admin, Author at Pension Policy International

17DecDecember 17, 2021

U.K. offers pension trustees guidance on climate standards

The Pensions Regulator issued guidance Thursday to help U.K. pension trustees meet new standards for climate-related governance and reporting of both risks and opportunities. Part of trustees' responsibility is making sure that the external advice they get is relevant and competent, the regulator said in a news release. "We recognize that the governance and reporting of climate-related risk is relatively new, so trustees may be more reliant on external experts while they build their scheme's capability in this area," said David...

December 17, 2021

News, SliderClimate crisis, Pension Management, UK

¿Cómo se modifican las pensiones con el nuevo salario mínimo en Colombia?

17DecDecember 17, 2021

Hay un nuevo salario mínimo en Colombia, y así modifica las pensiones

La definición del salario mínimo suele ser uno de los momentos clave en cada Navidad. A su modo, es una celebración muy colombiana, que en muchos casos es plena en improvisación y desacuerdo, aunque en otros suele ser escenario de algo de esperanza y debate constructivo entre contrarios. Leer también Colombia. Corte hace un llamado a atender tramites de pensión con enfoque de género Pero más allá de ser una suerte de postal decembrina, el alza del salario aún le pega...

December 17, 2021

Noticias, Noticias2021, Colombia, Ingreso

17DecDecember 17, 2021

New EU proposal aims to make long-term investment funds more attractive

Money managers operating in the European Union anticipate an increase in alternative investment opportunities as regulators relax rules for European long-term investment funds. Under the latest proposal to reform the Capital Markets Union — an ongoing initiative aimed at creating a single pan-European financial market — the European Commission is revising how money managers can set up and market European long-term investment funds, known as ELTIFs. These collective investment strategies — currently only offered by certain alternatives money managers —...

December 17, 2021

News, Slider2021, EU, Investment

17DecDecember 17, 2021

México. Los retiros por desempleo en las Afores se encaminan a un récord en 2021

De enero a noviembre, los mexicanos que se vieron obligados a sacrificar su ahorro para el retiro por estar en desempleo sacaron en total 20,057 millones de pesos de su Afore. El año de la reactivación económica queda a deber a millones de mexicanos que tras haber perdido su empleo han tenido que recurrir a sus ahorros para el retiro para poder solventar sus gastos. Entre enero y noviembre de este año, los mexicanos que se quedaron sin empleo y solicitaron...

December 17, 2021

Noticias, Noticias2021, COVID-19, Mexico, Retiro de Fondos

17DecDecember 17, 2021

Canada. CPPIB targeting high carbon emitters for long-term investments

The Canada Pension Plan Investment Board is pursuing a new strategy that involves investing in businesses with high greenhouse gas emissions and a desire to reduce them. The strategy, which is published in a new report, aims to identify companies committed to creating value by lowering their emissions in a manner that’s consistent with the CPPIB’s own timeframe. The strategy was devised by Bill Rogers, managing director and head of sustainable energies; Mike Conrad, principal in sustainable energies; and Art Pithayachariyakul,...

December 17, 2021

News, Slider2021, Canada, ESG, Investment, Pension Management

16DecDecember 16, 2021

US. Record Returns Not Enough to Ensure Public Pension Stability

Despite logging average returns of 27.5% during fiscal year 2021, state pension plans still face a large funding shortfall and might have billions more in unfunded liabilities not yet recognized on their books, according to a recent report from nonprofit Equable Institute. “This past year has been an incredibly helpful boost to state pension funds that spent a decade mired in mediocrity,” Equable Institute Executive Director Anthony Randazzo said in a statement. “But even a nearly $400 billion improvement in...

December 16, 2021

News, Slider2021, Public Pensions, System sustainability, US

16DecDecember 16, 2021

UK. WPC launches inquiry into saving for later life

The Work and Pensions Committee (WPC) has launched the third and final part of its inquiry into the impact of the pension freedoms and protection of savers, focusing on what needs to be done to help people plan and save for retirement. The inquiry, which will be hearing evidence until 2 February 2022, will consider whether households have adequate pension savings and how the government can improve member outcomes. In particular, it will consider issues around auto-enrolment, retirement income targets and...

December 16, 2021

News, Slider2021, COVID-19, Financial Literacy, savings, UK

16DecDecember 16, 2021

Switzerland. Pension reform passes in parliament but set to be challenged to vote

By SWI The overhaul also foresees financial compensation – staggered over nine years for women directly affected by the change – as well as an increase in value-added tax. Both chambers of parliament on Wednesday agreed on a series of compromises, but left-wing political parties and trade unionsExternal link have vowed to challenge the reform in a nationwide vote. They argue women have to bear the brunt of the reform as their official retirement age will be set at 65, in line...

December 16, 2021

News, Op-Ed2021, Pension Reform, Retirement Age, Switzerland

16DecDecember 16, 2021

México. Ahorrro voluntario esquiva al COVID-19 y sus variantes; crece en más de 20% a octubre

El ahorro voluntario y solidario de las Administradoras de fondos para el retiro (Afores) se ha mantenido con crecimientos de doble dígito, pese a la incertidumbre que se generó durante la pandemia del COVID-19 en 2020 y el temor de nuevas variantes en este año como ómicron. De acuerdo con datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), al cierre de octubre, el saldo del ahorro voluntario y solidario ascendió a 147,711 millones de pesos,...

December 16, 2021

Noticias, Noticias2021, Administración de Pensiones, Ahorro Voluntario, Mexico

16DecDecember 16, 2021

UK. 48% of retirees worried about pension adequacy

Almost half (48 per cent) of retirees are worried that they may eventually run out of money in retirement, yet 41 per cent have no plan as to how much they should be spending each year to avoid this issue, research from Abrdn has revealed. The survey showed that 24 per cent of retirees, around 3 million Brits, were expecting to boost their savings with inheritance, whilst 33 per cent, equal to around 4 million retirees, plan to downsize to...

December 16, 2021

News, Slider2021, Adequacy, UK

December 2021