admin, Author at Pension Policy International

02NovNovember 2, 2022

Taiwan to have world’s lowest birthrate by 2035

Taiwan is expected to replace South Korea as the country with the lowest birthrate by 2035, population projections by the National Development Council showed. The nation’s birthrate is expected to be the lowest in the world with 1.12 births per woman in 2035, when South Korea’s birthrate is expected to be 1.18, data released by the council showed. Taiwan previously had the lowest birthrate in the world when the number fell to 0.9 births per woman in 2015, but the figure...

November 2, 2022

NewsAging, Taiwan

02NovNovember 2, 2022

U.S. Allianz Life Launches Income Annuity for Use in DC Plans

Allianz finds growing numbers of U.S. workers want guaranteed income options in their employer-sponsored retirement plan. Allianz Life Insurance North America launched the Lifetime Income+ Annuity, an in-plan guaranteed lifetime income option for defined contribution plans. The Allianz Life fixed index annuity is now available to any plan sponsor connected to the iJoin/IPX Retirement network of recordkeepers, a spokesperson said in an email. “We designed this product to be personalized, flexible, and portable for users,” said...

November 2, 2022

NewsDefined Contribution, Payout, US

01NovNovember 1, 2022

US. Some workers halt 401(k) plan contributions to cope with inflation

More than half of American workers have cut or stopped contributing to their retirement savings plans to cope with soaring prices and 40-year-high inflation rates. The findings come from a third-quarter market perceptions study by Allianz Life Insurance of North America. The September survey of 1,004 workers found that 54% halted or reduced their 401k and other retirement savings between July and September. Perhaps more alarming, 43% admitted dipping into retirement nest eggs to cope with the higher cost of gas, utilities,...

November 1, 2022

Newssavings, US

01NovNovember 1, 2022

UK. Pension dashboards near live testing stage

The Pensions Dashboards Programme has moved into the testing of digital architecture phase, with more than 20 organisations taking part as early participants, programme principal Chris Curry has said. The next stage of the process will see early participants, including pension providers, schemes and integrated service providers, connecting to the “dashboards ecosystem”. In an update report on the programme, Curry said the central digital architecture has been completed and testing is now underway alongside the development of operational and technical standards. “Over...

November 1, 2022

NewsPension Management, Technology, UK

01NovNovember 1, 2022

México. Sistema de Ahorro para el Retiro, con retornos del 11%

Pese a las crisis económicas y los ajustes en los mercados, el Sistema de Ahorro para el Retiro (SAR) ha generado retornos cercanos al 11% en los últimos 25 años, señaló Sergio Méndez, CEO de BlackRock en México, empresa de gestión de inversiones. Dicho porcentaje aunado a un esquema regulado y transparente en el que el trabajador puede acceder al saldo de inversión y de retiro de manera fácil y ágil, “habla de un éxito” del sistema, agregó. Aunado a lo...

November 1, 2022

Noticias, NoticiasMexico, Rendimientos

01NovNovember 1, 2022

No haircuts for pension funds or anybody, says Ghana’s president

Ghanaian President Nana Akufo-Addo ruled out losses for bond investors as a result of negotiations with the IMF for a $3bn bailout. Talks with the IMF are “going well”, Akufo-Addo said in a speech broadcast on Sunday in the capital, Accra. The president criticised speculation in the West African nation predicting a so-called haircut for investors, which he said has triggered renewed selling of the cedi. “No individual or institutional investor, including pension funds, in government Treasury bills or instruments will...

November 1, 2022

NewsGhana, Investment

01NovNovember 1, 2022

Chile. No+AFP rechazó alcances de la Reforma Previsional: “Fortalece la capitalización individual”

En una declaración dirigida al mundo sindical, la Agrupación No + AFP cuestionó los detalles contenidos en la propuesta de reforma previsional impulsada por el Gobierno, tras una reunión con el equipo técnico de la Subsecretaría de Previsión Social, encabezada por Christian Larraín, y en la que también participaron el ex superintendente de Pensiones, Álvaro Galleguillos; CENDA y la Fundación Sol. Tras conocer los detalles de la iniciativa, que espera ser ingresada la próxima semana, valoraron el fortalecimiento del Instituto...

November 1, 2022

Noticias, NoticiasChile, Reforma de Pensiones

01NovNovember 1, 2022

Poor returns show why more pensions knowledge needed, says Denmark’s IPD

Danish industry association IPD said average market-rate pension savings in the Nordic country have fallen 14% so far this year, and such poor performance showed why people need more pensions knowledge. Kent Damsgaard, chief executive officer of Insurance & Pension Denmark (IPD), said: “The crisis and the poor returns in 2022 emphasise why it is so important that Danes know more about their pension schemes.” After many years of good returns, he said, people’s savings as well as their pension payouts...

November 1, 2022

NewsDenmark, Financial Education, Returns

01NovNovember 1, 2022

Perú. El Estado debe casi S/ 15.000 millones a afiliados al Sistema Privado de Pensiones

La deuda que mantiene el Estado, entre entidades del Gobierno nacional, gobiernos regionales y municipales, con trabajadores afiliados al Sistema Privado de Pensiones (SPP), asciende a S/ 14.971 millones 032.456, según el último reporte a septiembre 2022, elaborado por la Asociación de Administradoras de Fondos de Pensiones. Son 2.565 instituciones públicas las que descontaron mensualmente el sueldo de sus trabajadores y no lo depositaron en sus cuentas individuales de capitalización en la AFP correspondiente, perjudicando su derecho a la seguridad...

November 1, 2022

Noticias, NoticiasAdministración de Pensiones, Inversión, Perú

01NovNovember 1, 2022

Flat returns for Canadian DB pension plans in Q3 amidst equity market losses

Canadian DB pensions in the RBC Investor & Treasury Services All Plan Universe gained 0.5% in Q3, bringing the year-to-date return to -13.7% for the period ending September 30, 2022. Niki Zaphiratos, Managing Director, Asset Owners, RBC Investor & Treasury Services, said, "Pensions experienced a temporary reprieve in July as the global markets rallied sharply. This rather short-lived change in market sentiment was based mostly on the assumption that the central banks' actions would help control inflationary pressures. We then...

November 1, 2022

NewsCanada, Returns

November 2022