Top 20 Countries for Retirement Security
intro: The United States has ranked 19th among 150 countries listed by retirement security, behind many Eastern and Western European countries, according to Natixis Global Asset Management firm. The firm, headquartered in Boston and Paris, released its first Global Retirement Index on Thursday, measuring how well retired people live based on health measures, income levels, a country's financial state and quality of life. The analysis used data from the World Bank and United Nations. Tracy Flaherty, senior vice president with Natixis, said she hoped the analysis will spark a conversation between individuals, employers, pension plans, and policy makers about the need to reform or re-think retirement. "At the end of the day, there is a movement worldwide for people to take more personal responsibility for their retirement," Flaherty said. The U.S. finished with a final score of 74 percent. The top ranking went to Norway, which had an 87 percent score, according to Natixis. The company said ...
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Abc News
Bold New Rule: Students in the U.K. Must Study Personal Finance
The U.K. in early February made it all but official: personal finance instruction will be mandatory throughout the school system beginning in 2014. This is an important development that largely fell on deaf ears in the U.S., where government has been dithering in the realm of financial education for years. It’s not that the U.S. isn’t on board for measures to help individuals raise their financial acumen. In many ways, the U.S. is a global leader on this front. We have a formal National Strategy for Financial Literacy and both private sector and public sector presidential commissions looking into what works best. What we don’t have is a lot of action, like a federal mandate to require financial literacy coursework in schools. The U.K. just joined Australia and Singapore in this regard, and others like Canada and New Zealand seem headed the same direction. (MORE: Making Personal Finance Cool to Kids) “It’s encouraging to see an effort that promotes financial literacy nationwide, ...
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Euro dips, oil steady in holiday-thinned trade
SINGAPORE - Oil and equities dawdled on Monday near multi-month highs scaled after robust Chinese trade data last week, while the euro slipped to a two-week low as uncertainty surrounded a political scandal in Spain and a looming election in Italy.
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Reuters
Insiders steal a march in leak prone Asian markets
SINGAPORE - When South Korean automaker Hyundai Motor Co announced last month it had overstated the fuel efficiency levels on around one million of its cars in the United States and Canada some investors were left fuming more than others.
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Reuters
CNOOC pledge small step for China transparency, skeptics abound
SINGAPORE/HONG KONG - CNOOC's promise of transparency, pledged to win approval from Canada for its $15.1 billion purchase of Nexen Inc, looks like a positive step on the face of it but is unlikely to represent a sea change in Chinese business practices.
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Reuters