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With a rapidly aging population, Portugal faces some serious pension challenges including a Social Security system which is under pressure, and pension benefits gradually approaching levels that will require individuals to supplement Social Security with private savings. In addition, Portugal...
Persistent link: https://www.econbiz.de/10012890948
Brazilian policy makers and researchers have discussed the introduction of a complementary pension system to complement the Regime Geral de Previdência Social (RGPS), specially for those that want a retirement income above the RGPS ceiling. This article first recommends that the complementary...
Persistent link: https://www.econbiz.de/10014032220
There is a looming retirement crisis, as individuals are increasingly being asked to take responsibility for their own retirement planning and a majority of these individuals are financially unsophisticated. They cannot perform basic compounding calculations and do not understand the impact of...
Persistent link: https://www.econbiz.de/10012840238
To address the looming retirement crisis, many governments are introducing new pension programmes tied to employment for uncovered workers (NEST in the UK and Secure Choice in some US states). These attempt to improve access to pensions, and continue a trend of transferring responsibility for...
Persistent link: https://www.econbiz.de/10012959515
International investing and trade has one unintended consequence; namely, the creation of currency risk which causes the local currency value of the foreign receivables or investments to fluctuate dramatically because of pure currency movements. The academic literature on currencies has typically...
Persistent link: https://www.econbiz.de/10008642073
As with all countries around the world, the ageing of Japanese society is putting severe pressure on the public pension system. The Japanese system is complex with a basic pension for all citizens, but different forms of additional support for self employed, private sector and public sector...
Persistent link: https://www.econbiz.de/10008642076
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There has been a lot of focus on macro decision-based attribution (DPA), both in terms of decisions (e.g., asset allocation, manager selection, manager allocation and security selection) and who makes the decisions (decision-maker attribution). However, there has been little focus on the rules...
Persistent link: https://www.econbiz.de/10014103181
Investment staff at asset owners spend an inordinate amount of time on a critical non-investment activity – reporting, which is a material fiduciary and governance requirement. Massive resources spent to prepare monthly/quarterly reports are costly for asset owners on a tight budget. More...
Persistent link: https://www.econbiz.de/10014109095