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Aegon: Women’s retirement readiness improves marginally

first_imgWomen’s financial preparedness for their retirement has only marginally improved globally since 2014, a report by Dutch insurer Aegon has suggested.Aegon’s Center for Longevity and Retirement (ACLR), in a collaboration with the Transamerica Center for Retirement Studies (TCRS) and the Instituto de Longevidade Mongeral Aegon in Brazil, suggested that global readiness had improved to 5.8 from 5.5 on a scale of 0 to 10.The study, spanning 15 countries in Europe – including the UK, the Netherlands, France and Germany – the Americas, Asia and Australia, concluded that only 21% of female workers believe they are on a course to achieve their retirement income needs.It said that many of the issues explored six years ago remain true today, with a persistent gender pay gap being among the most important challenges. Traditional social norms and gender roles were also placing women at a disadvantage in terms of saving and planning for retirement, Aegon added.“Women are more likely than men to take extended periods of time out of the workforce or work part-time, limiting both their ability to save and foregoing the wider benefits of full-time employment,” it pointed out.The report recommends broadening women’s access to workplace retirement plans by also including those working part-time and on zero-hours contracts, and proposes improved financial advice, both inside and outside the workplace.It noted that, promisingly, women in general outperform men in healthy behaviour, enabling them to work and save longer for retirement.However, as women tend to live longer than men, it also implies the need to prepare for longer retirement and more saving, it said.The report showed that women’s preparedness for retirement in the UK had improved by 0.2 to 5.8, whereas the situation in Germany had deteriorated by 0.2 to 5.8. Approximately one-third of female workers in both countries are in part-time employment.The Netherlands, where no less than 47% of women work part-time, showed an improvement of 0.1 to 5.4. The largest advancement was made in Spain, where women’s financial readiness for retirement rose by 0.7 to 5.2.The situation in Hungary and Poland improved by 0.5 and 0.3 to 5.2 in both countries.No improvement was found in China, while women’s financial perspectives for retirement had declined in Canada. Japan showed an advancement of 0.3 to 4.7.The researchers surveyed 16,000 workers and retirees, half of them being female.last_img read more

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Man stabbed to death

first_imgGiganto was rushed to the San CarlosCity Hospital where he was declared “dead on arrival.” Officers of the San Carlos City policestation conducted a manhunt operation against Cañedo, who fled after theincident./PN The 43-year-old Wendell Giganto ofBarangay 3, San Carlos City sustained stabbed wounds on the body, a policereport showed. Police identified the suspect as29-year-old Antonio Cañedo of Barangay Rizal, San Carlos City. This prompted the former to stab Gigantousing a bladed weapon, police said. BACOLOD City – A man was stabbed todeath in Barangay 6, San Carlos City, Negros Occidental. According to police investigators, aheated argument ensued between Cañedo and Giganto around around 12 p.m. on Feb.22.last_img

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Panelists speak about free speech in the press at Annenberg

first_imgLeaders of the news media industry gathered at the “Free Speech through a New Lens: Film, Digital Media and Social Change” panel held at Wallis Annenberg Hall on Monday.The Washington Post editor Martin Baron (center right) spoke at the panel along with three other media news industry leaders on Monday about free speech in digital media. Emily Smith | Daily TrojanPanelists included David Linde, chief executive officer of Participant Media; Shabnam Mogharabi, chief executive officer of SoulPancake; Martin Baron, editor of The Washington Post; and Josh Singer, the screenwriter of Spotlight and The Post. Frederick M. Lawrence, an expert in free expression and hate-crime law, moderated the event. The conversation focused mainly on the role of news media in democracy, as well as what the First Amendment means in a digital context. Baron said that most other forms of news outlets, such as television and radio news, get their stories from newspaper reporting. “You find that the stories that we do become the genesis for public conversation more than stories done by anybody else,” Baron said. According to Baron, the goal of newspapers is to provide a forum for public conversations and to elevate that conversation.Baron acknowledged that the nature of the press has expanded to include media companies and digital platforms.SoulPancake, a site that creates “uplifting content” such as Kid President, a motivational video series, is one of these new media companies. Mogharabi spoke about the role of the SoulPancake when it comes to censoring user-generated content. “We tend toward the side of not censoring,” Mogharabi said. “We try to guide it but we definitely do not actively censor unless we’re seeing foul language or threatening language. We don’t want to prevent people from exploring that clash of ideas, even if we disagree with them.”Singer agreed that free expression is important in the public sphere. He emphasized the importance of the press — especially the local press — in today’s world. According to Singer, if there is no strong local reporting, corruption may go unnoticed.“The press is so important to keeping our leaders honest,” Singer said. “There is a reason that the fourth estate exists and that is to keep another check on power.”Lawrence said that a system with neither repression of speech nor censorship may be the best. To him, speech should not be repressed, but there is a moral obligation to respond and counter.“Doing journalism is an exercise of the rights provided us in the First Amendment,” Baron said.According to Baron, the First Amendment is not just a set of guiding principles, but a call to action. He said that the principles journalists practice are what have kept him in this profession for over 40 years. “As journalists, we’re trying to tell the truth, actually,” Baron said. “That’s the purpose. We’re trying to be the expression of the First Amendment in the modern day.” Citing former president James Madison, Baron said the purpose of the First Amendment is to hold the government accountable by means of an independent entity outside the three branches of government. That entity is the free press, he said.“So that’s what we’re trying to achieve — to try to tell the truth about what’s happening in our government and our broader society and around the world,” Baron said. “I think that most people in our profession are deeply dedicated to that.”last_img read more

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