Saturday, July 12, 2014

Retirement News from around the world on a hot summers day

As we are in the depths of the summer heat here on the West Coast, it is easy to forget that retirement is an issue around the world. Here is a collection of stories I came across the other day as I was trying to get relief from the heat of the day. Enjoy
1 in 10 people never want to retire
Actuarial Post from the UK
Andrew Tully, Pensions Technical Director, MGM Advantage said: 'Our research shows that we should perhaps look to retire the word 'retirement'.

Pluses, minuses of retirement policies around globe analyzed
Pensions & Investments from the US
Retirement policy was the topic of conversation for the closing round table of Pensions & I
Three panelists at the conference, held June 22-24 in New York, presented the challenges facing retirement executives in Australia, the U.K., Germany and the U.S.

Retirement Strategy:Question time in the pensions world
Money Marketing from the UK
Who controls pre- and at-retirement guidance...

The Economist from the UK
Many retired people don't have proper pensions any more. ..
                     from Africa
Retirement reforms proposed by government are aimed at ensuring that pension fund members are better protected and can retire comfortably, ...

Money Marketing from the UK
How to deliver the 'guidance guarantee' to pension investors as they approachretirement is a burning issue. Most of the debate seems to focus on ...

Money Marketing from the UK
At this year's Money Marketing Retirement Planning Summit a range of ... debated the challenges facing advisers and the wider pensions industry.
THISDAY Live from Nigeria
The Managing Director, UBA Pensions Custodian, Mr. Bayo Yusuf has disclosed that the company pays about N3.5 billion monthly as retirement ...
Money Marketing
In DWP legislation, the term DC now signifies a pension with no promisedretirement benefit. This makes it different from defined benefits, where there ...

Korea Times from Korea
A growing number of public school teachers are choosing to retire early amid rampant rumors that the government will soon reform the pension system ...
Actuarial Post from the UK
... the service as many times as they want as they move through retirement. Only 6% felt it wasn't important. Andrew Tully, Pensions Technical Director, ...
Workplace Savings & Benefits from the US
It is people who are already saving a little for retirement, maybe outside pensions, and this has been enough to push them up to a reasonable level.”.
Beckley Register-Herald from the US
The pension fund has recovered, for the most part, from the recent ... Harry Mandel, an actuary at the state retirement agency, said state pension plans ...
Insurance News Net from the US
In a release, the companies said the research report, "Managing Financial Risk in Retirement and Benefits Programs," found financial executives ...
Helsinki Times
Helsinki Times from Finland
Vanhanen, who is known for his advocacy of raising the retirement age, ... At present, Finns become eligible for old-age pension at the age of 63.
Asahi Shimbun from Korea
The new “retirement at 60 years old system,” due to begin in 2016, could ... Senior citizens also depend onretirement pensions, state pensions and ...
Chattanooga Times Free Press
Chattanooga Times Free Press  from the US
Retired and active Memphis firefighters, off-duty police officers and their families gather in the Hall of Mayors, where Mayor A.C. Wharton was ...
This is Money from the UK
'However, if they are totally or heavily reliant on the state pension for their retirement income it is important not to fall into the trap of overestimating its ...

Money Marketing
Money Marketing  from the US
“I don't think lending into retirement is a singular case in that regard. ... might then look at exactly how retirees plan to use their pensions more closely.
ITV News from the  UK
Firefighters from across our region will be striking as part of the disagreement overpensions and pay. The firefighters will strike for eight consecutive ...
FT Adviser
In a 68-page report, Improving Consumer Confidence in Saving for Retirement, Nest looked at what lies behind consumers' attitudes to pensions, their ...
Daily Times Nigeria
Daily Times Nigeria
The Association of Retired Heads of Services and Permanent Secretaries in Oyo and Osun states has cried out over what it described as total neglect ...
Daily Pilot
Civilian police employees will also receive the raises, but they will contribute an extra 4.35% to 6.25% by 2017, depending on which retirement plan ...
Mondaq News Alerts (registration)
The Bill introduces a new category of "shared risk scheme" into pensions ... A pensions promise
Workplace Savings & Benefits
Corporate ISAs are often seen as a poor savings relation to pensions. ... Lost among the vast reforms ofpension and at-retirement options also ...
ETF Trends
Pensions & Investments
Workers within 10 years of retiring are improving their efforts to reach an 80% income replacement goal at retirement, but there's still a gap between ...
FT Adviser
FT Adviser
However, Adrian Walker, retirement planning manager at Skandia, said ... world ofpensions flexibility would be limited by these block transfer rules.
Professional Pensions
There are strong signs defined contribution (DC) schemes will begin outsourcing services for the post-retirement phase. Association of Member ...
Huffington Post
Retirement planners used to talk about the "three-legged stool of retirementincome -- Social Security, traditional company pensions, and personal ...
San Jose Mercury News
San Jose voters may be asked to decide in November whether pension reforms ... 1, 2017, with the same retirement benefits they had before leaving.
Daily Sun
Pension fund assets have also experienced a steady growth under her ... Over 98,000 workers haveretired so far and are receiving their retirement ...
Top Channel
The Council of Ministers has increased the retirement pensions of 606 citizens with 2%, while the inflation is calculated at about 1.6%.
The next federal government will commit to a reform (or rather a counter-reform) in our system ofretirement pensions. The commission of...
Pension advances are high-interest loans that can destroy retirement security and leave a borrower in much worse shape than before.
The reader mentions that “we're in our late 50s” and the topic of retirement is a frequent one with friends. Neither has a company pension and realize ...
This upward review of rate of pension contribution is aimed at providing additional benefits to workers' Retirement Savings Accounts (RSAs) and ...
Pensions & Investments

Industry leaders from around the globe discuss options governments and companies are considering to reduce the cost of retirement to them.

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