August 2019

27Aug

Japan estimates cast doubt over public pension sustainability

Japan’s government unveiled estimates on Tuesday that showed public pension benefits steadily declining during coming decades, as it prepares to open up a debate on social security reforms needed to support an aging population. Curbing bulging welfare spending is a vital step toward fixing the industrial world’s heaviest debt burden, which is currently more than twice the size of Japan’s $5 trillion economy. While Prime Minister Shinzo Abe’s government has made welfare reform a top priority, it has moved...

August 27, 2019
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26Aug

México. Millennials, lo que más aportan al Estado y los que menos reciben de vuelta

¿Quién pagará sus servicios cuando sean viejos? Condiciones económicas los limitan y tener hijos ya no es una prioridad Hace falta implementar una política pública con perspectiva sociodemográfica Los millennials son la generación de jóvenes nacidos entre 1980 y 1999, es decir, actualmente es la población que oscila entre los 20 y los 39 años de edad. Son también, quienes enfrentan una mayor desigualdad socioeconómica, se emplean en un mercado laboral más precario y con menos seguridad social y...

August 26, 2019
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26Aug

La verdad detrás del supuesto “corralito” de Piñera en la reforma a las pensiones

El actual sistema de pensiones funciona desde noviembre de 1980, fruto de una idea del entonces ministro del Trabajo y Previsión Social, José Piñera. A diferencia del antiguo formato, mediante cajas de previsión bajo el sistema de reparto, las Administradoras de Fondos de Pensiones (AFP) funcionan bajo el sistema de capitalización individual, es decir, cada trabajador tiene una cuenta de ahorro obligatoria personal que está en manos de una de las seis AFP que actualmente operan en nuestro país....

August 26, 2019
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26Aug

México. No hay claridad con trámites de pensión

Es muy preocupante que el propio IMSS no sea totalmente claro ni transparente cuando de proporcionar información para el trámite de una pensión se trata. Por si no lo sabe, cuando un trabajador toma la decisión de poner fin a su vida laboral y desea tramitar su pensión, generalmente no tiene idea de qué documentos debe de reunir y qué formalidades debe cubrir, para satisfacer lo establecido por el reglamento y/o el o los acuerdos que al efecto emita...

August 26, 2019
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26Aug

US. Blame The Fed For The Coming Pension Fund Crisis

Most public and private pensions in the United States are underfunded, many severely so. Back when interest rates floated in a historically normal range, there was not a serious issue of pension underfunding. Ultra-low interest rates have pushed pensions into riskier assets such as corporate equities and bonds. Pension demand for corporate bonds has facilitated a surge of debt-funded buybacks. What happens when pensions are no longer able to keep up their massive procurement of corporate debt? American pensions are...

August 26, 2019
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26Aug

Japan. Healthcare for the ageing and elderly worldwide is turning to robots

In America and other ageing societies around the world, it has become common for the elderly to be cared for by their greying children or older workers. That’s largely because the younger labour force is shrinking, and few want to do such low-paying, back-aching work. Japan sees an answer in robots. At Minami Tsukuba nursing home near Tokyo, caregiver Asami Konishi wears a robotic device on her hips that cuts the stress on her back when she bends and...

August 26, 2019
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26Aug

New zealand. National floats company tax cut, recommits to higher pension age

The National Party is floating a cut to New Zealand's 28 per cent company tax rate among a suite of possible tax changes it would promise going into the 2020 election. "New Zealand has one of the highest company tax rates in the OECD at 28 per cent and we collect the fourth largest share of tax in the OECD from companies," the party's leader, Simon Bridges, said today at a launch of the party's economic policy discussion document...

August 26, 2019
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23Aug

Wealth: The Ultra-High Net Worth Guide to Growing and Protecting Assets

By Richard P. Rojeck With few exceptions, books on personal finance focus on investing. And with few exceptions, these same books focus on the general public. This book takes a comprehensive approach to the subject, directed to the ultra-high net worth reader, filling this void. While there is no shortage of experts in legal, tax, investment, and other matters, in many ways, ultra-high net worth individuals are underserved, even as they are confronted with potentially increasing challenges...

August 23, 2019
Books, Investing, Savings,
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23Aug

Towards Implementing Inclusive Authentication Technologies for Older Adults

By Sanchari Das, Andrew Kim, Ben Jelen, Joshua Streiff, L. Jean Camp, Lesa Huber Two-factor authentication (2FA) provides protection for on-line accounts through efficient and highly robust access control. Adoption and usability, however, remain challenging for such security tools and technologies. Most current research on 2FA focuses on convenience samples of experts in the technology sector while neglecting non-experts. As older adults increasingly use everyday digital technologies, providing convenient means for them to protect their online data has become...

August 23, 2019
Aging, Articles,
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23Aug

Bridging Public Pension Funds and Infrastructure Investing

By Clive Lipshitz, Ingo Walter Underfunding of U.S. public pensions is a chronic policy issue that has become more severe over time. Public pension obligations were estimated at $5.96 trillion at the end of 2017 supported by assets of $4.33 trillion — a shortfall of $1.63 trillion and a ‘funded-ratio’ of 72.6%. We consider the sustainability of public pension systems in the face of changing demographics and frequently inadequate funding and investment returns, and make the connection to the...

August 23, 2019
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