admin, Author at Pension Policy International

30SepSeptember 30, 2022

Kenya. State to pay pension savings for 15m Jua Kali workers

The Kenya Kwanza regime has pledged to top up by half the retirement savings made by workers in the informal sector in an ambitious plan aimed at more than doubling national savings in the near term. President William Ruto said his administration will add a shilling for every Sh2 saved by workers outside the formal sector, up to Sh6,000 every year in a planned drive that targets more than 15 million workers in the Jua Kali sector. “We intend to overhaul...

September 30, 2022

NewsInformal Sector, Kenya

30SepSeptember 30, 2022

Sustainable finance policy a ‘blind spot’ for European pension funds

Some of Europe’s biggest pension funds are not actively engaged in emerging EU-level sustainable finance policy, according to climate think tank InfluenceMap. As reported by European Pensions, the research, which covered 25 of Europe’s largest pension funds and 10 national pension fund associations, found that only four of the 25 funds and five of the 10 associations showed ‘meaningful engagement’ with sustainable finance policy. InfluenceMap stated that these findings pointed to a potential ‘blind spot’ for the industry, which has shown...

September 30, 2022

NewsInformal Sector, Kenya

30SepSeptember 30, 2022

Ghana. SSNIT pension scheme continues to post negative return on investments; records -12.6% return in quarter 1 – Report

The Social Security and National Insurance Trust (SSNIT) pension scheme continued to post a negative real rate of return, recording -12.6% at the end of the first quarter of this year. According to the Financial Stability Review report by the Bank of Ghana, assets available for benefits of the SSNIT-managed Basic National Social Security Scheme (BNSSS) dropped marginally by 2.3% to ¢11.28 billion in March 2022 from the ¢11.54 billion recorde in 2021 Quarter 4. Also, though the private pensions industry...

September 30, 2022

NewsGhana, Investment, Pension Management

30SepSeptember 30, 2022

Behavioral Influences on Retirement Planning: Non-Financial Reasoning Affecting Retirement Outcomes

By Janet Aschkenasy The supposed rational logic of the market is no longer understood to exclusively motivate economic decision making. Behavioral economics is now a vital part of university curriculums. Both lay persons and professional retirement investors at times manage money on irrational behavioral factors. Janet Aschkenasy, a veteran business writer, discusses the insights of leading behavioral economics scholars and draws upon current research to describe "decision making" practices among individuals and retirement managers. Often higher investment returns are forfeited to a behavioral...

September 30, 2022

Books, Books, Investing, Savings2013, Behavioral Science, Pension design

30SepSeptember 30, 2022

Pension Insurance Corporation Group Limited. Annual Report and Accounts 2021

By Pension Insurance Corporation Group Limited PIC is a specialist insurer which has become a leader in the UK pension risk transfer market by focusing on our purpose: to pay the pensions of our current and future policyholders. We aim to balance the interests of all our stakeholders – policyholders, employees, shareholders, regulators and others – with excellence in customer service at the heart of what we do. Source @PensionCorporation 495 views

September 30, 2022

Books, Books, Pension Management2021, Investment, Risk, UK

30SepSeptember 30, 2022

The Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets

By Aizhan Anarkulova, Scott Cederburg, Michael S. O'Doherty & Richard W. Sias We use a comprehensive new dataset of asset-class returns in 38 developed countries to examine a popular class of retirement spending rules that prescribe annual withdrawals as a constant percentage of the retirement account balance. A 65-year-old couple willing to bear a 5% chance of financial ruin can withdraw just 2.26% per year, a rate materially lower than conventional advice (e.g., the 4% rule). Our estimates of failure...

September 30, 2022

Articles, Pension design2022, Pension Payout, Withdrawals

30SepSeptember 30, 2022

Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership

By Charles Yuji Horioka & Luigi Ventura In this paper, we use micro data on a large number of European countries from the Survey of Health, Ageing and Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the average wealth accumulation rate of the retired elderly in Europe is...

September 30, 2022

Adequacy, Articles, Savings2022, Europe, Pension Payout, Social Security

29SepSeptember 29, 2022

México. ¿Es posible la devolución de recursos de cuenta individual de ahorro para el retiro a personas en el extranjero?

La devolución de recursos de la cuenta individual de ahorro para el retiro a trabajadores que se encuentran en el extranjero puede resultar más complicada que para quienes están en territorio nacional, esto por los obstáculos que significan acudir hasta el país de origen. De ahí que sea válido plantearse la pregunta ¿el dinero se puede entregar a una persona que no sea el titular de la cuenta? Esta interrogante fue despejada por el Primer Tribunal Colegiado en Materia de...

September 29, 2022

Noticias, NoticiasMexico, Regulación, Retiro de Fondos

29SepSeptember 29, 2022

Marchan en Chile contra las AFP y ARS

Bajo la consigna "No más AFP" y "No más ARS", cientos de personas caminaron por las calles del Centro Histórico de Santiago de los Caballeros en contra de las Administradoras de Riesgos de Salud y de Fondos de Pensiones. La marcha salió de los alrededores del hospital regional universitario José María Cabral y Báez y culminó en el área del Monumento a los Héroes de la Restauración. Los manifestantes exigen pensiones dignas y salud más incluyente. El presidente del Colegio Médico Dominicano...

September 29, 2022

Noticias, NoticiasAdministración de Pensiones, Chile

29SepSeptember 29, 2022

BoE’s £65bn move driven by pension fund panic

The Bank of England stepped in to calm markets after some types of pension funds were at risk of collapse. It pledged to buy £65bn of government bonds after Friday's mini-budget sparked turmoil on financial markets and the pound plunged. Investors had demanded a much higher return for investing in government bonds, causing some to halve in value. Pension funds, which invest in bonds, were forced to start selling, sparking fears of a fresh market downturn. The Bank said its decision to buy...

September 29, 2022

NewsPension Management, Political economy, UK

September 2022