January 2023
24Jan

Financial regret at older ages and longevity awareness

By Abigail Hurwitz & Olivia S. Mitchell Older people often express regret about financial decisions made earlier in life that left them susceptible to old-age insecurity. Prior work has explored one outcome, saving regret, or peoples’ expressed wish that they had saved more earlier in life. The present paper extends attention to five additional areas regarding financial decisions, examining whether older Americans also regret not having insured better, claimed benefits and quit working too early, and becoming financially dependent on...

January 24, 2023
Articles, Savings, , ,
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20Jan

Suspende Consar traspasos de Afore para proteger a los ahorradores de minusvalías

Por la noche del jueves 19, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), entidad reguladora del sistema de pensiones nacional, sorprendió al mercado con el anuncio de una medida inédita hasta ahora en este mercado. La Consar informó que, ante la elevada volatilidad que ha prevalecido en el mercado financiero, situación que ha provocado minusvalías históricas en las Afore, a partir del pasado 16 de diciembre dicha autoridad suspendió los cambios de Afore, este tipo de...

January 20, 2023
Noticias, Noticias, , ,
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18Jan

Investment Risk Minimization and Optimization of Future Pension Plans

By Peter Vodička Thesis is a collection of three papers with several contributions to the optimisation of future pension plans for the long-term savers while minimising their investment risk. Since pillar aim is to improve the transparency of the pension funding, we develop investment strategies for individual savers which are easy to understand whilst at the same time performing optimally, or near optimally. Furthermore, all investment prospects are communicated in real terms. Principal investment strategy introduced in the thesis is called...

January 18, 2023
Articles, Investment, Pension Management, ,
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18Jan

A Behaviorally Informed Financial Education Program for the Financially Vulnerable: Design and Effectiveness

By Ernst-Jan de Bruijn, Gerrit Antonides & Tamara Madern Financially vulnerable consumers are often associated with suboptimal financial behaviors. Evaluated financial education programs so far show difficulties to effectively reach this target population. In our attempt to solve this problem, we built a behaviorally informed financial education program incorporating insights from both motivational and behavioral change theories. In a quasi-experimental field study among Dutch financially vulnerable people, we compared this program with both a control group and a traditional program group....

January 18, 2023
Articles, Pension design, ,
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17Jan

Reforma pensional: Gustavo Petro prefiere renunciar antes de subir la edad de pensión

Luego de que el ministro de Hacienda, José Antonio Ocampo, afirmó que el Gobierno nacional no descarta un aumento en la edad de jubilación en la próxima reforma pensional, lo que generó la polémica a nivel nacional, el presidente Gustavo Petro contradijo al funcionario y desestimó la idea. Por medio de Twitter, el mandatario aseguró: “primero renuncio antes de subir la edad pensional”. Exactamente, Ocampo dijo en una entrevista con El País de Cali, al ser consultado por el impacto de...

January 17, 2023
Noticias, Noticias, , ,
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13Jan

The Effect of Required Minimum Distributions on Intergenerational Transfers

By: Jonathan M. Leganza How do households use retirement savings accounts in retirement? The answer to this question is important for tax policy pertaining to retirement savings. I shed light on this question by studying how households respond to Required Minimum Distribution (RMD) regulations, which mandate withdrawals from retirement accounts upon reaching a specified age. Using data from the Health and Retirement Study and a regression discontinuity design, I estimate the causal effects of aging into RMD regulations. First, I...

January 13, 2023
Articles, Savings, ,
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13Jan

Long-Term Real Dynamic Investment Planning

By Russell J. Gerrard, Munir Hiabu, Jens Perch Nielsen & Peter Vodička When long-term savers plan for retirement they need to know their investment prospects in terms of real income (Merton, 2014). While inflation has traditionally been considered as a complication in financial analysis and financial practise, we obtain enhanced predictability and model fit if the real returns are targeted in conjunction with earnings-by-price minus inflation as predictor. For this latter case, we propose an investment strategy of updating the...

January 13, 2023
Articles, Investment, ,
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13Jan

Secure Act 2.0: A Missed Opportunity to Enhance Retirement Equity

By Albert Feuer SECURE Act 2.0, which was enacted on December 29, 2022, represents a missed opportunity to enhance retirement equity. The Act’s 92 provisions provide small new tax incentives to those American workers struggling to save for a comfortable retirement, larger tax incentives to those with few retirement concerns, more complex retirement tax rules, and weaken compliance rules that are primarily applicable to those with few retirement concerns. Source @Papers

January 13, 2023
Articles, Regulation, , ,
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06Jan

Pension Fund Statistics – Q3 2022

By Central Bank of Ireland Total assets of the Irish pension fund sector fell by 2.5 per cent (€3 billion) over Q3 2022 to stand at €117 billion. This continues a trend across the year to date with assets down 14.9 percent on the series high of €137 billion at end-2021. Technical reserves relating to pension entitlements of Irish pension funds decreased in Q3 2022. 1 Defined contribution (DC) technical reserves fell as a result of falls in corresponding asset values. Defined benefit...

January 6, 2023
Books, Books, Reports, System Characterization, ,
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