admin, Author at Pension Policy International

17NovNovember 17, 2021

Nigeria. Pension schemes subscribers increased by 3.6% year-on-year in 2020 – PenCom

The National Pension Commission, PenCom, has disclosed that the total membership of the pension Schemes increased by 3.6% from 8.95 million from December 2019 to 9.3 million in December 2020. This is according to the Commission’s recently released 2020 Annual Report. Growth in the industry is said to have been triggered by factors such as increase in the level of compliance by the public and private sectors owing to steps taken by the commission to improve compliance and coverage, as well...

November 17, 2021

News, Slider2021, Nigeria, savings

17NovNovember 17, 2021

Milliman: Pension risk transfer premiums more competitive

Pension risk transfer premiums became more competitive in October as deal volume is set to increase in the fourth quarter, a study by Milliman showed. The estimated buyout cost as a percentage of accounting liabilities (accumulated benefit obligation) was 102.5% as of Oct. 31, down from 102.7% as of Sept. 30, according to a report of the Milliman Pension Buyout index. September's premium was up significantly from 102.2% as of Aug. 31. Meanwhile, the average annuity purchase rates among the most competitive rates...

November 17, 2021

News, Slider2021, Pension Management, Risk

https://www.eleconomista.com.mx/sectorfinanciero/Retiros-por-desempleo-en-afores-repuntan-en-octubre-Consar-20211115-0016.html

16NovNovember 16, 2021

México. Monto de retiros por desempleo repuntó a 1,905 mdp en octubre

La Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) informó que el monto de los retiros parciales por desempleo de las administradoras de fondos para el retiro (afores) sumó 1,905 millones de pesos en octubre. Esto es la segunda cantidad más elevada en lo que va del año, sólo detrás de agosto, cuando se registraron 1,954 millones de pesos en retiros. En comparación mensual se observó un incremento de 0.5% en el monto retirado, mientras que en comparación anual...

November 16, 2021

Noticias, NoticiasMexico, Retiro de Fondos

Las jubilaciones, pensiones y salarios no han subido, pero sí lo han hecho las tarifas públicas con la consiguiente pérdida de poder de compra

16NovNovember 16, 2021

Uruguay. Las jubilaciones, pensiones y salarios no han subido, pero sí lo han hecho las tarifas públicas con la consiguiente pérdida de poder de compra

La inminente elección de autoridades en el Directorio del Banco de Previsión Social y el informe elaborado por la Comisión de Expertos en Seguridad Social (CESS), fueron los temas abordados con el diputado Sebastián Valdomir. El viernes 12 de noviembre dicha comisión elevó al Poder Ejecutivo ese informe final con los nueve votos del oficialismo y la delegada de las Cámaras Empresariales, Elvira Domínguez. En contra lo hicieron José Luis Baumgartner, Ernesto Murro y Jimena Pardo, representantes del Frente Amplio;...

November 16, 2021

Noticias, NoticiasPensiones, públicas, Uruguay

16NovNovember 16, 2021

UK. Retirees go back to work to cover pension shortfalls

After they were forced to shield during pandemic rather than top up their retirement income The number of Brits over the age of 70 returning to work is rising, research by financial advisory firm Salisbury House Wealth (SHW) has found. According to data by the Department for Work and Pensions (DWP) around 481,000 of over-70 are currently working – a 6% increase in the past year. The figure for 2020 was approximately 452,000, as older workers were asked to shield during the...

November 16, 2021

NewsAdequacy, Aging, UK

16NovNovember 16, 2021

Spain to raise social-security payments to fund coming pensions boom

Spain's government has agreed with unions to raise social-security contributions by 0.6% between 2023 and 2032 to help pay for the pensions of an upcoming wave of retirees, the Social Security Ministry said on Monday. Spain experienced a baby boom during the last two decades of Francisco Franco's dictatorship which ended in 1975, and people born during that era are expected to retire soon, putting state finances under increasing strain. Read also With more than 450 delegates, MENA’s biggest pensions conference...

November 16, 2021

NewsSocial Swcurity, Spain

16NovNovember 16, 2021

Experts Concerned About Senior Poverty in S. Korea as Aging Society Takes Speed

Experts are increasingly concerned over the issue of senior poverty caused by a lack of pension programs and other senior welfare policies as South Korea is becoming an aging society at twice the speed of Japan. The Korea Economic Research Institute (KERI) conducted a survey of 500 senior respondents over 65 years of age from South Korea and Japan, which showed that fewer South Korean seniors receive pensions than their Japanese counterparts. Read also Bangladesh. Guardian Life launches “Ajibon Pension Plan”...

November 16, 2021

NewsAging, South Korea

16NovNovember 16, 2021

With more than 450 delegates, MENA’s biggest pensions conference goes live in Bahrain

The Annual Arab Pensions Conference 2021 will be inaugurated tomorrow under the patronage of His Excellency Lieutenant Dr. Sheikh Mohammed bin Abdulla Al Khalifa, Chairman of the Supreme Council for Health, Chairman of Al-Hekma Retired Society. This year’s conference is held with the grand theme of: “What should MENA Pension Systems look like for the next 50 years?”. The annual conference has become a regional platform for discussing topics and issues related to pension and social security systems in MENA...

November 16, 2021

NewsMENA, Pension design

16NovNovember 16, 2021

UK. Could CDC solve the USS crisis?

Collective defined contribution has been touted as a possible long-term solution to the problems of the Universities Superannuation Scheme, but experts and unions are not convinced of its suitability. As Pensions Expert has reported previously, the USS trustee has been locked in protracted negotiations with employers, represented by Universities UK, and union members, represented by the University and College Union, over the outcome of its controversial 2020 consultation. The results of its latest valuation saw the scheme’s deficit quadrupling to more...

November 16, 2021

NewsPublic Pensions, UK

13NovNovember 13, 2021

The State of Retirement Income: Safe Withdrawal Rates 

What’s a safe withdrawal rate for retirees? We estimate 3.3%. However, there are various factors that could affect this percentage, resulting in the retiree withdrawing a significantly higher amount. This report explores ways that retirees can make their savings last longer without compromising their standard of living. Source @Morningstar

November 13, 2021

Books, Books, Pension design, Reports2021, Investment, Payout, savings

November 2021