admin, Author at Pension Policy International

13SepSeptember 13, 2022

Bolivia begins the transition to its new state pension system

The Bolivian Government began the transition to its new state pension system with the announcement of the activities of the Public Manager, a nationalization process that had been announced twelve years ago and that began this Friday with registration of new contributors. The President of Bolivia, Luis Arce, together with the Minister of Economy, Marcelo Montenegro, made official the partial start of the activities of the Public Manager in the administration of the Contributory and Semi-contributory Regimes of the Comprehensive...

September 13, 2022

NewsBolivia, Pension Reform

13SepSeptember 13, 2022

How ESG investing got tangled up in America’s culture wars

A growing number of Republican politicians are moving to penalize Wall Street investors who consider environmental, social and governance (ESG) issues when they decide where to put clients' money. In Florida, a state board chaired by Gov. Ron DeSantis recently barred investment fund managers and advisors from considering "social, political, or ideological interests" when making decisions for Florida's retirement system. In Texas and West Virginia, GOP leaders say they will block investors from state business who they claim "boycott" the...

September 13, 2022

NewsESG, US

13SepSeptember 13, 2022

French retirement spending threatens deficit targets, pension panel says

France's public spending on pensions as currently planned threatens President Emmanuel Macron's deficit-reduction targets, an independent retirement system panel said in a report to be released later this week. Macron's government aims to reduce the public sector budget deficit to below a European Union ceiling of 3% of economic output in 2027 from 5% this year. To reach that target, Finance Minister Bruno Le Maire aims to keep annual real public spending growth over the period to 0.6% on average, which...

September 13, 2022

NewsFrance, Pension Reform

13SepSeptember 13, 2022

Demographic change impacting asset allocation

Aging populations and advances in technology influencing investment strategies Changing demographics are having a significant impact on asset allocation, latest research by BNP Paribas Asset Management (BNPP AM) shows. The asset manager's survey - conducted in association with Coalition Greenwich - questioned 135 institutional and intermediary investors across Europe, Asia and the US. The findings revealed just under four-fifths (78%) of European investors believe that changing demographics factors had already had an impact on asset allocation, along with 83% of Asian investors....

September 13, 2022

NewsAging, Investing

13SepSeptember 13, 2022

UK. Opperman: 12mn people are under-saving for retirement

Pensions minister Guy Opperman has told MPs that around 12mn people are under-saving for their retirement, accounting for 38 per cent of the nation’s working age population. The revelation surfaced in a letter to Work and Pensions Committee chair Stephen Timms, whose committee is carrying out an inquiry into “saving for later life”, which is examining pensions adequacy, including specific focus on the gender pensions gap and gig economy workers. Timms had asked the pensions minister, in a letter dated July...

September 13, 2022

Newssavings, UK

12SepSeptember 12, 2022

Colombia. Fedesarrollo: alarmas y alivios con tributaria

Su director Luis Fernando Mejía analiza las consecuencias en la inversión, las pensiones y el gasto. Para Luis Fernando Mejía, director de Fedesarrollo, de aprobarse la reforma tributaria como está podría generarse un problema de crecimiento económico y de recaudo. Sus opiniones son muy importantes, no solo porque Fedesarrollo es un gran think tank, sino porque usted fue uno de los nombres que sonó para el ministro de Hacienda. Y quién sabe qué siga. Cree que la reforma recoge varias...

September 12, 2022

Noticias, NoticiasColombia, Sostenibilidad del Sistema

12SepSeptember 12, 2022

India. Universal Pension Scheme: New EPFO scheme may cover unorganised workers

If the scheme gets approved, the unorganised sector workers will put in a fixed amount with a flexibility of making voluntary payments. The Employees’ Provident Fund Organisation (EPFO) may extend its pension scheme to workers from both organised and unorganised sectors, irrespective of their monthly income, the Financial Express reported. The proposed scheme is likely to be based on individual contribution. The government, through this scheme, seeks to ensure a minimum pension of Rs 3,000 a month after reaching 60 years...

September 12, 2022

NewsCoverage, India, Social Protection, Voluntary Savings

12SepSeptember 12, 2022

UK. TPR and ICO urged to align ‘unintentionally conflicting’ guidance

Guidance from The Pensions Regulator (TPR) and the Information Commissioner’s Office (ICO) should be better aligned and expressly refer to the specific intricacies of the pensions sector, the Universities Superannuation Scheme (USS) has said. In written evidence to the Work and Pensions Committee, the USS warned that it has faced a number of challenges in ensuring its ongoing compliance with the requirements of the Privacy and Electronic Communications Regulations (PECR). In particular, the USS highlighted barriers in relation to the current...

September 12, 2022

NewsRegulation, UK

12SepSeptember 12, 2022

Greek PM says pensions to rise for first time in more than a decade

Greek Prime Minister Kyriakos Mitsotakis said on Saturday the minimum wage would rise again next year and pensions would be increased for the first time since the financial crisis erupted more than a decade ago. During his annual economic policy speech from the northern city of Thessaloniki, Mitsotakis said about 1.5 million pensioners would benefit from the increase. Read also Demographic change impacting asset allocation The conservative premier, who faces parliamentary elections in 2023, also announced a 1.8 billion euros ($1.8 billion)...

September 12, 2022

NewsGreece, Public Pensions

09SepSeptember 9, 2022

México. IMSS y CONSAR firman convenio en materia de pensiones y ahorro para el retiro

El Instituto Mexicano del Seguro Social (IMSS) y la Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) firmaron un convenio en materia de pensiones y ahorro para el retiro que permita mejorar los trámites en beneficio de las y los trabajadores. En la sala del H. Consejo Técnico del IMSS, suscribieron el acuerdo entre el director general del Seguro Social, maestro Zoé Robledo, y el presidente de la CONSAR, doctor Iván Pliego Moreno. Explicaron que la finalidad es recibir...

September 9, 2022

Noticias, NoticiasMexico, Operaciones, Pago de Pensiones

September 2022