April 2023
24Apr

UK. BP facing green rebellion at annual shareholder meeting

BP faces a green rebellion at its annual shareholder meeting on Thursday as some of Britain’s biggest pension funds prepare to demand the company toughen its plans to reduce its emissions by 2030. The National Employment Savings Trust (Nest), which represents about 11m individual workplace pensions, plans to back a resolution put forward by climate campaigners at Follow This, which calls for BP to align its emissions reduction plans with the Paris agreement. The campaign group has also won support from...

April 24, 2023
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24Apr

India. National Pension System likely to get a facelift

The recently-formed committee on the National Pension System (NPS) will review the nearly two-decade-old scheme with an intent to enable it to provide higher pensionary benefits, with higher contributions from both the government and employees. According to a source, the panel, headed by finance secretary TV Somanathan, might suggest guaranteeing a certain pension similar to the Old Pension Scheme (OPS), but without reverting to the non-contributory system. The proposal is to usher in the guaranteed component “in a graded manner”,...

April 24, 2023
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24Apr

Canada’s Biggest Pension Fund No Longer Bullish On Crypto After $95 Million FTX Wipeout

According to the Financial Times, Canada’s largest single-profession pension plan has learned its lesson after investing in crypto exchange FTX and will not be making any hasty decisions regarding future cryptocurrency investments. After losing $95 million in a now-defunct crypto exchange, the Ontario Teachers’ Pension Plan is no longer bullish on cryptocurrency investments. Several prominent funds invested in FTX between 2021 and 2022, just before the exchange’s eventual demise. Pension Plan No Longer Bullish On Crypto According to chief executive Jo Taylor,...

April 24, 2023
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21Apr

Incorporating Environmental, Social and Governance (ESG) Factors into fixed income investment

By The World Bank Group  A growing body of research shows that Environmental, Social and Governance (ESG) factors are material credit risk for fixed income investors. The evidence suggests that incorporating ESG into fixed income investing should be part of the overall credit risk analysis and should contribute to more stable financial returns. Its also dispels the myth that incorporating ESG means having to sacrifice financial returns. ESG investing is increasingly becoming part of the mainstream investment process for fixed income investors, as opposed...

April 21, 2023
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21Apr

Reforming against the demographic clock

By Allianz Research  The Covid-19 pandemic erased life-expectancy gains of almost a decade, pushing population aging and pension reform into the background. In fact, to alleviate the financial burden on private households and companies, governments not only put together aid packages worth billions of euros that drove up national debt, but also postponed already agreed upon reform measures, lowered contribution rates and allowed early withdrawals from retirement plans. As a result, the build-up of future pension entitlements and retirement savings slowed,...

April 21, 2023
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21Apr

Retirement Savings Behaviours and Covid-19: Evidence from Thailand

By Paul Gerrans, Sunatharee Lhaopadchan & Sirimon Treepongkaruna This paper utilises administrative data from members of the Thai Government Pension Fund to examine voluntary contributions and investment plan change. We find low overall incidence of both behaviours which increased only modestly during the onset of COVID-19. While the major finding is that members are in the minority if they engage in the behaviour regardless of gender, salary, balance, or experience in the fund, the relative probability varies systematically by member...

April 21, 2023
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21Apr

Shocks to Occupational Pensions and Household Savings

By Francesco Caloia, Mauro Mastrogiacomo & Irene Simonetti This paper studies the saving response of households to shocks in the capital position of their pension fund. Using survey panel data matched to supervisory data of Dutch occupational pension funds for a period that involved three major economic crises, we provide evidence of an increase in savings driven by a worsening of the financial position of pension funds. The identification strategy exploits cross-sectional and time variations in the funding ratios of...

April 21, 2023
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21Apr

Management of Retirement Funds by Republican vs. Democrat States: Understanding the Differences

By Mustafa O. Caglayan, Edward R. Lawrence & Robinson Reyes-Peña As most of the state pensions in the USA deal with their respective funding crisis, we compare the management approaches undertaken by funds located in the states that are governed by Republicans vis-à-vis funds that are located in states governed by Democrats. We find that pension funds located in states governed by Republicans display a lower funding ratio compared to the pension funds located in states governed by Democrats. The...

April 21, 2023
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21Apr

Colombia. Colpensiones en cifras Marzo 2023

Colpensiones presenta las cifras más relevantes en cuanto a la administración del régimen público de pensiones (Régimen de Prima Media – RPM) y del programa BEPS (Beneficios Económicos Periódicos). El boletín puede descargarse o visualizarse totalmente en línea, en formato pdf. Esta Administradora espera que la información sea de gran utilidad en términos de divulgación y consulta con fines informativos, académicos e investigativos. Personas afiliadas Afiliarse o trasladarse a Colpensiones es posible, siempre que se cumplan los requisitos. Marzo de...

April 21, 2023
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21Apr

Perú. Pensión mínima en las AFP aceleraría salida de afiliados de la ONP

El Ministerio de Economía y Finanzas (MEF) reglamentó la ley que crea las pensiones mínimas en el Sistema Privado de Pensiones (Ley n° 31670), cuyo plazo para publicarse ya se había vencido. A raíz de ello, cualquier afiliado activo vinculado a las AFP —no contempla a los ya jubilados— podrá acogerse voluntariamente a una Pensión Mínima Objetivo (PMO), la cual será fijada por el ciudadano, pero no debe ser menor a la canasta básica de consumo establecida por el...

April 21, 2023
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