admin, Author at Pension Policy International

28AprApril 28, 2022

Environmental, Social and Governance Considerations in Pension Plans

By Paul Williams & Elizabeth Harker Speaking at the United Nations Climate Change Conference ("COP26") in October 2021, the UK Secretary of State for Work and Pensions, Thérèse Coffey, said that pension schemes can become a "superpower" in fighting climate change and propelling the world to net zero. But to what extent does the legal landscape within which pension schemes operate allow them to perform this role, and indeed to what extent should they be performing this role? Here in the...

April 28, 2022

Articles, Investment, Pension Management2022, Climate crisis, Corporate Governance, ESG

28AprApril 28, 2022

Retirement Savings Policy: Past, Present, and Future (The Alexandra Lajoux Corporate Governance)

By Michael P. P. Barry Retirement Savings Policy reviews the basic policies that govern retirement savings plans, and their real world application, focusing on the key issues of finance, taxation, fiduciary conduct, and employee choice. The discussion is framed around the three fundamental challenges confronting employers and employees today – the pension legacy, the 401(k) revolution, and the pressure, from policymakers, regulators, opinion leaders, and individuals, for changes that will put retirement security within reach of all Americans. With more...

April 28, 2022

Books, System Characterization, System Sustainability2018, Pension Management, Public Policy, Social Security, US

28AprApril 28, 2022

Global Pension Finance Watch: First quarter 2022

By Nathan Pavlik & David Finn The sharp increase in discount rates drove positive first quarter pension index results for all regions. Asset returns were negative for all regions except Brazil for the quarter which partially offset the liability gains. Inflationary impact were most pronounced in the UK where plans provide annual pension increases based in inflationary indicators. The overall impact of these changes resulted in positive pension index returns for all markets during the first quarter. While it is always...

April 28, 2022

Books, Pension Management, Reports, System Characterization2022, Funding, Investment, Risk

28AprApril 28, 2022

Q1 Was a Bad Quarter for Pension Investors, Says Willis Towers Watson Report

Pensions around the world had a rough first quarter, according to a new Willis Towers Watson report. The report lists the average returns and liability increases of Brazil, Canada, the Eurozone, Japan, Switzerland, the U.K., and the U.S. U.K. pensions took the biggest hit in Q1, with an average negative investment return of 9.9%. Discount rate benchmarks increased this quarter in all regions. Brazil has the highest average discount rate of 9.87%, followed by the U.S. and Canada with 3.93%...

April 28, 2022

NewsInvestment, Pension Management

28AprApril 28, 2022

EIOPA proposes new pensions info-gathering to close ‘important’ data gaps

The EU pension fund regulator has proposed collecting look-through data on IORPs’ investments in UCITs and derivative information as part of a move to strengthen its capacity to analyse emerging risks in the occupational pensions sector. In a consultation document, EIOPA said this capacity was “currently limited as it lacks crucial data in a number of areas”. Important data gaps had been identified, it added, namely in the area of derivatives and look-through information. The regulator is also proposing to amend current...

April 28, 2022

News2022, EU, Regulation

28AprApril 28, 2022

Puerto Rico teachers fail to overturn pension changes in debt plan

A federal appeals court has upheld modifications to teachers’ pensions under Puerto Rico’s debt adjustment plan, despite arguments from teachers’ associations that the changes violate the U.S. territory's law. The 1st U.S. Circuit Court of Appeals on Tuesday said that the federal law that authorized the commonwealth’s debt restructuring allowed a federally appointed oversight board to modify the pension obligations. The changes were part of the board’s wide-ranging restructuring for Puerto Rico, which was approved by a lower court in...

April 28, 2022

NewsDefined Benefit, Puerto Rico

28AprApril 28, 2022

México. Consar busca modificar metodología del IRN

El oficio, en poder de la Conamer, quiere quitar del cálculo del indicador la Unidad de Pensión pues es confuso. La Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) envió un anteproyecto a la Comisión Nacional de Mejora Regulatoria (Conamer) para modificar el cálculo del Indicador de Rendimiento Neto (IRN). En el documento se propone eliminar de la fórmula a la Unidad de Pensión para hacer más clara la métrica. Leer también 56% de los mexicanos no tiene un...

April 28, 2022

Noticias2022, Inversión, Mexico, Operaciones, Rendimientos

28AprApril 28, 2022

US. Senators float bill to give participants more lump-sum buyout info

A bill requiring pension plan sponsors to provide participants and retirees with key information when offering lump-sum buyouts was reintroduced Wednesday in the Senate. The legislation, the Information Needed for Financial Options Risk Mitigation Act, referred to as the INFORM Act, would require plan sponsors offering buyouts to provide participants and beneficiaries a paper notice 90 days before the period in which they must make an election; a comparison of benefits, explanation of how the lump sum was calculated, ramifications...

April 28, 2022

News2022, Regulation, US

28AprApril 28, 2022

Tribunal falla en contra de pensiones definidas de maestros de Puerto Rico

El Primer Circuito federal reconoció el poder de la Junta de Supervisión Fiscal para modificar el derecho a una pensión definida El Primer Circuito de Apelaciones confirmó este martes el Plan de Ajuste (PDA) del gobierno central al denegar el recurso de revisión que radicaron varias organizaciones magisteriales y que buscaba preservar el plan de retiro de estos profesionales en el sistema público de enseñanza. Leer también Cientos marchan en Puerto Rico por la salud, educación y pensiones dignas El revés judicial,...

April 28, 2022

Noticias2022, Beneficio Definido, Puerto Rico

28AprApril 28, 2022

Nigeria. PENCOM Revises Regulation on Retirement and Terminal Benefits

The National Pension Commission (PenCom) has issued a revised Regulation on Retirement and Terminal Benefits for immediate implementation. This is the maiden comprehensive review of the Regulation since its initial issuance in 2007. The regulation guides the process of accessing retirement and terminal benefits by pension contributors and retirees under the Contributory Pension Scheme (CPS). In line with its consultative approach, PenCom obtained input from key stakeholders in order to ensure a more efficient retirement benefit administration. The revised Regulation...

April 28, 2022

News2022, Nigeria, Regulation

April 2022