“银元”机会：争夺退休资本

The World Governments Summit is a global platform dedicated toshaping the future of governments worldwide. Each year, the Summitsets the agenda for the next generation of governments, with a focuson how they can harness innovation and technology to solve universalchallenges facing humanity.The World Governments Summit is a knowledge exchange centre atthe intersection of government, futurism, technology, and innovation.It functions as a thought leadership platform and networking hub forpolicymakers, experts and pioneers in human development.The Summit is a gateway to the future as it functions as the stage foranalysis of future trends, concerns and opportunities facing humanity.It is also an arena to showcase innovations, best practice and smartsolutions to inspire creativity to tackle future challenges.AnsweringTomorrow’sQuestions, TodayWorld Governments Summit Table of ContentsIntroduction: Attracting and retaining expatriate ‘silver dollars’Executive summarySection 11.1Building a better understanding of the expatriate population and their needs1.2Understanding the benefits of expatriates for the local economySection 2Challenges to overcome in building a compelling long term savings propositionfor expatriatesSection 33.1The relative merits of existing levers to attracting and retaining expatriates3.2Citizenship or residence by investment3.3The competition for retirement capitalSection 44.1Case study: Why Florida appeals to so many retirees4.2Case study: The impact of foreign residence on Spain and Portugal4.3Case study: The Dubai International Finance Centre4.4Case study: The Pan-European Personal PensionConcluding remarks and recommendationsAbout MercerContributorsImportant notices 50708101620263440404010202614222824303216Table of Content World Government SummitThis paper explores how countries with high-earning expatriate communities couldestablish and optimize pension systems to help retain these workers into retirement– achieving expatriate to retiree conversion.•Increasing the number of expatriates retaining their wealth onshore intoretirement has the potential to bring significant long-term benefits to localeconomies.•In the context of broader incentives that governments and policymakers needto consider, we look at the specific levers that can help to optimize retirementand long-term savings models in both established and emerging expatriatejurisdictions.•We examine foreign worker populations in a range of global markets and assessapproaches being adopted by countries to attract expatriate workers and retirees.As advances in medicine and improvements in public health continue, humans areliving longer than ever before;1between 1900 and 2020, the average life expectancyin the US rose by 30 years. Over the next 100 years, research suggests that lifeexpectancy will rise by another 23 years.2Against this backdrop, the changes across OECD retirement systems have fallen farshort of expected increases in life expectancy; ‘normal’ retirement ages are set toincrease in just 23 of the 38 member countries and then only rising to an average of66.6 for men and 65.8 for women.3These increases are insufficient relative to currentand future jumps in life expectancy, and will not meet the demands of people livinglonger in retirement.As a result, many employees are working for longer to accumulate adequate savingsfor an extended life expectancy. Also, many of those nearing retirement may also beassessing the opportunity to retire overseas in a bid to secure a better quality of lifethrough their later years.Of course, expatriates must decide whether to repatriate to their home country whenthey finish working abroad or extend their stay overseas into retirement.Retaining expatriates into retirement is a major opportunity for emerging andestablished retirement destinations alike, and we expect the competition forretirement capital to evolve rapidly in the next decade.Established and emerging retirement destinations have a distinct head start throughexisting and fast- growing expatriate populations. By adopting policies specificallydesigned to incentivize expatriate workers to remain in a jurisdiction throughretirement – converting expatriate workers into expatriate retirees – countries cancapitalize on this head start in the competition for ‘silver dollars’.Introduction: Attractingand retaining expatriate‘silver dollars’The quick take The question facing many governments is how to effectively combine arange of levers to achieve consistent expatriate to retiree conversions.Between 2013 and 2017, the total number of expatriates globally grewby nearly 6% annually to 66.2 million4, a rapid growth trajectory set tocontinue as workforces become more mobile and exert greater freedomof choice over where they live, work and retire.Gulf Cooperation Council (GCC) nations have some of the largestexpatriate populations (as a proportion of the total population)globally. They also feature prominently in the top 20 countriesbenefitin