April 2021
12Apr

What to Do (and Not Do) With a Target-Date Fund After Retiring

Target-date funds are a staple of employer-sponsored retirement funds, due in part to their ease of use. The funds adjust allocations over decades, starting with big equity exposures, then glide gradually into more fixed income. But some investors don’t stick with them, particularly after they retire. Thinking they can do a better job of managing their money than a target-date funds’ manager, some investors shift the money into individual retirement accounts where they invest in other types of funds. Is that...

April 12, 2021
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12Apr

Zimbabwe. 100% payout hike, grocery vouchers for pensioners

Pensioners and widows are set to get a 100% increase to their monthly stipends, as well as grocery vouchers worth $3 000 from the National Social Security Authority (Nssa), NewsDay reported. Nssa deputy director for marketing Tendai Mutseyekwa told NewsDay that pensioners were going to get a 100% increment this month. "They are getting 100% increment this April and we are saying we are giving them this increment and the (COVID-19) vaccines at the same time. We will also give them...

April 12, 2021
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09Apr

The Potential Financial Silver Lining of the Pandemic

To say the last year has been unprecedented might be the understatement of the century. It is hard to imagine anyone who has not been impacted in some manner, some far more than others, by the pandemic. Personal finances are no exception as the volatility of the past year remains front and center for many despite recent market recovery. However, something interesting is happening. Many people are doing what their financial professionals have been asking them to do since their...

April 9, 2021
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09Apr

Russian lawmakers call for lower pension age ahead of election

Russia's Just Russia party that supports President Vladimir Putin has introduced a bill to reverse a recent unpopular pension reform and lower retirement ages to their previous levels, RIA news agency quoted the party leader as saying on Wednesday. Read also Japan approves law raising retirement age to 70 Putin, who once promised to never raise the retirement age, approved a gradual pension age increase in October 2018 despite mass street protests and public discontent as Russia sought ways to relieve...

April 9, 2021
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09Apr

The U.K.’s policy on overseas pensions is costing Canadian taxpayers

"This is not a party matter," said Ian Andexser of Nanaimo, B.C., who heads the Canadian Alliance of British Pensioners. "This is a snub to Canada." And across the pond in England, Conservative MP Sir Roger Gale has come to the same conclusion: the government of which he is a member has acted "in very bad faith indeed" toward Canada. The matter angering both individuals is a British government policy that excludes U.K. pensioners who live mostly in Canada and Australia...

April 9, 2021
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08Apr

Climate change worse than pandemic: UK regulator

The chief executive of the UK's Pensions Regulator believes climate change will be more catastrophic to populations' way of life than the COVID-19 pandemic if no action is taken. The comments came as The Pensions Regulator chief executive Charles Counsell introduced the regulator's new climate strategy, providing pension funds with a framework for disclosing climate information and achieving net zero emissions by 2050. Counsell said: "In recent times we've faced a crisis caused by a pandemic. We've all taken urgent action...

April 8, 2021
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08Apr

The pandemic has shown that workers in the informal economy need a safety net, too

The coronavirus pandemic has hit the developing world’s informal economy hard. Existing on the margins, with no access to social safety nets such as unemployment insurance and pensions, many of the 2 billion informal workers around the world were already barely keeping their heads above water before the lockdowns. One analysis estimated that 1.6 billion informal sector workers worldwide would suffer a 62 percent decline in income in the first few months of the crisis alone, with workers in...

April 8, 2021
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08Apr

Engaging young people to tackle the pensions and climate crises

They may well have checked their bank accounts on their phone in the last 24 hours, but I bet they haven’t checked their pension online. Perhaps they can’t do that, even if they wanted to. The fact is that for the majority of people pensions just don’t feature in their everyday thinking and they’re certainly not viewed as an issue to worry about – especially if you’re young. The economy (52%), health (46%) and the environment (40%) are the three...

April 8, 2021
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07Apr

Canada pension speeds up renewables push with new sustainable energy group

Canada Pension Plan Investment Board (CPPIB) said on Tuesday it will create a new investment group that focuses on sustainable energy, in a bid to boost its portfolio of renewable energy investments. Read also The U.K.’s policy on overseas pensions is costing Canadian taxpayers Pension and infrastructure funds have been investing more in the renewable energy space, given the steady returns such assets generate, amid a push for tackle climate change. The new group, Sustainable Energy Group (SEG), will combine Energy &...

April 7, 2021
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07Apr

UK pensions regulator warns pension schemes on climate disclosures

Britain's pensions regulator will consider enforcement action against pension schemes who do not make mandatory climate risk disclosures, it said on Wednesday. Read also Climate change worse than pandemic: UK regulator The Pensions Regulator said it was calling on scheme trustees to protect pensions savers from climate risk, ahead of proposed regulations requiring trustees of larger schemes to keep track of their climate change exposure. Read also UK. Pension communications ‘failing to engage’ more women than men “Where we do not see schemes...

April 7, 2021
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