August 2017

03Aug

Singapore, Canadian pension funds to invest $1 bln in US talent firm

US talent management agency WME-IMG, which counts Japan's SoftBank Group among its investors, said it would receive a $1 billion investment from Canada's largest pension fund manager and Singapore's sovereign wealth fund GIC. Canada Pension Plan Investment Board (CPPIB), in a separate statement, said it would invest about $400 million for an 8 percent stake in WME-IMG, which owns brands like Ultimate Fighting Championship and the Miss Universe Organization. "This investment in a unique market leading platform in entertainment, sports and...

August 3, 2017
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03Aug

UK. Scotland facing ageing population timebomb

Scotland is facing a demographic time bomb in the coming decades with a sharp rise in the older population, prompting fears over how hard-pressed services will cope. The number of pensioners will soar by 28 per cent in just 25 years, according to official figures from the Registers of Scotland released yesterday. The figure has led to calls for the “swift action” from the Scottish Government to deal with the expected spike in demand at hospitals and social care departments. And there...

August 3, 2017
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03Aug

5% Is the New 8% for Pension Funds

For years, many pension funds assumed they would earn an average 8 percent annually from their investments. It was a reasonable expectation for a while. But times have changed. Now, the question isn't whether return expectations should be lower, but by how much. The average target has fallen toward 7.5 percent, but that's still probably difficult to meet without taking excessive risk. Howard Marks, the co-founder and co-chairman of asset manager Oaktree Capital Group, threw out a number this week that was...

August 3, 2017
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03Aug

New York City Pensions Return 12.95 Percent in Fiscal 2017: Preliminary Report

New York City's public pension system returned 12.95 percent on its investments in fiscal 2017, according to preliminary results from City Comptroller Scott Stringer on Wednesday, after two years of far more dismal results. Those returns, well above the funds' target return rate of 7.0 percent, should provide some relief for the underfunded retirement system. The results also mirror the investment performance of the nation's two largest public pension plans, both in California. Stringer cautioned that the results had not yet been...

August 3, 2017
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03Aug

Puerto Rico. Cauteloso análisis a proyecto sobre Retiro

Ante la envergadura de los cambios propuestos al sistema de pensiones de los empleados públicos, la Comisión de Gobierno del Senado examinará con detenimiento el proyecto presentado por el Ejecutivo y le incluirá enmiendas para establecer mayores garantías en el manejo de los fondos de retiro y en los derechos de los beneficiarios. El senador Miguel Romero, presidente de la comisión legislativa, indicó ayer que el análisis del Proyecto del Senado 603 comenzó tan pronto la administración de Ricardo Rosselló...

August 3, 2017
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03Aug

UK. A Waspi woman who worked for the NHS explains how the rise in the state pension age affects her

Rosemary Dickson, 60, is a retired heart and lung machine operator from Glasgow. She receives an occupational pension, but not a state pension. She would have started receiving her pension this week if not for the age increase. Instead she will be able to access it in 2023, when she is 66. Rosemary, who is a member of Women Against State Pension Inequality (Waspi) in Glasgow, says she will lose out on £500 every month between now and 2023. She is trying to find...

August 3, 2017
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02Aug

Chile. Movimiento No+AFP realizará una consulta independiente a fines de septiembre

El movimiento No+AFP ha programado una votación popular para continuar legitimando la demanda de cambio al actual sistema de pensiones, la cual se realizará los últimos días de septiembre. En concreto, la consulta independiente se llevará a cabo entre el 29 y 30 de septiembre y el 1 de octubre, en puntos a definir. De acuerdo a Alex Saphier, coordinador del movimiento en Osorno, todos aquellos mayores de 18 años podrán votar, no importando si cotizan o no, pues tarde o...

August 2, 2017
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02Aug

La Junta de Supervisión de Puerto Rico tratará tema de pensiones en novena reunión

La Junta de Supervisión Fiscal, entidad federal de control al Ejecutivo de Puerto Rico, tratará el tema de la reforma de las pensiones de los funcionarios públicos durante su novena reunión que celebrará el próximo viernes en Fajardo, localidad de la costa este de la isla caribeña. La entidad de control federal informó hoy a través de un comunicado que la reunión se llevará a cabo en las instalaciones del hotel El Conquistador en Fajardo. La agenda de la reunión incluye,...

August 2, 2017
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02Aug

Costa Rica. Magistrada pide incluir visión de género en reforma a pensiones

La magistrada Doris Arias, presidenta de la Sala Casación Penal, enviará hoy un pronunciamiento a la Corte Plena y a los diputados miembros de la comisión que discute la reforma al fondo de pensiones del Poder Judicial, solicitando se incluya la perspectiva de género en la reforma de ley. Arias, en su calidad de presidenta de la Comisión de Género del Poder Judicial, asegura que obligar a una jubilación generalizada hasta los 65 años es desconocer “el trabajo -reproductivo- que...

August 2, 2017
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02Aug

US. State, local pension plan funding dropped in 2016

As if there’s not enough to worry about in the retirement crisis, when people have so little saved, those who have pensions from states and local governments are likely not reassured about the performance of aggregate funding levels for those plans in 2016. A brief from the Center for Retirement Research at Boston College finds that aggregate funding for state and local pension plans fell during fiscal year 2016, thanks to continued steady growth of liabilities even while poor stock...

August 2, 2017
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