October 2021
21Oct

Canada. Uber drivers, gig workers pressure Ontario government for employee status

Tens of thousands of people in the province drive and deliver for apps such as Lyft, DoorDash People who drive and deliver for apps such as Uber and DoorDash are calling on the Ontario government to grant them the rights of employees. The province's minister of labour says new protections for gig workers are coming and says it's wrong for app-based workers to earn less than minimum wage. Industry sources tell CBC News they expect the Ford government will soon reveal...

October 21, 2021
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21Oct

Ghana. NPRA to target informal sector as it holds Pensions Week in Western Region

Mr Stanley Ogoe, Western Regional Director of the National Pensions Regulatory Authority (NPRA) has hinted that the Authority is taking steps to enlighten the informal sector workers on the benefits of having a retirement plan and becoming members of pension schemes to enable them to start their retirement plans early. He noted that workers in the informal sector so far, have shown the least interest in the 3-tier pension scheme and for that matter the NPRA was therefore encouraging workers...

October 21, 2021
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21Oct

How Green is Your Pension?

Some of the UK's biggest businesses have yet to sign up to any net zero commitments, but there are signs of changes afoot Pension schemes are huge, and hugely influential, beasts. Scheme membership has widened massively over recent years as a result of auto-enrolment, with almost eight in 10 UK employees now enrolled in a workplace pension. Clearly, then, they play a critical role in the country’s investment landscape. According to the latest government data, private sector pension funds had a...

October 21, 2021
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20Oct

EEUU. Más de dos tercios de los latinos no ahorran para la jubilación

Más de dos tercios de los hogares hispanos en el país no están ahorrando para el retiro a través de los planes de jubilación que se ofrecen en los sitios de trabajo, como el 401(k), reveló un estudio de la empresa de servicios financieros Morningstar. “En general vemos que los latinos-estadounidenses tienen menores tasas de ahorro en comparación con los hogares blancos”, dijo este martes a Efe Samantha Lamas, una de las autoras del reporte, titulado “Una mirada más cercana...

October 20, 2021
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20Oct

Costa Rica. Caja inició consulta pública de reformas al Reglamento IVM

El viernes 15 de octubre la Gerencia de Pensiones inició la consulta pública a las reformas del Reglamento del Seguro de Invalidez, Vejez y Muerte, por un periodo de 15 días, es decir, hasta el 4 de noviembre. Tras la publicación de las reformas en el diario La Gaceta número 198 del 14 de octubre, la gerencia, en atención a lo instruido por la Junta Directiva de la Caja, somete a consulta pública la reforma de los artículos 5, 23...

October 20, 2021
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20Oct

Pension, health costs to dwarf COVID debt legacy in long term -OECD

The costs of repaying debt raised to help households and businesses through the COVID-19 crisis will be dwarfed by those from long-term trends like funding pensions and health services as societies age, the OECD said in a report on Tuesday. Read also  Canada. Uber drivers, gig workers pressure Ontario government for employee status Examining the economic outlook out to 2060, the Organisation for Economic Cooperation and Development said governments will increasingly have to contend with the costs associated with aging populations...

October 20, 2021
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20Oct

They Fought Apartheid in South Africa. Now They Want Veterans’ Benefits.

Lesley Kgogo was 17 years old when he traded a school uniform for military fatigues and joined the armed wing of the African National Congress in the fight to overthrow the apartheid regime in South Africa. He was among thousands who trained and slept in bush camps in other countries and then returned to join the insurgency that ultimately helped to topple the repressive white-minority government. Read also South Africa. Millennials hardest hit financially in 2020, study shows More than 40 years...

October 20, 2021
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20Oct

US. Allianz, Calpers to Cut Portfolio Emissions by Up to 30% by 2025

By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the  California Public Employees’ Retirement System, intend to have cut the emissions of their portfolio holdings by at least 25%. The targets, which cover publicly-traded equities, corporate bonds and real estate portfolios, were announced in a statement Wednesday by the Net Zero Asset Owner Alliance, which was convened by the United Nations. Other firms that are part of the group and have also made such  a commitment include  Aviva Plc and Swiss Re AG. Eliminating emissions generated from their holdings has...

October 20, 2021
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20Oct

Bahrain’s MPs urged to fast-track pensions debate

Pensioners are demanding that Bahrain’s MPs fast-track a government bill granting a three per cent increment to them, starting this year. Many of the pensioners, interviewed by our sister paper Akhbar Al Khaleej, have expressed their dismay at the delay in the discussion of a draft law on pension funds referred by the government to the council in March. The law includes granting pensioners an annual increment of 3pc beginning from this year. Postponements and procrastination rob pensioners of the badly-needed increment,...

October 20, 2021
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20Oct

Avoiding a pensions disaster at UK universities

After two years of pandemic-induced disruption, students at UK universities were hoping this term that things were slowly returning to normal. But life may soon get much worse again and this time it has nothing to do with Covid-19. Ballots on strike action by lecturers have been called at UK universities. The issue is pensions; more precisely, whether the Universities Superannuation Scheme (USS) — the largest pension scheme in the UK with 470,000 members and £85bn in assets — has sufficient...

October 20, 2021
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