admin, Author at Pension Policy International

05DecDecember 5, 2017

EU court adviser says Britain was wrong to refuse transgender woman’s pension

Britain’s rejection of a transgender woman’s claim for a women’s state pension because she was still married to her spouse from before her transition is discriminatory, an EU court adviser said on Tuesday. Advocate General Michal Bobek of the Court of Justice of the European Union (ECJ) stated in a non-binding opinion that marriage status does not play a role in accessing state retirement pensions for people who are not transgender. “This amounts to direct discrimination on the basis of sex,...

December 5, 2017

News, SliderEU, UK

05DecDecember 5, 2017

UK. ‘Corbyn fear’ sees pension fund body advise Labour council to invest abroad

A Labour-controlled council has been advised to invest some of its £250m in pension assets overseas because of the “political risk” of a Labour election victory and “renationalisation” by a Corbyn-led government. A Camden council document posted online last week summarises the advice given by London CIV, a £5.6bn fund management group set up by local authorities to manage the pension funds of London councils. London CIV is chaired by Bob Kerslake, a former head of the civil service, and includes board...

December 5, 2017

News, SliderUK

04DecDecember 4, 2017

Brasil. Con los números en contra, Temer insiste en votar la reforma de las jubilaciones

El presidente de Brasil, Michel Temer, aseguró que hará "lo posible y lo imposible" para someter a votación la reforma del sistema previsional impulsada por su Gobierno, que se halla bloqueada en el Congreso desde hace meses. "Vamos a hacer lo posible y lo imposible para poderla aprobar. Tendremos una reunión con el presidente de la Cámara (de Diputados, Rodrigo Maia) y del Senado (Eunício Oliveira), que están entusiasmados, entusiasmados en nombre de Brasil", dijo Temer. El mandatario afirmó que hasta...

December 4, 2017

NoticiasBrasil

04DecDecember 4, 2017

España. La hucha de las pensiones, cada vez más mermada

El Gobierno ha tenido que volver a recurrir al Fondo de Reserva para poder abonar la paga extra de diciembre a los pensionistas españoles. En principio, la noticia no debería de alarmarnos en exceso. La llamada hucha de las pensiones está precisamente para eso, para poder recurrir a ella cuando es necesario. Pero no deja de ser alarmante el acelerado desgaste que está sufriendo este ahorro. De hecho, ya apenas queda para afrontar una nueva paga extra, aunque los...

December 4, 2017

Noticias, Op-EdEspaña

04DecDecember 4, 2017

Pension funds, sell your oil & gas stock

Last month, Norway’s $1 trillion pension fund announced plans to drop oil and gas stocks from its core benchmark stock portfolio. The move was of note because it served as an important acknowledgement by a major institutional investor that such holdings have lost their status as mainstream, blue-chip investments and are now considered speculative. It carries special significance too because the Norwegians really know the oil and gas market. The country owns vast oil reserves and the government — and...

December 4, 2017

News, SliderUS

04DecDecember 4, 2017

UK. Two in 10 pensioners now living in poverty

‘UK Poverty 2017’ – which says it’s the first report of its kind to assess rates of poverty and how they are changing - claims that 14 million people across the UK do not have enough money to have an acceptable standard of living. That 14 million is made up of eight million working age adults, four million children, and 1.9 million pensioners. JRF says that while poverty levels have substantially improved over the last two decades among those that are...

December 4, 2017

News, SliderUK

04DecDecember 4, 2017

Bitcoin-Friendly Philippines Plans ICO Regulation

After introducing regulations for bitcoin exchanges earlier this year, authorities in the Philippines are casting their eye on initial coin offerings (ICOs). Bangko Sentral ng Pilipinas (BSP) governor Nestor Espenilla has revealed the central bank’s intent to introduce regulations for initial coin offerings, or ICOs. A radical new form of fundraising where companies and startups raise capital by offering digital tokens in exchange for cryptocurrencies like bitcoin and Ethereum, ICOs are becoming increasingly popular as a means to gain financing. According...

December 4, 2017

News, SliderPhilippines

04DecDecember 4, 2017

AustralianSuper to quit big tobacco in $900m blow for Philip Morris, British American Tobacco

AustralianSuper is planning to sell out of tobacco merchants including heavyweights Philip Morris and British American Tobacco over the next two years. It will be the biggest divestment of tobacco stocks yet by an Australian super fund. The move comes after wealth manager AMP announced in March that its investment house, AMP Capital, was dumping $440 million worth of investments tied to the tobacco sector. AMP made that move as it overhauled its guidelines for investing ethically. AustralianSuper chief Ian Silk has told...

December 4, 2017

News, SliderAustralia

04DecDecember 4, 2017

UK Treasury Plans Tighter Regulation of Bitcoin and Cryptocurrencies

The British government is planning to introduce strict regulations of cryptocurrencies like bitcoin to combat crime like tax evasion and money laundering. The UK Treasury will lead the effort into regulating cryptocurrencies like bitcoin, bringing it under the purview of anti-money laundering and counter-terrorism financing legislation. A Treasury spokesperson said on Monday: "We have clear tax rules for people who use cryptocurrencies, and like all tax rules, these are kept under review. We also intend to update regulation to bring virtual...

December 4, 2017

News, SliderUK

04DecDecember 4, 2017

Securing Lifelong Retirement Income: Global Annuity Markets and Policy

By Olivia S. Mitchel Interest in longevity and longevity risk management is burgeoning, as government and regulatory agencies are increasingly conscious of the potential risks and benefits of longer lifespans. Commercial and industrial organizations, especially within the financial sector, are awakening to the opportunities presented by population aging, along with the new array of financial insurance instruments to manage longevity risk, which more sophisticated markets are making possible. This volume explores three main themes: the need for products to manage...

December 4, 2017

Books, Corporate Governance, Investing, Regulation2011, Aging, Labor Market, Risk

December 2017