admin, Author at Pension Policy International

24AugAugust 24, 2017

South Africa. Six retirement ‘rules of thumb’ that should be retired

Managers of retirement funds have to manage the underlying assets in retirement funds according to rules in Regulation 28 of the Pension Funds Act. These rules set certain maximum exposure to certain asset types such as equities, bonds, cash, hedge funds, private equity investments and offshore funds. Managers may invest a maximum of 75% of the portfolio in equities, and a maximum of 25% offshore, (excluding Africa) for example. The maximum exposure to hedge funds is 10% and to private...

August 24, 2017

News, SliderSouth Africa

24AugAugust 24, 2017

Switzerland. ‘If nothing changes, the young will pay twice’

Will Interior Minister Alain Berset be able to convince voters to back reforms of the old-age pension scheme? Interviewed by swissinfo.ch at the recent Congress of the Swiss Abroad in Basel, he discusses young people, women and billionaires. Faced with an aging population, reduced economic growth and low interest rates, the government and a parliamentary majority are calling for a sweeping reform of the old-age social security system to ensure that pensions can still be paid for in years to...

August 24, 2017

News, SliderSwitzerland

24AugAugust 24, 2017

US. Will the GOP destroy the 401(k)?

Republicans are ready to take on tax reform. And to make the numbers work, they may radically change the way your retirement savings are taxed. Both the Trump administration and the congressional GOP want to slash tax rates for individuals and corporations. The problem is that that strategy will lose the government money, and any bill passed by reconciliation — a procedural move in the Senate that avoids the filibuster — must be deficit-neutral over the long term. Republicans want...

August 24, 2017

News, SliderUS

24AugAugust 24, 2017

UK. Transfer delays cost pension savers over £1 billion

Pension transfer delays are costing consumers a total of over £1 billion, according to new research by online pension consolidation service PensionBee – a cost that could be avoided by transferring pensions electronically. There are 33.4 million defined contribution pension pots in the UK, and the research assumes that they will each be transferred at some point at least once, whether to consolidate pensions, purchase an annuity or be put into a new account for drawdown purposes. The transfer process is...

August 24, 2017

News, SliderUK

23AugAugust 23, 2017

Republica Dominicana. Niegan la mitad de las pensiones

La mitad de las pensiones por discapacidad y sobrevivencia solicitadas en los 14 años que tiene el Sistema de Pensiones o Seguro de Vejez, Discapacidad y Sobrevivencia del Sistema Dominicano de Seguridad Social (SDSS) fue declinada, o sea, negada, dejando a la familia del cotizante sin posibilidad de esa protección. De un total de 26,227 solicitudes que se habían generado a junio pasado, sólo se aprobaron 12,801 pensiones, lo que representa 48.81 por ciento de las solicitadas. De ese total, a...

August 23, 2017

NoticiasRepública Dominicana

23AugAugust 23, 2017

México. Las mujeres tendrán que ahorrar más para el retiro

Rosario Torres pronto cumplirá 50 años y tiene que solucionar dos problemas: sus hijas necesitan atención médica constante y no ha ahorrado para su retiro. Trabajó 18 años en el sistema formal, pero desde 2008 se dedica al cuidado del hogar y a sus pequeñas. Pese a que sabe que debe construir su ahorro para su jubilación, es un tema que hoy “no le quita el sueño”, pues confía en que “Dios proveerá”. El caso de Torres no es el...

August 23, 2017

NoticiasMexico

23AugAugust 23, 2017

Costa Rica. JPS permitirá adelantar pensión a adultos mayores que venden lotería

Los vendedores de lotería de más de 70 años podrán pensionarse aunque no hayan cumplido el número de cuotas requeridas. La Junta de Protección Social (JPS) anunció este martes un cambio en el reglamento al Fondo de Jubilaciones y Pensiones que aplicará un modelo solidario, con el fin de reconocer los derechos humanos de estas personas. La jubilación anticipada beneficiará a quienes cotizan al régimen desde febrero del 2009, fecha en que entró en operaciones este sistema. Varios vendedores de lotería consultados...

August 23, 2017

NoticiasCosta Rica

23AugAugust 23, 2017

Canada Pension Plan reform to boost assets above $15 trillion by 2090

The upcoming enrichment of the Canada Pension Plan will help fuel a 48-fold boost to the public fund’s assets over the long haul – to more than $15.8 trillion by 2090, according to federal calculations. In comparison, the public plan’s investment manager reported $326.5 billion in net assets at the end of the first quarter of 2017-18. Long-term projections on the evolution of the CPP’s post-reform assets were included in an internal briefing note prepared for federal Finance Minister Bill Morneau...

August 23, 2017

News, SliderCanada

23AugAugust 23, 2017

UK. What makes a good pension investment strategy?

In the last 18 months, the UK has experienced a Brexit referendum, the appointment of a new prime minister, the triggering of Article 50 to leave the European Union, a General Election in which the government lost its majority, and the beginning of critical negotiations with the EU on trade, citizens’ rights and financial contributions post-Brexit. This has all been amid a Trump presidency, European elections, and an unpredictable global economic climate. It’s no surprise then that the political and...

August 23, 2017

News, SliderUK

23AugAugust 23, 2017

Companies, Investors Report on SDG Contributions

August 2017: Companies are continuing to announce plans to align their business goals with the Sustainable Development Goals (SDGs) and to integrate the SDGs into their strategies and plans. Companies in Japan, Kenya and the US have adopted practices to promote sustainability. A Danish pension fund is promoting sustainable infrastructure investment. Other recent private sector contributions include reports on inclusive business models and impact investing. In Japan, Sumitomo Chemical introduced an in-house certification programme for products and technologies that contribute...

August 23, 2017

News, SliderUN