August 2022
29Aug

Perú. AFP: afiliados retiran en promedio S/6,500, pues se han quedado sin fondos

El sexto retiro de los fondos de las AFP continúa en marcha. De acuerdo con el cronograma, el 10 de setiembre vence el plazo para que las personas puedan acceder hasta las 4 UIT (S/18,400). ¿Cómo va el proceso? El gerente de AFP Integra, Aldo Ferrini, explicó que el monto solicitado hasta la fecha, al menos en la administradora que representa, asciende al 65% del total de lo que se podía acceder. “En nuestro caso, se podía acceder a alrededor de...

August 29, 2022
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29Aug

Nigeria. PenCom to provide health insurance for micro pension contributors

The National Pension Commission (PenCom) says it is planning to provide incentives to contributors under the micro pension plan (MPP). The commission said incentives such as health insurance would increase participation in the scheme. Aisha Dahir-Umar, director-general of PenCom, said this at a recent workshop for journalists in Abuja. Dahir-Umar said the MPP was implemented to curb old-age poverty by assisting informal sector workers, including small-scale businesses, entertainers, professionals, petty traders, and others. Also you may interesting in Japan’s GPIF joins GRESB as infrastructure...

August 29, 2022
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29Aug

Germany debates raising retirement age to 70

Germany is reporting a record number of job vacancies in the first quarter of this year the number jumped to an unprecedented 1.74 million open positions. That number was the highest since reunification 30 years ago. At the same time, Germany also has a record shortage of young people. According to the Federal Statistics Office in July, only 10% of the population is aged between 15 and 24, compared to 20% over the age of 65. The country's birth rate is too low to compensate for...

August 29, 2022
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29Aug

México requiere un presupuesto con perspectiva de género

Cuando a la mayoría de la población le va bien, al país le va bien. En México el 51% de la población somos mujeres, según el último censo del INEGI. Por tanto, el presupuesto y las políticas públicas que se financian deberían beneficiar a la mayoría de la población, es decir, a las mujeres. En el Presupuesto de Egresos de la Federación 2022 existe un anexo transversal que reconoce los programas presupuestarios y el financiamiento destinados a la igualdad entre...

August 29, 2022
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29Aug

Technology can turn Asia’s ageing population problem into a longevity dividend

The Covid-19 pandemic has prompted a fundamental shift in attitudes towards technology in the workplace. Concerns that computers would render workers obsolete are giving way to the appreciation that technology could free humanity from mundane tasks and enable more flexible ways of working and interaction. Crucially, digital technology will help keep older workers in employment and bring retirees back by permitting more flexible work arrangements and reducing the physical or cognitive demands of certain jobs. If mindsets can change, these...

August 29, 2022
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29Aug

UK. Andy Bell: Common sense failure risks good work on pension transfers

By  Andy Bell In December last year I wrote in Money Marketing that new regulations designed to protect savers from pension scams would only work properly if common sense was applied by schemes administering transfers. Sadly, in certain parts of the industry, it appears ‘common sense’ is an alien concept, and it looks increasingly likely the rules will need to be revisited to ensure legitimate transfers aren’t slowed to a crawl or blocked altogether. Pension transfer scams As a reminder, this saga started...

August 29, 2022
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26Aug

Mercer’s Asia Retirement Survey Report

By Mercer Conducted over 2019 to 2021, this series leverages our client base across Asia, and aims to bring together common issues in retirement security that Asia business leaders, HR and Finance partners can take action on. In combination, we have surveyed views from more than 700 employers from all industries, with responsibility for the well-being of over 120,000 employees. Get the report here

August 26, 2022
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26Aug

The Health and Retirement Study. Aging in the 21st Century. Challenges and Opportunities for Americans

By Survey Research Center. Institute for Social Research University of Michigan Published in 2006, the first HRS data book sought to introduce the world to the HRS by describing the study’s innovative design and content and providing some early findings within the main content areas of health, work and retirement, income and wealth, and family connections. In the decade since, the HRS has built on its foundation of innovation, pioneering in new directions and increasing the data’s value and relevance. The...

August 26, 2022
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26Aug

ESG and Private Market Assets: UK, EU, and Australian Investors Shifting the Trillions (2022 – 2026)

By M. Nicolas J. Firzli, Nick Sherry & Guan Seng Khoo The co-authors of the article, are amongst the original coiners of term such as “infrastructure as an asset class” and “pension superpowers.” They also predicted, at the onset of the Covid Crisis, that a “historic realignment on the asset allocation front is happening precisely at the moment when ESG is moving centre stage: even in once staunchly neoliberal jurisdictions like Texas, Alaska or Switzerland, the smart money is betting on...

August 26, 2022
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26Aug

State and Local Government Employees Without Social Security Coverage: What Percentage Will Earn Pension Benefits that Fall Short of Social Security Equivalence?

By Jean-Pierre Aubry, Siyan Liu, Alicia H. Munnell, Laura Quinby & Glenn Springstead Social Security is designed to provide a base of retirement income, to be supplemented in part by employer-sponsored retirement plans. However, approximately one-quarter of state and local government employees are not covered by Social Security, which federal law allows if their employer-provided plans provide comparable benefits. Yet many public pensions are less generous for recent hires, raising questions of whether those plans will still provide Social Security–equivalent benefits....

August 26, 2022
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