August 2018

Broadening Britain’s savings base by reforming pensions tax relief: CPS

EMBARGOED 0001 MONDAY 27 AUGUST 2018 GOVERNMENT MUST REFORM PENSIONS TAX RELIEF TO BROADEN BRITAIN’S SAVINGS BASE FIGURES SHOW UK HOUSEHOLD SAVINGS RATIO HAS HIT RECORD LOW Britain’s household savings ratio has plummeted to 4.9%, the lowest since records began in 1963. With savings rates falling and the top 1% of earners receiving double the pensions tax relief of half the working population, the time has come to reform the system. The complexity, cost, and inflexibility of the pensions system, combined with widespread...

August 27, 2018
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July 2018

27Jul

Europe is aging—it’s high time to invest in youth

The old world is getting older. The populations of European Union (EU) countries are aging and shrinking. Life expectancy at birth in the EU has increased by more than two years per decade since the 1960s to 78 and 84 years in 2016 for men and women respectively. It is projected to further rise by 8 and 7 years for men and women respectively by 2070, pushing the share of the population over 65 to 30 percent by 2070...

July 27, 2018
News, Slider, Uncategorized
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02Jul

UK. Women face ‘glaring’ gender pension gap

Young women aged in their late 20s or early 30s faced an 11% smaller pension pot than men by the time they retired, Fidelity International said. It said women faced a penalty because of motherhood and caring commitments. But it also accepted that the industry was partly at fault for failing to engage women. "We have to recognise where we have failed as an industry," Fidelity International's investment director, Maike Currie, told the BBC News website. She said jargon and a...

July 2, 2018
News, Uncategorized
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June 2018

08Jun

Millennials and retirement: How bad is it?

Concern about the financial health of America’s younger generations is growing—especially millennials, a demographic boom that came of age in an environment of unstable work and record levels of student debt. Experts worry that millennials are falling so far behind previous generations that their retirement may be at risk. My research suggests that those concerns are real, and millennials really are building wealth more slowly than the other working generations. But they are not insurmountable—as long as millennials are willing...

June 8, 2018
News, Slider, Uncategorized
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May 2018

Terms and Conditions and Privacy Policy

Please see both our terms and conditions and privacy information, below: Terms and Conditions Pension Policy International, Inc. (“PPI”) and the company or individual (“Customer”) agree that PPI shall make available to Customer the services identified in the Order (“Services”), subject to this Subscription Agreement (“Agreement”). Services may include, but are not limited to, online full access to the Resource Library (“Content”). Licenses 1.1. PPI grants to Customer a non-exclusive, non-transferable license (“License”) subject to the limitations contained in this Agreement and...

May 18, 2018
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April 2018

25Apr

Spain. The Toledo pact opens to retake the IPC in the revaluation of pensions

The mobilizations of pensioners of past few months are having consequences. First it was an increase of 0.25% this year for lower pensions that was reflected in budgets. Now within pact of Toledo, an agreement is being opened up which would reposition prices and its evolution at centre of annual revaluation of pensions, according to several parliamentary sources. The final text of recommendation two, which refers to revaluation of pensions, of new edition of Toledo Pact is not yet...

April 25, 2018
News, Slider, Uncategorized
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March 2018

13Mar

The Growing Pension Risks Facing Boomers and Gen Xers

The pension they were expecting to receive every month from their former employer might not be coming from that employer. Instead, it may be turned over to an insurance company hired to manage the pension plan and turn it into monthly annuity payments. If that happens, the pension benefits will no longer be guaranteed by the federal Pension Benefit Guaranty Corp. (PBGC), but by a state insurance guaranty agency. Alternatively, your employer may try to get your pension off its...

March 13, 2018
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01Mar

US. Senate Republicans say pension reform bill will be changed. Crowd says ‘we’ll be back’

Senate Republicans told a vocal crowd Wednesday they will introduce a substitute for the pension reform bill that makes key changes, including curbing a proposed reduction in retired teachers' cost-of-living adjustments. Sen. Joe Bowen, R-Owensboro, said the substitute for Senate Bill 1 will preserve many provisions from the measure he filed last week, but not all. Instead of slashing retired teachers' annual cost-of-living adjustments in half for 12 years, the substitute would reduce that figure from 1.5 percent to 1 percent...

March 1, 2018
News, Uncategorized
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February 2018

Airlines Are Making Tons of Money. Now Pilots Want Their Pensions Back

Airline pilots, still resentful over pensions yanked away in a wave of industry bankruptcies, see growing company profits as a chance to reclaim some of those lost benefits. Unions at American Airlines Group Inc. and Delta Air Lines Inc. are studying ways to reconstitute or replace retirement plans that were scrapped or frozen during the carriers’ past financial struggles. The efforts suggest that pilots are ready to play hardball over the issue in the next round of labor talks, starting early...

February 23, 2018
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