By The Pensions Regulator The Pensions Regulator (TPR) is the UK regulator of workplace pension schemes. We make sure that employers put their staff into a pension scheme and pay money into it. We also make sure that workplace pension schemes are run properly so that people can save safely for their later years. Read book “here”
By Takashi Oshio, Satoshi Shimizutani & Akiko S. Oishi This study examines how elderly employment is associated with social security programs and how it responds to recent reforms in Japan. To this end, we employed a rich and longitudinal dataset of middle-aged and older individuals collected between 2005 and 2018. By incorporating various factors related to social security incentives into a single index of implicit tax (ITAX), we confirmed that the index successfully captured the incentives and their changes incorporated...
By Vishaal Baulkaran & Pawan Jain We investigate the impact of COVID-19 on using home equity to fund retirement income. We show that financial planners believe that COVID-19 positively influenced their clients’ willingness to utilize home equity products to fund retirement income in particular, sell and downsize and HELOC options. For consumers, COVID-19 does not seem to have a major impact on the outlook on residential property, retirement income, retirement plan, or perceived/actual standard of living during retirement. However, there...
By Herman Kruse & Andreas Steinvall Myhre This paper studies the economic effects on re-employment and program substitution behavior among elderly displaced workers who exogenously lose eligibility for their early retirement option. We use detailed Norwegian matched employer-employee data containing information on bankruptcy dates and individual income, wealth, pensions and social security benefits. As job displacement before a certain age cut-off results in the loss of eligibility for early retirement benefits between ages 62–67 years in Norway, we are able...
By Youngsoo Jang, Svetlana Pashchenko & Ponpoje Porapakkarm How should we compare welfare across pension systems in presence of differential mortality? A commonly used standard utilitarian criterion implicitly favors the long-lived over the short-lived. We investigate under what conditions this ranking is reversed. We clearly distinguish between the redistribution along mortality and income dimensions, and thus between mortality and income progressivity. We show that when mortality is independent of income, mortality progressivity can be optimal only when (i) there is...
By Anetha Kumanireng, Reniati Marimpan & Veronika Tombi Layuk After leaving work, retirement is an importan phase in one's life. Companies must prepare for retirement well. One of the elements that must be considered is the accounting for pensions and post-retirement benefits. This article will discuss the importance of this accounting for companies. Source @SSRN
By Alexandre Laurin & George Turpie Simple changes to tax rules can improve retirement security for Canadians, as well as make the retirement system more equitable among different classes of savers, and more efficient at managing longevity risks for capital decumulation. This E-Brief provides a discussion of needed retirement-related tax changes impacting members of capital accumulation plans, such as RRSPs and defined-contribution (DC) plans, divided into the accumulation and decumulation phases. Among the key tax changes recommended for the accumulation phase:...
Por Natalia Aranco, Mariano Bosch, Marco Stampini, Oliver Azuara, Laura Goyeneche, Pablo Ibarrarán, Deborah Oliveira, María Reyes Retana, William Savedoff & Eric Torres En este informe se analiza la calidad de vida de las personas mayores en América Latina y el Caribe, cómo se relaciona con las políticas de protección social y cómo estas políticas deben adaptarse al envejecimiento de la población. Se mide la calidad de vida de las personas mayores como una combinación de esperanza de vida saludable...
Por Deloitte El presente documento es producto de una investigación realizada por Deloitte para profundizar sobre la cultura de ahorro de las personas en Chile, especialmente en un contexto global de inseguridad financiera. Para ello se utilizó como base la encuesta global lanzada por Deloitte denominada Retirement & Saving Survey. Para recoger la realidad chilena en el contexto actual se buscó entender la intención de ahorro de las personas y, con ese fin, el foco se centró en caracterizar el...
Por Federación Internacional de Administradoras de Fondos de Pensiones Debido al bajo porcentaje de trabajadores que efectivamente cotizan en los programas contributivos de pensiones, en promedio el 60% de los adultos mayores de 65 años en la región latinoamericana no recibe una pensión contributiva. Ante este panorama, surge el desafío de aumentar la cobertura previsional contributiva. En el documento se destacan 11 propuestas que permiten lograr ese objetivo. Las primeras 5 son: Promover el desarrollo económico de forma sostenida mediante diversas...
