admin, Author at Pension Policy International

08AprApril 8, 2022

Colombia. ¿Qué tan conveniente es que los fondos de pensiones inviertan en infraestructura?

Recientemente, el Gobierno y Asofondos anunciaron una inversión de $4,5 billones para proyectos de este tipo en el país El sistema pensional y su funcionamiento se ha situado nuevamente en el centro de la discusión pública, esta vez por cuenta de la inversión de $4,5 billones que anunciaron los fondos de pensiones en infraestructura. La decisión fue comunicada de manera conjunta entre el presidente de la República, Iván Duque, y la Asociación Colombiana de Administradoras de Fondos de Pensiones y...

April 8, 2022

Noticias2022, Administración de Pensiones, Colombia, Inversión

How to Get Americans to Save for Retirement

08AprApril 8, 2022

US. How to get people to save for retirement

The House voted 414-5 on March 29 to pass the Securing a Strong Retirement Act, or “Secure Act 2.0,” hailed in news reports as legislation that would “change the way Americans save for retirement” by requiring that employees be automatically enrolled in work retirement plans. Yet if enacted, Secure 2.0 would increase Americans’ annual retirement contributions by less than 0.2% in 10 years. Secure 2.0’s modest gains are thanks mostly to Republicans—who also have the biggest stake in making...

April 8, 2022

News2022, savings, System sustainability, US

08AprApril 8, 2022

Kenya. RBA forms new entity to handle post retirement medical schemes

The Retirement Benefits Authority (RBA) has formed a stand-alone body to handle post-retirement medical funds. Dubbed Post-Retirement Medical Funds (PRMFs) Regulations, the entity will register and regulate retirement medical schemes without the need to be entrenched in pension funds. This regulatory move is aimed at enabling more people to access quality healthcare services after retirement. Previously, such funds were operated by pension schemes as a special fund since their introduction in 2018. This means that members whose pension schemes did not wish to explore the...

April 8, 2022

News2022, Healthcare, Kenya, Social Security

08AprApril 8, 2022

UK. Penfold: London weighting – how the capital is adopting better saving habits

New research released today from Penfold, the digital pensions platform, reveals Londoners are the least likely group in the UK to spend more than they save each month, despite the higher cost of living in the capital. Half (50%) of those in London say they spend more on non-essentials including eating out and events, the lowest of any region and compared to 64% of people in the East Midlands, 66% in Wales and 62% in the South East (see...

April 8, 2022

News2022, savings, UK

07AprApril 7, 2022

Silver Hues : Building Age-Ready Cities

By Das Maitreyi Bordia, Yuko Arai, Terri B. Chapman & Jain Vibhu Cities and countries the world over are at the cusp of epochal global trends whose impacts are likely to be more intense and more far-reaching than those of similar trends in the past. The simultaneity of the demographic transition, deepening urbanization, a technological revolution, frequent shocks brought on by health and climate emergencies, mean that one will need to plan for an older and more urban future. This...

April 7, 2022

Aging, Books2022, Public Policy, System Characterization

07AprApril 7, 2022

Age-friendly cities and communities: A global perspective

By Tine Buffel, Sophie Handler & Chris Phillipson New book Age-Friendly Cities and Communities: A Global Perspective, Policy Press Tine Buffel, Sophie Handler and Chris Phillipson (Editors) Bringing together leading researchers and policy-makers working to develop age-friendly cities and communities, this edited volume examines the potential of developing urban environments responsive to the needs of older people. The book provides numerous case studies and examples of good practice, drawing upon work in Australia, Europe, Hong Kong, and the USA. It...

April 7, 2022

Aging, Books, Innovation2018, Behavioral Science, Public Policy, Technology

07AprApril 7, 2022

ESG and Private Market Assets: Pension and Insurance Investors Shifting the Trillions (2022 – 2026)

By M. Nicolas J. Firzli, Nick Sherry & Guan Seng Khoo The co-authors of the article, are amongst the original coiners of term such as “infrastructure as an asset class” and “pension superpowers.” They also predicted, at the onset of the Covid Crisis, that a “historic realignment on the asset allocation front is happening precisely at the moment when ESG is moving centre stage: even in once staunchly neoliberal jurisdictions like Texas, Alaska or Switzerland, the smart money is betting...

April 7, 2022

Articles, Investment, Pension Management2022, ESG, Regulation, UK

07AprApril 7, 2022

Strategic partnerships and ICT solutions in extending social security coverage in Africa

By ISSA Through strategic partnerships and modern information and communications (ICT) solutions, member institutions of the International Social Security Association (ISSA) are strengthening the scope, extent, and adequacy of social security coverage. Across Africa, the quasi totality of countries has social security schemes and/or programmes theoretically covering most of the population. The policy discourse on extending social security coverage during the last decades culminates in the enactment of new legislation to expand the scope of coverage and reforms on existing schemes...

April 7, 2022

Articles, Innovation, System Sustainability2022, Africa, Social Security, Technology

07AprApril 7, 2022

The economy-wide effects of mandating private retirement incomes

By George Kudrna This paper investigates the economy-wide effects of mandating private (employment-related) pensions. It draws on the Australian experience with its Superannuation Guarantee legislation which mandates contributions to private retirement (superannuation) accounts. Our key objective is to quantify the long-run implications of alternative mandatory superannuation contribution rates for household economic decisions over the life cycle, household welfare, and macroeconomic and fiscal aggregates. To that end, we develop a stochastic, overlapping generations (OLG) model with labor choice and endogenous retirement,...

April 7, 2022

Articles, Pension design2022, Australia, Labor Market, Private Pensions, Social Security

07AprApril 7, 2022

US. Conservative Group Wants to Stop State Pensions From Pursuing ESG Initiatives

State pension funds should be barred from considering social and environmental factors in their investment decisions, a conservative association said in a push for new state legislation that would clash with the financial industry’s efforts to focus on greener investments. American Legislative Exchange Council, an association of state legislators, on Wednesday put forward model legislation that provides states a template for laws to keep pension funds from following so-called environmental, social and governance trends. “Politically motivated investing, by definition, takes rates...

April 7, 2022

News2022, ESG, Investment, US

April 2022