admin, Author at Pension Policy International

21MayMay 21, 2021

Japan’s Number Two Pension Fund to Post Best Returns in 20 Years

Japan’s second-largest pension fund said it expects to post the best returns since 2001 on the back of the global equity market’s rally and is looking to expand sustainable investing. Returns likely exceeded 20% in the the year ended March, said Shigemune Sato, the director-general of the fund management department at the Pension Fund Association for Local Government Officials. The fund, known as Chikyoren, tracks the portfolio of Japan’s Government Pension Investment Fund, the world’s largest pension pot, and is...

May 21, 2021

NewsInvestment, Japan, Pension Management

21MayMay 21, 2021

México. Las Afore cierran abril con plusvalías de 72 mil 322 mdp: Consar

Las administradoras de fondos para el retiro (Afore) rompieron una racha negativa de dos meses y en abril pasado registraron plusvalías para los trabajadores por 72 mil 322 millones de pesos, informó la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Luego de un par de meses con minusvalías, las administradoras han otorgado ganancias por 81 mil 353 millones de pesos en lo que va del año. En enero, las Afore registraron plusvalías por 86 mil 544 millones de...

May 21, 2021

NoticiasAdministración de Pensiones, América Latina, Mexico, Rendimientos

21MayMay 21, 2021

Panamá CSS ha utilizado más de $805 millones de sus reservas en los últimos tres años para afrontar déficit

En 2020, ante la crisis, la CSS optó por inversiones a corto plazo que rinden menos, en lugar de inversiones a largo plazo con mejor rendimiento. Leer también Panamá. Pandemia adelantará para 2024 caída del subsistema de beneficio definido de la CSS; deuda con pensionados supera los $18 mil millones La Caja de Seguro Social (CSS) ha utilizado al menos 805.9 millones de dólares de sus reservas en los tres últimos años para poder financiar los déficits que ha tenido la...

May 21, 2021

NoticiasAmérica Latina, Panamá, Pensiones Públicas

21MayMay 21, 2021

US. Biden orders federal climate-risk financial strategy, with implications for homeowners, pensions and government contracts

President directs agencies to analyze and mitigate the risk climate change poses to the financial system, and he’ll use the findings in the budget process. President Joe Biden is mandating a federal government strategy to quantify climate-change risks to public and private financial assets. Banking, housing and agriculture regulators are among those who will be asked to use climate risk in their supervision of major industries, including the lending of federal funds and decisions on federal contracts. Some Department of Labor-regulated...

May 21, 2021

NewsClimate crisis, Risk, US

21MayMay 21, 2021

Canada Pension Plan Investment Board eyes assets in shift to clean energy

The Canada Pension Plan Investment Board (CPPIB) is hunting for investments in the world’s transition to renewable energy as it aspires to be a global leader in sustainability, the head of the company told Reuters on Thursday. “One of the keys here is investing in the transition with a view that for the world to transition to a zero carbon world, many of the existing conventional players are going to be leaders in the future,” John Graham, president and chief...

May 21, 2021

NewsCanada, ESG, Investment

20MayMay 20, 2021

Prospective Longevity

By Warren C. Sanderson, Sergei Scherbov From two leading experts, a revolutionary new way to think about and measure aging. Aging is a complex phenomenon. We usually think of chronological age as a benchmark, but it is actually a backward way of defining lifespan. It tells us how long we’ve lived so far, but what about the rest of our lives? In this pathbreaking book, Warren C. Sanderson and Sergei Scherbov provide a new way to measure individual and population aging. Instead...

May 20, 2021

Aging, Books2019, Labor Market, Longevity, Sustainability

20MayMay 20, 2021

Power to the Public: The Promise of Public Interest Technology

By Tara Dawson McGuinness, Hana Schank “Worth a read for anyone who cares about making change happen.”—Barack Obama A powerful new blueprint for how governments and nonprofits can harness the power of digital technology to help solve the most serious problems of the twenty-first century As the speed and complexity of the world increases, governments and nonprofit organizations need new ways to effectively tackle the critical challenges of our time—from pandemics and global warming to social media warfare. In Power to the...

May 20, 2021

Blogs, Pension Management, Regulation2021, Public Policy, Technology

20MayMay 20, 2021

Scaling Up Sustainable Investment through Blockchain-Based Project Bonds

By Yushi Chen, Ulrich Volz This paper explores options for mobilizing domestic savings through fintech solutions to scale up sustainable investment. Most developing and emerging economies face an urgent need to scale up sustainable finance for low-carbon and climate-resilient infrastructure investment, yet underdeveloped capital markets tend to inhibit domestic resource mobilization for infrastructure investment. At the same time, domestic savers in many developing and emerging economies face a scarcity of “safe” assets in the local currency, resulting in the exporting...

May 20, 2021

Articles, Investing, Savings2021, Fintech, Pension design, Sustainability, Technology

20MayMay 20, 2021

How Competitive Are Income Annuity Providers Over Time?

By David Blanchett, Michael S. Finke, Branislav Nikolic The 2019 SECURE Act provides safe harbor protections to employers who evaluate the costs of providing guaranteed income including gathering information on competing providers. Annuities can be more difficult to evaluate than mutual funds because annuity expenses can be opaque, financial strength matters, and insurer competitiveness can change over time. We find significant variation in the payout rates across providers over time. While the payout rankings of annuity companies (e.g., best to...

May 20, 2021

Articles, Pension design2021, Income, Payout, US

20MayMay 20, 2021

Social Security, Taxation Law, and Redistribution: Directions for Reform

By Alison McClelland, Richard Krever While it is now generally accepted that some redistribution of economic power is a legitimate goal of government, there is no consensus as to the type of redistribution that should be pursued. In the absence of a clear redistributive goal, it is impossible to evaluate critically current law, or make recommendations for change. In the first part of this article, we examine alternative models of redistribution and advocate a preferred model, namely, redistribution to promote...

May 20, 2021

Articles, Regulation, System SustainabilitySocial Security, Taxation

May 2021