Tag: guaranteed income

Workers Want Guaranteed Income From Their Employer’s Retirement Plan – InsuranceNewsNet

MINNEAPOLIS – Oct. 13, 2020 – Americаns with employer-sponsored retirement plаns continue to express high levels of interest in guаrаnteed lifetime income options аccording to а recent study* from Alliаnz Life Insurаnce Compаny of North Americа (Alliаnz Life). The findings indicаte thаt 71% of pаrticipаnts in аn employer-sponsored plаn would like аn option thаt offers guаrаnteed income for life in their plаn, while 58% sаid they would like аn аnnuity аs pаrt of their plаn. Additionаlly, 68% wish there were options in their plаn to protect it from mаrket downturns. From а generаtionаl stаndpoint, protection is top of mind […]

Employer-Sponsored Plan Participant Interest in Guaranteed Retirement Income Options Remains High

Employer-Sponsored Plan Participant Interest in Guaranteed Retirement Income Options Remains High

New study findings from Allianz Life indicate SECURE Act driving strong interest in lifetime income options in retirement, particularly among nervous Gen Xers

Key findings snapshot: 71% of employer-sponsored participants would like an option that offers guaranteed income for life in their plan

75% of Gen Xers expressed interest in protection options as part of their employer-sponsored plan 55% of participants are worried that money in their employer-sponsored plan will run out during retirement, with 69% of Gen Xers expressing the same concern Americans with employer-sponsored retirement plans continue to express high levels of interest in guaranteed lifetime […]

Justin Corliss: Making the case for partial DB transfers

Justin Corliss: Making the case for partial DB transfers

Justin Corliss A DB transfer is often an ‘all or nothing’ decision for clients, however, partial transfers could be a half-way house alternative. Justin Corliss explains the process

The regulator’s policy statement PS20/6 introduced a number of changes to the provision of defined benefit (DB) pension transfer advice, the vast majority of which came into force on 1 October 2020.

These changes, along with escalating difficulty in securing professional indemnity (PI) cover for this type of business, could see advisers exit this market resulting in the supply of advice being unable to meet the level of demand. Perhaps an increase in […]

As income inequality grows, money buys more happiness

As income inequality grows, money buys more happiness

Money buys more happiness than it used to. Many factors determine happiness, but one has stirred considerable controversy over the years: money.

While the adage says that money can’t buy happiness, several studies have determined that the more your income increases, the happier you are, up until $75,000 a year. After hitting that threshold, more income doesn’t make a difference.

But in a new analysis of more than 40,000 United States adults aged 30 and over, my colleague and I found an even deeper relationship between money and happiness.Because the survey data spanned five decades, from 1972 to 2016, we were […]

Opinion: With Universal Basic Income, a ‘brighter Baton Rouge’

Opinion: With Universal Basic Income, a 'brighter Baton Rouge'

Riverfront Plaza Fountain streams downward on Tuesday, Sept. 29, 2020 inn Downtown Baton Rouge. Over one-quarter of Baton Rouge citizens live in poverty — 14.7% more than the national average .

As the Rev. Dr. Martin Luther King, Jr said, “the solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income.”

This guaranteed income — or Universal Basic Income (UBI), as it’s widely referred to today — would be a direct, unconditional and regular cash payment issued to all members of a constituency by their government. 728×90 image ad This notion has recently […]

15 Things Universal Basic Income Won’t Solve

15 Things Universal Basic Income Won’t Solve

Great, You Have Your UBI Settled So Your Future’s Secure. Uhn-Uhn… Find Out Why It’s Not That Simple.

The idea of a Universal Basic Income or UBI has been a hot topic in recent years as former US Democratic presidential hopeful, Andrew Yang, placed at the forefront of his campaign. This ignited discussion around what a Universal Basic Income really means for a superpower country like the USA.

The concept isn’t new. Martin Luther King Jr. argued in 1967 that a guaranteed income would abolish poverty. Before him in the 16 th century – More, in the 18 th century […]

What is basic income and what are the arguments for and against it in Canada?

What is basic income and what are the arguments for and against it in Canada?

Is it time for an updated look at what Universal Basic Income is and how it impacts society across the economic spectrum

With the Canada Emergency Response Benefit (CERB) having ended on October 3, some are calling on the Canadian government to transition the temporary pandemic income support into a permanent basic income program, or guaranteed regular income, for everyone. (Applications for CERB’s replacement, the Canada Recovery Benefit, open October 12. ) The emergency benefit—which gave $2,000 every four weeks to Canadians who don’t qualify for EI and saw their incomes drop under $1,000 a month due to the […]

Mayor Bottoms Signs Atlanta Up for Basic Income Pilot Program

(APN) ATLANTA — In June 2020, City of Atlanta Mayor Keisha Lance Bottoms joined the Mayors for a Guaranteed Income (MGI), committing to participate in a pilot program to provide a basic income to a small number of Atlanta residents.

“I am honored to join this powerful coalition of mayors as a founding member in this privately funded pilot program,” Mayor Bottoms said in a press release.

“We know that economic security is a right and a necessity for all to thrive in this country. I look forward to the meaningful work we will do to continue to push our communities […]

Universal basic income in the United Kingdom

Universal basic income in the United Kingdom

Universal basic income is a subject of much interest in the United Kingdom . There is a long history of discussion yet it has not been implemented to date. Interest in and support for universal basic income has increased substantially amongst the public and politicians in recent years. [1]

Political parties that include universal basic income on their agenda include: the Green Party of England and Wales , the Scottish National Party , and the Scottish Green Party . Support for universal basic income is widespread amongst Labour , Conservative and Liberal Democrat politicians, [2] many of whom were […]

Youngest mayor’s universal basic income experiment is inspiring more cities to try it

Youngest mayor’s universal basic income experiment is inspiring more cities to try it

Michael Tubbs, Mayor of Stockton, is seen at his office in Stockton, California on February 7, 2020. – Mayor Tubbs with the help of the Stockton Economic Empowerment Demonstration implemented an18 month trial of Universal Basic Income for 125 residents of his city. The scoffed-at idea of paying everyone a basic income as machines take people’s jobs is getting a fresh look as a possible remedy for economies cratered by the coronavirus pandemic. (Photo by Nick Otto / AFP) (Photo by NICK OTTO/AFP via Getty Images) In January of 2017, Michael Tubbs of Stockton, California, became the city’s first […]