admin, Author at Pension Policy International

02AugAugust 2, 2022

US. Average Public Pension Assumed Rate of Return Hits 40-Year Low

The average investment return rate assumption for U.S. public pension funds has fallen below 7.0%, to its lowest level in more than 40 years, according to the National Association of State Retirement Administrators. Among the 131 funds that NASRA measured, more than half have reduced their investment return assumption since fiscal year 2020 as rising interest rates and other factors have contributed to more volatile investment returns. For the 30‐year period that ended in 2020, public pension funds accrued approximately $8.5...

August 2, 2022

News2022, Public Pensions, US

02AugAugust 2, 2022

UK. Oxford, FCA team up on sustainable finance lab

The U.K.'s Financial Conduct Authority is partnering with the Oxford Sustainable Finance Group on an innovation lab for ESG practitioners and regulators. Announced July 20, the Oxford Sustainable Finance Lab is scheduled to open in the fall at Oxford University in England. Oxford researchers will spend time with practitioners from financial institutions, regulators, central banks, government departments and professional organizations. The goal is "nurturing interactions between different parts of the financial system and (to) break down barriers between them, providing a...

August 2, 2022

News2022, ESG, Investment, Regulation

02AugAugust 2, 2022

Perú. 12 millones de trabajadores informales se incluirían en la reforma de pensiones del Gobierno

El Presidente de la República, Pedro Castillo, anunció en su mensaje a la nación del 28 de julio, que la reforma de pensiones del Gobierno, incluirá en el sistema previsional, a trabajadores informales, los cuales son predominante en el Perú. Asimismo, el mandatario recalcó que esta inclusión se dará bajo las condiciones actuales, en la que estos trabajadores no pueden acceder a un sistema de pensiones, ni tienen derecho a la salud. “Aspiramos a que todos los peruanos puedan gozar de...

August 2, 2022

Noticias2022, Perú, Reforma de Pensiones, Sector Informal

02AugAugust 2, 2022

South Africa. Two-pot system will not make any pension savings immediately available

A call from National Treasury for public comment on proposed changes to legislation, as part of the overhaul of SA’s retirement savings industry, discloses a very important aspect about accessing your pension fund in that members of pension and retirement funds will not be able to access their existing pension fund money once the new legislation comes into effect next year. In effect, the new ‘two-pot’ system seems to have evolved into a ‘three-pot’ system. The most recent statement from Treasury...

August 2, 2022

News2022, Pension design, South Africa, Withdrawals

02AugAugust 2, 2022

The evolution of sustainability in equity investing

Equity as an asset class has a long history rooted in sustainability and shareholder engagement. Even in the 19th century, equity investors used voting and engagement to influence how companies behave. Efficient use of capital, dividend policy, and strategy were typically on the agenda. In the 1970s, equity investors started considering ethical values, triggered by global abhorrence of South Africa’s apartheid regime. In the nineties, initial ethical screenings expanded to embed environmental, social and governance factors in capital market decisions....

August 2, 2022

News2022, ESG, Investment

02AugAugust 2, 2022

Colombia. Traslados pensionales: decreto favorecería a fondos privados en casos de afiliados que demandaron para irse a Colpensiones

Aunque algunos voceros del tema laboral que participan en representación del gobierno de Gustavo Petro, en el empalme con el de Iván Duque, ya habían mostrado su desacuerdo, un decreto que se publicó en el Ministerio de Trabajo para comentarios del público podría ser firmado a partir de este lunes 1 de agosto, pese a ir en contravía de una jurisprudencia de la Corte Suprema de Justicia y de causar un posible impacto sobre los recursos públicos, pues demandaría...

August 2, 2022

Noticias2022, Beneficio Definido, Colombia, Contribución Definida

02AugAugust 2, 2022

Canada’s CPPIB turns attention to stocks in hunt for value

Canada's $421 billion state pension fund has shifted its attention toward public equities from private deals after a sell-off in the first half boosted valuations, according to its top executive. Canada Pension Plan Investment Board is one of the world's largest institutional investors in private equity, with more than $100 billion invested directly in private companies and through funds. But in recent months, "we've been active in the public equity space, even in places like infrastructure and real estate," CEO...

August 2, 2022

NewsCanada, Investment, Pension Management

02AugAugust 2, 2022

Comienza a regir en Chile el nuevo salario mínimo de 450 dólares

Un nuevo e histórico aumento del salario mínimo comenzó a regir este lunes en Chile, llegando a 400 mil pesos (450 dólares) luego del alza acordada en mayo tras el acuerdo entre el Gobierno y la Central Unitaria de Trabajadores (CUT). Se trata del mayor aumento del salario mínimo registrado en los últimos 23 años, fijado tras las conversaciones entre el Ejecutivo y la central sindical más grande del país que pone a Chile a la vanguardia de América Latina,...

August 2, 2022

Noticias2022, Chile, Ingreso

01AugAugust 1, 2022

Pensión para algunos colombianos, en veremos: dicen quiénes no la tendrían y por qué

A pesar de que las cifras entregadas por el presidente Iván Duque dicen que las cifras de empleo en Colombia ya están igual que los tiempos prepandemia, el estudio de Asofondos, citado por Portafolio, señala que el mercado laboral no termina de sobreponerse a ese difícil año. Un ejemplo claro de ello es que las cifras arrojadas en el primer trimestre del año, pese a la recuperación que sí se ve, muestran que la actividad laboral para personas entre los...

August 1, 2022

Noticias2022, Colombia, Ingreso, Suficiencia

01AugAugust 1, 2022

Collective defined contribution schemes launch in Great Britain

Providers in Great Britain are now able to apply to launch collective defined contribution schemes, a development hailed by pensions minister Guy Opperman for its potential to “transform the UK pensions landscape”. Under CDC schemes, employers and employees pay a fixed rate of contributions, collected in a manner similar to defined contribution schemes. Benefits are paid with a target in mind, similar to defined benefit schemes, but with the prospect of variable increases — and the possibility of decreases. Read also...

August 1, 2022

News2022, CDC, Pension design, UK

August 2022