May 2022

Proponen crear un nuevo subsidio de 500 mil pesos para miles de colombianos
13May

Proponen crear un nuevo subsidio de 500 mil pesos para miles de colombianos

La situación pensional de Colombia pone cada vez más contra la pared a los administradores de fondos de pensiones, ya sean privados o públicos, principalmente por aspectos como el gran número de personas que no logran jubilarse y el envejecimiento de la población; los cuales están generando fuertes cargas sobre la fuerza laboral. Leer también  Colombia. Administradoras de pensiones registraron pérdidas por $23.257 millones a febrero Prueba de esto se aprecia en un estudio revelado el mes pasado por la Asociación...

May 13, 2022
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13May

Are pension funds transparent enough about their investments?

The latest report from the UN’s Intergovernmental Panel on Climate Change, published in April 2022, made clear that the window for preventing the worst of climate change is closing fast. Plans already in place are not enough to limit global warming to 1.5C above pre-industrial levels, said the report, and more must be done to accelerate the energy transition. These efforts will require huge levels of capital. The UN has estimated that $90trn in infrastructure investment alone is needed by...

May 13, 2022
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México. Falta de dinero, principal razón para no hacer aportaciones voluntarias
13May

México. Falta de dinero, principal razón para no hacer aportaciones voluntarias

La Encuesta Nacional de Inclusión Financiera (ENIF) 2021 dejó ver un aumento en las personas que no realizan aportaciones voluntarias a su afore, al ubicarse en 49% de los encuestados que respondieron tener una cuenta en las administradoras de fondos para el retiro (afores). En la encuesta del 2018, 45 respondió que no tenía esta práctica. Las aportaciones voluntarias son depósitos adicionales a la cuenta individual que pueden realizarse en cualquier momento y de acuerdo con las posibilidades de cada...

May 13, 2022
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13May

UK. 12 pension funds launch EM climate collaboration

A group of 12 UK pension funds convened by the Church of England (CofE) Pensions Board have teamed up in a bid to find ways in which to support the climate transition in emerging markets. The schemes include the £83bn Universities' Superannuation Scheme; the £57bn BT Pension Fund; Railpen, which manages the £37bn of assets; the £35bn Brunel Pension Partnership; the £55bn Border to Coast Pension Partnership; Nest, which has £24bn; and the £30bn Legal & General Workplace Pension Plan...

May 13, 2022
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13May

Why a Zimbabwean firm offers pensions denominated in cows

Kelvin chamunorwa’s mother was a middle manager at a bank in Zimbabwe. She worked there for 25 years, steadily contributing to a pension. But horrendous inflation, which reached an annual rate of 231,000,000% in mid-2008, wiped out her savings. When she retired, her pension was so small it was barely worth collecting. So Mr Chamunorwa, an actuary trained in Britain, started a company, Nhaka Life Assurance, to sell inflation-proof pensions to Zimbabweans. The pensions are not denominated in Zimbabwe dollars,...

May 13, 2022
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12May

Impact of financial investment on the individual’s confidence of happy retirement life

By Yan-Leung Cheung, Billy S C Mak, Hao Shu & Weiqiang Tan The study examines the impact of financial investment on the individual’s confidence in happy retirement life using data from 735 respondents in the Bank Consortium Holding Limited (BCT) Public Opinion Survey on Retirement Happiness in 2017. The result shows that holding the investment portfolio with savings and risky assets is positively and significantly correlated with the individual’s confidence of happy retirement life, and this relationship is more pronounced...

May 12, 2022
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What Share of Noncovered Public Employees Will Earn Benefits that Fall Short of Social Security?
12May

What Share of Noncovered Public Employees Will Earn Benefits that Fall Short of Social Security?

By Jean-Pierre Aubry, Siyan Liu, Alicia H. Munnell, Laura Quinby & Glenn Springstead Social Security is designed to serve as the base of retirement support, to be supplemented by employer-sponsored plans. However, approximately one-quarter of state and local government employees – currently, around 5 million workers annually – are not covered by Social Security on their current job. Federal law allows these noncovered workers to remain outside of Social Security if their state or local plan provides comparable benefits. Since...

May 12, 2022
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Do Pensions Reduce Debt?
12May

Do Pensions Reduce Debt?

By Wei Chen This paper estimates the causal impact of receiving pension payments on debt behavior among older adults, with a natural experiment around China's New Rural Pension Scheme (NRPS), one of the world's largest social pension programs. Using a fuzzy difference in discontinuity research design and four waves of the China Health and Retirement Longitudinal Survey (CHARLS), I find that the introduction of the NRPS reduced debt among older adults, and increased their ability to shield themselves against shocks,...

May 12, 2022
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12May

Pensions and the green transition: policy and political issues at stake

By David Natali, Michele Raitano & Giulia Valenti Pension policy has gone through an intense period of reform over the past few decades. However, further changes are likely to take place in the near future. Major global trends, not only population ageing but also globalisation, technological innovation and climate change, are going to shape socioeconomic and labour organisation and influence macroeconomic trends and will thus have an impact on the adequacy and long-term sustainability of pension policy. This paper focuses on...

May 12, 2022
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12May

The DC Future Book 2021: In Association With Columbia Threadneedle Investments

By Pension Police Institute & Investments Columbia Threadneedle Columbia Threadneedle Investments has supported The DC Future Book since its inaugural publication six years ago. We are pleased to see that it has become the foremost longitudinal study of the UK Defined Contribution (DC) market we envisaged it to be. This is a special edition indeed – it is the first time that the Pensions Policy Institute has been able to track DC market activity against the backdrop of a major crisis....

May 12, 2022
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