and I are approaching retirement, and our financial adviser is recommending that we put about 70% of our nest egg in stocks and about 30% in bonds. This approach seems risky to me. Is it? My preferred mix is about 60/40. We hear questions frequently about asset allocation and pinpointing an optimal mix. The easy answer is: It depends. It depends, among other factors, on your ages, income from other sources (like Social Security and maybe a pension),...

August 6, 2021
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05Aug

UK pension funds urged to back investment ‘big bang’

Boris Johnson has called on British pension funds to plough more retirement savers’ cash into UK assets to spark an “investment big bang” to support the economic recovery. In a letter to the investment industry, the prime minister and chancellor Rishi Sunak said UK institutional investors needed to “seize the moment” and use their “hundreds of billions of pounds” to back assets that often carry a longer term payback such as infrastructure, which includes bridges, roads and wind farms. Read also...

August 5, 2021
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05Aug

US. Government to pilot online retirement application

By Jessie Bur Federal employees planning to retire may soon have the option to complete the requirements using an online system, rather than through the paper format most widely used across the U.S. government. Office of Personnel Management Director Kiran Ahuja told reporters on an Aug. 4 call that the agency will pilot an online retirement application system to address some short-term problems with the federal retirement system, namely slow processing times. Modernization of the federal retirement system has been a central...

August 5, 2021
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05Aug

1 in 3 Singaporeans are worried about retirement inadequacy and 45% have yet to start planning: Endowus Singapore Retirement Report 2021

39% of Singaporeans are worried about retirement inadequacy, with women being at higher risk of retirement inadequacy than men 72% of Singaporeans desire higher returns for their investments, but despite that, only 25% are currently investing their CPF 31% of Singaporeans have indicated that they would like assistance in the form of tools to help them understand the impact of financial decisions around CPF SINGAPORE, Aug. 4, 2021 /PRNewswire/ -- The Endowus Singapore Retirement Report reveals that retirement inadequacy...

August 5, 2021
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05Aug

US. Best retirement plans for the self-employed

Retirement plans for the self-employed range from the good to the outrageously good, and can allow you to save much more than you ever could with a traditional employer. A well-chosen retirement plan can allow entrepreneurs and the self-employed to bankroll a bright retirement. The self-employed have several plan options, including defined contribution plans such as a solo 401(k), SEP IRA and SIMPLE IRA. But they also have some defined benefit options, too. Here are the details on some of the...

August 5, 2021
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04Aug

US. Lockheed Martin offloads $4.9 billion in pension liabilities

Lockheed Martin Corp., Bethesda, Md., purchased group annuity contracts from Athene Holding Ltd. to transfer about $4.9 billion in U.S. pension plan liabilities. The purchase completed Tuesday will transfer the benefit-paying responsibilities for about 18,000 U.S. retirees and beneficiaries to Athene's wholly owned subsidiaries Athene Annuity and Life Co. and Athene Annuity & Life Assurance Company of New York, a news release from the aerospace and defense company said Tuesday. The Athene subsidiaries will begin paying benefits to the retirees and...

August 4, 2021
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