admin, Author at Pension Policy International

10OctOctober 10, 2017

Canada. CDPQ and CKD IM acquire Mexican wind and solar assets of Enel Green Power, for a total capacity of 1,712 MW

La Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, and CKD Infraestructura México (CKD IM), a consortium of Mexican institutional investors, announced today the acquisition of 80% of a portfolio of eight wind and solar assets owned by Enel Green Power(Enel), a global leader in renewable energy. Following this transaction, Enel will remain the operator and retain 20% of the portfolio. This is a major investment for CDPQ and CKD IM, a group consisting of Mexican pension fund managers...

October 10, 2017

NewsCanada, Mexico

10OctOctober 10, 2017

Why the average retirement age is rising

About half of today’s working-age households will not be able to maintain their standard of living in retirement. Social Security will provide less relative to pre-retirement earnings; 401(k) balances are meager; and half the private sector workforce does not have an employer-sponsored plan. At the same time, with rising life expectancy the number of years spent in retirement has increased dramatically, health care costs are high and rapidly rising, and interest rates are at historic lows. Retirees are in trouble. Three...

October 10, 2017

News, Slider

10OctOctober 10, 2017

Here’s How Much the Average 40-Something American Has Saved for Retirement

By the time you reach your 40s, there's a good chance you'll have had about 20 years of working experience under your belt. And that means you should, ideally, be in a decent place as far as your retirement savings go. Unfortunately, a large number of American 40-somethings are already behind on building their nest eggs. They need to start catching up immediately. Among U.S. households headed by someone aged 44 to 49, the average retirement savings balance is $81,347,...

October 10, 2017

News, SliderUS

09OctOctober 9, 2017

Nobel in Economics Is Awarded to Richard Thaler

Richard H. Thaler was awarded the Nobel Memorial Prize in Economic Science on Monday for incorporating a more realistic understanding of human behavior into economic theory, and for using the resulting insights to improve public policy. Professor Thaler, an economist at the University of Chicago’s Booth School of Business, is a pioneer of the discipline known as behavioral economics, which marries the work of psychologists with that of economists to produce better models of human decision-making. The Nobel committee, announcing the...

October 9, 2017

News, Slider

09OctOctober 9, 2017

Saving the Next Billion from Old Age Poverty. Global Lessons for Local Action

This Book Project is the first of a series of initiatives by pinBox to jumpstart a global dialogue and collaborative action on pension inclusion across Asia, Africa and Latin America. The Book presents the policy outlook, past efforts and planned interventions by several developing countries as well as thematic chapters on the key principles and issues in design and implementation of inclusive pension arrangements. This book was realeased on October 12 on the pinBox Digital Micro-Pension Inclusion Roundtable 2017 For more information...

October 9, 2017

Adequacy, Aging, Articles, Books, Corporate Governance, Funding, Investing, Labor Market, Management, News, Pension design, Regulation, Savings, Slider, Supervision, System Sustainability

09OctOctober 9, 2017

Colombia. No aplazar más el rediseño pensional

Para nadie es un secreto que el sistema pensional colombiano es una bomba de tiempo que le va a estallar a uno de los dos o tres próximos presidentes, si quien suceda a Juan Manuel Santos en el cargo aplaza más una reforma pendiente que modernice el actual esquema de jubilación. Es un hecho que las reformas vigentes basadas en la racionalización de los recursos públicos no convencen, pues a nadie le duele la sostenibilidad financiera, uno de los...

October 9, 2017

Noticias, Op-EdColombia

09OctOctober 9, 2017

México. Afores incumplen a 3 de cada 5 comerciantes

Durante la Semana de Educación Financiera 2017 se llevaron conferencias y asesorías a comerciantes de la región, en dichas reuniones se detectó que 3 de cada 5 oferentes y dueños de negocios en Tampico y Ciudad Madero no reciben el estado de cuenta de su Afore cada tres meses, conforme a la ley. Al respecto, Javier Talentino Segundo, jefe de difusión de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), expuso que los ciudadanos que contratan voluntariamente una...

October 9, 2017

NoticiasMexico

09OctOctober 9, 2017

UK. Thousands of families and pensioners at risk of repossession as government scraps crucial mortgage benefit

Thousands of pensioners face potentially losing government help with mortgage payments when the system changes in six months time, an insurance firm has warned. People are being left in the dark over key changes to Support for Mortgage Interest (SMI) due to come into effect in 2018, Royal London claimed. The SMI is currently paid as a benefit direct to a lender to cover interest payments on mortgages, but from April this is replaced by a loan that the firm...

October 9, 2017

News, SliderUK

09OctOctober 9, 2017

US. Ballot measure would strip pensions from corrupt lawmakers

For years, New York lawmakers convicted of abusing their power and sent off to prison had at least one thing to look forward to: a generous state pension. That practice could come to an end in November when voters will be asked whether to change the state constitution to authorize judges to strip pensions from corrupt politicians. Top lawmakers and Democratic Gov. Andrew Cuomo have argued the change will act as a powerful deterrent in a state where 30 state...

October 9, 2017

News, SliderUS

09OctOctober 9, 2017

South Africa’s Fedusa wants to review PIC investments

South African labour federation Fedusa said on Saturday it would consult rival federations over withdrawing an investment mandate the workers’ pension fund has with one of the continent’s largest asset managers, the Public Investment Corporation (PIC). The PIC manages South African government employee retirement funds and has been in the spotlight recently after reports the finance ministry requested money from the pension fund to bail out struggling state firms. Finance Minister Malusi Gigaba has denied making such a request. Gigaba on...

October 9, 2017

News, SliderSouth Africa

October 2017