admin, Author at Pension Policy International

14AprApril 14, 2017

UK Recognized overseas pension schemes notification list

HM Revenue and Customs (HMRC) has temporarily suspended the ROPS notification list. It will return on Tuesday 18 April 2017. Pension schemes appear on the published list if their scheme managers have agreed to provide certain information to HMRC. They must agree to this undertaking for their scheme to be a qualifying recognised overseas pension schemes (QROPS). Since 9 March 2017 scheme managers have been required to pay tax to HMRC on certain transfers. They had until 13 April 2017 to...

April 14, 2017

NewsUK

14AprApril 14, 2017

Chile’s President Bachelet Presents Bill to Boost Pensions

Chilean President Michelle Bachelet announced on Wednesday evening that she was sending to Congress a bill that would dramatically increase the size of public pensions in the face of growing opposition to the nation's current system. The bill would include an increase in the amount of savings held collectively, a new 5 percent payroll tax, and a corresponding boost in retirement savings. Current pensioners would see savings rise by around 20 percent, while workers currently paying into the system would...

April 14, 2017

NewsChile

14AprApril 14, 2017

Poverty and Social Transfers in Hungary

By Christiaan N. Grootaert This study addresses the question of how well Hungary's system of cash social transfers helps prevent or alleviate poverty -whether different types of social transfer, or changes in eligibility rules, might better alleviate poverty. The social safety net in Hungary and other transition economies has undergone important changes. The conventional benchmark for measuring poverty in Hungary -the subsistence minimum- has lost much of its relevance because of the transition to a market economy. The author proposes...

April 14, 2017

Articles, Labor Market, RegulationLabor Market, Social Protection

14AprApril 14, 2017

How Can China Provide Income Security for its Rapidly Aging Population?

By Barry James, Estelle Kane & Che Friedman The authors discuss key choices policy makers face about China's pension system in the face of a rapidly aging population. They describe the problems the current pay-as-you-go system faces in the near and long term and simulate policy options for solving those problems. They find that simple design changes are necessary but not sufficient conditions for making the pension system sustainable. Partial funding is necessary to avoid large increases in future contribution...

April 14, 2017

Aging, Articles, Pension design, RegulationLabor Market, Mandatory Pensions Región: Asia, Political economy, Public Policy

14AprApril 14, 2017

Chile. Confederación de Comercio manifiesta reparos sobre la propuesta de pensiones

El presidente de la CPC Alfredo Moreno, dijo después de sostener un encuentro con el ministro de Hacienda Rodrigo Valdés, que no comparte el anuncio del ejecutivo porque finalmente el 2% de ahorro al fondo solidario, lo pagarán solo los trabajadores que cotizan y no los independientes que no lo hacen. "Es una cotización de la seguridad social, que no es un impuesto, es un esfuerzo que hacemos todos para ayudarnos unos a otros dentro de un conjunto de...

April 14, 2017

NoticiasChile

14AprApril 14, 2017

Pension Reform: Is There a Tradeoff between Efficiency and Equity?

By Estelle James In the past decade, Latin America has taken the lead in structural pension reform which replaces a publicly managed pay-as-you-go defined-benefit system with a system of privately managed, fully funded defined-contribution accounts supplemented by a social safety net This arrangement is designed to improve efficiency and growth, and preliminary evidence suggest that it has been successful in doing so. But traditional social security systems have been justified on the grounds that they are equitable and redistribute to...

April 14, 2017

Articles, Pension design, Regulation, System SustainabilityPolitical economy, Social Protection, Sustainability

13AprApril 13, 2017

México. Pagarán pensiones durante 93 años

En los próximos 93 años, el gobierno tendrá que pagar cada año, con dinero de los mexicanos, 211 mil 871 millones de pesos a pensionados que han estado incorporados en alguno de los 74 regímenes de beneficio definido. Este cálculo fue elaborado en el informe "Política pública de pensiones y jubilaciones" de la Auditoría Superior de la Federación (ASF), el cual considera el pago a pensionados de regímenes anteriores al sistema de cuentas individuales de Administradoras de Fondos de Ahorro...

April 13, 2017

NoticiasMexico

13AprApril 13, 2017

Presidenta Bachelet anuncia reforma al sistema de pensiones

Después de dos comisiones y sin que se llegara a un acuerdo transversal en la instancia donde participaron todos los partidos políticos para analizar un cambio al sistema de pensiones, el Gobierno anunció el envío de un proyecto de ley para apuntar a un incremento de las jubilaciones de manera progresiva. Fue la Presidenta Michelle Bachelet la encargada de hacer el anuncio en cadena nacional, donde destacó la idea de un aumento de un 5% de las cotizaciones previsionales a...

April 13, 2017

NoticiasChile

13AprApril 13, 2017

Yield-seeking Japanese investors seen helping to fund global real assets

Traditionally conservative Japanese investors are eyeing higher-yielding investments such as global infrastructure and real estate after a prolonged period of low economic growth and yields, according to analysis from Australia-based AMP Capital. With AUM of about 500 trillion yen (US$4.4 trillion), the Japanese institutional investment market “represents a substantial source of capital for investment into real assets across the globe”, the company says in a statement on Tuesday (April 11). According to Toshiaki Yamashita, Japan-based managing director of AMP Capital, Japanese...

April 13, 2017

NewsJapan

13AprApril 13, 2017

UK. Will LISA kill pensions?

The recently launched Lifetime ISA (LISA) is designed to help under 40s (18-39) purchase their first home or save for retirement. While I applaud the introduction of any tax-free saving platform that rewards savers with bonuses, I am not convinced this latest addition to the ISA portfolio, is as some describe, a credible alternative to pensions. Confusion There’s already confusion over the account’s purpose – is it for first-time-buyers or those wishing to save for retirement? Surely such contrasting savings aims...

April 13, 2017

NewsUK