Pension design Archives - Page 17 of 46 - Pension Policy International

15SepSeptember 15, 2023

Risk Aversion and Savings Behavior

By Antoine Bommier, Francois Le Grand & Lionel Wilner This paper investigates the relationship between lifetime savings and risk aversion. First, we take a theoretical approach in a two-period framework with a very general non-parametric model. We show that risk aversion reduces savings in the presence of mortality risk. We then verify the negative impact of risk aversion on savings in a numerical exercise, with a multi-period setting where mortality risk is calibrated on actual demographic life-tables. Finally, we check...

September 15, 2023

Articles, Savings2023, Pension design, Pension Management, Risk

15SepSeptember 15, 2023

Mobile Apps Emerge as a Critical Tool for Retirement Plan Providers

Amid ongoing market volatility, it’s little wonder that plan participants are keeping a close eye on their retirement account balances, and they increasingly are doing so via mobile apps. As a result, mobile apps have taken center stage as critical tool for retirement investors, according to J.D. Power’s 2023 U.S. Retirement Plan Digital Experience Study released Sept. 14. And while improved market performance has helped lift overall satisfaction with retirement plan digital tools, for firms that want to differentiate and increase customer...

September 15, 2023

NewsPension design, Pension Management, savings, US

12SepSeptember 12, 2023

Carving a Path For Fixed Income Through Shifting Scenarios

With market expectations that the Federal Reserve is close to the end of its interest rate hiking cycle with the likelihood of avoiding a U.S. recession, institutional investors are considering a wider set of opportunities across fixed income and credit to take advantage of attractive current yields. A selective investment approach may be a prudent choice, allowing investors to withstand prolonged inflationary pressures, uncertainty over slowing growth and persistent geopolitical risks. “From our fixed-income perspective, we are back in an...

September 12, 2023

NewsPension design, Pension Management

08SepSeptember 8, 2023

US. Traditional pension plans are pretty rare. But here’s who still has them and how they work

The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a strike. But for most private-sector US workers, pensions disappeared long ago. In a traditional pension, employers contribute, invest and manage retirement funds for their workers, who then receive guaranteed monthly checks for life after they retire. But over the past several decades, employers have either...

September 8, 2023

NewsOccupational Pensions, Pension design, US

01SepSeptember 1, 2023

Contingency Fund: Individual Retiree Risk Management

By Jason Branning & Ray Grubbs The goal of this article is to provide an actionable framework for contingency planning for individual retirees through the modern retirement theory (MRT) perspective. Contingency planning encompasses a retiree’s risk management processes, techniques, and strategies, along with a choice architecture. Our goal is to provide insights that are mitigating to those conditions within longevity that can impair or impact a retiree’s ability to remain retired. We offer three risk categories—known, unknown, and unknowable—as an...

September 1, 2023

Articles, Savings2023, Pension design, Retirement Planning

29AugAugust 29, 2023

Examining the Effects of Changes to UK Auto-Enrollment

Eliminating the U.K. trigger for auto-enrollment into workplace pension contributions—which currently requires an individual earn more than 10,000 pounds per year—would have a significant positive effect on the retirement outcomes for 90% of individuals, new research shows. However, the change mulled over by lawmakers across the pond may also have a negative impact on a small but considerable segment of the population, according to modeling and research commissioned by the Pension and Lifetime Savings Association and carried out by...

August 29, 2023

NewsBehavioral Science, Pension design, UK

22AugAugust 22, 2023

UK. PLSA: Can low earners be safely auto-enrolled in workplace pensions?

In the realm of pensions policy, there exists a significant knowledge gap when it comes to understanding and addressing the needs of low earners. While various segments of the population have been subject to extensive research, individuals with low incomes who are still engaged in employment have remained relatively understudied. The PLSA commissioned the Pensions Policy Institute (PPI) to evaluate the issue of low earners and whether AE could provide a way of improving their retirement outcomes. The subsequent report -...

August 22, 2023

NewsIncome, Pension design, UK

21AugAugust 21, 2023

Nigeria mulls Rwanda, Kenya model to spike micro- pension enrolment

Stakeholders in the Nigerian pension industry worried about the slow pace of informal sector enrolment into the country’s Micro Pension Plan (MPP) are considering workable models in Rwanda, Kenya among others. They believe that they lack of critical incentives like co-contributions, free healthcare and insurance found in micro pension scheme in these other countries are making the Nigerian model unattractive to potential enrolees. In this vein, the industry including the regulator, the National Pension Commission (PenCom) and the Pension Fund Administrators...

August 21, 2023

NewsInformal Sector, Nigeria, Pension design

18AugAugust 18, 2023

Annual report on intra-EU labour mobility 2022 published

By European Commission Irrespective of the pandemic, the number of working age EU citizens living in another Member State remained stable, at 10.2 million in 2020. The number of persons moving, however, declined in line with the restrictions imposed because of the pandemic. With the pandemic phasing out, we expect that these figures will return to pre-Covid-levels. The labour market performance of mobile workers has, following a Covid-induced dip in 2020, again reached 74%, i.e. the same level as for nationals....

August 18, 2023

Books, Books, Labor Market, Reports2023, Europe, Labor Market, Pension design

18AugAugust 18, 2023

Uncovering the profile of low earners in the UK and the potential for pension saving through automatic enrolment

By Pensions and lifetime savings association In the realm of pensions policy, there exists a significant knowledge gap when it comes to understanding and addressing the needs of low earners in the United Kingdom. While various segments of the population have been subject to extensive research, individuals with low incomes who are still engaged in employment have remained relatively understudied. This group represents a complex demographic, comprising diverse subgroups, who may be earning modest incomes for varying reasons and circumstances. The...

August 18, 2023

Books, Books, Reports, Savings2023, Informal Sector, Pension design, Poverty, savings, UK

September 2023

Risk Aversion and Savings Behavior

Mobile Apps Emerge as a Critical Tool for Retirement Plan Providers

Carving a Path For Fixed Income Through Shifting Scenarios

US. Traditional pension plans are pretty rare. But here’s who still has them and how they work

Contingency Fund: Individual Retiree Risk Management

August 2023

Examining the Effects of Changes to UK Auto-Enrollment

UK. PLSA: Can low earners be safely auto-enrolled in workplace pensions?

Nigeria mulls Rwanda, Kenya model to spike micro- pension enrolment

Annual report on intra-EU labour mobility 2022 published

Uncovering the profile of low earners in the UK and the potential for pension saving through automatic enrolment