September 2020

11Sep

Gender Gap in Pension Income: Cross-Country Analysis and Role of Gender Attitudes

By Anna Veremchuk, University of Tartu The aim of this paper is to study the gender pension gap in Europe based on the newest EU-SILC data from the 2018 wave. The contribution of the paper is twofold. First, it provides evidence on factors shaping the gender pension gap in a large number of EU countries. Second, it analyses the relationship between the pension gap and: (1) the coverage of occupational (second pillar) pensions and (2) gender attitudes. The main factor contributing to gender...

September 11, 2020
Adequacy, Articles, , , ,
Read more...
09Sep

Australia. Super must not become a meagre pension: Labor

Superannuation should not replace a meagre government-funded pension for a meagre privately-funded one, Labor's financial services spokesman Stephen Jones will argue on Wednesday. He will also demand that the government release its long-awaited retirement income review to provide better information in the current debate on superannuation. In a speech to the Association of Superannuation Funds of Australia, Mr Jones will say that by 2065, there will be about three workers for every one retired person, down from a ratio of...

September 9, 2020
News, Slider, , ,
Read more...
07Sep

Poverty trap in Mexico, 1992-2016

By Eduardo Loría The paper aims to prove that between 1992 and 2016, people in poverty as a proportion of the total population has not been reduced. In particular, food poverty (FP) represented an average of 22%, despite the fact that gross domestic product (GDP) per capita and GDP, social development expenditure and food programme expenditure (both as GDP proportion) grew by 0.96%, 1.9%, 2.7% and −17.4% on an annual average, respectively. Design/methodology/approach There are non-linear relationships between...

September 7, 2020
Articles, System Sustainability, , ,
Read more...

August 2020

21Aug

Study of an SB2 Beneficiary’s Pension Plan

By Enriqueta Mancilla-Redón, Carmen Lozano Arizmendi The individual account pension system established by the Social Security Act 1997 shows that the contributions of beneficiaries invested in retirement fund managers have had negative returns and the investment instrument in which the contributions of the retirement savings system are invested are not known. The objective of this study is to analyze the contributions in AFORES of an SB2 classification beneficiary invested in SIEFORES and the performance they have generated that the...

August 21, 2020
Articles, Investment, Pension Management, , , ,
Read more...
12Aug

Fitch Ratings recommendations for Brazil’s Pension Deductible Loan Regulation: Credit Neutral

Changes approved by the Brazilian Social Security National Council (Conselho Nacional de Previdencia Social, CNPS) to the pensioner deductible loan regulation in response to the economic impacts of the coronavirus pandemic are expected to be Credit Neutral for Fitch's rated portfolio of pension deductible loan (PDL) securitizations, says Fitch Ratings. Proposed changes, which seek to increase availability of credit in the economy, consider (i) increasing the maximum credit limit to 1.6x (from 1.4x) of the obligor's monthly income for...

August 12, 2020
News, Slider, , ,
Read more...
07Aug

How Much to Save? Decision Costs and Retirement Plan Participation

By Jacob Goldin, Tatiana Alexandra Homonoff, Richard Patterson, Bill Skimmyhorn Deciding how much to save for retirement can be complicated. Drawing on a field experiment conducted with the Department of Defense, we study whether such complexity depresses participation in an employer-sponsored retirement saving plan. We find that simplifying one dimension of the enrollment decision, by highlighting a potential rate at which non-participants might contribute, increases participation in the plan. Similar communications that did not include a highlighted rate yield...

August 7, 2020
Articles, Pension design, Savings, , ,
Read more...

July 2020

20Jul

UN Secretary General proposes Basic Income

On the 18th July the Secretary General of the United Nations gave the annual Nelson Mandela Lecture. People want social and economic systems that work for everyone. They want their human rights and fundamental freedoms to be respected. They want a say in decisions that affect their lives. Read also France delays retirement reform that caused mass strikes The New Social Contract, between Governments, people, civil society, business and more, must integrate employment, sustainable development and social protection, based...

July 20, 2020
News, Slider,
Read more...
20Jul

Financial Corner: How Can You Help Lower Your Longevity Risk?

Insurance companies and pension funds view longevity risk as the risk they incur when their assumptions about life expectancies and mortality rates are incorrect, leading to higher payout levels. But for you, as an individual investor, longevity risk is less technical and more emotional: it’s the risk of outliving your money. To assess your own longevity risk, you’ll first want to make an educated guess about your life span, based on your health and family history. Plus, you’ve got...

July 20, 2020
News, Slider, , ,
Read more...
15Jul

Greece’s supreme court rules for reimbursement of pension cuts

The Council of State, Greece's supreme administrative court, on Tuesday issued five rulings awarding back payments of wrongfully cut pensions to pensioners for the period between June 2015 and May 2016, ANA reports. The court found in favor of pensioners that had appealed against the pension cuts, seeking their backdated return for the above period. All those that had contested the cuts in court will receive backdated payments.Those that have not yet initiated proceedings for the return of the sums...

July 15, 2020
News, Slider, ,
Read more...
13Jul

Older South Africans are taking their wealth and pensions offshore

In the current precarious economic climate, South African residents over age 55, who invested in retirement annuities (RAs), preservation funds or pensions, are increasingly transferring their investments to living annuities with offshore equity exposure. Read also Greece’s supreme court rules for reimbursement of pension cuts Claudia Mendes, international financial planner at Sable International, considers the argument for going offshore. South African residents find themselves investing in a country that has a concentration of resource stocks and a volatile currency. With...

July 13, 2020
News, Slider, , , ,
Read more...