November 2020

Five reasons to invest in pensions technology

The world has changed exponentially in 2020, leading many multinationals to ask valid questions about how they can enhance their global operations. As a significant expense for any business, pensions and benefits have come into the spotlight. Read also With more childcare and domestic work, the pandemic poses a ‘real danger’ to women’s progress, UN finds More than ever, the pressure is on for benefits teams to demonstrate that they are taking steps to minimise spend and avoid curbing...

Ageing and Digital Technology: Designing and Evaluating Emerging Technologies for Older Adults

By Barbara Barbosa Neves, Frank Vetere This book brings together Sociologists, Computer Scientists, Applied Scientists and Engineers to explore the design, implementation and evaluation of emerging technologies for older people. It offers an innovative and comprehensive overview, not only of the rapidly developing suite of current digital technologies and platforms, but also of perennial theoretical, methodological and ethical issues. As such, it offers support for researchers and professionals who are seeking to understand and/or promote technology use among...

The technologies that could transform ageing

At the start of the summer, Paula Tinkler was ready to take her career in a new direction. This may not be unusual – but the speed with which she was able to make the transition was. Within a week, she was shadowing a carer in Workington, England. Within a month, she was working as a carer herself. Not only was her training rapid – it also took place completely in her own home. “I began the recruitment process...

Switzerland: The road to digital pensions

Martin Eling, director of the Institute of Insurance Economics and professor in insurance management at the University of St Gallen, receives a letter from his pension fund every year. The document describes his situation at retirement age. “The fact that I receive a letter by regular mail once a year is not what I expect in terms of digitisation in 2020,” he says. “There is still little digitisation in the Swiss pension fund sector compared to other sectors”....

October 2020

COVID-19 and the Future of Aging: A Public Health Forecast

Milken Institute Center for the Future of Aging: What has the COVID-19 pandemic shown us about the importance of investment in public health — are there opportunities for improvement that can be made in time to help? Dr. Linda Fried: COVID-19 has unmasked so many areas where the United States has not invested adequately to protect its people. A key example is our public health system. It should be responsible for creating seventy percent of the health of our...

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...

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...

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...

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...

September 2020

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...