admin, Author at Pension Policy International

16JunJune 16, 2017

Swedish Pension Fund Sells Out of Six Firms It Says Breach Paris Climate Deal

Sweden's largest national pension fund, AP7, has sold its investments in six companies that it says violate the Paris climate agreement, a decision environmentalists believe is the first of its kind. AP7, which provides pensions to 3.5 million Swedes, said on Thursday it had sold out of ExxonMobil, Gazprom, TransCanada Corp, Westar, Entergy and Southern Corp, and would no longer invest in companies that operate in breach of the Paris climate accord. "Since the last screening in December 2016, the Paris...

June 16, 2017

News

16JunJune 16, 2017

Zimbabwe: Mines Owe Pension Fund US $100 Million

Pension funds in the mining sector are owed almost US$100 million in unremitted contributions, mostly by large companies, despite an anticipated recovery in the capital-intensive industry. Mining overtook agriculture as the largest contributor to the economy more than four years ago, but the industry, like many other economic sectors, continues to default on pension contributions, blighting the retirement plans of many pensioners. Mining contributes 60% of the country's exports. According to the Mining Industry Pension Fund (MIPF) annual report for 2016, the...

June 16, 2017

NewsZimbabwe

16JunJune 16, 2017

UK. New pensions minister to take on expanded role

Hexham MP Guy Opperman will be the new pensions minister, the Government has announced. Opperman takes over the brief from Watford MP Richard Harrington, who has been moved to the Department for Business, Energy and Industrial Strategy as part of the Conservative Party’s reshuffle. However, Opperman’s brief has been expanded to also include financial inclusion. The Government’s website entry still says that exactly what this entails will be confirmed “in due course”. Widening the pensions minister remit stands in contrast to criticisms...

June 16, 2017

NewsUK

16JunJune 16, 2017

Chile. Candidato Presidencial: El sistema de AFP “está significando pensiones miserables”

El diputado de Evópoli y precandidato presidencial de Chile Vamos, Felipe Kast, sostuvo que el sistema de AFP "está significando pensiones miserables para miles de chilenos", al comentar el tema la mañana de este jueves durante el debate radial del conglomerado transmitido por Cooperativa y otras emisoras. A juicio del parlamentario, "estamos pagando un pecado que cometimos hace 30 años, cuando diseñaron el sistema de AFP, que está muy bien que se ahorre individualmente, pero este modelo lo calibramos mal,...

June 16, 2017

Noticias

15JunJune 15, 2017

El Salvador. Declaraciones de representante de las AFP demuestran fracaso del modelo previsional

Declaraciones que Enrique Amaya, representante legal del Comité de Trabajadores en Defensa de los Fondos de Pensiones (COMTRADEFOP), emitió en una entrevista matutina televisiva hicieron eco en los legisladores del partido oficial, para quienes esto confirma el fracaso del modelo de las Administradoras de Fondos de Pensiones en el país. Amaya pidió públicamente a las mujeres que se jubilan próximamente, que no lo hicieran, porque recibirían menos de la tercera parte de su salario como pensión, además dijo que al...

June 15, 2017

Noticias

15JunJune 15, 2017

México. Datos biométricos de 4 millones de trabajadores, en poder de las Afore

Esto, a un año de que entró en vigor la incorporación del registro de huellas digitales y reconocimiento de voz a los expedientes electrónicos de los clientes. La Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) informó este miércoles que la incorporación de la firma biométrica crece a un ritmo de 100 mil por semana y estima que en los próximos 18 meses se podría alcanzar los 12 millones de trabajadores. Afore Coppel es quien lleva la delantera en...

June 15, 2017

NoticiasMexico

15JunJune 15, 2017

US. Three Ways GOP Is Waging War On Retirement

While most of the world was consumed with former FBI Director James Comey's riveting Senate testimony last week, the GOP majority in the House of Representatives quietly prosecuted its war on retirement. House Republicans under the leadership of Speaker Paul Ryan passed a "Financial CHOICE" Act that would roll back multiple Dodd-Frank protections that were put in place after the 2008 crash. These recent "reforms" mean your retirement savings will be more at risk. U.S. Speaker of the House Rep. Paul...

June 15, 2017

NewsUS

15JunJune 15, 2017

Pension Fund Problems in Kazakhstan

In April 2013, Kazakhstan’s parliament passed a bill creating a single pension fund (ENPF), with the objective of nationalizing the pension funds that were previously held at banks and other financial institutions. At the time, the objective was to safeguard pension assets, given the troubled period that banks in Kazakhstan had just experienced after the global financial crisis of 2007. The merger of the private pension funds proved to be a challenging feat, as the most prominent banks either held...

June 15, 2017

NewsKazakhstan

15JunJune 15, 2017

Ukraine. Thousands in eastern Ukraine lose access to pensions

Mykola Ivanovych, who worked as a bus driver for 54 years, must present himself at the state-run bank in Stanytsia Luhanska, which checks his identity to allow him to receive his monthly payment of USD$53. Inside the bank, he waits patiently while his wife joins the queue to carry out the verification process. Mykola Ivanovych, who is his 70s, suffered two strokes after his son was killed by an artillery shell in 2014 – the first year of the Ukraine conflict,...

June 15, 2017

NewsUkraine

14JunJune 14, 2017

UK. Pensions Regulator warns over dividends

The Pensions Regulator (TPR) warned it would "intervene" in individual circumstances where schemes were being treated unfairly. In a review of Britain's defined benefit pension schemes published today the TPR said British corporate profits have grown over the last three years. But as dividend paid have increased, there has not been an associated increase in payments into so-called deficit repair contributions, in other words, the amount paid to plug pension holes. SCHRODERS TALK UK election result: what it means for markets, the economy...

June 14, 2017

NewsUK

June 2017