Tag: guaranteed income

Today’s edition of Pensions News ( PN ) opens with a question; do you, the reader, play or have you played the lottery or something similar?

Not very long ago, a debate took place in PN’s household. The debate related to a lottery in which the main prize was either £1m in cash or an annual income of some £46,000 (net) paid for the remainder of one’s life. PN was asked (by his wife and daughters) which prize he would opt for if he won this particular prize. After stating that he was not likely to win either has he […]

Full Post at www.lexology.com

By Emma Ann Hughes Maggie Craig, special adviser for the Financial Conduct Authority, has revealed exactly what the watchdog expects intermediaries to do when considering a pension transfer.

Speaking the day after the FCA revealed in more than half of the defined benefit pension (DB) transfers the regulator looked at where the recommendation was to move the retirement pot was unsuitable or unclear , Ms Craig said some transfers advice has simply not been appropriate and that needs to change.

In a keynote speech at FTAdviser’s Unpackaging Pensions event, Ms Craig said generic advice in relation to pension transfers was simply […]

Full Post at www.ftadviser.com

The FINANCIAL — From driverless cars to a workplace staffed by robots, automation has the potential to reshape many facets of American life. A Pew Research Center survey conducted in May examines Americans’ attitudes about four emerging automation technologies: workplace automation, driverless cars, robot caregivers, and computer algorithms that evaluate and hire job applicants.

Although Americans tend to have a positive view of technology overall, this survey finds that the continuing march of new technologies is causing them concern. Here are six key findings from the report:

1. The public generally expresses more worry than enthusiasm about emerging automation technologies – […]

Full Post at www.finchannel.com

Edgar Brandt

Windhoek-The massive fuel storage facility in Walvis Bay, which was estimated at N$3.7 billion in 2014, is now anticipated to cost the government N$5.2 billion upon its envisaged completion in June 2018.

Once completed, the facility will increase the country’s security of fuel supply from the current 7-10 days to 30-45 days and, according to government, the project is on track, with no delays expected before commissioning. “This is of significant strategic importance and constitutes the critical, underlying strategic reason for the implementation of the project,” said Simeon Negumbo, Permanent Secretary in the Ministry of Mines and Energy.The […]

Full Post at www.newera.com.na

Open this photo in gallery: Long-term care insurance coverage kicks in once you’re no longer able to independently perform two or more activities of daily living, such as getting dressed, eating, or getting in or out of bed. The premium costs for the coverage depends on a number of factors including how young and healthy you are when you apply. Jennifer Jacobs, a long-term care specialist in Oakville, Ont., who has built her practice around insurance coverage for living benefits, believes we’re heading toward a "perfect storm."

The population of aging Canadians is growing. They are living longer in retirement […]

Full Post at beta.theglobeandmail.com

Here’s a surprise: U.S. workplace savings programs such as 401(k)s are a successful, innovative, inexpensive and constantly-evolving system that may prove to be the most successful retirement system that Americans have ever seen.

Yes, I know we’re all worried about the boomers and their savings deficit. And we’re preoccupied about the fiscal health and sustainability of Social Security and Medicare. Actually, we have quite a bit to be worried about .

But consider this: more than one-half of Americans today are participating in workplace retirement savings programs or contribute to traditional defined benefit pension plans. In the main, they are pleased […]

Full Post at www.marketwatch.com

A longtime south Ottawa resident is asking Ottawa South voters to think green in the next provincial election.

Les Schram, a Billings Bridge resident who has lived in south Ottawa for almost 30 years, says he is ready to take on the job of a member of provincial parliament.

“It’s really about being in touch with people,” said Schram, 71. “If you’re in touch with people and you’re in touch with their concerns, then you can develop legislation that makes sense.”His decision to seek the nomination took no time at all to make. He began volunteering with the Ontario Greens two […]

Full Post at www.ottawacommunitynews.com