September 2022
06Sep

Strong dollar boosts some plans, but hurts others

A stronger dollar made U.S. funds the standout performers in Pensions & Investments and Willis Towers Watson PLC's Thinking Ahead Institute's latest tally of the world's 300 largest retirement funds, and made itself felt across a range of key survey results. For example, in prior surveys, bigger retirement funds consistently outperformed smaller funds. And for the five years ended Dec. 31, the 20 biggest retirement funds had annualized gains of 8.8%, ahead of the broader 300's 8.5% gains. But with currency...

September 6, 2022
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06Sep

UK. Younger savers express adequacy concerns; cost of living limiting saving ability

Nearly a third (32 per cent) of 18–34-year-olds know that they should be saving more for their retirement, with only 16 per cent believing that their savings are on track for a comfortable retirement, research from Wealth at Work has found. In addition to this, more than a fifth (21 per cent) of young savers have no idea how much their pension is worth and almost a quarter (24 per cent) have no idea how much they will need to...

September 6, 2022
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06Sep

Ghana. Pensions industry loses US$800 million in 2 years to weakening cedi

The Executive Secretary said although the cedi value of assets under management (AUM) has increased, the dollar value of those assets has fallen. Detailing the situation in an interview with the B&FT, Mr. Esso said: “The effect of the [local] currency’s depreciation has affected the assets under management in the pensions industry. In 2020 the industry in cedi terms was about GH¢22billion, and when you juxtapose that with the dollar there was about US$3.8billion. “Currently, we are looking at an estimate...

September 6, 2022
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06Sep

Portugal’s PM announces aid for pensioners and families amid inflation crisis

The President of the Republic, Marcelo Rebelo de Sousa, has already promulgated the Government's decree establishing exceptional support measures for families to mitigate the effects of inflation. According to a note published on the official website of the Presidency of the Republic, the Head of State also promulgated the Government's decree allowing the return of gas for consumers with an annual consumption of less than or equal to 10,000 m3 to the regulated tariff regime. This note was released by the...

September 6, 2022
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06Sep

The world’s largest retirement funds: 2022

Ranked by total assets, in millions. U.S. fund data are as of Sept. 30, 2021, from the P&I 1,000, published Feb. 14; non-U.S. fund data are as of Dec. 31, unless otherwise noted. Defined benefit and defined contribution breakouts were not available or applicable to all non-U.S. funds. Rank Fund Country Assets DB assets DC assets 1 Government Pension Investment Japan $1,730,900 $1,730,900 2 Government Pension Fund Norway $1,437,111 3 National Pension South Korea $797,968 $797,968 4 Federal Retirement Thrift U.S. $774,176 $774,176 5 ABP Netherlands $630,358 $630,358 Read More @Pionline 570 views

September 6, 2022
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05Sep

Carlos Slim propone jubilación a los 75 años y semanas de 3 días laborales

Carlos Slim reiteró una propuesta que ya ha planteado en otras ocasiones: la jubilación debe ser a los 75 años. El viernes pasado, Carlos Slim, en el marco del evento organizado por la Fundación Telmex, “México Siglo XXI”, reiteró una propuesta que ya ha planteado en otras ocasiones: la jubilación debe ser a los 75 años. El presidente honorario de Grupo Carso señaló que esta circunstancia se combinaría con la semana laboral de 3 días con jornadas de 11 horas por...

September 5, 2022
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05Sep

Resultados plebiscito de Chile 2022: 62% rechaza la nueva Constitución

Este domingo se llevó a cabo la votación para la creación de una nueva constitución en Chile, propuesta por el presidente Gabriel Boric. El rechazo a la nueva constitución de Chile alcanzaba el domingo el 62 por ciento, según el conteo oficial preliminar, mientras la aprobación sumaba 38 por ciento. De mantenerse esta ventaja, permanecerá vigente la carta magna impuesta por la dictadura militar hace 41 años. El resultado del plebiscito informado por el autónomo Servicio Electoral de Chile (SERVEL) —que...

September 5, 2022
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05Sep

Objetivos y opciones de reforma del sistema de pensiones de la República Dominicana

La República Dominicana se ha quedado rezagada al no aplicar las reformas estructurales y paramétricas recomendadas El desplome reciente de las tasas reales de interés de la cartera de inversiones de las AFP muestra la vulnerabilidad de las pensiones en los modelos de capitalización individual, mientras en sistemas de reparto o de beneficio definido el impacto de la inflación solo tiene un efecto marginal. Esto así porque en el sistema de beneficios definidos (reparto) los aportes corrientes financian las pensiones de...

September 5, 2022
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05Sep

US. ESG, CIOs on crash course with politics

How 'woke' a public pension plan portfolio is depends on which state it's located in As executives and trustees of public pension plans navigate the balance between political demands and fiduciary duties, they are encountering legislators and governors to the right and the left telling them what they must do or cannot do, but without offering much guidance on how to do it while still setting deadlines for action. Often depending on the political color of the state, public pension executives...

September 5, 2022
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05Sep

UK. What policies will Liz Truss pursue as Britain’s new prime minister?

Truss set out a series of proposals during Tory leadership contest, but what can and will she deliver in office? The policy focus of a Truss prime ministership will, inevitably, be largely a work in progress, given she is taking office amid a hugely turbulent economic period. But during a long leadership campaign the new PM has set out a series of proposals and plans for government: Taxation and cost of living Truss’s clear economic priority is to cut taxes, a move...

September 5, 2022
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