Tag: guaranteed income

NS&I launches new British Savings Bonds paying up to 4.6%: How good are they?

NS&I launches new British Savings Bonds paying up to 4.6%: How good are they?

National Savings and Investments (NS&I) – the Government’s savings arm – has released a flurry of British Savings Bonds for new and existing customers. But how do they stack up against the rest of the market?

New savers to NS&I can opt for a two- or five-year Growth Bond, which earns a fixed rate of interest over the set period of time, paid on each anniversary of the investment.

Alternatively, NS&I is offering a two- or five-year Income Bond, which pays out interest to a nominated bank account monthly over the set period of time.The table below details the […]

Meet the new moms using up to $700 in monthly basic income to afford childcare. It could be the answer to helping parents stay employed.

Meet the new moms using up to $700 in monthly basic income to afford childcare. It could be the answer to helping parents stay employed.

Some parents say guaranteed basic income helped them afford childcare, allowing them to secure jobs and promotions at work. Guaranteed basic income helps some parents pay for childcare and stay afloat during maternity leave.

With cash payments, parents report more job security and higher educational outcomes.

Basic income critics say the programs are too expensive and discourage participants from working. Celeste Lord-Timlin just had her first baby . Siobhan is about a month old, and it’s a victory when she naps just long enough for Lord-Timlin to rest or take a phone call. Meals or a shower sometimes have […]

AVIVA SIGNATURE GUARANTEED INCOME PLAN Named ‘Product of the Year 2024’ in Life Insurance

AVIVA SIGNATURE GUARANTEED INCOME PLAN Named ‘Product of the Year 2024’ in Life Insurance

New Delhi, 06 August 2024: Aviva Life Insurance, India’s most trusted private life insurance company is happy to announce that its Aviva Signature Guaranteed Income Plan has been awarded the prestigious “Product of the Year 2024” in the Life Insurance – Guaranteed Income Plan category. The accolade, part of the 16th edition of Product of the Year, is a testament to Aviva India’s commitment to product innovation and excellence in meeting consumer needs.

Product of the Year is the world’s leading consumer-voted award for product innovation, recognizing the best and most innovative products across various categories. Product of the Year […]

Guaranteed Income Supplement 2024: What is GIS Canada & Who is Eligible for the Support?

Guaranteed Income Supplement 2024: What is GIS Canada & Who is Eligible for the Support?

Check out the latest updates on the Guaranteed Income Supplement 2024: What is GIS Canada & Who is Eligible for the Support? It becomes a bit complex for the elderly to cover regular expenses with a low pension payment. While many Government programs provide financial assistance to pensioners, they are not completely free as they are funded through contributions and taxes. To understand how the GIS Program works, go through the post until the end.

Contents

Guaranteed Income Supplement 2024 What is GIS Canada? Guaranteed Income Supplement Overview Who is Eligible for the GIS Support? All We Know Guaranteed Income […]

Study: Guaranteed Income Makes People Poorer, Sicker, and Unemployed Longer

Study: Guaranteed Income Makes People Poorer, Sicker, and Unemployed Longer

The results of a three-year program by the National Bureau of Economic Research show that guaranteed income worsened the quality of life for recipients.

ChatGPT founder Sam Altman and the National Science Foundation helped fund “the largest unconditional cash transfer program evaluated by a randomized controlled trial (RCT) in the U.S. to date in terms of the amount disbursed.”

A test group of 1,000 people received an extra $1,000 monthly, while a control group of 2,000 participants received an extra $50 monthly.The study spanned rural, suburban, and urban locations in ten counties in north central Texas, including Dallas, and nine […]

Study Finds Universal Basic Income May Have Negative Net Impact on American Families

Study Finds Universal Basic Income May Have Negative Net Impact on American Families

economy / Work hours and income declined, despite receiving an extra $12,000/yr in subsidies

A team of researchers recently completed a comprehensive study on the effects of universal basic income (UBI) on American families, concluding that guaranteed income programs may have a negative net impact.

The study was conducted by researchers from the University of Toronto, the University of California, Berkeley, the University of Michigan, the University of Illinois, and OpenResearch Lab. They aimed to assess whether direct cash transfers could effectively alleviate poverty and provide beneficiaries with greater flexibility in purchasing necessities. Additionally, the team sought to determine […]

Guaranteed income boosts retiree confidence

Guaranteed income boosts retiree confidence

Research has revealed superannuants with guaranteed income products report higher financial security, better mental health and increased confidence in retirement. The latest research into retirement outcomes has indicated Australians investing in annuities or guaranteed income products enter their post-work years with greater financial security and improved mental health compared to those who do not use these investment vehicles.

The study, conducted by Macquarie University’s School of Psychological Sciences and supported by Challenger, gathered responses from nearly 1000 of the investment manager’s clients over the age of 60.

It found 72 per cent of respondents receiving a guaranteed retirement income felt confident […]

Guaranteed Basic Income Expands in 2024: States Offering Stimulus Payments This July.

Guaranteed Basic Income Expands in 2024: States Offering Stimulus Payments This July.

Guaranteed Basic Income (GBI) is becoming an important tool in the fight against poverty in the United States. This approach offers monthly payments to low-income individuals to provide financial stability and help cover daily expenses. In recent years, various cities and states have introduced their own GBI programs. Here’s an overview of the programs currently running across the country. What is Guaranteed Basic Income?

Guaranteed Basic Income (GBI) involves providing regular, unconditional payments to people in need. These payments, typically ranging from $100 to $1,000 per month, aim to ensure that low-income individuals have a reliable source of income. […]

Study shows benefits of guaranteed retirement income to wellbeing

Study shows benefits of guaranteed retirement income to wellbeing

Figures of old man and woman on top of coins A new collaborative study between Challenger Limited and Macquarie University’s School of Psychological Sciences have found clear links between guaranteed retirement income and improved financial security, mental health and wellbeing.

The study of around 1,000 Challenger customers aged over 60 was also compared to Challenger’s first Retirement Happiness Index that was released in April this year, which found Challenger customers with guaranteed income or annuities exceeded Australians over 60 on every metric, including financial security (72 per cent versus 56 per cent), mental health (85 per cent versus 78 […]

Pacific Life and Franklin Templeton Partner on Guaranteed Income

Pacific Life and Franklin Templeton Partner on Guaranteed Income

Image Credit: © Nataliia Mysik | Dreamstime.com Pacific Life and Franklin Templeton announced a strategic agreement to expand access on guaranteed lifetime income streams as an employee benefit.

The two firms will bring together Pacific Life’s Income Horizon and Franklin Templeton’s Goals Optimization Engine (GOE) to form a personalized income approach structured within collective investment trusts (CITs) to ease implementation.

The lifetime income framework will allow defined contribution (DC) plan participants to seamlessly convert a portion of their accumulated retirement savings into a guaranteed income stream for life inside of their existing plan, Pacific Life explained in a release . The […]