admin, Author at Pension Policy International

14FebFebruary 14, 2022

US. A monumental year pushes assets up 17%

The 1,000 largest U.S. retirement plans had a banner year, propelled in large part by strong returns in public and private equity and other alternative investment strategies, as well as from higher contributions to defined benefit and defined contribution plans. In the year ended Sept. 30, aggregate assets of the 1,000 largest U.S. retirement funds rose 16.9% to $14.13 trillion, a big improvement from the previous year when assets managed to rise 6.6% amid the first year of the COVID-19...

February 14, 2022

News, Slider2022, Pension Management, US

11FebFebruary 11, 2022

The Informal Economy Revisited: Examining the Past, Envisioning the Future

By Martha Che & Françoise Carré This landmark volume brings together leading scholars in the field to investigate recent conceptual shifts, research findings and policy debates on the informal economy as well as future challenges and directions for research and policy. Well over half of the global workforce and the vast majority of the workforce in developing countries work in the informal economy, and in countries around the world new forms of informal employment are emerging. Yet the informal workforce...

February 11, 2022

Books, Labor Market2020, Income, Informal Sector, Social Protection

11FebFebruary 11, 2022

The Taxation of Pensions

By Robert Holzmann & John Piggott Theoretical and policy perspectives on the taxation of pension, viewed in an international context. Policy makers and academic researchers have been preoccupied in recent decades with the design of pension schemes and effective pension system reform. Relatively little attention has been given to the taxation of pensions and, more broadly, the provision of retirement income. In this book, experts from a range of countries explore the interconnection. Their contributions are especially timely, given recent demographic...

February 11, 2022

Books, Regulation, Savings2018, Income, Public Policy, Taxation

11FebFebruary 11, 2022

Low Demand for Reverse Mortgages in Canada: Price, Knowledge or Preferences?

By Admin SSRN au/at CIRANO, Ismael Choiniere Crevecoeur & Pierre-Carl Michaud High borrowing costs, limited knowledge and preferences could explain why few Canadians purchase reverse mortgages, an asset decumulation product that is appealing to those who are house-rich but cash-poor. In this paper, we first use an asset pricing model to calculate the actuarial fair costs of guarantees built into reverse mortgage products in Canada and compare those estimates to prevailing interest rates in the market for these products. We...

February 11, 2022

Articles, Pension design, Savings2022, Canada, Income

11FebFebruary 11, 2022

Extending pension policy in emerging Asia: An overlapping-generations model analysis for Indonesia

By George Kudrna, John Piggott & Phitawat Poonpolkul This paper examines the economy-wide effects of government policies to extend public pensions in emerging Asia - particularly pertinent given the region’s large informal sector and rapid population ageing. We first document stylized facts about Indonesia’s labour force, drawing on the Indonesian Family Life Survey (IFLS). This household survey is then used to calibrate micro behaviours in a stochastic, overlapping-generations (OLG) model with formal and informal labour. The benchmark model is calibrated...

February 11, 2022

Aging, Articles, Labor Market2022, Indonesia, Informal Sector

11FebFebruary 11, 2022

Reforming the Greek Pension System

By Daehaeng Kim, Alvar Kangur & Niki Kalavrezou The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms...

February 11, 2022

Articles, Pension design, System Sustainability2022, Greece, Pension Reform

11FebFebruary 11, 2022

US. New York’s public pension fund to divest from 21 companies over transition risk

New York’s public pension fund has announced it will divest from nearly two dozen stocks involved in shale oil and gas production. The New York State Common Retirement Fund, which manages around $280 bn on behalf of more than one million individuals, says the 21 companies have ‘failed to demonstrate they are prepared for the transition to a low-carbon economy’. ‘As market forces and new policies drive the energy transition, we must align our investments with a profitable and dynamic future,’...

February 11, 2022

News, Slider2022, Investment, US

11FebFebruary 11, 2022

Perú. Congreso: sustentan propuestas para retiro de aportes de AFP hasta por 4 UIT

Con la finalidad de aliviar la economía familiar de miles de peruanos que se vieron afectados por el impacto de la pandemia de la covid-19 fueron sustentados dos proyectos de ley que proponen autorizar, de manera extraordinaria, el retiro de fondos en las Administradoras de Fondos de Pensiones (AFP) hasta por 18,400 soles (4 UIT). Durante la sesión de la Comisión de Economía, la congresista Digna Calle (PP) sustentó un proyecto que propone autorizar, de manera extraordinaria, a los afiliados...

February 11, 2022

Noticias20422, Perú, Retiro de Fondos

11FebFebruary 11, 2022

UK. Force pension funds to align with net zero goal, says Richard Curtis

Pension funds should face legal obligations to bring their investments in line with the net zero greenhouse gas emissions goal, the film-maker Richard Curtis has said. Curtis, a co-founder of the Make My Money Matter campaigning group, urged ministers to follow up the UK’s legal commitment to reach net zero emissions by 2050 by making it mandatory for pension schemes to align their portfolios with the target. He told the Guardian: “The moment has arrived. Why not invest in sustainable investments?...

February 11, 2022

News, Slider2022, Climate crisis, Investment, UK

11FebFebruary 11, 2022

Tunji Andrews is Building Awabah, a Pension Platform for Nigeria´s Informal Sector

The world’s population is expected to grow by 2 billion people from 7.7 billion in 2019 to 9.7 billion in 2050. The report suggested that nine countries would make up over half the projected growth of the global population, five of which are African countries – Nigeria, the Democratic Republic of Congo (DRC), Ethiopia, Tanzania and Egypt. In agreement, Cities Alliance reported that about 95 per cent of this growth will happen in low and middle-income countries globally. Africa is...

February 11, 2022

News, Slider2022, Informal Sector, Nigeria

February 2022