As a long-time pension fund board member representing trade unions and pensioners, I have been active in the field of responsible investment by pension funds since the nineties. I firmly believe that PRI has played and must play an important role in mainstreaming responsible investing for institutional investors. This is especially the case for pension funds, as they play such an important role in generating benefits for an aging population. As responsible investment continues to move towards mainstream acceptance, [...]

You have probably heard it yourself: the impression that millennials are financial freewheelers. The theory goes that today’s 20- or 30-somethings spend with little regard for savings and even less regard for retiring. Retirement planning experts say that this assumption isn’t entirely accurate — though it is perennially true that most young adults don’t make retirement savings a financial priority. But, as the experts point out, millennials are in an ideal position to get started, because whatever they set [...]

Click here to view an interactive map of funding ratios for each state.

The Baby Boomers get a lot of attention in the financial planning industry when it comes to retirement-readiness, but let’s not forget about two other important generations: Gen X and Millennials. Gen X, or the "sandwich generation" (between aging parents and growing children), is most at risk financially, according to Northwestern Mutual's Planning and Progress Study 2015. Gen X has more spenders than savers compared to other generations and is the least likely to have more savings than debt. [...]

Companies found to have breached data protection laws by selling people’s pension pot details face fines of up to £500,000, the information commissioner has warned. Christopher Graham said claims that millions of individuals’ data is being sold and ending up in the hands of criminals were “very serious”. An investigation has been launched by the privacy watchdog into the allegations published by the Daily Mail. The newspaper reports that pensioners’ salaries, the value of their investments and the size of [...]

Click to read the PDF from IFEBP Benefits Magazine