Here is a brief sample of some of the stories on retirement that I have been reading and following, for your Saturday reading.
Traverse City Business News
Americans are not saving enough for retirement. Behavioral finance attempts to answer why there is a lack of retirement savings and, more importantly, makes recommendations as to how to fix the deficit. Saving is not easy. There are competing demands in raising children and purchasing a home...
Planadviser.com
Folio Institutional plans more podcasts on topics ranging from “NextGen” advisers, big data, behavioral finance and tax optimization. ... In a policy paper, Morningstar says state-run plans and multiple employer plans in their current form would create a more fragmented U.S. retirement system...
www.professionalpensions.com
Many in the sector are concerned regulatory, commercial and behavioural dynamics will combine into a "perfect storm", resulting in a crisis in provision and consumer protection in the retirement income market. The report also points out that the UK's= retirement policy is diverging from many other OECD...
MilTech
It dates back to the Pension Protection Act and the rise of behavioral finance. The changes that we have made, the nudges or the automation, those changes have increased participation rates, increased savings rates, improved diversification. That's really only 10 or 12 years old. …
The Globe and Mail
"On the plus side, managing your own pension lets you manage that money for your own time horizon, not collectively for the income needs of current retirees." The growth of do-it-yourself retirement planning and management is also leading to more choices in where people can go for advice...
Pensions Expert
As more people reach retirement age and live longer, an inadequate state pension, coupled with limited retirement savings, highlight an escalating social crisis. The typical model found across the globe for retirement income involves three sources: a basic state pension; supplemental retirement savings...
The Punch
The National Pension Commission has set out modalities for the administration of retirement benefits of professors and public office holders to earn their last salaries as pension under the Contributory Pension Scheme. ...
swissinfo.ch
But in some parts of the world, the reality is less than rosy. In New Zealand, for example, foreign retirement income is deducted from the local pension that a retiree receives. “If you've lived here [in New Zealand] for at least ten years, you automatically have the right to receive a federal pension,” explains...
IPE.com
Rises in Italy's retirement age were established by the so-called 'Fornero' law in 2011, named after the then-labor and welfare minister Elsa Fornero. The law dramatically changed state pension provision and limited pension expenditure, but has been heavily criticized since. ...
Telegraph.co.uk
Soaring life expectancy is forcing all of us to view retirement differently. Squeezed savings rates have diminished pension returns, putting additional pressures on our years in work, and highlighting the importance of changing careers and retraining.
The Times
Auto-enrolment is the system under which moderate and low earners are now automatically placed in pension schemes by their employers. They can then opt out, but nine out of ten have chosen to remain in. More than eight million people have been encouraged to save for their retirement in this way...
Pensions Expert
Editorial: Collective defined contribution is getting another close look. And it probably will do until pure DC can prove it allows people to have a decent retirement. The Work and Pensions Committee has launched an inquiry into CDC, which has taken many by surprise...
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