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| aon hewitt pension: Finance and Occupational Pensions Charles Sutcliffe, 2016-11-25 Occupational pensions are major participants in global financial markets with assets of well over $30 trillion, representing more than 40% of the assets of institutional investors. Some occupational pension funds control assets of over $400 billion, and the largest 300 occupational pension funds each have average assets of over $50 billion. The assets of UK pension funds are equivalent to UK GDP, and US pension fund assets are 83% of US GDP. These statistics highlight the importance of pension funds as major players in financial markets, and the need to understand the behaviour of these large institutional investors. Occupational pensions also play an important, but neglected, role in corporate finance. For example, US company pension schemes account for over 60% of company market value, and yet they are often ignored when analysing companies. This book is based on the substantial body of evidence available from around the world on a topic that has become increasingly important and controversial in recent years. Written for practitioners, students and academics, this book brings together and systematizes a very large international literature from financial economists, actuaries, practitioners, professional organizations, official documents and reports. The underlying focus is the application of the principles of financial economics to occupational pensions, including the work of Nobel laureates such as Merton, Markowitz, Modigliani, Miller and Sharpe, as well as Black. This book will give readers an up-to-date understanding of occupational pensions, the economic issues they face, and some suggestions of how these issues can be tackled. The first section explains the operation of defined benefit and defined contribution pensions, along with some descriptive statistics. The second section covers selected aspects of occupational pensions. The focus of these first two sections is on the economic and financial aspects of pensions, accompanied by some basic information on how they operate. This is followed by three further sections that analyse the investment of pension funds, the corporate finance implications of firms providing pensions for their employees, and annuities. |
| aon hewitt pension: Retirement Security United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions, 2011 |
| aon hewitt pension: Retirement (in)security United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Economic Policy, 2013 |
| aon hewitt pension: Rescuing Retirement Teresa Ghilarducci, Tony James, 2018-01-23 Retirement shouldn’t be just for the rich: “Finally, a practical plan to address Americans’ lack of adequate retirement savings.”—Michael Bloomberg Everyone deserves to be able to retire with dignity, but this core feature of the social contract is in jeopardy. Companies have swerved away from pensions, and most of the workforce has woefully inadequate retirement savings. If we don’t act to fix this broken system, rates of impoverishment for senior citizens threaten to skyrocket, and tens of millions of Americans reaching retirement age in the coming decades will be forced to delay retirement and will experience a dramatic drop in their standard of living. In Rescuing Retirement, economist Teresa Ghilarducci and billionaire businessman Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. Built on people’s own money in individual Guaranteed Retirement Accounts, the plan requires no new taxes, no more bureaucracy, and no increase in the deficit. Speaking to Americans’ growing anxiety about their ability to retire, Rescuing Retirement provides answers to anyone wanting to understand the growing movement to protect a period of life once considered a deserved time of rest and creativity and offers a practical guide to the future of secure retirement. “Ghilarducci and James never slip into wonk-speak or jargon, and lay readers will appreciate the way the authors make sense of complex economic issues.”—Publishers Weekly |
| aon hewitt pension: Governance and Best Practice in Workplace Pension Provision Great Britain: Parliament: House of Commons: Work and Pensions Committee, 2013-02-12 |
| aon hewitt pension: Managing Public Pension Plans Gang Chen, Trang Hoang, Carol Ebdon, 2025-05-20 This book provides an in-depth explanation of public pension plan management and the decision-making processes surrounding pension policies within state and local governments in the United States. It addresses the intricate balance between securing retirement benefits for public employees and ensuring the fiscal sustainability of pension systems and their sponsoring governments. The book begins with an introduction to the purpose and significance of public pension systems, establishing a foundation for understanding key pension decisions. Using a logic model framework, the authors assess how environmental factors, stakeholders, and legal constraints shape decisions in pension management. The book identifies five core goals for public pension management — benefit sufficiency, cost affordability, funding sustainability, asset management efficiency, and governance quality — emphasizing the relationships among these objectives. Detailed chapters cover investment policies, actuarial processes, and the design of benefits and contributions, explaining the financial and actuarial bases necessary for sound pension decisions. Pension reform efforts, including the transition from defined benefit plans to defined contribution, cash-balance, and hybrid plans, are examined in depth, highlighting the reasons for reforms and analyzing their impacts on the employees and employers. The book concludes with ten takeaways for effective pension plan management and addresses emerging challenges such as fiscal pressures, inflation, and changing demographics. With practical implications grounded in research, this book serves as an essential resource for pension board members, pension system administrators, government officials, legislators and their staff, professionals, researchers, and students involved in public pension plan management. |
| aon hewitt pension: Retirement Savings for Low-income Workers United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security, Pensions, and Family Policy, 2014 |
| aon hewitt pension: Department for Work and Pensions: Public Consultation: Reshaping Workplace Pensions for Future Generations - Cm. 8710 Great Britain: Department for Work and Pensions, 2013-11-07 In Reinvigorating workplace pensions1 published last November, the Government set out to explore whether there was scope for a new category of defined ambition (DA) pensions that would complement the defined benefit (DB) and defined contribution (DC) structures that currently dominate the market. Automatic enrolment and the single-tier State Pension will provide a firm foundation for saving for retirement. But if the current forms of DC pension saving become the default alternative to traditional DB, the pension income of future generations from workplace pensions will be more uncertain than for past generations. Over the last 12 months the DA project - a joint project between DWP and the pensions industry - has been exploring options in a middle ground. The Government proposes that the regulation of workplace pension schemes should not focus on the detail of benefit design but on what is important to the member: ensuring that any promise or guarantee, whether from the sponsoring employer or scheme, provider is delivered. This Government proposes to make it easier for employers to sponsor new pension schemes where benefits accrue on a specified basis (e.g. related to salary); and also to allow additional flexibilities for future accruals only within existing DB schemes, including the possibility of allowing a statutory override to facilitate these changes. The new flexibility will remove constraints from the existing legislative framework while still giving employees the certainty of a pension scheme where the benefits are defined (such as in relation to their salary) with the security of the promise being sponsored by their employer |
| aon hewitt pension: Recreating Sustainable Retirement Olivia S. Mitchell, Raimond Maurer, P. Brett Hammond, 2014-10-16 The financial crisis and the ensuing Great Recession alerted those seeking to protect old-age security, about the extreme risks confronting the financial and political institutions comprising our retirement system. The workforce of today and tomorrow must count on longer lives and deferred retirement, while at the same time it is taking on increased responsibility for managing retirement risk. This volume explores new ways to think about, manage, and finance longevity risk, capital market risk, model risk, and regulatory risk. This volume offers an in-depth analysis of the 'black swans' that threaten private and public pensions around the world. Capital market shocks, surprises to longevity, regulatory/political risk, and errors in modelling, will all have profound consequences for stakeholders ranging from pension plan participants, plan sponsors, policymakers, and those who seek to make retirement more resistant. This book analyzes such challenges to retirement sustainability, and it explores ways to better manage and finance them. Insights provided help build retirement systems capable of withstanding what the future will bring. |
| aon hewitt pension: Is There a Retirement Crisis? An Exploration of the Current Debate George A. (Sandy) Mackenzie, 2020-07-03 Many quantitative empirical studies of retirement preparedness find that a substantial number of US households face a potential financial crisis at some point in the future. This monograph provides a critical survey of the most important and best-known of these studies, and it also examines the prospects for other countries. Studies of retirement preparedness vary in complexity and sophistication, and as a result, researchers offer a wide range of forecasts, with some warning of a severe crisis and others being more skeptical about the likely scale of the problem. This monograph appraises the quality of surveyed studies by determining how well each deals with key conceptual issues and how adequately each addresses principal risks. Going beyond the circumstances in the United States, the monograph also provides international perspective by comparing the “macro” and institutional aspects of pension and health systems in a group of eight industrialized countries, including the United States. |
| aon hewitt pension: Corporate and Private Pension Plans in the United States Yildiz Saglik, 2009-12-21 Inhaltsangabe:Introduction: This thesis gives in chapter A an understanding of the relevance of corporate and private pension plans for the U.S. work force. Chapter B examines the regulatory environment of qualified pension plans, the tax treatment of transactions on the employer and employee side and the multitudinous pension plan qualification standards. The main part of this thesis, chapter C, navigates the reader through basic plan types in the private sector including employer-sponsored plans and individual retirement arrangements. Chapter D deals critically with the opportunities and risks as a result of the structural shift in the retirement plan landscape from defined benefit to defined contribution plans in general, and to 401(k) plans in particular. Further, it gives a forecast on pension shortfalls for future retirees according to recent studies of governmental and private institutions and captures the impact of the current financial crisis on plan funds and the reactions of plan participants thereon. Inhaltsverzeichnis:Table of Contents: List of TablesVII List of AbbreviationsIX A)Introduction1 I.Brief History of Pension Plans in the United States1 II.Relevance of Pension Plans for the American Population3 1)Tax Advantages for Employers3 2)Income Security for Employees4 3)Supplemental of Social Security System5 4)Prevalence of Corporate Pension Plans8 (a)Sponsoring and Participation Level by Work Group8 (b)Sponsoring and Participation Level by Plan Type9 (c)Pension and Annuity Income Levels10 5)Relevance of Individual Retirement Arrangements11 6)Influence on Financial Markets12 7)Further Areas of Pension Coverage14 (a)Self-employed Individuals14 (b)Unions as Co-founder of Pension Plan Trusts15 iMultiemployer Plans15 iiMultiple Employer Plans15 iiiSingle Employer Plans16 (c)Governmental Employees16 B)Regulatory Environment of Retirement Plans18 I.Employee Retirement Income Security Act of 197418 II.Trusts19 1)Pension Trust Triangle19 2)Tax Exemption of Trusts20 3)Prudent Man Rule20 4)Funding20 5)Legal Force and Creditor Protection21 6)ERISA vs. State Law21 III.Systematic Segmentation22 IV.Tax Regulations for Qualified Retirement Plans23 1)An Overview of the Current Tax System23 2)Tax Treatment of Transactions24 (a)Contributions24 iEmployee Contributions24 iiEmployer Contributions25 (b)Distributions26 iAveraging Method for Lump Sum Distributions26 iiTax Deferrals on Net Unrealized Appreciation in [...] |
| aon hewitt pension: The Single-tier State Pension Great Britain: Parliament: House of Commons: Work and Pensions Committee, 2013-04-04 This report welcomes the improvements in retirement income that the new Single-tier State Pension will bring. However, the key to the policy's successful implementation lies in the Government informing the public as soon as possible about how it will affect individuals. The Committee criticises the Government for hampering its scrutiny of the proposals. The Government not only imposed an extremely tight timetable, but brought forward the implementation date by a year, after the Committee had completed taking evidence. The Committee says that the Government must work with them to ensure the transition is as smooth as possible and that Defined Benefit pension schemes do not suffer as a result. The Government should also develop and publish a clear explanation of how means-tested support, including passported benefits, will operate under the Single-tier Pension, and the transitional protection that will be put in place. Many women born between 1952 and 1953 believed that they would suffer a double adverse effect on their State Pension income, arising from the increases in their State Pension Age combined with their ineligibility for the Single-tier Pension, if it was introduced in 2017 as set out in the White Paper. The Government should clarify the position. Some women did not build up their own NI record because they had an expectation that they would be able to rely on their husband's contributions to give them entitlement to a Basic State Pension. The Government should assess and publish the cost of allowing women in this position who are within 15 years of State Pension Age to retain this right |
| aon hewitt pension: Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes Robert Holzmann, Edward Palmer, Robert Palacios, Stefano Sacchi, 2019-10-21 The individual account-based but unfunded approach to mandated public pension systems is a reform benchmark for all pension schemes, promising fair and financially sustainable benefits. Nonfinancial defined contribution (NDC) pension schemes originated in Italy and Sweden in the 1990s, were then adopted by Latvia, Norway, and Poland, envisaged but not implemented in various other countries, such as Egypt and Russia, and remain under discussion in many nations around the world, such as China and France. In its complete form, the approach also comprises budget-financed basic income provisions and mandated or voluntary funded provisions.Volume 1 of this book offers an assessment of countries that were early adopters before addressing key aspects of policy implementation and design review, including how best to combine basic income provisions with an NDC scheme, how to deal with heterogeneity in longevity, and how to adjust NDC scheme design and labor market policies to deliver on reform expectations. Volume 2 addresses a second set of issues, including the gender pension gap and what family policies can do about it within the NDC framework, labor market issues and administrative challenges of NDC schemes and how countries are coping, the role of communication in these pension schemes, the complexity of cross-border pension taxation, and much more.Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes is the third in a series of books analyzing the progress, challenges, and adjustment options of this reform revolution for mandated public pension systems.'Pension reform is a major issue in many countries. The development of the nonfinancial defined contribution pension plan in the 90's was a major advance in pension design. By reporting actual country experiences and exploring properties of plan designs, this latest collection of essays is a valuable contribution, well worth reading.' Peter DiamondProfessor at Massachusetts Institute of Technology; 2010 winner of the Nobel Memorial Prize in Economic Sciences 'A highly stimulating publication for policy makers and researchers alike. It pushes the analytical frontier for policy challenges that all public pension schemes are confronted with but that the nonfinancial defined contribution approach promises to handle best.' Noriyuki TakayamaPresident, Research Institute for Policies on Pension and Aging, Tokyo, and professor emeritus, Hitotsubashi University, Tokyo 'In a changing world where pensions are more than ever linked to labor markets, communication tools, and flexibility considerations, this anthology provides a unique up-to-date analysis of nonfinancial defined contribution pension schemes. By mixing international experiences and theoretical studies, it demonstrates the high adaptability of such pension schemes to changing social challenges.' Pierre DevolderProfessor of Finance and Actuarial Sciences, Catholic University of Louvain, Belgium |
| aon hewitt pension: The INSURTECH Book Sabine L.B VanderLinden, Shân M. Millie, Nicole Anderson, Susanne Chishti, 2018-04-16 The definitive compendium for the Insurance Digital Revolution From slow beginnings in 2014, InsurTech has captured US$7billion in investment since 2010 — a 10% annual compound growth rate is predicted until at least 2020. Three in four insurance companies believe some part of their business is at risk of disruption and understanding the trends, drivers and emerging technologies behind Insurance’s Digital Revolution is a business-critical priority for all growth-minded firms. The InsurTech Book offers essential updates, critical thinking and actionable insight — globally — from start-ups, incumbents, investors, tech companies, advisors and other partners in this evolving ecosystem, in one volume. For some, Insurance is either facing an existential threat; for others, it is a sector on the brink of transforming itself. Either way, business models, value chains, customer understanding and engagement, organisational structures and even what Insurance is for, is never going to be the same. Be informed, be part of it. Learn from diverse experiences, mindsets and applications of technologies Discover new ways of defining and grasping growth opportunities Get the inside track from innovators, disruptors and incumbents Be updated on the evolution of InsurTech, why it is happening and how it will evolve Explore visions of the future of Insurance to help shape yours The InsurTech Book is your indispensable guide to a sector in transformation. |
| aon hewitt pension: The Barefoot Retirement Plan Doyle Shuler, 2014-08-29 The Barefoot Retirement Plan reveals a little-known, 150 year old proven retirement planning strategy that quite simply, beats the pants off other plans. That’s why many are calling this non-traditional plan, “America’s Most Powerful Retirement Plan.” Less than .01% have even heard of this patent pending plan. The rich have quietly been using variations of this plan for over a century. Large corporations, banks and financial institutions own hundreds of billions worth of these plans. The reason some of the brightest minds in the world invest so heavily in these strategies is because, they work! If you’re like the majority of Americans who have been faithfully following the mainstream traditional investment advice, and relying on your IRA (Individual Retirement Account) or 401(k) to reach your retirement goals, you’re probably very concerned about having enough funds to last throughout retirement. 61% of Americans fear running out of money during retirement, more than they fear death. It doesn't have to be that way. This plan can help you to look forward to retirement, instead of dreading it. We’re giving away our custom retirement savings calculator for free. In our opinion, it’s the best retirement calculator out there. It visually shows you the power of this plan compared to your current retirement plan, IRA, ROTH, 401(k), etc. You can get your free Barefoot Retirement calculator at: BarefootRetirement.com/calculator This is not just another boring financial book. It’s written in layman’s terms and you will find lots of images and charts to help you clearly grasp the concepts. This book will show you how you can create a retirement plan that offers: • 100% tax-free retirement income • Life-time, tax-free, predictable income that lasts as long as you do • Single most powerful tax strategy that’s legally allowed in this great country • Completely private and requires no reporting • Guarantees you will not lose money due to market declines • Liquid, flexible and easy to use • Creditor proof in most states • No investment restrictions • The best way to stock-pile cash and build wealth, tax-free and take less risk • No contribution limits, pending qualifications • No distribution penalties • Leverage options to earn TWICE on the same funds • Lowest fees you will find anywhere • You’ll discover how this plan has much less risk than traditional plans You will not find a better retirement plan anywhere! |
| aon hewitt pension: Improving Governance and Best Practice in Workplace Pensions Great Britain: Parliament: House of Commons: Work and Pensions Committee, 2013-04-25 The introduction of auto-enrolment makes rigorous pension scheme governance essential. This Report calls on the Government to reassess the case for establishing one body with sole responsibility for regulating workplace pensions. There are concerns over current gaps in regulation and the potential for further gaps to arise as a result of now having three regulators, the Pensions Regulator; and the new Financial Conduct Authority and Prudential Regulation Authority, set up to replace the FSA. The Report argues that a single regulator is necessary to ensure that all members of workplace pension schemes are adequately and consistently protected. It also highlights that deferred-member charges and member-borne consultancy charges have the potential to cause serious consumer detriment. It recommends that both are banned by the Government, if significant progress is not made in the very near future by the industry towards ending them. There is particular concern about member-borne consultancy charges and those charges applied to deferred members - people who stop contributing to their pension scheme. The trend towards lower pension scheme charges is welcome. However, a good average is not sufficient and there is potential for consumer detriment in schemes that persist in retaining high charges. The Government should also regularly review its policy on capping charges for auto-enrolment schemes. Consumers are also continuing to lose out when they buy annuities because pension providers are not doing enough to ensure people are aware that they can shop around for the best annuity rate rather than being obliged to buy an annuity from their pension provider. |
| aon hewitt pension: Retirement – Stop Worrying & Start Planning Eric Muir, 2016-03-09 Everyone hopes for an enjoyable retirement. But hope is a poor substitute for thoughtful planning and intelligent investment. Obstacles to a successful retirement abound. My hope is that this book will help you gain a better understanding of both the pitfalls and the critical aspects of preparing for retirement. In addition to overcoming information overload, you must manage your way through a minefield of Wall Street and Bay Street marketers, media talking heads, analysts, prognosticators and a host of people within the industry whose livelihood depends on you repeatedly making emotionally driven financial decisions. By becoming more knowledgeable, you will be less likely to be distracted by misinformation and more likely to make intelligent planning and investment decisions. You will also be more confident that you are making the right choices for retirement and beyond. I hope to help you become a smarter, calmer, more educated investor and ultimately achieve a truly rewarding retirement. Keywords: Retirement, investment, portfolio, financial planning, financial decisions |
| aon hewitt pension: The Journey Janet Kidd Stewart, 2013-05-07 Planning for retirement can be as complicated as it is daunting, especially if you don't have the wisdom of a financial planner at your side. It is with that in mind that Janet Kidd Stewart writes the weekly Chicago Tribune column The Journey, which provides intelligent, straightforward, and personalized tips on how to best save for retirement. Now the best of Janet Kidd Stewart's sage advice has been conveniently collected in The Journey: Questions and Answers About Retirement Saving, Investing and Health Care. Taken from her weekly Chicago Tribune columns, this book can serve as an excellent primer for retirement planning regardless of age or income. The advice is up-to-date and plainly put, allowing the average person to better understand the ins and outs of Social Security, Medicare, annuities, mortgages, and wills, as well as pensions, IRAs, and 401(k)s. Written in the friendly and insightful tone that has made Stewart's columns a popular feature, The Journey takes readers' questions about personal and specific situations and details thoughtful, practical answers that can be applicable to many individuals in similar scenarios. Stewart peppers in additional counsel on a variety of topics to supplement these questions, making this book a comprehensive but quick read for anyone curious about whether their future is secure. |
| aon hewitt pension: Human Resource Management in Public Service Evan M. Berman, James S. Bowman, Jonathan P. West, Montgomery R. Van Wart, 2021-07-14 Human Resource Management in Public Service: Paradoxes, Processes, and Problems offers provocative and thorough coverage of the complex issues faced by employees and managers in the public sector, including managing under tight budgets with increasing costs, hiring freezes, contracting out, and the politicization of the civil service. Continuing the award-winning tradition of previous editions, authors Evan M. Berman, James S. Bowman, Jonathan P. West, and Montgomery R. Van Wart encourage active learning through various skill-building exercises and a mixture of individual, group, and in-class tasks. The Seventh Edition includes new examples on how COVID-19 has disrupted the workplace, equity and racial discord, organizational diversity, employee engagement and motivation, leadership development training, work-life balance, gender-based inequities, behavioral biases in appraisal, and unionization trends. |
| aon hewitt pension: Automatic enrolment in workplace pensions and the National Employment Savings Trust Great Britain: Parliament: House of Commons: Work and Pensions Committee, 2012-03-15 The Government established NEST as a low-cost pension scheme to help deliver the auto-enrolment programme and to address a market failure in the pensions industry which meant that many employers and employees were unable to access low-cost, good quality pension provision. However, the Committee believes that certain restrictions placed on NEST will create complexity for employers and will disadvantage some employees. The Committee's report recommends that, if state aid rules allow, the Government should remove the following restrictions: the cap on the annual contributions an individual can make to a NEST scheme; and the ban on individuals transferring existing pension pots into NEST. The Committee further urges the Government to proceed with its plans for State Pension reform, introducing a flat-rate State Pension and reducing the level of means-testing without delay. The report also highlights the difficulties and complexity employers and employees currently face in comparing the fees and charges applied by pension providers and recommends that, from 2013 onwards, if some auto-enrolment schemes still have hidden charges, or charges that represent poor value for money, the Government should use its powers to intervene. Auto-enrolment will impose new costs and may be particularly challenging for small employers however the Committee considers that the Government has taken appropriate steps to minimise the impact on businesses through its gradual and flexible approach (staging and phasing) to implementation. Exempting small employers would create significant complexity, as well as excluding many employees from the benefits of workplace pension saving |
| aon hewitt pension: EU Pensions Law Philip Bennett, Hans van Meerten, 2024-12-09 This judicious Commentary identifies how EU law directly and indirectly affects pension rights and provides a detailed article-by-article analysis of the IORP II Directive, in comparison to the relevant articles of the IORP I Directive. It also considers the extent to which EU pensions law has been retained in the UK post-Brexit and the effect of the UK Retained EU Law (Revocation and Reform) Act 2023. |
| aon hewitt pension: Docket No. 119618 , 2015 |
| aon hewitt pension: Insights in the Economics of Aging David A. Wise, 2017-03-20 The fraction of the population over age sixty-five in many developed countries is projected to rise, in some cases sharply, in coming decades. This has drawn growing interest to research on the health and economic circumstances of individuals as they age. Many individuals are retiring from paid work, yet they are living longer than ever. Their well-being is shaped by their past decisions such as their saving behavior, as well as by current and future economic conditions, health status, medical innovations, and a rapidly evolving landscape of policy incentives and supports. The contributions to Insights in the Economics of Aging uncover how financial, physical, and emotional well-being are integrally related. The authors consider the interactions between financial circumstances in later life, such as household savings and home ownership, physical circumstances such as health and disability, and emotional well-being, including happiness and mental health. |
| aon hewitt pension: The Disruptive Impact of FinTech on Retirement Systems Julie Agnew, Olivia S. Mitchell, 2019-09-06 Many people need help planning for retirement, saving, investing, and decumulating their assets, yet financial advice is often complex, potentially conflicted, and expensive. The advent of computerized financial advice offers huge promise to make accessible a more coherent approach to financial management, one that takes into account not only clients' financial assets but also human capital, home values, and retirement pensions. Robo-advisors, or automated on-line services that use computer algorithms to provide financial advice and manage customers' investment portfolios, have the potential to transform retirement systems and peoples' approach to retirement planning. This volume offers cutting-edge research and recommendations regarding the impact of financial technology, or FinTech, to disrupt retirement planning and retirement system design. |
| aon hewitt pension: Improving transfers and dealing with small pension pots Great Britain: Department for Work and Pensions, 2012-07-17 The Government considers that a system of automatic transfers to the new employer's scheme is the favoured approach, and want to develop a model of automatic transfers that includes pots created in automatic enrolment only. They agree that there is a need to look at issues of consumer detriment and how the system might work where people have multiple jobs or gaps in employment. They will work with industry to explore the potential of a virtual pot solution, particularly to help those with larger pots to see all their savings in one place. They will also work alongside the pension industry's new working group which will be looking at the scope to make more immediate improvements to the current volutnary transfer framework. Short service refunds are to be abolished but the idea of allowing micro pot refunds in an automatic transfer solution is to be explored |
| aon hewitt pension: Oxford Studies in Political Philosophy, Volume 3 David Sobel, Peter Vallentyne, Steven Wall, 2017-06-23 This is the third volume of Oxford Studies in Political Philosophy. Since its revival in the 1970s political philosophy has been a vibrant field in philosophy, one that intersects with jurisprudence, normative economics, political theory in political science departments, and just war theory. OSPP aims to publish some of the best contemporary work in political philosophy and these closely related subfields. This volume features ten papers and an introduction. The papers address a range of central topics and represent cutting edge work in the field. The first two parts of the volume deal with equality and justice and state legitimacy, while the final part looks at social issues that are not easily understood in terms of personal morality, yet which need not centrally involve the state. |
| aon hewitt pension: Corporate Governance and Investment Management Roger M. Barker, Iris H.-Y. Chiu, 2017-12-29 Shareholder engagement with publicly listed companies is often seen as a key means to monitor corporate malpractices. In this book, the authors examine the corporate governance roles of key institutional investors in UK corporate equity, including pension funds, insurance companies, collective investment funds, hedge and private equity funds and sovereign wealth funds. They argue that institutions’ corporate governance roles are an instrument ultimately shaped by private interests and market forces, as well as law and regulatory obligations, and that policy-makers should not readily make assumptions regarding their effectiveness, or their alignment with public interest or social good. |
| aon hewitt pension: Retirement Ade Asefeso MCIPS MBA, 2015-04-27 Some people transition seamlessly into a happy retirement and get right to the business of enjoying their new lives. But other people have a tougher time entering the retirement years. Some of these people may wonder whether they are really cut out for retirement at all. With all the talk and concern about dwindling retirement funds and our shaky economy, many retirees and soon to be retired are concerned about the financial aspects of retirement planning. But what about retirement living? In other words, what would you like to do with the rest of your life? |
| aon hewitt pension: The Political Economy of Pension Financialisation Anke Hassel, Tobias Wiß, 2020-05-21 The Political Economy of Pension Financialisation addresses – for numerous countries – how and why pension reforms have come to rely more on financial markets, how public policy reacted to financial crises, and regulatory variation. The book demonstrates how the process of pension financialisation reveals that pension policy is not only a social policy that affects retirement income, but also a financial policy that impacts savings rates, corporate finance and the economy. The chapters shed light on pre-funded private pensions as one key component of financialisation, as they turn savings into investments via financial services providers. Readers will also see how pension financialisation and the broader financialisation of the economy are here to stay, despite negative developments during and after the financial crisis. A systematic and comparative overwiew of the financialisation of pensions, The Political Economy of Pension Financialisation is ideal for scholars and postgradues working on Political Economy, Public Policy and Finance. This book was originally published as a special issue of the Journal of European Public Policy. |
| aon hewitt pension: The Routledge Handbook on Financial Social Work Christine Callahan, Jodi Jacobson Frey, Rachel Imboden, 2019-11-21 The Routledge Handbook on Financial Social Work explicates the financial needs, issues, and interventions within populations and theoretical approaches, and it assists clinician practitioners in intervening expertly and comprehensively. This book covers a range of issues in populations seeking services around complex financial needs and struggles, including those in the child welfare system; those with housing issues or facing homelessness; those coping with chronic and acute medical and psychiatric illnesses; those recovering from interpersonal violence; those facing recovery from incarceration; children and families involved in the child welfare system; and much more. In addition, policies will be woven in to inform the work. This book thoroughly explores research and evidence-based interventions around each population, and teaches clinicians to understand and treat financial distress holistically and empathically. This handbook will explain why understanding financial capability in these populations is so critical and how clinicians can step up their practices to meet those needs. Professionals from multiple disciplines ranging from financial therapists to social workers to financial coaches to financial planners will find this handbook eminently useful. |
| aon hewitt pension: Research Handbook on City and Municipal Finance Craig L. Johnson, Tima M. Moldogaziev, Justin M. Ross, 2023-09-06 This timely Research Handbook explores the handling of city and municipal finances in the 21st century. It examines the impact of the Great Recession and COVID-19 pandemic on cities and municipalities, highlighting strengths, weaknesses, and avenues for future progress in city and municipal financial management. |
| aon hewitt pension: A Manager's Guide to Strategic Retirement Plan Management Daniel Cassidy, 2006-05-19 Daniel Cassidy has written a detailed, comprehensive guide for managers to understand and succeed at the ongoing process of managing a company retirement plan. If motivating your employees is important to you as a manager, this book is an essential key to your success. --Josh Gordon, author of Presentations That Change Minds and Selling 2.0 Written by renowned retirement benefits planning specialist Daniel Cassidy, A Manager's Guide to Strategic Retirement Plan Management focuses on current best practices regarding company-sponsored retirement plans within the United States. Filled with in-depth insights and expert advice, this valuable guide will aid managers in applying strategic thinking to their retirement plan management activities--whether it be a 401(k) plan, investing in company stock, or a traditional defined benefit plan. It will also help you to view retirement plans in a holistic manner--ever more necessary given the unpredictable economy and recent troubles with companies such as Enron and WorldCom. Covering everything from administrative issues to financial and legal responsibilities, A Manager's Guide to Strategic Retirement Plan Management will allow you to make the best decisions possible while managing this ongoing process and help you find solutions that best fit your organization's specific needs. |
| aon hewitt pension: The Role of Social Security, Defined Benefits, and Private Retirement Accounts in the Face of the Retirement Crisis United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security, Pensions, and Family Policy, 2013 |
| aon hewitt pension: Mortality Assumptions and Longevity Risk Implications for pension funds and annuity providers OECD, 2014-12-08 The publication assess how pension funds, annuity providers such as life insurance companies, and the regulatory framework incorporate future improvements in mortality and life expectancy. |
| aon hewitt pension: Handbook of Minority Aging Tamara A. Baker, Keith E. Whitfield, 2013-07-28 The array of topics covered is amazing, making this book a valuable, significant resource for many disciplines...This multidisciplinary review of the literature on minority aging presents the scholarship related to public health and 'social, behavioral, and biological concerns' of aged minorities like no other publication. Graduate students will certainly be well-served by this book, as would faculty teaching aging at both undergraduate and graduate levels...Highly recommended.--Choice: Current Reviews for Academic Libraries Öwhile practitioners of gerontology, family medicine, and any professional involved in the care of the elderly will find some practical guidance in the second part of the book, it will really earn a place on the bookshelf of anyone and everyone with an interest in US sociology and the development of public policy for the elderly. With the general aging of the population and the book's accentuation of current issues, this outstanding review will become an indispensable tool.Healthy Aging Research This text provides up-to-date, multidisciplinary, and comprehensive information about aging among diverse racial and ethnic populations in the United States. It is the only book to focus on paramount public health issues as they relate to older minority Americans, and addresses social, behavioral, and biological concerns for this population. The text distills the most important advances in the science of minority aging and incorporates the evidence of scholars in gerontology, anthropology, psychology, public health, sociology, social work, biology, medicine, and nursing. Additionally, the book incorporates the work of both established and emerging scholars to provide the broadest possible knowledge base on the needs of and concerns for this rapidly growing population. Chapters focus on subject areas that are recognized as being critical in understanding the well being of minority elders. These include sociology (Medicare, SES, work and retirement, social networks, context/neighborhood, ethnography, gender, demographics), psychology (cognition, stress, mental health, personality, sexuality, religion, neuroscience, discrimination), medicine/nursing/public health (mortality and morbidity, disability, health disparities, long-term care, genetics, dietary issues, health interventions, physical functioning), social work (caregiving, housing, social services, end-of-life care), and many other topics. The book focuses on the needs of four major ethnic groups: Asian/Pacific Islander, Hispanic/Latino, African American, and Native American. Key Features: Provides current, comprehensive information about minority aging through a multidisciplinary lens Integrates information from scholars in gerontology, anthropology, psychology, public health, sociology, social work, biology, medicine, and nursing Emphasizes the principal public health issues concerning minority elders Offers one-stop shopping regarding the development of a substantial knowledge base about minority aging Includes recent progressive research pertaining to the social, cultural, psychological and health needs of elderly minority adults in the US |
| aon hewitt pension: Law Commission: Fiduciary Duties of Investment Intermediaries: A Consultation Paper - Consultation Paper No 215 Great Britain: Law Commission, 2013-10-28 The consultation paper Fiduciary Duties of Investments Intermediaries: A Consultation Paper follows on from the Kay Report on UK Equity Markets and Long Term Decision Making (see below), and uses pensions as the example, tracing a chain of intermediaries from the prospective pensioner/saver to the registered shareholder of a UK company. There are well established duties on pension trustees to act in the best interests of scheme members, and it looks at how far these duties require trustees to maximize financial return over a short time scale, and how far trustees can consider other factors such as environmental and social impact. The consultation asks: Whether the law is right to allow trustees to consider ethical issues only in limited circumstances? Whether the legal obligations on trustees are conducive to investment strategies in the best interests of the ultimate beneficiaries? and if not, what specifically ne |
| aon hewitt pension: A state pension for the 21st century' consultation document Great Britain: Department for Work and Pensions, 2011-07-27 The consultation documents published as Cm. 8053 (ISBN 9780101813129) |
| aon hewitt pension: Case Studies in Organizational Communication: Ethical Perspectives and Practices Steve May, 2012-01-20 This updated edition integrates ethical theory and practice to help strengthen readers' awareness, judgment, and action in organizations by exploring ethical dilemmas in a diverse range of well-known business cases. This volume explores a range of complex issues in today's organizations, addresses ethical concerns, and investigates the fundamentals that enable organizations to be simultaneously productive and ethical. Compiled with a variety of important examples of organizational communication ethics of today, case studies include the discussion of ethical dilemmas faced by Walmart, Toyota, Enron, Mitsubishi, BP, Arthur Andersen, Google, college athletics, and the pharmaceutical industry, among others. Through these case studies, students are able to directly assess ethical and unethical decision making in a rich, diverse, and complex manner that moves beyond simple explanations of ethics. This book is an invaluable resource for students and those interested in organizational communication ethics. |
| aon hewitt pension: Can We Do More to Keep Savings in Our Retirement System? United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions, 2015 |
| aon hewitt pension: The Challenge of Retirement Savings for Small Employers United States. Congress. House. Committee on Small Business, 2013 |
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In a financial climate that is changing at an unprecedented rate, pension plan managers need the expertise of Aon Hewitt Investment Consulting, formerly Hewitt Ennis Knupp or HEK, more …
Aon Hewitt Investment Consulting Pension Risk Tracker | Aon
Formerly Hewitt EnnisKnupp or HEK, Aon Hewitt Investment Consulting's Pension Risk Tracker allows organizations to monitor the funded position of their pension plan on a daily basis, as …
Your Pension Resources
On this site you can plan for your retirement, estimate your pension benefit, and access information regarding your pension plan. To begin, please log on by entering either your …
Pensions and Retirement | Aon
As a leader in pension and retirement strategies, we partner with you to create solutions that aim to enhance financial security and deliver better outcomes. Aon retirement consultants translate …
Login | Aon
Login to your account. Enter your username and password. Forgotten your username? Forgotten your password? New User? Register an account.
Aon Hewitt
User Name. User Name Instructions. Blog; Terms & Conditions; Disclaimer; Privacy; Copyright © 2025 Aon Hewitt | Powered by BackstopBackstop
Alight FAQ - Retirees - Alight Retiree Health Solutions
In October 2021, Alight Solutions acquired Aon Retiree Health Exchange. You’ll see our new brand name in communications and will receive more information over the next few months. …
MemberPortal_Site - Alight
Log in to access your Alight member account.
Pension Administration | Aon
Pension administration is a service that involves carrying out the strategic decisions and actions required of defined benefit (DB) pension plan sponsors. Aon is the premier provider of defined …
Benefits & Pensions Administration | Aon UK
Our long-standing experience – with a 50-year track record, we administer pension schemes for over 200 clients in the UK – means you can be confident that your members are cared for by …
Aon Hewitt Investment Consulting Pension Risk Management | Aon
In a financial climate that is changing at an unprecedented rate, pension plan managers need the expertise of Aon Hewitt Investment Consulting, formerly Hewitt Ennis Knupp or HEK, more …
Aon Hewitt Investment Consulting Pension Risk Tracker | Aon
Formerly Hewitt EnnisKnupp or HEK, Aon Hewitt Investment Consulting's Pension Risk Tracker allows organizations to monitor the funded position of their pension plan on a daily basis, as …
