admin, Author at Pension Policy International

25AprApril 25, 2017

México. Hacienda propone sumar ahorro de Vivienda al Fondo para el Retiro

Es importante integrar el ahorro para la vivienda de los trabajadores a su fondo para el retiro, como parte de las reformas que requiere el Sistema Mexicano de Pensiones, dijo Oscar Vela, jefe de la Unidad de Seguridad, Pensiones y Seguridad Social de la SHCP. Integrar el ahorro para la vivienda de los trabajadores a su fondo para el retiro elevaría las aportaciones para la pensión de inmediato a 11.0 por ciento; medida que sería parte de la ola de...

April 25, 2017

NoticiasMexico

25AprApril 25, 2017

US. Pensylvania Governor and Treasurer push to cut Pension investment fees

Pennsylvania’s two large public-sector pension agencies got a message from Gov. Tom Wolf on Monday: cut the fees paid to outside firms handling billions in investments. Wolf and Treasurer Joe Torsella said at a news conference that they hoped that the state government pension fund would find ways to save $46 million annually and the school employees’ fund about $100 million a year. The two Democrats said Pennsylvania is near the top in the ranking of states that pay the highest...

April 25, 2017

NewsUS

25AprApril 25, 2017

Performance Evaluation of Pooled Funds in US and Canada

Pension funds kick off 2017 with positive returns. Morneau Shepell (MSI) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the first quarter of 2017. According to the report, in the first quarter of 2017, diversified pooled fund managers posted a median return of 3.0 per cent before management fees. "Stock markets made strong advances in the first quarter. Emerging market equities dominated with an impressive return of 10.9 per cent for the MSCI Emerging Markets...

April 25, 2017

NewsCanada, US

25AprApril 25, 2017

Nigeria’s PenCom General Director hands affairs over

A new chapter in the affairs of the National Pension Commission, PenCom, opened yesterday, after the erstwhile Director-General, Mrs. Chinelo Anohu-Amazu, handed over the affairs of the Commission to the Head of Corporate Responsibility, Aisha Dahiru-Umar. PenCom is the industry regulator overseeing assets of more than N6 trillion of pension assets in the country. The handover followed the arrival of her disengagement letter last Friday which was officially delivered to her. As reported by Vanguard yesterday, her removal was effected through...

April 25, 2017

NewsNigeria

25AprApril 25, 2017

CEOs urged to invest ‘sleeping giant’ corporate pensions in sustainability

The heads of the world’s largest corporate and investor sustainability initiatives have called on the private sector to mobilise the trillions locked up in corporate pension funds and invest in green projects. While companies have made progress at integrating sustainability into their operations, not enough is being done to ensure that their financial investments - pension plans in particular - align with their own sustainability values, the United Nations-backed Principles for Responsible Investment (UNPRI) and the United Nations Global Compact...

April 25, 2017

News

24AprApril 24, 2017

#Republic: Divided Democracy in the Age of Social Media Hardcover – March 14, 2017

From the New York Times bestselling author of Nudge and The World According to Star Wars, a revealing account of how today's Internet threatens democracy--and what can be done about it As the Internet grows more sophisticated, it is creating new threats to democracy. Social media companies such as Facebook can sort us ever more efficiently into groups of the like-minded, creating echo chambers that amplify our views. It's no accident that on some occasions, people of different political views...

April 24, 2017

Books

24AprApril 24, 2017

Is retirement problem the same as a savings problem?

HOUSE Resolution 67, which Donald Trump signed last week, rolls back a rule that the Labor Department finalised late last year, which would have made it easier for cities and counties to run retirement savings plans for citizens who couldn’t get them through work. It is an odd choice for Republicans to kill plans that would encourage private, voluntary, tax-deferred saving, which they tend to approve of. But a trade group for investment funds opposes the city-run retirement plans....

April 24, 2017

News, OP EdUS

24AprApril 24, 2017

Disarming Puerto Rico's Pension Time Bomb

By Richard J. Cooper, Luke A. Barefoot, Daniel J Soltman & Antonio Pietrantoni (Cleary Gottlieb Steen & Hamilton LLP) With the long-delayed commencement of negotiations between the new government of the Commonwealth of Puerto Rico (the “Commonwealth”) and its financial creditors finally underway, and the expiration of the existing stay on creditor actions looming, much of the financial press’ attention over the next several weeks will undoubtedly be focused on whether the government of Puerto Rico can reach an out...

April 24, 2017

Articles, Regulation, System Sustainability

24AprApril 24, 2017

Disarming Puerto Rico’s Pension Time Bomb

By Richard J. Cooper, Luke A. Barefoot, Daniel J Soltman & Antonio Pietrantoni (Cleary Gottlieb Steen & Hamilton LLP) With the long-delayed commencement of negotiations between the new government of the Commonwealth of Puerto Rico (the “Commonwealth”) and its financial creditors finally underway, and the expiration of the existing stay on creditor actions looming, much of the financial press’ attention over the next several weeks will undoubtedly be focused on whether the government of Puerto Rico can reach an out...

April 24, 2017

Articles, Regulation, System Sustainability

24AprApril 24, 2017

Ethnic and Racial Disparities in Saving Behavior

By Mariela Dal Borgo (Bank of Mexico) Using pre-retirement data from the Health and Retirement Study, I find that median saving rates are 9p.p. larger for Whites than for Mexican Americans and Blacks. Two-thirds of each gap reflect changes in asset prices and a third reflects households’ active saving decisions. Since Blacks save more in pensions, only the racial gap disappears with the inclusion of retirement assets. Both saving gaps are mostly explained by differences in income and, especially for...

April 24, 2017

Articles, Labor Market, Savings

April 2017