June 2019

18Jun

Brazil: The battle over pensions

The government’s difficulties are emerging clearly, with the weakness of its parliamentary group, stuck between the unpopularity of the reform and the clientelist pressures of the parties of the centre, unable to show their support for Guedes’ proposal. So, the visit of the minister ended in noisy confusion and an exchange of insults. The embarrassment of the minister representing the banking sector in the Commission led to a fall in capital markets. The next day was marked by the...

June 18, 2019
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17Jun

Demografía y destino: la caída de la natalidad en Uruguay no es un fenómeno irreversible

Los norteamericanos suelen decir que "la demografía es el destino". Esto signica que las tendencias demográcas de un país o región determinan en gran medida su futuro. Podemos vaticinar que, de mantenerse las actuales tendencias demográcas, Uruguay se encamina hacia un futuro muy difícil. Simplicando un poco, se puede decir que una población cerrada (sin emigración ni inmigración) necesita una Tasa Global de Fecundidad (TGF) mínima aproximada de 2,1 hijos por mujer para mantenerse constante a largo plazo. Pues...

June 17, 2019
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17Jun

How to take advantage of all the uncertainty with the stock market

As the stock market swings amid tariff and trade war threats, you might get nervous about the effects on your 401(k) or other investments. But a shaky market is no reason to stray from your financial plan. Behavior at the end of 2018 is a striking example. As the market soured in the final months of the year, investors pulled funds to mitigate losses, according to DALBAR's 2018 Investor Behavior Study, but not nearly enough to avoid the full...

June 17, 2019
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17Jun

Is it normal to face €2,300 fee on UK pension transfer?

I am a 54-year-old woman, who has 20 years of various pensions from working in the UK. I have been living and working in Ireland for 14 years. The transfer value of my UK private pensions totals about £250,000 (€283,000). I have been discussing this with a number of financial advisers - and am now close to transferring my pensions to Ireland. Part of my pension portfolio comes from an eight-year service with a bank I have worked with...

June 17, 2019
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14Jun

Evolving Eldercare in Contemporary China: Two Generations, One Decision (Series in Asian Labor and Welfare Policies) (English Edition)

By Lin Chen With an increasing number of elders moving into nursing homes, the shift from family to nursing home care calls for an exploration of caregiving decision-making in urban China. This study examines how a rapidly growing aging population, the one-child policy, and economic reform in urban China pose unprecedented challenges to the country’s ingrained tradition of family caregiving. It presents interviews of matched elders and their children from a government-sponsored nursing home in Shanghai and analyzes...

June 14, 2019
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14Jun

The Future of Public Employee Retirement Systems (Pensions Research Council) (English Edition)

By Gary Anderson, Olivia S. Mitchell People covered by public pensions are often the subject of 'pension envy:' that is, their benefits might seem more generous and their contributions lower than those offered by the private sector. Yet this book points out that such judgments are often inaccurate, since civil servants hold jobs with few counterparts in private industry, such as firefighters, police, judges, and teachers. Often these are riskier, dirtier, and demand more loyalty and discretion than would...

June 14, 2019
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14Jun

Social Security Coverage for State and Local Government Workers: A Reconsideration

By William G. Gale, David John, Sarah E. Holmes Since it was created in 1935, Social Security has grown from covering about half of the work force to covering nearly all workers. The largest remaining exempted group is a subset of state and local government workers (SLGWs). As of 2008, Social Security did not cover about 27 percent of the 23.8 million SLGWs (Congressional Research Service 2011). Non-coverage of SLGWs is concentrated in certain states scattered around the country...

June 14, 2019
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14Jun

The Great Pension Debate: Finding Common Ground

By Robert L Brown, Stephen Eadie In the never-ending debate about finding an optimal pension model, many proponents start the discussion at extreme ends of the pension model paradigm. At one extreme is a traditional, fully guaranteed defined-benefit (DB) pension plan. In this plan, all of the risks are born by the plan sponsor given that plans are fully funded. While such plans are growing rare today that is the starting point for many in this debate. At the...

June 14, 2019
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14Jun

A las AFP no les gusta la idea de elevar el 4% de cotización adicional con un componente solidario

El gerente general de la Asociación de AFP, Fernando Larraín, manifestó su respaldo, una vez más, a la posibilidad de elevar hasta un 5% o más la cotización adicional con cargo al empleador, una idea que estaría evaluando el gobierno. “Lo que hemos venido diciendo hace varios años es que la tasa de cotización que teneos, dadas las expectativas de vida de Chile y dado los nivles de ahorro que tenemos, (es que) necesita subirse (esa cotización)”, dijo el...

June 14, 2019
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14Jun

Australian regulator slaps stricter conditions on AMP’s pension funds, shares fall

Australia’s banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd’s pension fund units following concerns regarding its compliance with superannuation laws, sending its shares down more than 4%. The move comes as the country’s largest listed wealth manager works to rebuild its brand after revelations of serious wrongdoing at an inquiry into the financial sector last year, including the charging of fees for services not rendered. Responding to the Australian Prudential Regulation Authority (APRA),...

June 14, 2019
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