admin, Author at Pension Policy International

21OctOctober 21, 2022

Nearly 70% Chinese elderly intend to return to workplace after retirement: report

A latest report shows that 68 percent of surveyed senior citizens in China intend to return to the workplace after retirement while 30 percent of the interviewees say they have economic pressure. Experts said it's a normal and beneficial phenomenon given the slow growth of pension in recent years and labor shortages in some industries. The survey report on the post-retirement employment of senior citizens released by Chinese recruitment website 51job.com on Monday reveals that 34.4 percent of elderly...

October 21, 2022

NewsAging, China, Labor Market

21OctOctober 21, 2022

Ghana. Public Sector Workers warn government not to touch pension funds in debt restructuring

The Forum for Public Sector Associations and Unions has asked the government not to apply a “haircut” to Tier 2 Pension Funds as part of a “probable” debt restructuring programme. The Forum said it had taken note of media reports suggesting that about 94 per cent of Tier 2 Pension contributions placed in government securities might be affected by the said debt restructuring agenda. At a press conference in Accra today, Thursday, October 20, 2022, Mr Isaac Bampoe Addo, Chairman of...

October 21, 2022

NewsGhana, Public Pensions

21OctOctober 21, 2022

México. ¿Puede el Machine Learning ayudar a las Afores?

Desde 1997, opera en México el sistema de pensiones de contribución definida. A través de cuentas individuales (Afores), los fondos de las aportaciones realizadas por el patrón, el trabajador y el gobierno se invierten en diversos instrumentos financieros, tanto en el mercado mexicano como en los mercados internacionales, a través de fondos de pensiones denominados SIEFORE. La introducción del esquema de pensiones de contribución definida en varios países, promovida por el Banco Mundial a mediados de la década de 1990,...

October 21, 2022

Noticias, NoticiasAhorro, Inversión, Mexico, Tecnología

21OctOctober 21, 2022

Kenya. Pension-backed housing starts dimly amid calls for its overhaul

Access to affordable housing is a challenge to many public and private sector employees who retire without a home, despite having worked and saved towards a pension. One of the initiatives by the government to increase access to housing was by amending the Retirement Benefits Act (RBA) to allow pension funds to be used as collateral for the purchase of a home. The move was billed as a silver bullet in enabling civil servants and workers to own homes. And two years...

October 21, 2022

NewsKenya, savings

20OctOctober 20, 2022

México. Uno de cada cuatro han retirado recursos de su Afore para hacer frente a la actual crisis

En dos años y nueve meses alrededor de 5 millones de mexicanos se han visto obligados a utilizar parte del ahorro que tienen en su Afore para su vejez, revelan datos oficiales. Lo anterior, con el propósito de hacer frente a una complicada situación económica que dio inicio con la pandemia, continuó con la guerra entre Rusia y Ucrania y se ha extendido con los elevados niveles de inflación. Cifras de la Comisión Nacional del Sistema de Ahorro para el...

October 20, 2022

Noticias, NoticiasMexico, Retiro de Fondos

20OctOctober 20, 2022

Liz Truss commits to triple lock but then resigns as UK’s Prime Minister

The prime minister has resigned after 44 days in the role. In a statement outside 10 Downing Street today (October 20), Liz Truss said: “I came into office at a time of great economic and political instability…I cannot deliver the mandate.” Read also U.K. Pensions Doom Loop May Not Be Over Truss was told to quit by senior Tory members, according to the FT, the day after the home secretary, Suella Braverman, quit the government and used her resignation letter to issue...

October 20, 2022

NewsPublic Pensions, System sustainability, UK

20OctOctober 20, 2022

EU urged to help pension funds on margin calls stress

Derivatives trade body calls for access to central bank-backed facility to avoid fire-sales European pension funds should have access to a central bank-backed facility as a last resort to help them avoid the fire-sale of assets forced on UK pension managers, the derivatives industry’s main trade body has said. Read also Dutch central bank urges pension funds to guard against UK-style crisis The International Swaps and Derivatives Association (Isda) on Wednesday called for a system that would allow pension funds to more...

October 20, 2022

NewsEU, Pension Management, Regulation

20OctOctober 20, 2022

Panamá. Crisis en la CSS también involucra a los jóvenes

La visión de tres profesionales menores de 40 años. Hablan de la necesidad de generar confianza, a través de cambios reales, para incentivar la cotización de los trabajadores que desean ahorrar. La crisis que enfrenta el sistema de pensiones de la Caja de Seguro Social (CSS) no es tema exclusivo del Estado y de los actuales jubilados. La incertidumbre que genera la falta de fondos y la inminente quiebra del subsistema exclusivamente de beneficio definido de Invalidez, Vejez y Muerte (IVM)...

October 20, 2022

Noticias, NoticiasPanamá, Sostenibilidad del Sistema

20OctOctober 20, 2022

Global pension systems, including Singapore’s CPF, face issue of getting platform workers on board

While Singapore’s Central Provident Fund (CPF) is among the top-ranked retirement income systems in the world, there is room to nudge the informal workforce, such as platform workers, into contributing more to the national savings scheme. This issue was raised by panellists during a webinar on Tuesday to discuss the findings of the Mercer CFA Institute Global Pension Index, which ranked the Republic ninth out of 44 retirement systems reviewed. Into its 14th year, the index placed Singapore’s retirement system as...

October 20, 2022

NewsCoverage, Informal Sector, Singapore

20OctOctober 20, 2022

How Sustainable Investing Can Impact Climate Change

Zach Stein, co-founder and CEO of Carbon Collective, a climate change-focused online investment advisor, talks about the three ways sustainable investing can make a positive impact on climate change, as well as the trends shaping the climate tech space. Stein also shares what more investment in climate-focused companies will lead to and the top companies investors may want to keep an eye on. What is the most important issue facing the world today? Climate change is the single most...

October 20, 2022

NewsClimate crisis, ESG, Investment

October 2022