May 2022
24May

UK. Pensions watchdog warns about climate risk in rebuke of HSBC banker who downplayed danger

UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first watchdog to weigh in after a top HSBC banker was suspended after playing down the financial risks of climate change. Regulators across the world have been putting pressure on the financial services industry to take climate change into account when calculating risks to their business models. Stuart Kirk, a senior HSBC banker in charge of sustainable investments, had said at an...

May 24, 2022
News, , ,
Read more...
24May

Kenya. Pension bill goes up by Sh40bn in 10 months

Kenya’s pension bill increased by Sh39.5 billion in the 10 months to April, the sharpest growth in five years, highlighting the growing pressure on the Exchequer in paying retired civil servants. The latest data from the Treasury shows that Kenya spent Sh113.72 billion on pensions in the period under review, a 53 percent jump from Sh74.19 billion in the corresponding period last year. This is also the first time that Kenya’s expenditure on pensions in the first ten months of a...

May 24, 2022
News, ,
Read more...
24May

Why ESG reporting needs to balance ‘purpose with profit’ for real impact

ESG investing is increasingly viewed as a lever for delivering value in a turbulent world. But there is a lack of transparency around reporting and companies aren't obliged to change their business practices. Companies need to go well beyond environmental regulatory requirements and drive social impact. The flow of capital towards ESG (environmental, social and governance) oriented funds has rapidly moved from a trickle to a deluge. In the third quarter of 2021 global sustainable funds hit a record high...

May 24, 2022
News, , ,
Read more...
24May

Bangladesh. Is a Universal Pension Scheme viable?

The role of an inclusive pension system in any society is increasingly important to ensure that future retirees will have sufficient funding to retain their standard of living at the end of their working life. However, the newly proposed Universal Pension Scheme (UPS) in Bangladesh, result of Awami League's 2018 election manifesto, is simplistic and grossly discriminatory. The scheme does not consider Bangladesh's unique financial and socio-economic context and will create further strain on the government's fiscal management. Even...

May 24, 2022
News, ,
Read more...
México. La Consar y Beat se alían para fomentar el ahorro voluntario entre conductores
24May

México. La Consar y Beat se alían para fomentar el ahorro voluntario entre conductores

La plataforma de taxis privados Beat y la Comisión Nacional del Sistema de Ahorro para el Retiro Consar (Consar) firmaron un acuerdo para que los conductores de esta app aporten una parte de sus ganancias mensuales a su retiro. La Consar informó que realiza una serie de esfuerzos para que los trabajadores de la aplicación, aun cuando tengan otro empleo en la formalidad, conozcan los beneficios de realizar aportaciones voluntarias a la cuenta Afore. Leer también México. Consar lanza portal “AforeWeb”,...

May 24, 2022
Noticias,
Read more...
24May

Ghana. 4 Bodies Collaborate To Give Drivers Pension & Insurance Package

Westom Insurance Brokers in collaboration with People's Pension Trust (PPT), Prudential life Insurance and Premier Health Insurance has launched a pension and an insurance package for members of the Ghana Private Road Transport Union (GPRTU). Known as the ‘Anidaso Plan’, the package offers three in one Pension/Life insurance/Health Insurance plan to members. It also covers the principal’s immediate dependents, that is, spouse and children. The ‘Anidaso Plan’ is a comprehensive pension and insurance package that has been specially designed to offer...

May 24, 2022
News, ,
Read more...
Avalan sexto retiro de fondos de pensiones en Perú, por la crisis
24May

Avalan sexto retiro de fondos de pensiones en Perú, por la crisis

Perú autorizó un sexto retiro de dinero de los fondos privados de pensiones para ayudar a las familias afectadas económicamente por la pandemia de covid-19 y las alzas de precios, según una ley publicada este fin de semana en la gaceta oficial. Leer también Perú, AFP 2022: ¿Por qué hay pérdidas en los fondos del Sistema Privado de Pensiones? La ley beneficiará a ocho millones de afiliados al Sistema Privado de Administración de Fondos de Pensiones, que podrán retirar hasta 18...

May 24, 2022
Noticias, ,
Read more...
23May

Chile. Bono de $1 millón al nacer y nuevo sistema de cobranza: 6 propuestas en pensiones de las AFP al Gobierno

En el contexto de los diálogos sociales y “consultas técnicas” que está realizando el Gobierno para la reforma de pensiones, la Asociación de Administradoras de Fondos de Pensiones (AAFP) le entregó este jueves al subsecretario de Previsión Social, Christian Larraín, seis propuestas para considerar en el futuro proyecto de reforma constitucional. Las medidas consideran, entre otros aspectos, la entrega de un bono de, al menos, $1.000.000 al momento de nacer, y establecer un nuevo sistema de cobranza de cotizaciones impagas,...

May 23, 2022
Noticias, ,
Read more...
23May

¿Qué hacer con el sistema pensional de Colombia? Esto recomienda la OCDE

La Organización para la Cooperación y el Desarrollo Económicos publicó un informe este jueves presentando un balance general en materia fiscal, administrativa, tecnológica y ambiental de Colombia. Leer también Impacto de Ganancias Potenciales de Traslado sobre Decisión de Cambio de Régimen Pensional en Colombia En un documento extenso, llamado ‘Llenando los vacíos: ampliando la protección social en Colombia', se detallaron eficiencias y deficiencias sobre la competitividad y productividad del país, la pobreza, desigualdad, sistema de salud, entre otros. Sin embargo, uno...

May 23, 2022
Noticias, , ,
Read more...
23May

U.K. pools gaining critical mass, and investment choices

U.K. investment pools formed seven years ago to streamline the investment process for local government pension funds are now building up sizable assets, as well as facing challenges that range from diversification to climate change reporting. Local government pension schemes, or LGPS, "are still moving funds and the pools are still building up asset classes," said Colin Cartwright, an Aon PLC partner in London who consults with both LGPS and corporate clients. He expects to see more funds transferred into...

May 23, 2022
News, , ,
Read more...