June 2021
08Jun

ForUsAll Debuts the ‘Alt 401(k)’ to Provide In-Plan Cryptocurrency Access

Another cryptocurrency foray into 401ks was announced today. ForUsAll, a retirement investment platform for small businesses, introduced the Alt 401(k), its turnkey retirement investment platform that allows employers to provide alternative investment options within 401k plans—what the company is calling a “first of its kind.” Read also US. Pensions Are Almost Fully Funded and Coming for Your Bonds The San Francisco-based fintech company is enabling employers to offer cryptocurrency as the plan’s first alternative investment by selecting Coinbase Institutional, a leading cryptocurrency...

June 8, 2021
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04Jun

EIOPA issues Guidelines on the supervisory reporting for the Pan-European Personal Pension Product

The European Insurance and Occupational Pensions Authority published today the Guidelines on the supervisory reporting regarding the Pan-European Personal Pension Product (PEPP) to ensure the common, uniform and consistent application of the PEPP Regulation's reporting requirements. The Guidelines complement the Delegated Regulation (EU) 2021/895 and the Delegated Regulation (EU) 2021/896 and regulate the applicable reporting deadlines for the PEPP providers to the competent authorities in line with the relevant sectoral rules in place. Furthermore, the Guidelines define the requirements of...

June 4, 2021
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May 2021
31May

China. ‘Third pillar’ of pension cover can help aging society

Two important documents－this year's Government Work Report and the 14th Five-Year Plan (2021-25) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035－put forward that the so-called third pillar of endowment insurance will develop in a well-regulated way. China entered the club of aging societies in 2000. While the total population is growing at a low speed, the elderly group has been growing at a high speed in recent years. According to the seventh national population census,...

May 31, 2021
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20May

Scaling Up Sustainable Investment through Blockchain-Based Project Bonds

By Yushi Chen, Ulrich Volz This paper explores options for mobilizing domestic savings through fintech solutions to scale up sustainable investment. Most developing and emerging economies face an urgent need to scale up sustainable finance for low-carbon and climate-resilient infrastructure investment, yet underdeveloped capital markets tend to inhibit domestic resource mobilization for infrastructure investment. At the same time, domestic savers in many developing and emerging economies face a scarcity of “safe” assets in the local currency, resulting in the exporting...

May 20, 2021
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20May

Retirement Planning Not A Priority For New Zealanders

While it’s a dream for many to be able to retire and have plenty of savings in the bank, that’s not the reality for many Kiwis. While the government does offer a pension, it’s not a lot of money, so if we want to be able to maintain the lifestyle we had while working, a large amount of savings is required. However, many Kiwis are leaving it too late to save up enough to make them comfortable in their later...

May 20, 2021
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07May

Dutch government think tank wants more flexible pensions

The Centraal Plan Bureau (CPB), a Dutch government think tank, has proposed Dutch workers save less for their pensions so they can increase their liquid financial buffers. The CPB has criticised the “lack of flexibility” of the Dutch pension system in a new policy brief. “More flexibility in the way Dutch pensions are being accumulated would be beneficial given the low levels of liquid assets of Dutch households,” the think tank said. A quarter of households with more than €100,000 in...

May 7, 2021
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06May

Time Horizon, Saving Motive and Stock Market Participation

By Yosef Bonaparte This paper shows that household’s saving motives influence key portfolio choice decision: stock market participation. We utilize a unique data set from the Survey of Consumer Finance (2019 and panel 2007-209), which report about 24 reasons for saving and group these intro 6 saving motive categories: durable, retirement, bequest, emergency, smooth and luxury. Our channel to identify how saving motives influence portfolio choice encompasses the time horizon, from the household’s view, about the planning time horizon to...

May 6, 2021
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April 2021
29Apr

Next-Generation Retirement Plans Will Deliver Customized Retirement Income Solutions

While workplace retirement savings plans have evolved significantly over the past four decades, they still fall far short on delivering retirement income, investment manager PGIM says. But PGIM says that by relying on technology, retirement plans will soon be able to not only deliver retirement income solutions—but to provide customized options. Those personalized solutions could include managed accounts, model portfolios and advice engines, Josh Cohen, PGIM head of institutional defined contribution (DC), tells PLANADVISER. Cohen says he’s optimistic that after years of...

April 29, 2021
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28Apr

US. What’s Happened to Retirement Expectations During the Pandemic?

More than a year after the start of the COVID-19 pandemic, workers are focusing on the future—including sizing up how their prospects for retirement have changed. For many, the pandemic hasn't harmed their finances and may have increased their ability to save, given fewer spending opportunities. Meanwhile, others found it necessary to withdraw funds from their retirement account so they could pay their bills. A Roller Coaster Year According to Fidelity Investments' 2021 State of Retirement Planning Study: 82 percent of workers in...

April 28, 2021
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26Apr

Multi-pillar pension systems can help EU address the ageing of European societies

Multi-pillar pension systems can help EU address the ageing of European societies Insurance Europe has today published its response to a consultation conducted by the European Commission on its green paper on ageing. Insurance Europe's contribution focuses specifically on the questions pertaining to pensions and long-term care, given the extensive expertise that insurers have in these areas. On pensions, the industry welcomes the Commission's efforts to boost adequacy in retirement income across Europe, as demographic changes are increasingly putting statutory pension...

April 26, 2021
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