March 2022
09Mar

US. This Is The Best Kept Secret In Retirement Planning & It’s About To Make Retirement More Expensive & Complicated

Looking past the gas pump to me on the other side, a 60-something year old woman states, “I waited a long time for this.” Jiggling the nozzle out from my tank, “What’s that?” I ask. She replies blandly, “Retirement.” Continuing, as if speaking to a larger invisible audience, she points up to the pump price sign and shakes her head saying, “With these prices, I just don’t know.” Fuel prices, and transportation costs generally, are on the rise for all of us....

March 9, 2022
News, Slider, , ,
Read more...
US. Already claimed Social Security? There are still ways you may be able to increase your retirement benefits
05Mar

US. Already claimed Social Security? There are still ways you may be able to increase your retirement benefits

Social Security benefits make up about 30% of elderly Americans’ incomes, according to the Social Security Administration. For some beneficiaries, it can be 90% or more. Yet many people do not think of those earned benefits, and the monthly checks that come with them, as a personal financial asset, according to Social Security expert Larry Kotlikoff, author of a new book titled “Money Magic: An Economist’s Secrets to More Money, Less Risk and a Better Life.” The money you pay into the...

March 5, 2022
News, Slider, , ,
Read more...

February 2022
28Feb

Nigeria. Stakeholders advocate micro pension to secure financial future

The Pension Fund Operators Association of Nigeria have urged those in the informal sector to embrace micro pension as a means of securing their future financially. The Chief Executive Officer of the Association, Mr. Oguche Agudah made the call at the maiden Retreat and Unveiling of Magazine, THE PENSIONER for the Pension Correspondents Association of Nigeria in Abuja. Mr. Agudah said Contributory Pension Scheme should be embraced by all, because of its flexibility and safety of funds as it was a...

February 28, 2022
News, Slider, , ,
Read more...
24Feb

Pension Systems and Sustainability: Japan

By United Nations With 297 trillion yen ($2,854 billion) in assets, the Japanese pension system is the third largest in the world.1 Between public and private providers, some 54% of assets are managed by PRI asset owner signatories, a higher proportion than in Australia, the US and the UK. This report builds on ideas set out in the PRI briefing ‘Sustainable Finance Policy in Japan’, published in October 2020, providing an overview of the Japanese system and its key sustainability...

February 24, 2022
Books, Reports, System Characterization, , , ,
Read more...
22Feb

One of Top Korean Banks to Launch Crypto Fund

Kookmin Bank, one of the four largest banks ranked by asset value in South Korea, is set to launch its own cryptocurrency investment fund. Read also Canadian Pensions Bankrolling Elder Abuse and Misappropriation of Public Money by French Long-term Care Multinational: CUPE According to an announcement, the so-called Digital Asset Management Committee will work on a crypto exchange-traded fund (ETF). Although the timetable is unclear, the bank said it plans to speed up its efforts after the country gets more clear...

February 22, 2022
News, Slider, , ,
Read more...
21Feb

China to allow more pension providers

China will expand its commercial pension pilot scheme nationwide from March 1 this year and allow other pension providers to participate in addition to six Chinese life insurers that have been allowed previously, China Banking and Insurance Regulatory Commission said on Monday (February 21). CBIRC asked pension providers to keep exploring new products to cater to the need of new economy and flexible workers. It initiated a one-year pilot scheme for commercial pension products in Zhejiang and Chongqing province from June...

February 21, 2022
News, Slider, , ,
Read more...
21Feb

UK. Royal Mail moves ahead with CDC scheme

Royal Mail, the Communication Workers Union and Unite have agreed to progress plans to introduce a new collective defined contribution scheme, the first of its type in the country, following a consultation with members. Royal Mail launched its consultation in September 2021, in which it laid out plans for the new Royal Mail Collective Pension Plan. Under a CDC arrangement, members pool investment and longevity risk and contribution rates for employers and employees are set in advance. The group finalised and confirmed...

February 21, 2022
News, Slider, , ,
Read more...
17Feb

Global Pension Assets Study – 2022

By Thinking Ahead Institute The Global Pension Assets Study estimates global pension fund assets across 22 major pension markets (the P22). These geographies now total a record US$56.6 trillion in pension assets and account for 76% of the GDP of these economies. The study, conducted by WTW and the Thinking Ahead Institute since the 1990s, includes an analysis of the seven largest markets (the P7): Australia, Canada, Japan, Netherlands, Switzerland, UK and US comprise 92% of total pension assets, unchanged...

February 17, 2022
Books, Investment, Pension Management, , , , ,
Read more...
17Feb

Racial Wealth Disparities: Reconsidering the Roles of Human Capital and Inheritance

By John Edward Sabelhaus, Jeffrey P. Thompson In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers typically discussed in other research or in the media, but the disparities remain substantial. The paper proceeds by...

February 17, 2022
Articles, System Sustainability, , ,
Read more...
10Feb

Kenya. Pension-backed mortgages boost to affordable housing

For more than a decade, Kenyans have had the leeway to use up to 60 percent of their accrued retirement benefits as a guarantee for mortgage loans. However, a study by the Retirement Benefits Authority (RBA) shows that less than 0.1 percent of members of retirement benefits schemes have taken advantage of the provision. In a bid to further catalyse individuals to utilise their pension savings towards homeownership, the Retirement Benefits (Mortgage Loans) - (Amendment) Regulations was enacted in 2020 allowing...

February 10, 2022
News, Slider, ,
Read more...