October 2020

29Oct

UK. Pensions Dashboards delayed until 2023

The long-awaited roll-out of Pensions Dashboards has been pushed back to 2023 – four years after the initial deadline for the scheme. Pensions Dashboards will allow savers to view all their various pension pots in one place – including the government pension, workplace pensions and any private pensions. Read also UK pension funds to boost renewables, survey finds Currently savers have to look at these pots separately, which can make it difficult to keep track. Read also UK. DWP launches ‘Stronger Nudge’ plans...

October 29, 2020
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20Oct

Govt seeks to overturn Pension Schemes Bill amendment defeats

The government is seeking to overturn the four Pension Schemes Bill amendment votes it lost in the House of Lords in the summer by removing them from the bill. In a House of Commons Notices of Amendments publication, Pensions Minster, Guy Opperman, outlined the removal of the House of Lords’ amendments. The amendments relate to commercial pensions dashboards, transaction facilities on dashboards, reporting on fairness to members of collective defined contribution (CDC) schemes, and open defined benefit (DB) schemes...

October 20, 2020
News, Regulation, System Sustainability, , , , ,
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07Oct

UK. New pensions dashboards will save British workers billions

Today in Britain, we know that our population over the age of 65 is growing. By 2024, 24 per cent will be over 65. In my own constituency of Grantham and Stamford, 30 per cent of the population today is over the age of 65. Britain may be getting older, but our pensions system needs to be modernised. The government’s Pension Scheme Bill aims to do exactly that. The bill does three things. Firstly it gives The Pensions Regulator...

October 7, 2020
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02Oct

Fintech and Financial Literacy in the Lao PDR

By Peter Morgan, Long Q. Trinh A growing literature has examined the role of financial literacy in an individual’s income, saving behavior and the use of various financial products. However, so far, no one has examined the relationship between financial literacy and the awareness and adoption of financial technology (fintech) products, i.e., financial products provided via internet-based and mobile-based platforms. This paper examines this relationship in a developing country, the Lao People’s Democratic Republic (PDR). We use information collected...

October 2, 2020
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September 2020

15Sep

Digital financial services

By World Bank Access to affordable financial services is critical for poverty reduction and economic growth. Countries with deeper, more developed financial systems enjoy higher economic growth and larger reductions in poverty and income inequality. Access to financial services also increases opportunities and resilience for the poor, particularly women. Despite this, 65 percent of adults in the world’s poorest economies lack access to even the most basic transaction account that would allow them to send and receive...

September 15, 2020
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11Sep

The use of technology and innovative approaches in disaster and risk management: a characterization of Caribbean countries’ experiences

The application of technologies, research, development, promotion of innovative approaches and local knowledge to confront complex issues posed by hazards are important components of managing disaster risks and guiding informed decision-making. Hence commitments to support and enhance access to technologies and to foster innovative approaches to risk reduction, preparedness and resilient recovery are essential requirements for the management of current and future disasters in the Caribbean subregion. Considering the importance of Disaster and Risk Management (DRM), the aim...

September 11, 2020
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04Sep

How to Improve Mobile Money Service Usage and Adoption by Nigerians in the Era of COVID-19

By Joseph E Tonuchi The paper aims to investigate how to improve mobile money service adoption and usage by Nigerians during the era of COVID-19 by examining the challenges faced by mobile money users in Nigeria. The study used a mixed method to sample 300 targeted informal sector operators offline using questionnaires and 200 respondents online (ardent digital products users) using Google form. In reaching the targeted online sample, the study distributed the google form through social media while...

September 4, 2020
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August 2020

29Aug

Financial services technology 2020 and beyond: Embracing disruption

By Julien Courbe, John Garvey, Marcus Von Engel, John Lyons Our global report Financial services technology 2020 and beyond: Embracing disruption examines the forces that are disrupting the role, structure, and competitive environment for financial institutions and the markets and societies in which they operate. The post-crisis regulatory frameworks have been gradually settling into place, and financial institutions have been adjusting their business models accordingly. It is now becoming obvious that the accelerating pace of technological change is the...

August 29, 2020
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21Aug

Digital Finance New Times, New Challenges, New Opportunities

By Juan Antonio Ketterer Since the end of the great crisis of 2007 – 10 , the financial services industry began a process of accelerating change. New business models based on convergent technological developments are challenging the status quo of a long - established a nd traditional industry. The purpose of this document is to consider the...

August 21, 2020
Books, Pension design, ,
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14Aug

Insights on Financial Services Regulation

By John A Consiglio The debates around financial services regulation are fierce and unending, and with every new development or law, rigid positions seem to grow. In this insightful new book, expert author John A. Consiglio discusses developments in this vital part of the wide world of finance. Including discussions on the public interest elements of regulation, on informational asymmetry, and on the economist/regulator duopoly, Consiglio analyses various key contentious element of regulatory practices from both the regulators' and...

August 14, 2020
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