admin, Author at Pension Policy International

19OctOctober 19, 2022

Dutch central bank urges pension funds to guard against UK-style crisis

The Dutch central bank is calling on the country’s pension funds to consider boosting holdings of cash and other liquid assets to ensure that they can avoid the turmoil that has hit the UK. Officials at the De Nederlandsche Bank have asked local retirement funds to check for signs of stress, recommending that they review liquidity rules and report on any need for fire sales of assets, people briefed on the matter told the Financial Times. The move comes as UK...

October 19, 2022

NewsNetherlands, Regulation, Risk

19OctOctober 19, 2022

NYC Comptroller Introduces New Transparency Dashboard to View Pension Fund Assets and Performance

New York City Comptroller Brad Lander unveiled today a new interactive website that allows pension beneficiaries and the public to view asset allocation and performance for the City’s five public pension funds which guarantee retirement security for city workers. Together, the New York City Employees’ Retirement System, Teachers’ Retirement System, Police Pension Fund, Fire Department Pension Fund, and Board of Education Retirement System have approximately $242 billion in assets under management across all asset classes as of August 31,...

October 19, 2022

NewsCorporate Governance, Investment, US

19OctOctober 19, 2022

A leisurely retirement is further out of reach for most South Africans

Retirement. What does the word mean to you? For the enviable few who have built up a decent nest egg, retirement represents a life of leisure as compensation for years worked. But that is not the reality for most South Africans. When 10X Investments published its first South African Retirement Reality Report in 2018, it highlighted how poorly prepared working South Africans were for retirement. Subsequent reports, including the latest, released recently, have shown that the outlook is worsening by...

October 19, 2022

NewsPension design, savings, South Africa

19OctOctober 19, 2022

Perú. Sistema de pensiones: retiros masivos de fondos generan caída en ranking global

Los retiros de fondos de las AFP han ocasionado que el sistema de pensiones peruano sufra una caída en el Ranking Global de Mercer y el CFA Institute. El acceso desmedido a los ahorros previsionales ha comprometido ampliamente y de manera grave la sostenibilidad financiera del sistema, explicó David Cuervo, director de la Unidad de Negocio, Bienestar Financiero y Patrimonial (Wealth) para Mercer Andina, CA y Caribe. “La autorización del nuevo retiro de dinero de los fondos de pensiones privados se...

October 19, 2022

Noticias, NoticiasPerú, Retiro de Fondos, Suficiencia

19OctOctober 19, 2022

Reivindica Boric alzamiento popular en Chile

Se cumplieron tres años del estallido social del 18 de octubre de 2019 en Chile y el presidente Gabriel Boric hizo de la fecha ocasión para reivindicar el alzamiento popular en demanda de transformaciones estructurales, pero condenando los numerosos actos de violencia que lo acompañaron, incluida la destemplada represión policial, al tiempo que pidió a la oposición avanzar urgentemente en las reformas que ataquen las graves carencias que lo provocaron. "Hace tres años miles de personas se manifestaron expresando un...

October 19, 2022

Noticias, NoticiasChile, Reforma de Pensiones

19OctOctober 19, 2022

El futuro de la vejez en México

Benigno López, vicepresidente de Sectores y Conocimiento del Banco Interamericano de Desarrollo habló de lo que depara en el futuro y la importancia de Reformas conjuntas a los sistemas de pensiones. En su artículo recuerda que a nadie le gusta imaginarse viejo. Sin embargo, millones de personas suben fotos a aplicaciones como AgeingBooth y FaceApp que usan inteligencia artificial para “envejecer” un rostro. Más allá de las temidas canas y arrugas, estas imágenes nos invitan a ponderar otras incógnitas. ¿Cuál será...

October 19, 2022

Noticias, NoticiasAhorro, Envejecimiento, Mexico, Pensiones Privadas, Pensiones Públicas

18OctOctober 18, 2022

How Pension Plans Evolved Out of the Great Financial Crisis

Despite the recession and subsequent loss of assets value, pensions plans continued to pay out over a trillion dollars in benefits to stakeholders over the recessionary era. Public pension funds were not spared from the carnage of the Great Financial Crisis, as assets and funding statuses eroded between December 2007 and June 2009. From 2009-2013, there was a significant dip in the aggregate percentage of required contributions paid. When the economy recovered, states and other plan sponsors normalized their contribution...

October 18, 2022

NewsSystem Characterization, US

18OctOctober 18, 2022

Colombia. Expertos indican la necesidad de una reforma pensional

Según el más reciente Índice Global de Pensiones de Mercer CFA Institute 2022, Colombia está a la espera de considerar una Reforma pensional en Colombia que contemple beneficios del régimen público y los de un sistema de capitalización individual. Según la decimocuarta edición anual del Mercer CFA Institute Global Pension Index (MCGPI), elaborado por Mercer y el CFA Institute, una vez más, el sistema previsional de Islandia encabeza la lista, mientras que Holanda y Dinamarca conservan el segundo y tercer...

October 18, 2022

Noticias, NoticiasColombia, Reforma de Pensiones

18OctOctober 18, 2022

Returns on Kenya’s pension fund beat inflation as income surges

Kenya’s National Social Security Fund (NSSF) has paid an interest of 10% on retirement savings in the year ended June 30, 2021, up from 7% a year earlier, Business Daily newspaper reported. Read also Kenya. Pension-backed housing starts dimly amid calls for its overhaul The interest payout, considered the largest on the retirement savings in seven years, comes from a 237% rise in net investment income to 32.3 billion Shillings ($267.72 million), supported by dividends from Nairobi Securities Exchange-listed firms. NSSF returns...

October 18, 2022

NewsKenya, Pension Management, Returns

18OctOctober 18, 2022

Swiss parliament committee votes for compensatory measures to reform second pillar pensions

The social security and health committee of the Council of States (SGK-S), the upper house of the Swiss parliament, voted in favour of a proposal to change the second pillar pension system at its meeting last Friday. After in-depth analysis, and disagreements before the summer break, the committee has supported the idea to compensate the first 15 cohorts retiring after the reform enters into force for the reduction of the conversion rate – Umwandlugssatz – used to calculate pension pay-outs,...

October 18, 2022

NewsPension Reform, Switzerland

October 2022