March 2021
16Mar

Australia pensions ink deal to create $208.5 billion mega fund

Two of Australia's largest pension funds moved a step closer to creating a A$200 billion (S$208.5 billion) giant as the world's fourth-biggest pension pot consolidates. Read also Italy. Pension funds seize first Italian green bonds offering Super and Sunsuper have signed a deal to merge, the two funds said in a joint statement on Monday (March 15). The Brisbane-based funds will combine by September. Read also Too much, or not enough: the risks of drawdown "This historic agreement will pave the way for...

March 16, 2021
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16Mar

U.S. Participants don’t know what is happening to their fees

A survey finds nearly three-quarters of Americans don’t know how much they pay in retirement plan fees, while the ‘401k Averages Book’ shows fees continue to come down. Nearly three-quarters of Americans surveyed do not know how much they pay in fees for their retirement accounts, according to a survey commissioned by investment management firm Rebalance. More than half of survey respondents (57%) indicated they believe that they pay either no fees, or very low fees, to maintain their retirement investment...

March 16, 2021
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16Mar

Philippines. House panel pitches change in private retirement system

THE House Committee on Banks and Financial Intermediaries on Monday started deliberating the proposed Capital Market Development Act to establish a new private retirement and pension system in the country. However, Labor Secretary Silvestre Bello III quickly told the committee that while the Department of Labor and Employment (DOLE) lauded the intent of House Bill 8939, the costs to be shouldered by both employers and workers may not be generally welcomed, especially at a time when most people are still...

March 16, 2021
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“Pensions for women, the challenges ahead. International Women’s Day Selection of News and Research”

UK. Pension challenges women face will impact on their retirement 03/12/21 March 8 marks International Women’s Day and celebrates the social, economic, cultural and political achievements of women. Ghana. Low financial literacy responsible for low patronage of pensions by women and informal workers 03/12/21 A Compliance officer with the National Pensions Regulatory Authority (NPRA) says low financial literacy is the cause of low patronage of the pension scheme among women and people in the informal sector. Taking a workforce break to raise children...

March 12, 2021
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12Mar

Towards Improved Retirement Savings Outcomes for Women

By OECD Labour market inequalities are well-known to be the main drivers of the gender pension gap. This publication focuses on helping governments find solutions for retirement savings arrangements that do not further exacerbate these inequalities. This study first analyses why the gender pension gap exists and sheds light on some of the behavioural and cultural factors that contribute to these inequalities. Country case studies assess how demographics, labour markets and other factors may affect gaps in pension coverage, assets...

March 12, 2021
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12Mar

La sustentabilidad en muchos ‘fondos ambientales’ está lejos de ser sustentable

Desde hace años se habla de las inversiones sustentables, pero en el mercado mexicano estuvieron en boga en octubre de 2020, cuando el mayor gestor de recursos a nivel mundial, BlackRock, de la mano de cinco administradoras de ahorro para el retiro (Afores), lanzó el primer fondo cotizado (ETF, por su siglas en inglés) que incluye principios ambientales, sociales y de gobernanza. Desde entonces, el ETF iShares ESG MSCI México ha atraído más de 500 millones de dólares. Sin...

March 12, 2021
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12Mar

Chile. Tercer retiro desde las AFP: Superintendencia calcula que hasta seis millones de afiliados podrían quedar sin saldo y pensiones futuras caerían 30%

Algunos parlamentarios han estado preocupados por los eventuales impactos de un posible tercer retiro del 10%, ante dos iniciativas de Ley que hoy se encuentran en el Congreso. Uno de ellos es el diputado Camilo Morán, el que ofició a la Superintendencia de Pensiones para que le respondiera acerca de algunos efectos sobre el sistema previsional de otro proceso de retiro desde las cuentas individuales de las AFP. Y el regulador contestó. Leer también Chile. Las AFP reciben instrucciones relacionadas...

March 12, 2021
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12Mar

China. Power or Profits: Beijing’s Pension Dilemma

When it comes to China’s economy, the sexy issue is the annual growth target for gross domestic product or carbon emissions or corporate debt defaults or the property market. But only one topic is really important for the longer-term survival of the Communist Party regime: pensions. And the party seems to know it. Read also India. NPS Scheme: PFRDA empowers National Pension System subscribers by offering this facility – Check benefits That’s why pension reform popped up, albeit in attenuated form,...

March 12, 2021
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12Mar

U.K. Pensions Regulator proposes new criminal charges against sponsors

By Paulina Pielichata The U.K.'s The Pensions Regulator is looking for industry input on its new criminal sanctions policy, including two new charges the regulator may bring against pension fund sponsors. Read also Italy. Pension funds seize first Italian green bonds offering The regulator was given new powers under the Pension Schemes Act 2021, which was enacted in February and allows TPR to investigate and charge company executives for misconduct related to pension funds. Read also Warning lights flickering for South Africa’s wealthy...

March 12, 2021
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12Mar

Italy. Pension funds seize first Italian green bonds offering

Pension funds and insurance companies snatched up the largest share of green bonds (14.3%) issued by the Italian government among the investors with a long-term investment horizon, the Finance Ministry said in a note. Central banks and government institutions bought the remaining 10% of the total 24.3% of the green bonds allocated to long-term financial investors, it added. Hedge funds secured 3.6%, while fund managers acquired 53.1% of the total green bonds issued, with banks underwriting 18.5%. A total of 530 investors...

March 12, 2021
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