admin, Author at Pension Policy International

25AprApril 25, 2023

Colombia. Banco Interamericano de Desarrollo respalda las reformas laboral y pensional que impulsan las políticas de empleo que adelanta el Gobierno del Cambio

Tras una reunión con el Banco Interamericano de Desarrollo, BID, para fortalecer los convenios de fortalecimiento a las políticas de empleo y de formación para el trabajo, Kelvin Suero, representante del BID, para Colombia, manifestó el respaldo de la entidad internacional, frente a las reformas laboral y pensional que avanzan en el Congreso de la República. “Desde el Banco Interamericano de Desarrollo estamos en la mejor disposición para acompañar sobre todo el debate y resaltar los elementos que nos han...

April 25, 2023

Noticias, NoticiasColombia, Reforma de Pensiones

25AprApril 25, 2023

PPG Industries unloads $309 million in U.S. pension liabilities

PPG Industries Inc., Pittsburgh, purchased a group annuity contract in March to transfer $309 million in U.S. pension plan liabilities to insurance companies. The chemical company disclosed the transaction in its 10-Q filing with the SEC on April 21. The filing did not disclose the number of insurers or their names. It is at least the third pension risk transfer transaction completed by the company in the past seven years. In 2016, PPG Industries purchased two group annuity contracts to transfer $1.6...

April 25, 2023

NewsPension design, Risk, US

25AprApril 25, 2023

U.K. Pensions Regulator calls for more safeguards for LDI

Pension fund trustees should put in place appropriate buffers to manage any leveraged liability-driven investment arrangements, the U.K. Pensions Regulator said Monday. In a new guidance, which was published following the September LDI crisis, the regulator said investors must also include an operational buffer specific to the LDI arrangement to manage day-to-day changes, in addition to the 250 basis points minimum. Setting the right buffer level is essential so the fund can operate in the normal way even where there are...

April 25, 2023

NewsRegulation, UK

25AprApril 25, 2023

‘Aging population holds economic prosperity for Nigerians, others’

Individuals across the globe, especially in developed countries, are aging at an unprecedented pace, making many countries increasingly reliant on migration to realise their long-term growth potential, says a new report from the World Bank. The ‘World Development Report 2023: Migrants, Refugees and Societies’ identifies this trend as a unique opportunity to make migration work better for economies and people. Conversely, Nigeria, Ghana and other developing countries that have rising youthful populations are set to benefit from the global aging population...

April 25, 2023

NewsAging, Labor Market, Migration, Nigeria

25AprApril 25, 2023

Dashboard provider PensionSmith launches in UK

The integrated member web, education and communications platform has been operating in South Africa and Namibia since 2019 as ‘The Benefit Counsellor’. Having spent the last four years developing its platform, the firm has over 400,000 active members in South Africa, with a monthly engagement rate of over 50 per cent. The platform offers tools for member communication, member education, and aims to add a pension dashboard connection to allow members to view and interact with all their pension plans in...

April 25, 2023

NewsTechnology, UK

24AprApril 24, 2023

Colombia. Reforma pensional: “El proyecto es también una reforma tributaria”, director de Asofondos

En marzo fue presentado el proyecto de reforma pensional desde el Ministerio de Trabajo, con el cual se busca, entre otras cosas, que Colpensiones sea el mayor recaudador de pensiones en el país y no las administradoras privadas de fondos de pensiones. Pese a que al comienzo fue señalado que el documento había sido concertado con varios sectores, con el tiempo han venido saliendo a la luz alguna de las críticas y desacuerdos, una de las más mencionadas es...

April 24, 2023

Noticias, NoticiasColombia, Reforma de Pensiones

24AprApril 24, 2023

Panamá. Y si se unen los dos sistemas de pensiones, ¿Solución o desastre?

Hace un par de semanas tuve oportunidad de participar en la sesión de la subcomisión de la Asamblea Nacional que discute el proyecto de Ley No. 748, propuesto por Conato, que reforma la Ley 51 de 27 de diciembre de 2005 de la Caja de Seguro Social. En el artículo 45, de dicho proyecto, se elimina el subsistema mixto y el sistema de pensiones solo se queda con el subsistema exclusivamente de beneficio definido (SEBD). Pero la pregunta obligada es entender:...

April 24, 2023

Noticias, NoticiasDiseño de Pensiones, Panamá

24AprApril 24, 2023

Anuncian protestas contra el sistema financiero en República Dominicana

El presidente de la Confederación Nacional de Trabajadores Dominicanos (CNTD), Jacobo Ramos, calificó de tremendismo y atentado al sistema financiero el anuncio del diputado Pedro Botello de convocar manifestaciones frente a las entidades bancarias y las residencias de sus ejecutivos, en demanda de la entrega anticipada a los trabajadores del 30% de los fondos de pensiones. Consideró que a nadie en su sano juicio se le ocurre amenazar con convocar a ese tipo de manifestaciones, que además de quebrantar el...

April 24, 2023

Noticias, NoticiasPensiones Públicas, República Dominicana

24AprApril 24, 2023

China’s new private pension scheme draws $2.9bn in contributions

Contributions to China's fledgling private pension accounts have reached about 20 billion yuan ($2.9 billion) since their inception in November, with just under 70% of the funds invested, Caixin has learned, suggesting hesitation among some participants due to unfamiliarity with the system. Around 13.5 billion yuan has been invested across a range of eligible financial products, with the majority of the remaining funds just sitting idle in people's accounts, said people familiar with the matter. Bank deposits have been by far...

April 24, 2023

NewsChina, Private Pensions

24AprApril 24, 2023

US. Megatrends: The Longevity Economy

Pick up a birthday card in the supermarket and you might find some humorous quips about longevity, like "Scientific research recently found that the more birthdays you have, the longer you live." In reality, though, that's an experience nearly 90,000 centenarians currently living in the U.S. can relate to and appreciate, according to data from the United Nations. It's also a phenomenon that is expected to increase over time: According to demographers from the U.S. Census Bureau, the number of...

April 24, 2023

NewsAging, Longevity, US

April 2023