December 2023
01Dec

Australia pension funds call for reforms to encourage green energy investment at home

Australian pension funds called on Friday for the government to enact reforms that would make it easier to invest in domestic renewable energy projects and warned that without action investors would opt for more compelling overseas projects. Australia's electricity transmission network, batteries and sustainable aviation fuel are three areas where simplified planning, subsidised finance and other regulatory changes could catalyse investment, according to a report released by eight major pension funds. Changes could quickly unlock A$4 billion ($2.7 billion) worth of...

December 1, 2023
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01Dec

Nordic pension funds invest more in UK start-ups than British counterparts

Nordic pension funds are now investing more in UK start-ups than their British counterparts, research by Atomico has found. As reported by our sister title, European Pensions, the State of European Tech report found that pension funds from Denmark, Finland, Iceland, Norway and Sweden collectively contribute USD 88m to UK start-ups, compared to USD 49m from the UK and Ireland combined. In addition, the report found that generally UK pension funds only represent 5 per cent of funds committed to venture...

December 1, 2023
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November 2023
28Nov

México. Jóvenes frente a un retiro incierto, ¿ahorrar o no ahorrar?

En materia económica, la tercera edad representa retos importantes: gastos ordinarios, enfermedades y pérdida de independencia. Roberto Aguilar, especialista en finanzas personales, "Ahora vivimos más años y las enfermedades crónico degenerativas o crónicas tienen un periodo más largo y eso exige que cuando nos retiremos estemos preparados para financiar esas exigencias en materia de salud". Pese a ello, la mayoría de jóvenes y adultos no ahorra para el retiro. 32 millones de mexicanos están en la informalidad, sin acceso a pensión...

November 28, 2023
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28Nov

Chile. Ministra Jara insiste en que para avanzar en la reforma previsional “lo que necesitamos es que la oposición ahora ceda”

“Como hemos señalado la reforma previsional más que estar sujeta a algún plazo, lo que está y ha estado, es sujeta a la capacidad de construir un acuerdo", dijo la ministra del Trabajo. La ministra del Trabajo, Jeannette Jara, reiteró que la posibilidad de avanzar en el proyecto de pensiones sigue estando en la capacidad de la oposición de flexibilizar su postura frente a la iniciativa. En específico consultada respecto de si el gobierno está dispuesto a volver a ceder respecto...

November 28, 2023
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28Nov

Colombia. Aumento del salario mínimo para 2024 implica reajuste en el aporte a los fondos de pensiones, en qué consiste

A partir del próximo año, quienes reciben el salario mínimo podrían tener un incremento en su contribución a los sistemas de retiro Continúa el debate por el aumento del salario mínimo para los colombianos para el 2024. Desde varios sectores se han dado cifras tentativas sobre la cifra que regirá para los más de dos millones de colombianos que ganan este promedio salarial, mientras que desde las carteras ministeriales, los sectores empresariales y las centrales de trabajo se han lanzado...

November 28, 2023
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28Nov

IBM unveils details of retirement benefit account

International Business Machines has provided details to employees of the company's scrapping its 401(k) corporate match and replacing it with a cash balance component called a retirement benefit account, which is part of the IBM Personal Pension Plan, a defined benefit plan. The company confirmed earlier this month that the RBA would replace the 5% match for the 401(k) plan on Jan. 1, but didn't discuss details. The IBM Personal Pension Plan — closed to new participants since 2005 and frozen...

November 28, 2023
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28Nov

Africa running out of time to sort looming pensions crisis

An expert at the ongoing 4th Annual Conference of the African Pension Supervisors Association (APSA) in Kampala has said urgent steps need to be taken to reverse a trend in which the continent has only 10% pension coverage of its population. Sundeep Raichura, Group Chief Executive Officer Zamara says that before African experts can talk of extending pension coverage, they must first admit it has no working pension system, in order for the leaders to focus on getting home grown...

November 28, 2023
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28Nov

Swiss government reviews first and second pillar pensions

The Swiss government has adopted several changes to the regulation on old-age and survivors’ insurance (AHVG), and other laws also relating to occupational pensions (BVV2), to review and strengthen supervision in the country’s first and second pillar pension systems. In the second pillar, the reviewed ordinance clarifies the definition of pensioners’ portfolios, which can be transferred from one pension scheme to another, in addition to the definition of sufficient funding. This gives experts in the field of occupational pensions a clearer...

November 28, 2023
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14Nov

UK. ESG: Biodiversity And Nature Risks For Pension Schemes

While climate risk has increasingly been at the top of the agenda for trustees in recent years, biodiversity and nature risk has occasionally been overlooked, despite the serious financial implications stemming from these issues. The World Economic Forum's Global Risk Report 2023 cited "biodiversity loss and ecosystem collapse" as the fourth most significant global risk over the next ten years. In light of this, pension regulators are focusing their attention on biodiversity risk management.  A guide recently produced by...

November 14, 2023
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October 2023
29Oct

Gustavo Demarco. El camino de un cordobés que salió de la UNC y llegó al Banco Mundial

Gustavo Demarco fue docente de macroeconomía, pasó por el Estado nacional asesorando en la formación de las AFJP y ahora coordina un equipo internacional que investiga y asesora en sistemas de jubilaciones y pensiones. En los ‘80, Gustavo Demarco pasaba sus días dando clases de macroeconomía en la Facultad de Ciencias Económicas de la Universidad Nacional de Córdoba (UNC), hasta que el llamado de un colega desde el Ministerio de Trabajo de la Nación le cambió la vida. El Gobierno...

October 29, 2023
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