RetireSecure Blog

August 26, 2014

Who Will Provide?

Filed under: Financial Literacy,Planning for Retirement,PRC in the News — The Pension Research Council @ 8:55 am

A recent panel discussed efforts to strengthen retirement planning through financial literacy, given that it is now more important than ever to save for retirement. Unfortunately, many workers are penalized by low levels of financial sophistication resulting in poor financial planning.  Panelist Olivia S. Mitchell, Wharton Professor of Insurance/Risk Management and Applied Economics/Policy and Director of the Pension Research Council spoke on these themes, along with Carlos Ramirez, President of the Mexican National Commission for the Pension System. He is responsible for the Commission’s financial literacy initiative and for regulating Mexico’s pensions. Bettina Von Jagow, Chairwoman of My Finance Coach, is a former professor of literary and cultural sciences at the University of Erfurt, Germany; the foundation seeks to improve students’ understanding of finance.

Click here to read the full discussion on financial literacy at ProjectM-Online.com

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August 15, 2014

Knowledge for Business Journalists

Filed under: PRC Events,PRC Partners — The Pension Research Council @ 9:06 am

For over 40 years, the Wharton Seminars for Business Journalists have provided several thousand members of the media insight from Wharton faculty into topics such as financial markets, accounting principles, corporate strategy and the global economy. Attend a Philadelphia flagship program, held annually on the University of Pennsylvania campus at the Wharton School’s Jon M. Huntsman Hall. Learn business concepts from such renowned Wharton professors as Jeremy Siegel, Olivia Mitchell, and Brian Bushee.

Click here to learn more.
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August 1, 2014

Pension Research Council Welcomes Allianz Asset Management AG/PROJECT M as Institutional Member

Filed under: PRC Partners — The Pension Research Council @ 11:30 am

The Pension Research Council is pleased to announce that Allianz Asset Management/PROJECT M has rejoined the Council as a Senior Partner of the Council for 2014. Read the full press release here.

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July 30, 2014

Pension Research Council Welcomes Towers Watson as Senior Partner

Filed under: PRC Partners — The Pension Research Council @ 9:00 am

The Pension Research Council is pleased to announce that Towers Watson has rejoined the Council as a Senior Partner of the Council for 2014. Read the full press release here.
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July 29, 2014

Don’t Bother Discussing Interest Rates and Bond Prices

Filed under: Financial Literacy,New Research,Personal Finance,PRC in the News — The Pension Research Council @ 12:40 pm

Olivia S. Mitchell, Wharton Professor of Insurance/Risk Management and Applied Economics/Policy and Director of the Pension Research Council, and her coauthor Annamaria Lusardi of George Washington University, designed a simple financial literacy survey, which they fielded on older Americans. Shocked at the poor results, they then launched an international study to determine how our population compares to other countries.

The Germans and Swiss were relatively savvy, where a small majority (53% and 50%, respectively) got all three questions right. Only 30% did so in the U.S and 27% in Japan. Russians fared worst of the nations examined.

Click here to read about the results on BloombergView.com
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July 25, 2014

Pension Research Council Welcomes Edward Jones as Senior Partner

Filed under: Uncategorized — The Pension Research Council @ 10:16 am

The Pension Research Council is pleased to announce that Edward Jones has rejoined the Council as a Senior Partner of the Council for 2014. Read the full press release here.
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Thieves of Their Own Wallet

Filed under: Financial Literacy,New Research,PRC in the News,PRC Partners — The Pension Research Council @ 9:59 am

Being a ‘thief of your own wallet’ is how the Dutch describe those who overspend and thereby undermine their financial wellbeing. A new study by Olivia S. Mitchell, Wharton Professor of Insurance/Risk Management and Applied Economics/Policy and Director of the Pension Research Council, coauthored by Annamaria Lusardi of George Washington University, shows that we all do this, not just the Dutch!

Many Americans lack an understanding of interest rates, inflation, and diversification. Without proper financial knowledge, people make poor informed financial decisions. Unsurprisingly, this leads them to undertake more borrowing, engage in less saving, and overspend on fees.

Click here to read more at ProjectM-Online

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July 22, 2014

Pension Research Council Welcomes Morgan Stanley Wealth Management as Senior Partner

Filed under: PRC Partners — The Pension Research Council @ 10:53 am

The Pension Research Council is pleased to announce that Morgan Stanley Wealth Management has rejoined the Council as a Senior Partner of the Council for 2014. Read the full press release here.

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July 16, 2014

Pension Research Council Welcomes Prudential Financial as Senior Partner

Filed under: PRC Partners — The Pension Research Council @ 9:48 am

The Pension Research Council is pleased to announce that Prudential Financial has rejoined the Council as a Senior Partner of the Council for 2014. Read the full press release here.

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July 11, 2014

Pension Research Council Welcomes Federal Reserve Office of Employee Benefits as Senior Partner

Filed under: PRC Partners — The Pension Research Council @ 12:15 pm

The Pension Research Council is pleased to announce that the Federal Reserve Office of Employee Benefits has rejoined the Council as a Senior Partner of the Council for 2014. Read the full press release here.

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