admin, Author at Pension Policy International

03DecDecember 3, 2021

EU Pension Taxation: Removing Another Brick in the Wall?

By Hans van Meerten & Philip Bennett On 11 November 2021, the Court of Justice (Third Chamber) decided the case of MH and ILA (Pension rights in case of bankruptcy)(C-168/20). There was no Opinion by the Advocate-General. Although usually a sign thatthe case was not that important,there are exceptions.This seems one o them. This stems from a reference from the High Court of Justice of England and Wales (‘the High Court’) to the Court of Justice. The referred question related to...

December 3, 2021

Articles, Pension design2021, EU, Regulation, Taxation

03DecDecember 3, 2021

U.S. corporate plans’ funded status slips in November

Funding ratios for U.S. corporate pension plans decreased in November, according to reports from Legal & General Investment Management America, Insight Investment and Northern Trust Asset Management. Read also US. SEC guidance opens the door for more ESG proxy proposal LGIMA's monthly pension solutions monitor showed that the funding ratio of a typical corporate pension plan decreased by roughly 1.6 percentage points to 90.1% in November, primarily because of poor equity performance and lower Treasury yields. Read also US. Most Kentucky pension...

December 3, 2021

News, Slider2021, Defined Benefit, Funding, Occupational Pensions, US

03DecDecember 3, 2021

UK. Trustees warn lack of member appetite for ESG investing is hindering progress

More than half (53 per cent) of professional defined benefit (DB) pension trustees have cited the lack of member appetite for environmental, social and governance (ESG) investing as a factor hindering the growth of sustainable investing. The study, conducted by Charles Stanley Fiduciary Management, found that 35 per cent felt a lack of understanding about the options available as a hindrance, while the suspicion that ESG investing was just a fad, fears that it could harm returns, and underwhelming investment...

December 3, 2021

News, Slider2021, ESG, Regulation, UK

03DecDecember 3, 2021

How Technology Can Support Healthy Aging

As populations are aging around the world, people are spending more time in poor health. In 2019, the global average time spent in poor health was 10 years, up from 8.6 years in 2000. The COVID-19 pandemic has now exacerbated health risks for the elderly, while straining the capacity of health and care systems to cope with growing demand. This moment calls for a re-examination of how the elderly can age well: independently, well cared for and happily. Below are...

December 3, 2021

News, Slider2021, Aging, Technology

03DecDecember 3, 2021

Chile. Fondos de pensiones registraron rentabilidades positivas en noviembre liderados por los más conservadores

En noviembre todos los fondos de pensiones anotaron rentabilidades positivas, destacando la de los más conservadores. De este lodo fondos A y B anotaron alzas de 0,99% y 0,96%, respectivamente; mientras que el fondo C tuvo una aumento de 1,50%. Por su parte, los fondos D y E subieron 3,03% y 4,42% cada uno. De acuerdo al reporte de la Superintendencia de Pensiones la rentabilidad del fondo de pensiones tipo A se explicó principalmente por el retorno positivo que tuvieron las...

December 3, 2021

Noticias, Noticias2021, Chile, COVID-19, Rentabilidad

03DecDecember 3, 2021

México. La salud financiera y el retiro digno es responsabilidad de todos

Una recomendación de educación financiera básica es que todos deberíamos guardar al menos 5% de lo que ganamos y considerar que ganamos el 95% de lo que tenemos, apunta Marcela Flores. (iStock) (Expansión) - El desempleo derivado de la pandemia de COVID-19 en México orilló a muchos trabajadores a echar mano de los fondos de su Afore para tratar de resolver su emergencia. La posibilidad que por ley tienen los trabajadores de disponer de estos recursos, por motivo de desempleo, fue...

December 3, 2021

Noticias, Noticias2021, Mexico, Protección Social

03DecDecember 3, 2021

Perú. David Tuesta: «Más de 5 millones de afiliados a las AFP se quedaron sin ahorros para su vejez»

«Las leyes aprobadas por el Congreso anterior en materia de fondos de pensiones fueron un desastre, porque su visión cortoplacista que solo buscó los aplausos no contó con un análisis de costo-beneficio para los afiliados al Sistema Privado de Pensiones (SPP), incrementando la vulnerabilidad en la vejez», sostuvo David Tuesta, exministro de Economía y Finanzas. A manera de resumen anual, explicó que dichas normas que permitieron retiros entre 2020 y 2021 fueron excesivas. «Si bien la pandemia justificaba el acceso...

December 3, 2021

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

02DecDecember 2, 2021

UK. New FCA rules require firms to give ‘stronger nudge’ towards pension guidance

From 1st June 2022 pension providers will have to give customers a stronger nudge to Pension Wise when they decide to access their savings. Read also UK government floats plan to relax fee limit on pension fund investments Providers will be required to refer customers to Pension Wise guidance, explain the nature and purpose of the guidance and offer to book a Pension Wise guidance appointment in most cases. Read also UK. Trustees warn lack of member appetite for ESG investing is...

December 2, 2021

News, Slider2021, Financial Literacy, Regulation, UK

02DecDecember 2, 2021

México. Reforma a fondo al sistema pensionario, tema pendiente

Pese a una reforma al sistema de pensiones que incrementa las aportaciones de los trabajadores y reduce las comisiones que cobran las Administradoras de Fondos para el Retiro (Afore), la realidad es que en los primeros tres años de gobierno no ha habido una “cuarta transformación” en materia de pensiones, aseguró Gustavo Leal Fernández, experto de la Universidad Autónoma Metropolitana (UAM) en temas de seguridad social. Para el especialista, el desafío pensionario en México sigue igual que como estaba antes...

December 2, 2021

Noticias, Noticias2021, Mexico, Reforma de Pensiones, Sector Informal

02DecDecember 2, 2021

US. Most Kentucky pension plans face billions in debts, but not the one for legislators

Despite many billions in public pension debts, Kentucky has a state pension fund that is literally overflowing with cash — the one reserved for legislators. Last week, lawmakers in Frankfort were briefed on the Fiscal Year 2021 performance of their Legislators Retirement Plan, which provides them with state-subsidized pensions and health insurance. Their $79 million pension plan has a funding level of 108.9 percent, which is up from 106.3 percent in 2020. Their retiree health insurance plan is 362 percent funded. By...

December 2, 2021

News, Slider2021, Funding, Public Pensions, System sustainability, US

December 2021