admin, Author at Pension Policy International

06JulJuly 6, 2017

UK. Thousands of savers to unlock smallest pensions without paying fees

Thousands of pensioners with the smallest pots will no longer have to pay for advice to transfer out of their scheme, the Government has announced. New rules which will be laid out in Parliament today will exempt thousands of people from rip-off advice fees which can reach more than £1,000. Savers with "guaranteed annuity rate" pensions worth less than £30,000 will be given a simple valuation of their pension and will be able to transfer out without receiving advice. Around 1.5m savers...

July 6, 2017

News, SliderUK

06JulJuly 6, 2017

Ghana. Government should address Tier Two Pension issues – Forum

The forum for Public Sector Registered Pension Schemes has given the Government up to the end of July to resolve outstanding issues regarding the Tier Two Pension Scheme. Mr Isaac Bampoe Addo, the Chairman of the forum, at a news conference in Accra, said since 2010 when the scheme commenced, goverment had about 80 months' arrears of their five per cent monthly deductions to be paid to their respective custodian fund managers. The forum the Government should transfer all contributions deducted...

July 6, 2017

News, SliderGhana

06JulJuly 6, 2017

Canada. Executive shakeup at CPPIB reveals apparent change of heart about risk management

The Canada Pension Plan Investment Board, which stood apart from other major pension plans and Canadian financial institutions because it didn’t have a chief risk officer, appears to have had a change of heart. Neil Beaumont, who was most recently vice-president of Finance Minerals America for BHP Billiton, will become chief financial and risk officer at CPPIB on July 24. Beaumont will take over some functions from Benita Warmbold, who is retiring, but adds duties to reflect the pension fund’s “continued...

July 6, 2017

News, SliderCanada

06JulJuly 6, 2017

Why Uganda should continue with pension sector reform

The roadmap for reform of Uganda’s pension sector was drawn more than a decade ago. In 2003, the Minister of Gender, Labour and Social Development constituted the Stakeholders Transition Group (STG) to assist the Government with the development of a comprehensive legal, regulatory and financing framework for social security reforms. Following the STG recommendations another taskforce was established, the Pension Sector Reform Task Force, Chaired by Ministry of Finance, Planning and Economic Development (MOFPED). The main role of this task...

July 6, 2017

News, OP Ed, SliderUganda

06JulJuly 6, 2017

UK’s Ageing population ‘as big an issue as climate change’

The UK’s ageing population is ‘as big an issue as climate change’ according to John Cridland. Former CBI director general Cridland was appointed to review the state pension age (SPA) by the government. He published his report earlier this year. It made a number of recommendations to help the UK deal with the UK's growing pensioner population, including increasing the SPA to 68 quicker than planned. Speaking at an insurance industry conference, Cridland warned more needed to be done to address problems...

July 6, 2017

News, OP Ed, SliderUK

05JulJuly 5, 2017

Chile. 85% de cotizantes del fondo E debería estar en fondos más riesgosos

Aunque el fondo E de las AFP renta históricamente menos que el fondo A, su popularidad no baja y, al revés, cada vez son más los jóvenes que optan por poner sus ahorros para pensión en él. Así, actualmente el 85% de las personas que cotizan en el fondo más conservador, debiera en realidad estar ahorrando en fondos de mayor riesgo, dada su edad y horizonte de inversión. Así lo muestran las cifras de la Superintendencia de Pensiones, según la...

July 5, 2017

NoticiasChile

05JulJuly 5, 2017

México. Cofemer avala cambios en trámites de las Afore

La Comisión Federal de Mejora Regulatoria (Cofemer) autorizó hacer cambios a las regulaciones de los sistemas de ahorro para el retiro en la realización de trámites de adultos mayores. En el dictamen sobre "Modificaciones y adiciones a las dispocisiones de carácter general en materia de operaciones de los sistemas de ahorro para el retiro", la Cofemer reconoció que se generarán costos de implementación, pero también disminuirán los gastos, por lo que se esperan ahorros por la derogación de obligaciones por...

July 5, 2017

NoticiasMexico

05JulJuly 5, 2017

Chile. No+AFP agenda plebiscito nacional: modelo de reparto o capitalización individual

La coordinadora No+AFP anunció que en conjunto con diferentes organizaciones sociales y gremios, llevarán a cabo entre el 29 de septiembre y 1 de octubre un plebiscito en el que consultarán al país si quieren continuar con un sistema de capitalización individual o prefieren cambiar a un sistema de reparto solidario. El vocero de la coordinadora, Luis Mesina, adelantó que para dar legitimidad a este proceso se invitará a veedores internacionales que estarán revisando el proceso de votación que se...

July 5, 2017

NoticiasChile

05JulJuly 5, 2017

US. How rising healthcare costs are changing the retirement landscape

It’s hard enough getting employees to save for their retirement. It’s even harder to get them to think about how much they need to save for medical expenses in retirement. “Most Americans don’t think about what the medical component will be for them,” says Robert Grubka, president of employee benefits at New York-based Voya Financial. “They often think that Medicare and government-provided healthcare is enough and what people quickly find out is, it is helpful but it doesn’t mean it’s...

July 5, 2017

News, SliderUS

05JulJuly 5, 2017

Ireland. Public-sector pensions worth millions, new figures show

Public-service pensions paid to TDs, doctors and judges would cost private-sector workers between €2.4 million and €3.7 million if they were to seek the same retirement benefits, new figures show. The State uses taxes to fund the guaranteed pensions paid to its civil and public servants, including the €378,000 lump sum and €326,000 a year that former taoiseach Enda Kenny is receiving. The full value of this in private-sector terms is €5.17 million. Calculations by the Association of Pension Trustees of...

July 5, 2017

News, SliderIreland

July 2017