September 2022
05Sep

$23.6 trillion in assets sets record for plans

World's largest retirement plans grow 8.9% as the era of easy money ends Assets of the world's 300 largest retirement plans rose 8.9% last year to a record $23.6 trillion, in what could prove a bittersweet end to an unprecedented era of easy money, according to the latest annual survey by Pensions & Investments and Willis Towers Watson PLC's Thinking Ahead Institute. Last year's healthy gain was smaller than the 11.5% surge logged in 2020, when policymakers around the world put...

September 5, 2022
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05Sep

Philippines. Reforming the private pension system

The Philippine private pension system has serious flaws that need to be fixed. It is not portable, not funded, not adequate, not actuarially fair, not sustainable. As a consequence, it does not ensure the continued well-being or provide a comfortable living for our retirees, especially future retirees coming from the millennial workforce and the next generation. Based on a 2018 study by the Philippine Institute for Development Studies (PIDS), the Philippines will be an ‘aging population’ by 2032 when 7...

September 5, 2022
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05Sep

UK. Why the gig economy deserves better options for protection

For many people who consider going freelance or self-employed, added flexibility is usually the main driver. But other things you normally take for granted suddenly become more complicated, including the lack of a safety net from your employer if you happen to fall ill. The LV= Wealth and Wellbeing Monitor found that 64 per cent of working UK adults were worried about losing income if they were unable to work. A central worry was how to pay the bills and...

September 5, 2022
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02Sep

España. La Seguridad Social confirma el nuevo aumento en la edad de jubilación para 2023

La sostenibilidad del sistema de pensiones en los próximos años requiere de un aumento progresivo de la edad ordinaria de jubilación La edad ordinaria de jubilación en España es un aspecto que preocupa especialmente a los trabajadores que se encuentran en el último tramo de su vida laboral y desean pasar a cobrar la pensión contributiva de la Seguridad Social. Para ello, es preciso cobrar una serie de requisitos. Recientemente, la Seguridad Social ha confirmado que la edad ordinaria de jubilación...

September 2, 2022
Noticias, Noticias,
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02Sep

México. Telmex ofrece a sindicato plan pensiones más atractivo para nuevos empleados

La empresa y su sindicato vienen negociando hace semanas, después que los trabajadores iniciaran una huelga que fue desactivada rápidamente. Se volverán a juntar el 20 de septiembre. Telmex, la empresa mexicana de telecomunicaciones controlada por la familia del magnate Carlos Slim, envió el miércoles a los trabajadores sindicalizados una nueva propuesta que incluía mejoras en prestaciones de jubilación para nuevo personal. En un documento de la empresa compartido con los trabajadores sindicalizados y visto por Reuters, los nuevos contratados obtendrían...

September 2, 2022
Noticias, Noticias
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02Sep

Preocupa que la reforma tributaria afecte el ahorro de los colombianos: Asofondos

El representante de los fondos de pensiones señaló que se debe garantizar el mínimo vital de los afiliados a las pensiones. El presidente de la Asociación Colombiana de Administradoras de Fondos de Pensiones y de Cesantías (Asofondos) Santiago Montenegro, mostró su preocupación por los efectos que a su jucio dejaría el proyecto de Reforma Tributaria que se alista en el país. En el marco del debate de las Comisiones Terceras conjuntas del Senado y la Cámara de Representantes, Montenegro dijo que...

September 2, 2022
Noticias, Noticias,
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02Sep

UK pension funds lose case to block RPI inflation change

A British court on Thursday rejected an application from major pension funds to overturn authorities' plans to reform the Retail Prices Index (RPI) measure of inflation. "The application for judicial review is dismissed," London's High Court of Justice said in its judgment. The pension funds, including those of BT (BT.L), Marks and Spencer (MKS.L) and Ford (F.N), had brought the case for judicial review against the UK Statistics Authority regulator and Britain's finance minister. RPI, which dates back to the 1940s and...

September 2, 2022
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02Sep

Japan’s GPIF joins GRESB as infrastructure investor member

Japan's Government Pension Investment Fund joined GRESB, the standardized benchmark and data provider for the ESG performance of real asset segments, including real estate and infrastructure, as the its first Japanese infrastructure investor member. The ¥193 trillion ($1.41 trillion), Tokyo-based retirement fund, in a news release Thursday, said it joined GRESB "in order to encourage the disclosure of ESG information and promote constructive dialogue with investment managers." GPIF said it advises managers to use GRESB assessment in their infrastructure investment and...

September 2, 2022
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02Sep

US. Florida Retirement System returns -6.3% for fiscal year

Florida Retirement System, Tallahassee, returned a net -6.3% for the fiscal year ended June 30. The $180 billion pension fund's return exceeded the benchmark return of -9.1% for the period, according to a performance report on the website of the Florida State Board of Administration, which oversees the pension fund's investments. For the three, five and 10 years ended June 30, the pension fund returned an annualized net 7.7%, 7.7% and 8.6%, respectively, above the respective benchmarks of 5.7%, 6.2% and...

September 2, 2022
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02Sep

The National Landscape of State Retirement Benefits

By Jonathan Moody, Anthony Randazzo Retirement security is ultimately about retirement income. Families and individuals want to know that during their retirement years they will have enough weekly, monthly, or annual income to live comfortably and meet their basic needs. Of course, many people aspire to more than just the basics. Ask even a handful of individuals about how they want to live in retirement, and you’ll hear a wide range of preferences. Expenses can vary from family-to-family, too, depending on housing, health...

September 2, 2022
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