May 2021
31May

China. ‘Third pillar’ of pension cover can help aging society

Two important documents－this year's Government Work Report and the 14th Five-Year Plan (2021-25) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035－put forward that the so-called third pillar of endowment insurance will develop in a well-regulated way. China entered the club of aging societies in 2000. While the total population is growing at a low speed, the elderly group has been growing at a high speed in recent years. According to the seventh national population census,...

May 31, 2021
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28May

World Population Ageing 2019

By United Nations 1. Population ageing is a global phenomenon: Virtually every country in the world is experiencing growth in the size and proportion of older persons in their population. There were 703 million persons aged 65 years or over in the world in 2019. The number of older persons is projected to double to 1.5 billion in 2050. Globally, the share of the population aged 65 years or over increased from 6 per cent in 1990 to 9 per...

May 28, 2021
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28May

Trends in Labor Supply of Older Men and the Role of Social Security

By Zhixiu Yu The labor supply of older men increased from the 1930s to the 1950s cohort. I estimate a structural model that fits the participation and hours worked by the 1930s cohort well. The observed policy changes in normal retirement age, the earnings test, and delayed retirement credits explain 73.4% and 88.7% of the observed rises in labor force participation and hours worked by the 1950s cohort. Additional policy experiments suggest that postponing retirement age have little effect on...

May 28, 2021
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28May

Differences and Similarities in Patterns of Society Ageing in the European Union

By Denisa Kočanová, Viliam Kováč, Jan Buleca Population ageing is a demographic problem, which emphasises the need to be interested in the lives of the most vulnerable group–the elderly. The paper investigates the ageing process and similarity of selected countries in the European Union. The EU Member States were assessed and assigned to appropriate clusters according to several indicators related to the areas that affect the lives of the elderlies, namely health status, labour market conditions, and financial security. We...

May 28, 2021
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28May

Population and Labor Dynamics in Large Informal Markets: Implications for Pension Systems with Evidence from Ecuador

By Margarita Velín-Fárez This paper reviews Ecuador’s population structure and labor market dynamics with a focus on the causes of inequality, particularly among older adults receiving contributory pensions. This serves as a basis for characterizing the main restrictions that the Ecuadorian pension system must address. This analysis is valuable for three key reasons. First, the population structure of many less developed countries is converging toward that of developed countries, with older age groups increasing in proportion. Second, Ecuador is among...

May 28, 2021
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28May

“No más AFP en el Perú”: candidato presidencial de izquierda propone implementar “Banco de los Trabajadores” en reemplazo de sistema de pensiones

Cuando falta poco más de una semana para la segunda vuelta de las elecciones presidenciales en Perú, los candidatos están mostrando todas sus cartas para conquistar al electorado. Así, el izquierdista Pedro Castillo, abanderado del partido Perú Libre, propuso eliminar las Administradoras de Fondos de Pensiones (AFP) para dar paso a la implementación del “Banco de los Trabajadores”, como parte de su propuesta de cambio radical al sistema económico. Leer también  Perú inicia el tercer retiro de las AFP y...

May 28, 2021
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28May

UK pension asset owners join Net-Zero Asset Owner Alliance

Three UK pension asset owners have signed up to the UN-convened Net-Zero Asset Owner Alliance. As reported by our sister publication, European Pensions, Phoenix Group, Legal & General (L&G) and Rothesay all joined alongside Germany’s largest pension fund under public law, Bayerische Versorgungskammer (BVK), and Asia- and Africa-focused insurance group, Prudential plc. The five new signatories have added a combined USD 900bn AUM to the alliance, meaning it now consists of 42 assets owners managing a combined USD 6.6trn of assets. By...

May 28, 2021
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28May

US. Market Rebound Spurs Record 33.55% Return for NY State Pension Fund

The New York State Common Retirement Fund (NYSCRF) reported a 33.55% investment return for the fiscal year ending March 31, the largest one-year investment return in the fund’s history. It easily beat its long-term expected rate of return of 6.8%. Read also US. New York City Pensions to Fund $250 Million Apartment Venture The performance, which reflected the financial markets’ rebound from last year’s market crash after the COVID-19 pandemic first hit, raised the fund’s asset value to an estimated $254.8...

May 28, 2021
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28May

Africa’s Biggest Fund Manager Loses Head of Impact Investing

Roy Rajdhar, the executive head of impact investing at Africa’s biggest fund manager, has quit. Rajdhar’s departure comes after South Africa’s Public Investment Corp. told staff on May 6 that his 14-month suspension had been lifted. Rajdhar on Thursday confirmed his departure, but declined to comment further. The executive’s exit comes after employees of the Isibaya Fund, which includes the department Rajdhar ran, accused some of the money manager’s senior leaders of causing an “existential crisis” by allowing a mandate with...

May 28, 2021
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27May

Perú inicia el tercer retiro de las AFP y futuro para las compañías luce incierto poselecciones

Desde esta semana en Perú se puede solicitar el tercer retiro de los fondos en las AFP, empatando así a Chile, donde también se ha acudido tres veces a los fondos previsionales para dar respuesta a la crisis económica que ha desatado el Covid-19. Leer también Análisis comparativo de la rentabilidad y liquidez en las administradoras de fondos de pensiones, Perú Las otras dos normativas ya han dejado huellas importantes en el Sistema Privado de Pensiones (SPP). Según los últimos datos...

May 27, 2021
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