admin, Author at Pension Policy International

22FebFebruary 22, 2022

China releases 5-year plan for elderly care services

China's State Council has released a plan for the development of the country's elderly care services system during the 14th Five-Year Plan period (2021-2025), in its latest step to implement a national strategy to address population aging. The plan specifies major goals and tasks for the five-year period, including expanding the supply of elderly care services, improving the health support mechanism for the elderly, and advancing the innovative and integrated development of service models. It lists nine major indicators, such as...

February 22, 2022

News, Slider2022, Aging, China

22FebFebruary 22, 2022

UK. Parliament pension fund makes ESG investments

The scheme’s annual report revealed that the fund is integrating environmental, social and governance issues throughout its investment process, while making a number of commitments to ESG-aligned mandates throughout the year to March 2021. Read also UK. DWP confirms GMP revaluation rate reduction First, the scheme invested in the BlackRock Global Renewable Power Infrastructure Fund III, making its first contribution in August 2020, with further capital calls made later in the year. Read also From human rights to recycling bins: how can...

February 22, 2022

News, Slider2022, ESG, Investment, UK

22FebFebruary 22, 2022

One of Top Korean Banks to Launch Crypto Fund

Kookmin Bank, one of the four largest banks ranked by asset value in South Korea, is set to launch its own cryptocurrency investment fund. Read also Canadian Pensions Bankrolling Elder Abuse and Misappropriation of Public Money by French Long-term Care Multinational: CUPE According to an announcement, the so-called Digital Asset Management Committee will work on a crypto exchange-traded fund (ETF). Although the timetable is unclear, the bank said it plans to speed up its efforts after the country gets more clear...

February 22, 2022

News, Slider2022, Investment, korea, Pension design

22FebFebruary 22, 2022

United States: Shareholder Activism Or Divestment? The Massachusetts Pension Fund Chooses Activism

The Boston Globe reported yesterday that the Massachusetts Pension Reserves Investment Management Board approved investment guidelines that would have the Board vote against directors of companies in which the Board invests where the company does not have a plan to reach net zero carbon emissions by 2050. As the Globe notes, there is something of a debate among climate activists whether it is better to support divestment or the kind of activism represented by the Board's action yesterday. In that...

February 22, 2022

News, Slider2022, Investment, US

22FebFebruary 22, 2022

México. Unos 2,055 muertos vivientes cobraron pensión del Bienestar: ASF

La Secretaría del Bienestar tiene pendientes por aclarar 46.7 millones de pesos, ante ello promulgó 13 recomendaciones, dos solicitudes de aclaración y cinco pliegos de observaciones. La Auditoría Superior de la Federación (ASF) detectó que 2,055 personas que fallecieron entre 1950 y el 2020 cobraron la “Pensión del Bienestar para los Adultos Mayores”, el monto otorgado a esas personas fue de más de 10.08 millones de pesos, reveló el informe del resultado de la fiscalización superior de la Cuenta Pública...

February 22, 2022

NoticiasPago de Pensiones México, Pensiones Públicas

21FebFebruary 21, 2022

México. Retiros de la Afore por matrimonio: una cifra en niveles récord en 2021

Los trabajadores con una cuenta en una Administradora de Fondos de Ahorro para el Retiro (Afore) tienen la oportunidad de realizar dos tipos de retiros parciales de ésta: por desempleo y para gastos de matrimonio. A partir de que se facilitaron los retiros por concepto de matrimonio desde la Afore Móvil se registró un incremento en el acceso de este beneficio. Durante el 2021 los retiros por matrimonio desde las Afores sumaron 194.3 millones de pesos, la mayor cantidad en...

February 21, 2022

NoticiasMexico, Retiro de Fondos, Tecnología

21FebFebruary 21, 2022

China to allow more pension providers

China will expand its commercial pension pilot scheme nationwide from March 1 this year and allow other pension providers to participate in addition to six Chinese life insurers that have been allowed previously, China Banking and Insurance Regulatory Commission said on Monday (February 21). CBIRC asked pension providers to keep exploring new products to cater to the need of new economy and flexible workers. It initiated a one-year pilot scheme for commercial pension products in Zhejiang and Chongqing province from June...

February 21, 2022

News, Slider2022, China, Informal Sector, Pension design

21FebFebruary 21, 2022

UK. More universities join strike action over pay and pensions

Strike action at UK universities has spread to 68 institutions as staff blamed bosses for failing to make improved offers on pensions, pay and working conditions. The University and College Union said today (February 21) more than 50,000 staff have a mandate to strike and over a million students are being impacted. Strikes initially began at 44 universities last week (February 14) and a further 24 have joined today. The union, which represents all university staff, said new retail price index figures...

February 21, 2022

News, Slider2022, Public Pensions, UK

21FebFebruary 21, 2022

From human rights to recycling bins: how can you define ‘ethical investing’?

Companies are facing increasing consumer and shareholder pressure to ensure the investments they make are ethical. But how do they define what’s ethical? Broadly, ethical investment is on the rise. According to the Responsible Investment Association Australasia (RIAA), about $1tn of the $2.24tn in managed funds is classified as responsible. That’s not just because Australians are becoming more aware of the impact their investments can have, but also because responsible or ethical investment is really starting to pay. Sustainable, environmentally...

February 21, 2022

News, Slider2022, Australia, Climate crisis, Equality, ESG, Investment

21FebFebruary 21, 2022

UK. Royal Mail moves ahead with CDC scheme

Royal Mail, the Communication Workers Union and Unite have agreed to progress plans to introduce a new collective defined contribution scheme, the first of its type in the country, following a consultation with members. Royal Mail launched its consultation in September 2021, in which it laid out plans for the new Royal Mail Collective Pension Plan. Under a CDC arrangement, members pool investment and longevity risk and contribution rates for employers and employees are set in advance. The group finalised and confirmed...

February 21, 2022

News, Slider2022, CDC schemes, Pension design, UK

February 2022