asterisk2a + 401k   13

Millions may lose promised pension payout - BBC News
gov has to bail out again corporate greed // Three million savers in final-salary pension schemes only have a 50/50 chance of receiving the payouts they were promised, a study has concluded.
Some employers were under pressure to meet their pension obligations, the Pensions and Lifetime Savings Association (PLSA) said.
High-profile cases such as the BHS collapse have highlighted concerns over the future of workplace pensions.
The PLSA said one solution could be the pooling of resources into "superfunds".
pension  retirement  crisis  TBTF  bailout  corporate  subsidies  subsidizing  scheme  UK  USA  ZIRP  NIRP  GFC  recovery  ageing  population  babyboomers  baby  boomers  demographic  bubble  Productivity  secular  stagnation  growth  inflation  401k 
september 2017 by asterisk2a
State pension changes: Charity finds 70,000 people won't qualify for pension under new rules | Home News | News | The Independent
Changes to the system coming into effect on 6 April mean that people will need 10 qualifying years to get any new state pension. This is a change from the existing regime which allows people to receive at least some state pension even with only a few years of NICs. [...] Age UK said it supports the aim of a simpler, fairer state pension, acknowledging it should benefit many people with low lifetime earnings due to low pay and caring responsibilities. But the charity is concerned that there are many approaching retirement, particularly women, who do not have a full NI record. [...] "People who haven't built up enough National Insurance can apply for Pension Credit, which works by topping up their other income and provides additional security in retirement.”
pension  pension  scheme  pension  obligation  pension  fund  public  pension  UK  babyboomers  budget  deficit  secular  stagnation  low  pay  low  income  working  poor  Precariat  precarious  work  Zero  Hour  Contract  Contractor  part-time  self-employment  welfare  state  social  safety  net  poverty  in  old  age  NIC  Altersarmut  elderly  care  adult  social  care  retirement  401k  ISA  savings  rate  squeezed  middle  class 
march 2016 by asterisk2a
Workers need to put 15% of income into pension, report says | Money | The Guardian
Saving more than three times the present average is necessary to have enough cash in retirement, review for Labour party finds [...] In the House of Commons, Iain Duncan Smith refused to say whether there would be an upper limit on the state pension age in heated exchanges over the government’s review. The work and pensions secretary said the government had launched the review to ensure pensions remained affordable for future generations, but he failed to answer the shadow work and pensions secretary, Owen Smith, when pushed over concerns that workers would have to wait until they were 80 to retire.
retirement  pension  scheme  pension  fund  pension  public  pension  pension  obligation  demographic  bubble  401k  working  poor  minimum  wage  low  pay  low  income  Precariat  DWP  Iain  Duncan  Smith  poverty  in  old  age 
march 2016 by asterisk2a
Thousands told their pension savings could be at risk - BBC News
[ fees ] It follows fears that dozens of companies providing auto enrolment pensions are too small to survive. The BBC has also uncovered evidence that employers and workers are being deliberately misled by some providers. The government said it was aware of the issue, and was planning to take action. Independent experts claim the problem could affect up to a quarter of a million people a year who are putting their savings into so-called master trust pensions. Such schemes are popular with the 1.8 million small employers with fewer than 30 staff who are currently signing up under the auto enrolment programme. "There is a risk of these schemes falling over; there is a risk that members might lose their money," said Andrew Warwick Thompson, executive director for regulatory policy at the Pensions Regulator. However, he said scheme assets invested through asset managers regulated by the Financial Conduct Authority (FCA) would be safe. This will be "the vast majority of cases", he said.
Tories  Privatisation  self-regulation  regulation  speculation  speculative  retirement  401k  pension  scheme  pension  obligation  pension  fund  public  pension  George  Osborne  David  Cameron  DWP  Iain  Duncan  Smith  Toff  Privileged  Establishment  Whitehall  Westminster  No  Representation  Career  Politicians  dogma  ideology  microeconomic  policy  labour  market  Conservative  Party  nasty  secular  stagnation  Generationengerechtigkeit  Wall  Street  profit  maximisation  shareholder  value  Millennials  generationy  generationx  babyboomers  City  of  London  GFC  oversight  Bank  FCA  Greed  regulators  trust  free  market  neoliberalism  neoliberal  policy  error  policy  folly  HMRC 
february 2016 by asterisk2a
Masters in Business: Yale Professor Robert Shiller (Audio) by Bloomberg View
history has proven again, markets are not efficient long-term // psychology is disreputable in econ department. // cognitive dissonance - justifying X action by looking around ... / Efficient-market hypothesis is a hypothesis for a reason; "it's a half-truth" "sometimes market moves don't reflect market news." // irrational exuberance // book fooled by randomness // 24:00 eugene phama - markets are very efficient, prices reflect all the knowledge out there, just buy the index, don't try to beat the market. buy passive index // don't play poker with your life savings. << robert shiller // 30:00 look at politics science, sociology, psychology - influence markets, people. broader disciplines. economists disregard them. // finance is about manage risk! about being a productive society and progress, and not suffer from boom and bust cycle! + financing activities ie VC gov supported R&D // & gov being a support pillar for all and not picking winners, can't forecast the future!
free  market  marketplace  efficiencies  marketplace  inefficiencies  efficient-market  hypothesis  complexity  human  Wall  Street  crowd  herd  herding  speculative  bubbles  distortion  economic  history  GFC  subprime  book  Robert  Shiller  robertshiller  behavioral  finance  behavioral  economics  finance  corporate  welfare  subsidies  subsidizing  corporate  tax  rate  R&D  Venture  Capital  Angel  Investor  Seed  Round  risk  pension  fund  pension  obligation  401k  public  pension  pension  scheme  pension  marginal  propensity  to  consume  plutocracy  Super  Rich  1%  Greed  oligarchy  self-regulation  disposable  income  discretionary  spending  negative  equity  boom  &  bust  secular  stagnation  shareholder  value  profit  maximisation 
february 2016 by asterisk2a
Nasty Gal Layoffs Hit 10 Percent of Staff | Re/code
Online fashion retailer Nasty Gal has laid off 10 percent of its staff, as the purveyor of edgy women’s clothing cuts costs amid an uncertain financing and retail environment. CEO Sheree Waterson told the company in an email that the cuts were necessary as the “market in which we operate is changing, both in retail broadly and apparel specifically.” Nineteen employees across several departments were let go. Nasty Gal also laid off some staff in 2014. The layoffs underscore the difficulty mature e-commerce startups can encounter as they transition from being a hot new brand to the long slog of building a more traditional retail business. In short, building a retail brand is really hard and technology can only afford you so many shortcuts along the way. Online beauty brand BirchBox announced layoffs of 15 percent of its staff last week, as startups in e-commerce tighten belts as investors become more wary of unprofitable growth.
Nasty  Gal  Branding  Brand  e-commerce  Retail  pure  play  Amazon  brick  and  mortar  business  squeezed  middle  class  discretionary  spending  disposable  income  USA  consumption  consumer  debt  household  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  Bubble  low  pay  low  income  Precariat  precarious  work  eBay  zombie  consumer  Primark  status  symbol  status  anxiety  consumerist  consumerism  secular  stagnation  debt  servitude  retirement  pension  scheme  401k  fiscal  policy  austerity  monetary  policy  reflate  reflation  economic  history  recovery  job  creation  Service  Sector  Jobs  emerging  middle  class  western  world  credit  BRIC  emerging  market  Frontier  Markets 
february 2016 by asterisk2a
Bill Gross' Advice To Traders As Stocks Crash | Zero Hedge
His conclusion: "The wealth effect is created by leverage based on QE’s and 0% rates." In other words, it was all an illusion.
leverage  ZIRP  NIRP  QE  speculative  bubbles  equity  bubble  debt  monetisation  debt  monetization  economic  history  401k  bank  bailout  GFC  distortion  Super  Rich  1%  plutocracy  neoliberalism  neoliberal  Wall  Street  shareholder  value  profit  maximisation  oligarchy  tax  evasion  tax  avoidance  crony  capitalism  capitalism 
january 2016 by asterisk2a
The Next Domino: Australia Doubles Tax On Retirement Savings | Zero Hedge
How much do you trust your government? >> Portugal, Ireland, Hungary & Co. raiding savings of ordinary people. raiding long-term funds for short-term holes. Promises are there to be broken. Laws to be rewritten. >> BOJ putting a tax in form of currency debasement (forced inflation / debt monetization) on its savers and pensioners. >> the problem with current form of democracy is - the short-term thinking that went on for 70 years.
currency  debasement  Politics  Europe  transferring-wealth  pension  scheme  IRA  BOJ  political  folly  Cyprus  Australia  democracy  greatrecession  lostdecade  policy  folly  JGB  middleclass  2013  lostgeneration  short-term  thinking  trust  pension  fund  working  poor  confidence  wealth  management  Error  401k  bail-in  trustagent  austerity  middle  class  USA  PIIGS  greatdepression  pension 
april 2013 by asterisk2a
The Political Changes that Transformed the American Dream - YouTube
For Pulitzer Prize-winning journalist Hedrick Smith, the American Dream depends upon the prosperity of middle class. Ray Suarez talks to Smith about his latest book, "Who Stole the American Dream?" for more on what needs to change to restore the American Dream, economically, politically and culturally.

> baby boomers heading for poor retirement, poverty, forced to live off social security
> increase in productivity kept going, but not wages in appropriate manner
> middle class economics - prosperity - dependent on power. power over time shifted to corporates who overshadow policy making in Washington with their lobbying.


Obama wanted to close the revolving door between corporates and Political Policy making in Washington, cutting off the force of the corporate lobby - he fail miserably by hiring from a pool of corporate thought leaders during his election campaign 2008 and while in office.

Capitalism ran wild. And when it was down, we fed it with bailouts to stand up again.
accountability  transparency  barackobama  presidency  government  governance  Politics  lobbyist  Lobbying  lobby  productivity  prosperity  middleclass  socialsecurity  pension  scheme  babyboomers  401k  book  economic  history  USA 
october 2012 by asterisk2a
YouTube - ‪Dalton Doubts Public Appetite for More Fed Stimulus‬‏
Fed targeting asset prices, ... higher asset prices does not mean people will spend.
Asset prices do support bank balance sheets, as in form of capital holdings, thus in form of lending capacity,
but if nobody want to borrow, nothing to lend to.
balance sheet recession richard koo
deleveraging process still ongoing in private space
and in parts of real world govs - uk austerity
Fed  monetary  policy  doubt  benbernanke  2011  QE3  ZIRP  economics  economy  401k  richardkoo  balancesheet  recession  recovery  greatrecession  deleveraging 
july 2011 by asterisk2a

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