Retirement stories in the news from around the world

Behavioral Finance Explains Why You Aren't Saving

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...

Folio Institutional Launches Expert Interview Series

Planadviser.com

Folio Institutional plans more podcasts on topics ranging from “NextGen” advisers, big data, behavioural 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...

Fragmented policy undermines spirit of pension saving

www.professionalpensions.com

Many in the sector are concerned regulatory, commercial and

behavioural

Tax Reform And The Possible Impact On Retirement

MilTech

It dates back to the Pension Protection Act and the rise of behavioural 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. …

Retirement is becoming a self-serve item, too

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...

Lessons from abroad for averting a pensions crisis

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...

CPS: Professors, political appointees to earn full salaries as pension

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. ...

'New Zealand is robbing us of our Swiss pensions'

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...

Italy considers unwinding 'Fornero' law's state pension age rise

IPE.com

Rises in Italy's retirement age were established by the so-called 'Fornero' law in 2011, named after the then-labour and welfare minister Elsa Fornero. The law dramatically changed state pension provision and limited pension expenditure, but has been heavily criticized since. ...

Retirement in the modern age: 'Why am I still working at 70?'

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.

Teenage workers may be forced into pension plans

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...

Club together?

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...