admin, Author at Pension Policy International

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

28AprApril 28, 2022

Chile. Diputados proponen sexto proyecto de retiro de las AFP: “Seguiremos insistiendo”

El rechazo de los proyectos para un quinto retiro de las AFP al parecer dejó insatisfecho a más de un diputado en la Cámara Baja. Prueba de esto es que continúan las presiones hacia el Gobierno por parte de algunos parlamentarios, que han hecho una propuesta para una sexta extracción de los fondos de pensiones. Leer también Chile. Tras 8,5 millones de solicitudes: pagos del tercer retiro de las AFP superaron los 14 mil millones de dólares Se trata de Jorge...

April 28, 2022

Noticias2022, Chile, Retiro de Fondos

28AprApril 28, 2022

Panamá. Faltante de IVM llegaría a 8 mil millones de dólares en 2030

Cada día que pasa aumenta el problema financiero del programa exclusivamente de beneficio definido de Invalidez, Vejez y Muerte (IVM) de la Caja del Seguro Social (CSS). Jorge Nicolau, consultor y estudioso de las finanzas de la CSS, señaló que entre 2021 y 2030 el déficit de caja que registrará este programa alcanzará los 8 mil millones de dólares. Reiteró que ya es conocido que las reservas de dicho programa se acabarán en 2024, por lo cual, recomienda tomar acciones rápidas, pero...

April 28, 2022

Noticias2022, Panamá, Sostenibilidad del Sistema

28AprApril 28, 2022

UK. TPR to issue fresh dashboards guidance in May

The Pensions Regulator will publish new guidance on pensions dashboards to support trustees and scheme managers in early May, it has revealed. At a seminar led by the Pensions Dashboards Programme on April 27, the watchdog also said that nudge communications to all schemes would begin at least a year before their staging dates, with these being aimed at pension trustees and public service pension scheme managers. TPR’s guidance will be updated in November once the DWP’s consultation response to regulations...

April 28, 2022

News2022, COVID-19, Innovation, Regulation, UK

27AprApril 27, 2022

US. New York City Wants to Amp Up Risk in Workers’ Pensions

New York City’s comptroller is the latest public official trying to change laws aimed at limiting risk in pension investments, as U.S. state and local pension funds try to plug shortfalls in a low-return environment. Comptroller Brad Lander, who oversees about $260 billion in retirement money for city police, firefighters, teachers and other public workers, is asking New York lawmakers for more flexibility to invest in private markets, high-yield debt and foreign stocks. The state comptroller’s office, which supervises another...

April 27, 2022

News2022, Investment, Regulation, US

27AprApril 27, 2022

How AI and robots are caring for the elderly in Taiwan’s ageing society

The idea that cities today will have a disproportionate number of elderly would have been laughable a mere century ago. As recently as 1950, global mortality rates for children were five times higher than they are now, according to Our World in Data. Yet, advancements in healthcare and sanitation standards are helping adults live longer than ever before. Taiwan, in particular, is estimated to become a super-aged society by 2025, with one in five being over 65 years old, said...

April 27, 2022

News2022, Aging, Healthcare, Taiwan, Technology

27AprApril 27, 2022

Empleados de EE. UU. podrán tener bitcoins en cuenta de retiro

Es posible que pronto más trabajadores estadounidenses puedan usar bitcoins para depositar parte de sus ahorros para la jubilación, a medida que las criptomonedas se abren paso en la sociedad. La administradora de activos y fondos de pensiones Fidelity Investments informó el martes que creó una manera para que los trabajadores destinen parte de sus contribuciones y ahorros a sus cuentas para la jubilación, conocidas como 401(k). Fidelity precisó que esa parte podría ser potencialmente hasta del 20%. Fidelity dijo ser...

April 27, 2022

Noticias2022, Diseño de Pensiones, Inversión, US

27AprApril 27, 2022

Canada. IMCO returns 9.6% in 2021, outperforming its benchmark

Investment Management Corp. of Ontario, Toronto, delivered a weighted average net return of its clients' portfolios of 9.6% for the year ended Dec. 31, vs. a consolidated benchmark return of 8.5%. IMCO's assets under management climbed to C$79 billion ($61.8 billion) at the end of 2021, up 7.8% from a year earlier, the firm said in a news release Monday. By asset class, private equity performed the best in 2021, returning a net 19.2% (above the 16.9% performance by its benchmark);...

April 27, 2022

News2022, Canada, Pension Management

27AprApril 27, 2022

Homeless Population Aging in Japan

The proportion of homeless people aged 70 or over in the total homeless population in Japan surged to 34.4 pct in 2021 from 19.7 pct in 2016, a welfare ministry survey has found. The survey on people without housing, held about every five years, also showed that the average age of homeless people rose by 2.1 years to 63.6 years. In the survey, conducted in November 2021, homeless people in Tokyo's 23 special wards, ordinance-designated major cities and other cities were...

April 27, 2022

News2022, Aging, Japan, Social Protection

27AprApril 27, 2022

México. Afores representarán 53.6% del PIB en el 2050; hoy son 20%: Consar

Este año las pensiones contributivas serán equivalentes a 4.1% del PIB, esto es un gasto de 1.17 billones de pesos, destacó el presidente de la Comisión. Los recursos que las administradoras de fondos para el retiro (afores) manejarán en el 2050, se calcula sean equivalentes a 53.6% del Producto Interno Bruto (PIB), para convertirse en el principal agente financiero del país, proyecta la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar). Leer también México. El tope a comisiones desploma...

April 27, 2022

Noticias2022, Administración de Pensiones, Mexico

April 2022