admin, Author at Pension Policy International

19SepSeptember 19, 2022

France’s far right to oppose Macron’s pension reform, Le Pen warns

French far-right Rassemblement National leader Marine Le Pen said on Sunday that her party will vote against President Emmanuel Macron's pension reforms and against the 2023 budget. "We will oppose Emmanuel Macron's pension reform plans that are unfair and will divide (the country)," Le Pen told a party meeting in Cap d'Agde in southern France. Macron wants to start implementing the reforms, which mainly consist of a progressive rise to 65 of the legal retirement age, next summer. France's far right scored...

September 19, 2022

NewsFrance, Pension Reform

19SepSeptember 19, 2022

Australia. Millions to get cash boost

Millions of Australians are in for a welcome boost on Tuesday, with Centrelink payments set to rise in response to growing inflation. Centrelink payments will increase on Tuesday for millions of Australians as an indexation increase to match cost of living pressure kicks in. The payment increase is set to be the biggest in 30 years and will benefit aged pensioners, disability support pensioners, carers and those on JobSeeker and Rent Assistance among others. Single parents will receive an extra $35.20 per...

September 19, 2022

NewsAustralia, Public Pensions

19SepSeptember 19, 2022

US. Delivering on Sustainability in the Institutional Markets

Clear intentions and transparent actions support ESG alignment with institutional clients To ensure durability and sustainability in the institutional markets, all participants — from clients to asset managers, financial professionals and solution providers — should adopt both financial and environmental, social and governance (ESG) objectives with a long-term view. With many institutional investors using an ESG lens when they select and work with asset management and financial firms, they are interested both in how their asset managers incorporate ESG investing...

September 19, 2022

NewsESG, US

19SepSeptember 19, 2022

Protesters in Austria demand high salaries and bigger pensions

Across several Austrian cities people took to the streets to protest the high cost of living. According to workers unions organizing the event, more than 32,000 demonstrators participated on Saturday. "It's really hard for me to afford my apartment with the high gas and electricity prices," university student Alexandra Schwarz told CGTN at Vienna's Schweizergarten. "I can't afford groceries," another young woman added. Among higher salaries and bigger pensions, Austria's unions are demanding solidarity between their employers and the government. Many signs...

September 19, 2022

NewsAustria, Public Pensions

15SepSeptember 15, 2022

Colombia. Petro plantea bono de 113 dólares para adultos mayores sin pensión

El mandatario aclaró que dichos recursos no se obtendrán de los fondos privados de pensiones, como se rumoró en un inicio. "Las mesadas de adultos mayores hoy sin pensión se pagan del presupuesto nacional, que adquirirá una capacidad de hasta 18 billones de pesos anuales para este objetivo porque los cotizantes de fondos privados entrarán a Colpensiones hasta un porcentaje de su aporte. La parte de cotización que ingresa a Colpensiones le conferirá a su propietario asalariado derecho a la...

September 15, 2022

Noticias, NoticiasCobertura, Colombia, Pensiones Públicas

15SepSeptember 15, 2022

México. Las afores registraron minusvalías por 71,058 millones de pesos en agosto: Consar

Durante agosto, las administradoras de fondos para el retiro reportaron 71,058 millones de pesos en minusvalías. La minusvalía acumulada entre enero y agosto del 2022 suma 304,657 millones de pesos. Durante agosto, las administradoras de fondos para el retiro (afores) reportaron 71,058 millones de pesos en minusvalías, reportó la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar). La minusvalía acumulada entre enero y agosto del 2022 suma 304,657 millones de pesos. Las minusvalías reportadas entre enero-agosto representan el 83%...

September 15, 2022

Noticias, NoticiasAdministración de Pensiones, Mexico, Rendimientos

15SepSeptember 15, 2022

US. State treasurers, NYC react to ESG backlash

An open letter signed by 13 state treasurers and New York City's comptroller Wednesday takes aim at what they call the "political backlash" against ESG investing by public pension and related funds. "Several states in our country have started blacklisting financial firms that don't agree with their political views," said the letter signed by state treasurers from California, Colorado, Delaware, Illinois, Maine, Massachusetts, Nevada, New Mexico, Oregon, Rhode Island, Vermont, Washington and Wisconsin, and New York City Comptroller Brad Lander,...

September 15, 2022

NewsCorporate Governance, ESG, Pension Management, Regulation, US

15SepSeptember 15, 2022

Three Ways to Fix Latin America’s Public Finances

A former finance minister of Paraguay argues that feasible reforms can yield important results. Governments in Latin America and the Caribbean are facing a perfect storm of economic and social conditions as they seek to accelerate their post-pandemic recovery. Vulnerable communities need more help in the face of rising inequality and poverty. Health, education and other services need more resources. Governments must find a way to grow equitably and sustainably amid rising inflation, weaker world demand and high debt levels. The...

September 15, 2022

NewsInformal Sector, Labor Market, Latin America, Taxation

15SepSeptember 15, 2022

UK. CDC and ESG: A truly long-term game

This summer’s introduction of collective defined contribution pension schemes was a watershed moment for the industry. With the rules now laid out and the first scheme — Royal Mail — expected to be launched imminently, attention is turning to scheme design, and in particular investment portfolios. With environmental, social and governance factors now firmly at the centre of pension fund investment, many proponents of CDC believe that it is perfectly positioned to progress the responsible and sustainable investment cause to the...

September 15, 2022

NewsCDC, ESG, UK

14SepSeptember 14, 2022

Hispanic Americans deserve retirement security

By Maria French Originating in 1968 and enacted into law in 1988, National Hispanic Heritage Month is an opportunity to celebrate Hispanic Americans’ history and contributions and the influence they have had on American culture and society and to consider the future of the Latino community. Throughout modern history, Hispanic labor leaders like Cesar Chavez and Santiago Iglesias Pantin have contributed vastly to the labor movement by organizing workers and advocating for better pay and working conditions. Today, Americans with ancestry...

September 14, 2022

News, OP Ed, Op-EdLabor Market, Pension design, savings, Social Security, US

September 2022