admin, Author at Pension Policy International

15AugAugust 15, 2017

Taiwan. Presidential Office: There will be no place for protests against unfair-pension reform at Taipei Universiade

The Office of the President, ROC (Taiwan) said on Sunday that there will be no place for people who intend to express their political views by causing disturbances at Taipei 2017 Summer Universiade. According to media reports, President Tsai Ing-wen (蔡英文) will be attending the Taipei Universiade opening ceremony on August 19. However, rumors have spread that several groups opposing the government's policy to reform the country's unfair pension system are planning to stage protests outside the venue of the opening...

August 15, 2017

News, SliderTaiwan

14AugAugust 14, 2017

México. A partir del fracaso en Chile, la Consar insiste en reformar el sistema de pensiones

En la próxima década, los trabajadores mexicanos enfrentarán un panorama más desfavorable al que viven actualmente sus contrapartes chilenos en materia de pensiones, debido a que todos los parámetros que determinan el monto que recibirán al jubilarse son menores a los del país sudamericano, concluyó un análisis de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). En un estudio sobre los aciertos y errores del modelo chileno con el fin de obtener lecciones que se puedan aplicar...

August 14, 2017

NoticiasMexico

14AugAugust 14, 2017

Chile. ¿Qué pasará con las pensiones el primer año que opere la reforma?

Un análisis preliminar de la Asociación de AFP proyecta que el nuevo Fondo de Ahorro Solidario recibirá US$ 756 millones el primer año y que 1,4 millones de pensionados actuales serían sujeto de beneficios. De ellos, un 50,2% son mujeres. En 2018, además, entrarían otros 127.218 nuevos pensionados. Con el proyecto de reforma previsional ya firmado por parte de la Presidenta Michelle Bachelet, el Congreso se alista para iniciar desde el próximo lunes 21 el análisis del texto, desmenuzar contenidos...

August 14, 2017

NoticiasChile

14AugAugust 14, 2017

UK. Eye on the fees: State pension funds are getting better management

It’s a start. Keep going. That was the message that state Auditor General Eugene DePasquale and state Treasurer Joe Torsella last week gave to the State Employees’ Retirement System, which operates the pension fund for retired state workers. While SERS’ efforts to spend less money on managers has borne fruit — it shelled out $167 million last year, compared to $345 million in 2007 — Mr. DePasquale issued an audit urging the system to cut some more. Mr. Torsella issued a...

August 14, 2017

News, SliderUK

14AugAugust 14, 2017

HSBC fund arm eyes mainland China pension market, new Silk Road projects

HSBC Global Asset Management is planning to expand into more Asian markets with a focus on pension fund management and infrastructure investments arising from Beijing’s new Silk Road projects, according to the regional head of the company. “We would like to expand into new markets in Asia where we have achieve double digit year-on-year growth in terms of assets under distribution over the last three years,” said Pedro Bastos, chief executive of Hong Kong and regional head of Asia-Pacific, HSBC...

August 14, 2017

News, SliderChina

14AugAugust 14, 2017

UK. Poverty risk in old age from pension ignorance

People are putting themselves at risk of poverty in old age by failing to properly calculate their pensions, a state watchdog has warned. Ger Deering, the pensions ombudsman, has expressed concern that many workers are finding themselves with inadequate provisions because they do not put enough time and effort into understanding their retirement packages. “In our experience many scheme members are not familiar enough with the terms applying under their pension scheme or the basis of computing benefits,” Mr Deering...

August 14, 2017

News, SliderUK

13AugAugust 13, 2017

An Evaluation of the Electronic Pension Payment System in Tajikistan

By Ruben Barreto & Natalie Chun (Asian Development Bank) Modernizing government-to-person (G2P) pension payments from traditional cash-based to modern electronic-based delivery systems can improve outcomes for pensioners, government entities, and financial services providers. Cash operations, though convenient in some circumstances, involve manual handling procedures in the distribution process that entail large overhead expenses and significant operational risks. These are highly susceptible to fraud and leakages due to difficulties in appropriately reconciling payments. However, experience has shown that implementing electronic-based G2P payments...

August 13, 2017

Articles, Management, Pension design, Slider-LeftAging (and old age), Asia, Payout, Pension Payment

13AugAugust 13, 2017

The Macroeconomic Impact of Fertility Changes in an Aging Population

By Neha Bairoliya, Ray Miller (Harvard University) & Akshar Saxena (Harvard University - T.H. Chan School of Public Health) We assess the impact of continued low fertility in China, versus a rebound in fertility due to the relaxation of the one child policy, on demographic and macroeconomic outcomes in a dynamic general equilibrium framework. We use a rich model of human capital investment, public health insurance, pensions, private savings, and intra-family transfers to support the consumption of young and elderly...

August 13, 2017

Aging, Articles, Labor Market, SavingsAging, Old Age, Political economy, Population, Regulation

11AugAugust 11, 2017

UK pension risk transfer to re/insurers to reach £700 billion by 2032

Demand for bulk annuity buy-ins is expected to quadruple over the next 15 years as £700 billion worth of defined benefit pension scheme liabilities are expected to be passed to insurers by 2032, according to a Hymans Robertson report. Around one-third of current defined benefit (DB) pension risk schemes are expected to reach self-sufficiency over the next 15 years as UK firms increasingly look to offload this risk, the report found. James Mullins, Head of risk transfer buy-out solutions at Hymans...

August 11, 2017

News, Slider

11AugAugust 11, 2017

Tata Steel Gets Regulatory Approval for UK Pension Deal

India's Tata Steel has received regulatory approval for a UK pension deal, it said on Friday, paving the way for a possible merger between its British and European steel assets and those of Germany's Thyssenkrupp. With the new agreement coming into effect, the UK pension scheme will be separated from Tata Steel UK and a number of affiliates, the company said. (http://bit.ly/2vt3uAD) Tata Steel will pay 550 million pounds into the British Steel Pension Scheme and will also give one of...

August 11, 2017

News

August 2017