May 2020
12May

DB Funded Status Estimates Are Mixed in April

Firms that track defined benefit (DB) plan funded status reported a range of estimates for April—from a decrease of 0.1% to an increase of 4%, depending on the group of plans being tracked. The highest increase reported was 4% (to an 80% aggregate funding level), estimated by Mercer for pension plans sponsored by S&P 1500 companies. The firm says this was the result of an increase in equity markets, which offset a decrease in discount rates. As of April...

May 12, 2020
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12May

US. How COVID-19 Has Changed Retirement Planning

The global COVID-19 pandemic has touched virtually every aspect of our lives, not least of which is how we save for retirement. Forbes Advisor commissioned a YouGov survey of 9,675 U.S. adults to get a deeper read on how coronavirus has impacted retirement planning. The answers were surprising. With a near total lockdown on business activity in the U.S., we wanted to understand how people have begun to reorient their financial priorities. As Warren Buffett explained in the Berkshire...

May 12, 2020
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06May

What are the implications for pension funds coming out of coronavirus crisis?

By Janet Rabovsky Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation. In January 2020, I wrote about the end of the economic cycle, the potential for a recession and what that might mean for positioning an investment portfolio. Little did I know, when I wrote these articles, that we would be experiencing further central bank action as a result of COVID-19,...

May 6, 2020
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06May

What are the implications for pension funds coming out of coronavirus crisis?

By Janet Rabovsky Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation. In January 2020, I wrote about the end of the economic cycle, the potential for a recession and what that might mean for positioning an investment portfolio. Little did I know, when I wrote these articles, that we would be experiencing further central bank action as a result of COVID-19,...

May 6, 2020
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05May

Should UK millennials be worried about their retirement savings over the coronavirus crisis?

Experts weigh up whether job losses and stock market volatility from the coronavirus crisis has caused lasting damage to the retirement savings of British millennials. Research has shown young workers are among the most vulnerable to job losses or a reduction in working hours as a result of the financial strain of the Covid-19 outbreak. Jamie Smith, financial advisor at advice firm Foster Denovo, highlighted that in these circumstances a person is less likely to continue to save...

May 5, 2020
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04May

Australia. How financial planning around super will likely change

Financial planning around superannuation may be forced to change as a result of the impact of COVID-19 and the efforts of superannuation funds to increase their cash holdings, according to actuarial research house, Rice Warner. It said superannuation funds are likely to keep high levels of cash well into the future for fear of a repeat of the Government’s COVID-19 hardship early release regime. In an analysis of the impact of COVID-19 on superannuation funds, Rice Warner has pointed...

May 4, 2020
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04May

Australia. How financial planning around super will likely change

Financial planning around superannuation may be forced to change as a result of the impact of COVID-19 and the efforts of superannuation funds to increase their cash holdings, according to actuarial research house, Rice Warner. It said superannuation funds are likely to keep high levels of cash well into the future for fear of a repeat of the Government’s COVID-19 hardship early release regime. In an analysis of the impact of COVID-19 on superannuation funds, Rice Warner has pointed to the...

May 4, 2020
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April 2020
24Apr

Does Retirement Affect Voluntary Work Provision? Evidence from England, Ireland and the U.S

By Peter Eibich, Angelo Lorenti, Irene Mosca Voluntary work is an important contribution for many non-profit organizations, such as charities, political and religious organizations. Older individuals make up a sizable share of the volunteer workforce, and volunteering is often regarded as an example of "active ageing". In this study, we examine whether retirement has a causal effect on the frequency of voluntary work provision in three English-speaking countries - England, Ireland and the U.S. We draw on data from...

April 24, 2020
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20Apr

US. We Need a New Social Contract for the Coronavirus

Our collective behavior will be the primary determinant of whether we can keep this virus in check. A team of infectious disease epidemiologists has calculated that we must reduce our social contacts by 65 percent from what they were before the virus started spreading. Everyone wants to get the country back to work, school, and together again as soon as possible. On Friday, the Trump administration announced it wants to do that in phases and allow each governor...

April 20, 2020
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20Apr

5 benefits this Singaporean system has over other pension systems

If you’ve wondered how CPF measures up with other countries’ pension systems. The CPF, or Central Provident Fund, is a social security scheme funded by contributions from both employers and employees. Read also India. No deduction in pension amid COVID-19 outbreak: Union Government It helps Singaporeans set aside savings for retirement, as well as for other important things like housing and healthcare. Read also IMF warns of global social unrest amid coronavirus pandemic What sets the CPF apart from other pension systems? Here...

April 20, 2020
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