admin, Author at Pension Policy International

05JunJune 5, 2018

A Template for Fixing America’s Public Pensions

Kentucky, home to arguably the most famous annual horse race on the planet, has produced a lot of remarkable turnaround stories over the years. In May 2009, when the world was mired in a recession, a little-known contender called Mine That Bird had 50-1 odds to win the Kentucky Derby. In a competition that’s earned its reputation as “the greatest two minutes in sports,” the horse weaved past 18 other thoroughbreds to cross the finish line first. A lesser-known dark-horse...

June 5, 2018

News, Slider

05JunJune 5, 2018

US. The federal government should fix the pension coverage gap

The coverage gap is the most serious problem in the private sector retirement system. At any moment in time, less than half of private sector workers are offered any type of retirement plan by their employer. Since people rarely save outside of organized savings mechanisms, those without coverage do not accumulate retirement assets. Right now, I am worried about Massachusetts. Like the rest of the nation, about half of the state’s private sector workers have no plan. The state’s response to...

June 5, 2018

News, Slider

04JunJune 4, 2018

US. Pension funds lead charge to expose Wall St sexual offences

Wall Street has so far been relatively unscathed by the #MeToo movement — but that could soon change as several large investors take a hard line on sexual misconduct and put asset managers under a microscope. Instead of waiting for harassment cases to surface on their own, two public pensions in California are taking matters into their own hands and urging asset managers to disclose their history of harassment cases and settlements. Calpers, the largest US public pension fund with $355bn...

June 4, 2018

News

04JunJune 4, 2018

UK. MPs call for UK companies to disclose climate risks

The UK government should bring in rules within the next four years that require pension funds and UK-listed companies including banks to disclose climate-related risks, a committee of MPs has said. The Environmental Audit Committee also said the government should immediately clarify existing rules around corporate risk disclosure to include material climate risks. “We want to see mandatory climate risk reporting and a clarification in law that pension trustees have a duty to consider long-term sustainability, not just short-term returns,” said...

June 4, 2018

News, Slider

04JunJune 4, 2018

Australia. Do public servants receive too much superannuation?

Hopefully, the Prime Minister's review of the Australian Public Service will address much more than its terms of reference's emphasis on technology and "innovation". One important issue is the way remuneration is set so the APS can attract and retain the skills it needs. I also hope the review is not too influenced by private sector experience but draws carefully on public sector experience, particularly where the public sector has a superior record (for example, in its ethical culture). I have...

June 4, 2018

News, Slider

04JunJune 4, 2018

The Spanish Pension System And Its Problems

The Spanish pension system is one more which exists in the OECD and, probably, not one of the worst. Neither are its problems very original. Just like in other countries in the club, the financial hardships which were the result of the Big Recession led to cuts. These were implemented in 2011 by the PSOE, with the PP causing a big scandal, then in 2013 by the PP, with the roles reversed. The commitment to not politicising this issue (the...

June 4, 2018

News, Slider

04JunJune 4, 2018

Sigue campo de batalla en Nicaragua: protestas dejan otros 6 muertos

Manifestantes nicaragüenses se enfrentaron este sábado con morteros de fabricación casera a la represión de fuerzas antimotines, en una nueva jornada de protestas, saqueos y disturbios, que dejaron al menos otros seis muertos, incluido un estadounidense. La ciudad de Masaya, un antiguo bastión sandinista que se sublevó contra el presidente Daniel Ortega, se convirtió en un campo de batalla, donde cientos de manifestantes levantaron barricadas y se enfrentaron con armas caseras a policías antimotines y de quienes señalas como grupos...

June 4, 2018

Noticias

04JunJune 4, 2018

Oficializan aumentos en jubilaciones, pensiones y AUH

Según la Resolución 88/2018, el haber mínimo garantizado a partir de este mes será de $8.096,30 (por sobre los $7.600 actuales), mientras que el haber máximo será de $59.314,97 -la suba corresponde a un aumento 5,7 por ciento-. La Prestación Universal para el Adulto Mayor (PUAM) pasará a $6.477 -la ley establece que el monto es el 80% del haber mensual mínimo-. Asimismo, a través la Resolución 89/2018, la Anses determinó los nuevos rangos y montos de las Asignaciones Familiares y...

June 4, 2018

Noticias

04JunJune 4, 2018

Systemic Risk: A Practitioner’s Guide to Measurement, Management and Analysis

By Malcolm H.D. Kemp Systemic Risk provides readers with a wide-ranging practical guide to systemic risk in the financial system. It challenges the notion that systemic risk is exclusively about interconnectivities within the financial system, showing that past systemic risk crises have often involved a broader range of vulnerabilities. It describes how regulators and governments are seeking to manage systemic risk, and how their concerns are driving change in regulatory and business environments across the financial sector. It sets out how...

June 4, 2018

Books, Management, RegulationCorporate Governance, Risk

04JunJune 4, 2018

Systemic Risk: A Practitioner's Guide to Measurement, Management and Analysis

By Malcolm H.D. Kemp Systemic Risk provides readers with a wide-ranging practical guide to systemic risk in the financial system. It challenges the notion that systemic risk is exclusively about interconnectivities within the financial system, showing that past systemic risk crises have often involved a broader range of vulnerabilities. It describes how regulators and governments are seeking to manage systemic risk, and how their concerns are driving change in regulatory and business environments across the financial sector. It sets out how...

June 4, 2018

Books, Management, RegulationCorporate Governance, Risk

June 2018