admin, Author at Pension Policy International

19DecDecember 19, 2022

UK. State pension: ‘60,000’ veterans set to miss out on 10.1% boost next year

Chancellor Jeremy Hunt has confirmed there will be a 10.1 percent rise to the state pension from April 2023, as the triple lock returns. The news has been welcomed by many older Britons, but not all state pensioners can expect to obtain the increase. The UK European Economic Area (EEA) Gibraltar Switzerland Countries with a social security agreement with the UK (but not Canada or New Zealand). Those who live outside of these countries will not get a yearly increase, and...

December 19, 2022

NewsIncome, UK

19DecDecember 19, 2022

Top-rated retirement systems around the globe

A new report from Morningstar evaluates retirement systems in eight “highly educated and wealthy countries” often cited in independent studies as being among the best in their regions. In a recent webinar reviewing the report, authors Andy Pettit, director, policy research at Morningstar, and Lia Mitchell, senior analyst, policy research, discussed some of the more effective features that they found in the countries that they studied and some areas that would benefit from change in those countries, including the...

December 19, 2022

NewsPensions, System Characterization

19DecDecember 19, 2022

Ghana. Debt Exchange Programme Extended to December Ending

The expiration date of the Debt Exchange Programme (DEP) has been extended to the end of December this year, the Ministry of Finance, has announced. It said in view of the of the festive season, the government had decided to extend the Expiration Date of the voluntary offer to Friday December 30, 2022, with a contemplated settlement date on Friday January 6th, 2023. The voluntary programme should have expired today December 19, 2022. A statement issued by the Ministry of Finance in...

December 19, 2022

NewsGhana, Investment, Regulation

16DecDecember 16, 2022

México. Utilidad de las afores cayó 65% al cierre de noviembre: Consar

Las administradoras de fondos para el retiro (afores) obtuvieron una ganancia de 5,125 millones de pesos entre enero y noviembre del 2022, lo que significó una caída de 65%, en términos reales, si se compara con el mismo periodo del año pasado, de acuerdo con datos de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar). Asimismo, las cifras de Consar, a cargo de Iván Pliego Moreno, también revelaron que aún hay dos administradoras (Invercap y Principal) que...

December 16, 2022

Noticias, NoticiasAdministración de Pensiones, Mexico

16DecDecember 16, 2022

Uruguay. Gobierno reiteró que no habrá reducción en las jubilaciones con la aplicación de la reforma previsional

Se llevó adelante este jueves en el Parlamento la tercera comparecencia del Poder Ejecutivo ante la comisión especial sobre el proyecto de la reforma previsional. El ministro de Trabajo y Seguridad Social, Pablo Mieres, brindó una conferencia acompañado de integrantes de la coalición de gobierno. Destacó que el proyecto de ley llegó al Parlamento “con el aporte de toda la sociedad organizada” y “es un proyecto que promueve la equidad”. Mieres se refirió a las mejoras en las jubilaciones: “Equidad para alrededor...

December 16, 2022

Noticias, NoticiasIngreso, Reforma de Pensiones, Uruguay

16DecDecember 16, 2022

México. ‘Alivio’ a las Afores: 153 mil retiraron por desempleo en noviembre, cifra más baja desde mayo

En noviembre, 153 mil 709 extrabajadores realizaron un retiro parcial por desempleo de su Afore. Esta cantidad implica una reducción mensual de 4.5 por ciento y en el año de 11.6 por ciento, de acuerdo con datos estadísticos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Además, representa la cifra más baja reportada desde mayo de este año, pues incluso en septiembre se tuvo un pico en el que 178 mil 556 mexicanos tramitaron este proceso en...

December 16, 2022

Noticias, NoticiasAdministración de Pensiones, Mexico, Retiro de Fondos

16DecDecember 16, 2022

U.S. public pension funding improves in November – Milliman

The overall estimated funding ratio of the 100 largest U.S. public pension plans rose to 74.7% at the end of November thanks to positive market returns, according to the Milliman 100 Public Pension Funding index. During the month of November, Milliman estimated that public pension plans had an aggregate investment return of 4.7%, with an estimated range of 2.5% to 7.2%. It was the second month in a row that estimated funding ratios rose because of market returns. Milliman estimated that...

December 16, 2022

NewsFunding, Public Pensions, US

16DecDecember 16, 2022

UK. British Airways signs agreement under New Airways Pension Scheme

British Airways has signed an agreement with the trustee of its New Airways Pension Scheme (NAPS) on the scheme's triennial valuation, the airline's owner IAG said on Thursday. The valuation, based on the scheme's funding position as of March 31, 2021, shows an agreed technical provisions deficit of 1.65 billion pounds ($2.01 billion), compared with a deficit of 2.4 billion pounds as of March 31, 2018. Under the terms of the agreement, British Airways will not pay a dividend in 2022...

December 16, 2022

NewsOccupational Pensions, UK

16DecDecember 16, 2022

Malawi. Parliament passes Pensions amendment Bill

Parliament yesterday passed the Pensions Amendment Bill which, among others, provides for increasing the proportion of pension benefits to be paid as a lump sum at retirement from 40 to 50 percent. The bill also seeks to repeal the Pensions Act and replace it with a new piece of legislation. The new law—if assented to by President Lazarus Chakwera—will reportedly address current implementation challenges in the pension sector, enhance coverage of the pension sector and strengthen compliance and supervision over entities...

December 16, 2022

NewsMalawi, Regulation

16DecDecember 16, 2022

South Korea pension fund opens up FX hedging limit to maximum 10%

South Korea's mammoth state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero up to now, the welfare ministry said on Friday, a move expected to ease dollar demand on the onshore FX market. The fund has grown in size and its increasing purchases of dollars for investment abroad have been blamed for exacerbating the dollar/won's already rising trend in recent months. South Korea's currency hit its weakest level in 13...

December 16, 2022

NewsInvestment, South Korea

December 2022