Not great, not terrible – Slovenia’s second pension pillar (update for 2021)

Since the Slovenian ministry of labour just released fresh stats for the second pension pillar, this just calls for an updated article on the evolution of the second pension pillar represented by defined contribution retirement plans.  In December 2021 the number of employees saving in the second pension pillar in Slovenia reached a record 585.154Continue reading “Not great, not terrible – Slovenia’s second pension pillar (update for 2021)”

Ireland to introduce automatic enrolment in retirement plans

Ireland just published ambitious plans to introduce automatic enrolment (AE) in retirement plans from 2024 onwards and since I always back AE as the single most important policy that can help people save for retirement, it’s well worth to look at the details, which are quite interesting and some came with some surprise for me.Continue reading “Ireland to introduce automatic enrolment in retirement plans”

Lessons for retirement saving from the movie Don`t Look Up (Netflix)

End of December Adam McKay’s new movie Don’t Look Up was released on Netflix bringing to us a fun satire of the current state of our society. An acclaimed cast, including Leonardo DiCaprio, Jennifer Lawrence, Jonah Hill, Meryl Streep and Cate Blanchett, show us thru a satiric lens, how our society is totally oblivious toContinue reading “Lessons for retirement saving from the movie Don`t Look Up (Netflix)”

What a shocker – automatic enrolment in retirement plans works (How it started and how to make it better)

Automatic enrolment (AE) in retirement plans is far from a new idea, in fact it’s now more than two decades old, but I’m still surprised how many people in the industry (finance, insurance, retirement, …)  and also in the government, are not aware of how powerful it really is. Every time the debate in myContinue reading “What a shocker – automatic enrolment in retirement plans works (How it started and how to make it better)”

The forever young ideology does not help retirement saving – what to do?

While vacationing I try to catch up on my reading (as much as family life allows), and once in a while to take a break from more serious reading, I browse over my wife`s “lifestyle” magazines that she usually reads on the beach. Scanning over them this year, what struck me was how many articlesContinue reading “The forever young ideology does not help retirement saving – what to do?”

Assets and members of Slovenia’s second pension pillar on the up, coverage rates are down

End of 2020 the number of employees saving in the second pension pillar in Slovenia reached a record 574.219 members. This means the coverage rate is roughly 60 % of all persons in employment, which is a fairly decent rate for a 20 year old voluntary system, but if we correct the number and deductContinue reading “Assets and members of Slovenia’s second pension pillar on the up, coverage rates are down”

Did the stock market volatility in 2020 affect asset allocation of pension plan members?

We all remember the roller coaster ride stock markets had in the year 2020 that started in march with a sharp drop in stocks of almost all sectors and industries, followed by equally or even higher rises of some industries in the later months of the year. All in all, most of the markets recoveredContinue reading “Did the stock market volatility in 2020 affect asset allocation of pension plan members?”

Mandatory VS voluntary enrollment in retirement plans (Croatia VS Slovenia)

We know from lots of behavioral science literature the initial decision to join a retirement saving plan is one of the hardest, as there are lots of behavioral biases working against it, from loss aversion to status quo bias and many more. But what can we do to make this decision easier?  One of theContinue reading “Mandatory VS voluntary enrollment in retirement plans (Croatia VS Slovenia)”

Jump-start your retirement saving with the fresh start effect

End of the year brings in addition to New Year’s celebrations also New Year’s resolutions which many people make for themselves and usually include exercising more regularly, eating more veggies, quitting smoking or cutting out some other unhealthy habits. Some might also resolve to start saving for retirement or some other financial goal. So what’sContinue reading “Jump-start your retirement saving with the fresh start effect”

Boosting Covid-19 vaccine uptake and saving for retirement – same thing?

Since Covid-19 vaccines are finally being approved by regulators in the US, UK, Canada and many more countries following soon, the second part of the battle is just beginning – how to get as many people as possible vaccinated. One might think this will be first a logistical problem, but in reality it’s more ofContinue reading “Boosting Covid-19 vaccine uptake and saving for retirement – same thing?”