admin, Author at Pension Policy International

09MarMarch 9, 2021

Banks, pensions, and sovereign funds fail to achieve gender balance, finds OMFIF

By Madeleine Taylor Less than 1 per cent of central banks, sovereign funds, public pension funds and commercial banks have achieved gender balance within their workforces, according to a comprehensive survey by Official Monetary and Financial Institutions Forum (OMFIF). Think tank OMFIF surveyed 540 institutions on gender diversity among senior staff, and found only three that had achieved perfect scores for gender balance among their senior staff, while another 12 were “close to achieving balance”. The three highest ranking institutions were US...

March 9, 2021

News, Slider2021, COVID-19, Gender Gap, Investment, Pension Management

09MarMarch 9, 2021

UK. Pension challenges women face will impact on their retirement

By Jessica List March 8 marks International Women’s Day and celebrates the social, economic, cultural and political achievements of women. The campaign theme for this year is ‘Choose To Challenge’. The reason this has been chosen is that the organisers recognise that a challenged world is an alert world, and from challenge comes change. It is amazing to think that International Women’s Day is over 100 years old, the first gathering was in 1911. Much has changed over this time but according...

March 9, 2021

News, OP Ed, Slider2021, South Africa, Taxation

09MarMarch 9, 2021

Ghana. Low financial literacy responsible for low patronage of pensions by women and informal workers

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. Lois Asiamah said the lack of adequate and appropriate information concerning pensions has left a lot of Ghanaian women and others in the informal sector unaware of the opportunities and advantages of investing in a pension scheme. She added that due to the lack of financial literacy, people in...

March 9, 2021

News, Slider2021, Financial Education, Gender Gap, Ghana

09MarMarch 9, 2021

Why SFDR is a gamechanger for the ESG landscape

Requirements emanating from the EU's Sustainable Finance Disclosure Regulation (SFDR), which are broad in scope, impacting not only asset managers but also other financial market participants including the likes of insurers, pension providers, as well as qualifying venture capital and social entrepreneurship managers. Julian Ide explains the significance of the SFDR In recent years, the demand for ESG products from investors has grown quite rapidly with no signs of slowing down. Investors increasingly want products that better reflect their values and beliefs,...

March 9, 2021

News, Slider2021, ESG, Investment

09MarMarch 9, 2021

China Plans New State Pension Firm as Population Ages

China plans to create a new state-owned pension firm to tackle a massive funding gap as the world’s largest population struggles to finance retirement despite decades of economic growth. The China Banking and Insurance Regulatory Commission is mulling a national pension company with state-owned banks and insurers as shareholders, according to people familiar with the discussions. Details such as the shareholding structure and size of investment are still being hammered out, they said, declining to be identified as the plan...

March 9, 2021

News, Slider2021, Aging, China, COVID-19, Public Pensions

09MarMarch 9, 2021

Taking a workforce break to raise children hurts retirement savings – economist

By Margarida Correia Taking time off from the workforce to take care of children can put a serious dent in workers’ long-term retirement savings. That was one of the central points that Michael Madowitz, an economist with the Center for American Progress, made as the keynote speaker Monday at Pensions & Investments' 2021 Defined Contribution Virtual Conference. A 29-year-old woman earning $44,000 who decides to take two years off for raising a child would not simply lose $88,000 for the two years she...

March 9, 2021

News, OP Ed, Slider2021, COVID-19, Gender Gap, savings

08MarMarch 8, 2021

México. 55% de los trabajadores no alcanzaría una pensión aún con la reforma: Banxico

De mantenerse los niveles actuales de intermitencia laboral de los mexicanos entre el mercado formal e informal, 55 por ciento de los trabajadores no va a alcanzar una pensión cuando, por ley, se pidan mil semanas de cotización ante el IMSS como requisito para obtenerla, estimó el Banco de México. Leer también México. Proponen no descontar semanas de cotización por retiro de desempleo La reforma al sistema de pensiones que se aprobó en diciembre redujo de mil 250 a 750 el...

March 8, 2021

Noticias2021, América Latina, COVID-19, Mexico

08MarMarch 8, 2021

Perú. Retiro de AFP: Comisión del Congreso debatirá este lunes 8 proyectos de retiro de fondos

La Comisión de Economía del Congreso de la República debatirá este lunes 8 de marzo los nuevos proyectos de ley que permitirían un nuevo retiro de fondos de las AFP, en medio de la pandemia por coronavirus que atraviesa el país. Recordemos que en la última sesión del miércoles 3, la Comisión de Economía aprobó con 11 votos a favor declarar en sesión permanente para evaluar tres proyectos de ley presentados por dos congresistas de Podemos Perú y uno de...

March 8, 2021

Noticias2021, América Latina, COVID-19, Perú, Retiro de Fondos

08MarMarch 8, 2021

Panamá. Empresarios afirman que la CSS no necesita más parches, sino una reestructuración urgente

La Cámara de Comercio, Industrias y Agricultura de Panamá (CCIAP) aseguró que la Caja del Seguro Social (CSS) y el sistema de seguridad social necesitan una restructuración urgente, certera y real. “La Caja del Seguro Social no resiste un parche más; necesita de sacrificios reales por parte de todos, y alejados de intereses. El momento de discutir las propuestas responsablemente y por el bien común es aquí y ahora”, destacaron. Leer también Panamá. Sistema de pilares en pensiones podría hacer sostenible...

March 8, 2021

Noticias2021, América Latina, Panamá, Regulación

08MarMarch 8, 2021

UK. Women would have to work 40 years longer to close the gap.

Mothers face more insecure and lower-paid work after having children, official figures suggest. Women with dependent children are seven times more likely to work part-time than men, according to the Office for National Statistics (ONS). More than 15% of mums also say they are economically inactive because of caring responsibilities, versus 1.9% of dads. One analyst said "millions of mums" were being forced to "pay the price" of a less secure career. The new research found that while mums who are employed were...

March 8, 2021

News, Slider2021, COVID-19, Gender Gap, UK

March 2021