March 2024
01Mar

Lessons from the Pan-European Personal Pension product (PEPP)

By Hans van Meerten Europe has come up with legislation for a new individual pension product: the PEPP. This introduces an individual retirement account that can be rolled out in the entire European Union (EU). And can be offered to citizens worldwide. Europe – like most continents - is ageing at a rapid pace. In 2060, there will be two people at a working age for every pensioner, in comparison with four people at a working age at the present time....

March 1, 2024
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December 2023
21Dec

The best and worst countries for pensions and retirement in Europe

Moving to another country to eventually retire requires a lot of careful research and planning, taking into account social security, health care, and finances. U.S. consultancy Mercer issues a closely-watched annual report that analyzes 47 different retirement income systems around the world — with European nations often coming out on top. In fact, three countries have dominated the Mercer CFA Institute’s global index since 2021. Namely, Iceland (a 84.6 average), the Netherlands (a 84.4 average) and Denmark (a 81.8 average) have...

December 21, 2023
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October 2023
30Oct

Huge ethnicity pension gap revealed in UK figures

A UK individual from a minority ethnic background typically has a pension pot less than half the size of that belonging to the average white British saver, data reveal. The research from Legal & General’s investment arm claimed there was a sizeable “ethnicity pensions gap” in the UK that was being fuelled by “misconceptions” around pensions and a “significant distrust of employers”, as well as a lack of spare income. The average saver from a minority ethnic background has a pension pot of...

October 30, 2023
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September 2023
21Sep

The Future of Retirement: Predictions and Trends

Traditionally, retirement has been viewed as a time for relaxing, enjoying the fruits of your labor, and taking a break from work. It is likely, however, that retirement will look very different in the future. Here, we will analyze some of the trends shaping retirement’s future. In addition, we will offer some predictions about the future of retirement. 1. The retirement savings gap is widening. Future retirees face a growing retirement savings gap as one of their biggest challenges. Based on Census...

September 21, 2023
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15Sep

U.S. falls to 20th in Natixis retirement security index; Norway retains top spot

The U.S. now ranks 20th globally for retirement security, according to Natixis Investment Managers' 2023 Global Retirement index, dropping two spots from last year, due to such factors as high inflation, steep public debt and a sharp decline in U.S. health scores. These factors offset improvements in employment and income inequality, lowering the U.S. on a relative basis in the 44-country index, said a Sept. 13 news release. Natixis IM created the index in collaboration with Core Data Research and focuses...

September 15, 2023
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13Sep

Health, Pensions, and Electricity Sectors Are Key to Fiscal Consolidation in Guinea-Bissau

Strengthening the pension system, improving health sector outcomes, and enhancing the performance of the electricity sector are key to consolidating fiscal space in Guinea-Bissau and accelerating development. These are some of highlights of the Public Expenditure Review (PER), a new report launched by the World Bank. With a small population of around 2 million and economic activity centered on the production and sale of unprocessed cashew nuts, Guinea-Bissau is beset by political instability and high rates of extreme poverty and vulnerability....

September 13, 2023
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July 2023
07Jul

The 2021 Ageing Report: Underlying Assumptions and Projection Methodologies

By Directorate-General for Economic and Financial Affairs & Economic Policy Committee With a view to ensuring the sustainability of public finances in the EU, the ECOFIN Council charged the Economic Policy Committee (EPC) with producing a new set of long-term budgetary projections by 2021, on the basis of new population projections to be provided by Eurostat. Safeguarding the sustainability of public finances requires that the analysis is based on reliable, comparable information on possible challenges to fiscal sustainability, including strains...

July 7, 2023
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January 2023
27Jan

Pensions Benefit More than Retirees, Says Report

Pensions obviously benefit retirees, their dependents and their beneficiaries. But while it may be less obvious, pensions also benefit society writ large — to the tune of trillions, with a T. The National Institute on Retirement Security (NIRS) every two years updates its Pensionomics analysis that measures the economic “ripple effect” of payments from defined benefit plans. In “Pensionomics 2023: Measuring the Economic Impact of DB Pension Expenditures,” the NIRS quantifies the broader benefits of DB plans; namely, the economic...

January 27, 2023
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11Jan

Fintech Robos organises OECD pension event for MENA región

The experience and learning curve of Western and developed markets with defined contribution (DC) pension systems will be showcased one more time to the Arab world through another pension event organised by Fintech Robos, Bahrain-based savings & pensions technology provider. Fintech Robos and the OECD are partnering once again to launch “Pension Outlook 2022” Report in the MENA region. “Pensions Outlook” is one of two flagship bi-annual international pension reports and indexes produced by the Organisation of Economic Cooperation &...

January 11, 2023
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December 2022
27Dec

UAE’s Pension Authority raises awareness on incorrect contribution practices

Private sector entities that do not pay monthly contributions or provide incorrect data for their Emirati employees risk incurring additional penalties and, under certain conditions, imprisonment,' as per the federal pension and social security law. At the end of its campaign to educate insured Emiratis and the entities in which they are employed about an insured’s rights and duties in accordance to the NAFIS programme, the General Pension and Social Security Authority (GPSSA) stated that charging an insured person with...

December 27, 2022
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