April 2021
20Apr

US. DOL Issues Cybersecurity Best Practices for Retirement Plans

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) on April 14 issued much-anticipated cybersecurity guidance for employee retirement plans. The essence of the guidance is that responsible plan fiduciaries have an obligation to ensure proper mitigation of cybersecurity risks. Read also Comfortable retirement still on track for most Americans despite pandemic – survey EBSA set out in the following materials on its website, although the "Online Security Tips" are directed more to plan participants than plan fiduciaries: Read also The...

April 20, 2021
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20Apr

Uganda To Train Pension Trustees

The Insurance Training College and Uganda Retirement Benefits Regulatory Authority (URBRA) have unveiled the commencement of a trustees training and certification programme intended to improve and enhance the professionalism of pension saving scheme trustees. According to the press statement, the training will be conducted by the institute on behalf of URBRA. The training is in line with the mandate of the Institute: promoting professionalism in the financial services sector as well as URBRA’s mandate of improving and promoting the development of...

April 20, 2021
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20Apr

A Fintech Revolution: How The Pandemic Accelerated The Adoption Of Digital Solutions

I don't know about you, but I haven't used the cash in my wallet since the onset of the lockdowns in March 2020. And I don't miss it at all. I've found that the digital financial life is fast, safe and provides easy ways to track. Digital, mobile and social channels are an indispensable part of everyday life. This was true before the pandemic but is even more definitive now. Economic lockdowns, social distancing and remote work have all contributed...

April 20, 2021
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19Apr

Asia Is Increasing Its ESG Asset Appetite

Sustainability funds explode onto the global financial scene, and the momentum is not stopping anytime soon. JPMorgan’s head of environmental, social, and governance research Elaine Wu pointed out that sustainability funds doubled in 2020, and the market segment could double again in Asia, CNBC reports. Read also Fintech but make it eco-friendly. “We’ve seen the amount of asset under management dedicated to ESG investing double in the last year,” Wu told CNBC. “We expect that to double again, in Asia, for the coming...

April 19, 2021
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19Apr

Vanguard launches price war in UK pensions market

Vanguard has launched its financial advice service in the UK, charging an 'all-inclusive' ongoing fee of 0.79 per cent. The headline cost will incorporate annual platform charges of 0.15 per cent, ongoing fund charges of 0.12 per cent, transaction costs and an advice fee of 0.5 per cent. Vanguard said it would not charge an initial, or any other, fee. The service will be targeted at clients with assets of £50,000 or more. The company is to focus on providing restricted advice...

April 19, 2021
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19Apr

Fintech but make it eco-friendly.

Green finance has long been becoming more and more popular as the race to save our planet is increasingly important. For years now we’ve heard about how we all need to do our bit to slow the rapid pace of global warming and it seems like the message has taken a hold of the fintech world. There’s a growing trend among firms in the sector to operate in a more eco-conscious manner, from planting trees to offering fossil-fuel-free investment options, the...

April 19, 2021
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19Apr

Ireland. Government in bid to resolve pensions dispute in community employment sector

The Government is set to table new proposals to resolve a long -running dispute over access to pensions for hundreds of community employment scheme supervisors. Minister for Public Expenditure Michael McGrath and Minister for Social Protection Heather Humphreys informed Government politicians that they had agreed on measures to deal with the issue. They told Government TDs and senators on Saturday that the Department of Social Protection would provide details to trade unions in the coming days. The proposal is expected to involve...

April 19, 2021
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16Apr

Four Ways Covid-19 Has Changed Retirement

The Covid-19 pandemic is triggering a retirement rethink for many Americans. A survey by the National Institute on Retirement Security (NIRS) found that about half of Americans are now more concerned about their retirement security in light of the Covid-19 pandemic and are considering the possibility of working longer. At the same time, the pandemic has triggered a desire to retire earlier among other survey respondents. After all, Covid-19 has reminded everyone that life can be shorter than anticipated. The fallout extends...

April 16, 2021
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16Apr

India. National Pension System: PFRDA to extend entry age to avail benefits

Senior citizens who have not yet got into the National Pension System (NPS) bandwagon may have some cause for cheer. Pension regulator PFRDA plans to soon extend the maximum entry age for availing NPS benefit to 70 years from the current 65 years, its Chairman Supratim Bandyopadhyay said on Thursday. Read also EU insurance regulator cracks down on unit-linked policy costs Simultaneously, the exit age limit is proposed to be extended from 70 years to 75 years, he said at a...

April 16, 2021
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16Apr

Coinbase IPO: like it or not, you’re now invested in Bitcoin

Whether you think Bitcoin and other cryptocurrencies are a scam or an economic revolution, you are becoming increasingly exposed to them as financial institutions incorporate them into payments and investments. This year, both Mastercard and Visa have announced plans to allow payments using cryptocurrencies, and the US’s oldest bank, BNY Mellon, has begun accepting cryptocurrencies for its asset management clients. And with the cryptocurrency platform Coinbase selling shares from today via a direct listing on the Nasdaq stock exchange,...

April 16, 2021
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