admin, Author at Pension Policy International

14MarMarch 14, 2023

UK. DB Pension Risk Transfers May Slow Due to Lack of Liquidity

High interest rates have made it a good time for some defined benefit plan sponsors to transfer pension risk, but a liquidity pinch may be delaying or altogether shutting off the window, according to experts who spoke at PLANADVISER’s virtual DB Summit last week. The interest rate hikes, which the Federal Reserve started about a year ago to try and tame inflation, have brought present liability down for many plans, said Gloria Griesinger, assistant treasurer for global pension investments and...

March 14, 2023

NewsPension Management, Risk, UK

14MarMarch 14, 2023

East Asia grapples with an aging society

The elderly population in East Asia is swelling as the birth rate continues to decline. The region now has the world's lowest fertility rate, raising fears of social and economic woes, especially for its youth. "I'm afraid to have children," Seha [surname withheld], a resident of Seoul, the South Korean capital, told DW. Although she feels it would bring her happiness, the 22-year-old believes that having children could stop her from pursuing her career. "I've seen many married women quit their...

March 14, 2023

NewsAging, Asia

13MarMarch 13, 2023

Francia se atiborra con 5 mil 400 toneladas de basura, ante huelga de recolectores por eventual reforma de las pensiones

Las bolsas de basura se acumulaban en París, donde 5 mil 400 toneladas de desechos seguían sin ser recogidas ayer por la huelga de los recolectores, que por séptimo día consecutivo, expresan su rechazo a la reforma de las pensiones, según la alcaldía. Además de los recolectores, están paradas tres plantas de incineración a las puertas de la capital francesa, lo que explica que en algunos barrios, las bolsas ocupen toda la acera. Los agentes de la municipalidad recolectan la basura...

March 13, 2023

Noticias, Noticias2023, Francia, Reforma de Pensiones

13MarMarch 13, 2023

Bruselas cambia de rumbo y avala una reforma de pensiones progresista para España

Hasta hace nada había un manual en Bruselas. ¿Que hay deuda o déficit de más? Se recortan pensiones, prestaciones sociales; y se despiden funcionarios. Alexis Tsipras [ex primer ministro de Grecia] sabe bien de eso. Y también Mariano Rajoy, quien pidió el rescate del sistema financiero, mientras aprobaba reformas laborales “agresivas”, en palabras de Luis de Guindos, subía el IVA además de implementar una reforma de las pensiones con un factor de sostenibilidad y un mecanismo de subidas anuales...

March 13, 2023

Noticias, NoticiasEspaña, Reforma de Pensiones

13MarMarch 13, 2023

GOP lawmaker says US should consider raising retirement age for future Social Security beneficiaries

Republican Rep. Nancy Mace of South Carolina said Sunday that raising the retirement age for future Social Security beneficiaries should be “on the table” as long as it doesn’t affect “anybody that’s heading into retirement right now.” “I think that’s something that has to be on the table, we have to look at,” Mace told CNN’s Kaitlan Collins on “State of the Union” when asked about Republican presidential candidate Nikki Haley’s call for a higher retirement age for Americans who...

March 13, 2023

NewsRetirement Age, US

13MarMarch 13, 2023

Spain, Commission agree to controversial pension reform

The government and the European Commission reached a last-minute agreement on a controversial pension system reform which paves the way for Madrid to receive the next tranches of the EU’s Next Generation funds. After months of work and tangible divergences between the two coalition partners, PSOE (S&D) and Unidas Podemos (EU Left), the government struck a deal on Friday, partially softening the coalition’s rift currently in. The reform, agreed with the European Commission, is part of the several milestones committed by...

March 13, 2023

NewsPension Reform, Spain

13MarMarch 13, 2023

ESG, stable returns moving pension plans to real assets

Investing in agricultural land and agricultural activities is another area serving as a diversifier for DB plans in part due to heightened prices for grain and protein products, which in turn has boosted farm income to unprecedented levels, according to Mayssa Al Midani and Alex Howson, managers of the Pictet nutrition strategy, which invests in sustainable food production. The fund has $2.5 billion in assets under management. Though the returns are closely tied to the commodity cycle, the value of...

March 13, 2023

NewsESG, Investment

10MarMarch 10, 2023

The gender gap in pension saving

By Jonathan Cribb, Heidi Karjalainen & Laurence O’Brien This report is an output from a programme of research on ‘Pension saving over the lifecycle’ (WEL /FR-000000374) that is funded by the Nuffield Foundation. Co-funding from the ESRCfunded Centre for the Microeconomic Analysis of Public Policy (ES/T014334/1) is also gratefully acknowledged. We are grateful to Alex Beer, Carl Emmerson and Paul Johnson for useful comments, and to Rowena Crawford for discussion and advice on this work. This work was produced using data from...

March 10, 2023

Books, Books, System Characterization2023, Gender Gap, savings, UK

10MarMarch 10, 2023

Legal & General U.S. Gig Economy study

By Sir Nigel Wilson, John Godfrey & Edyta Borowy (Legal & General) The data was collected via online survey fielded to individuals sample sourced from YouGov’s US panel. The survey scripted and hosted on Gryphon, YouGov’s proprietary survey scripting platform and the field work took place between August 19 and 31, 2022. 1,044 surveys of freelancers and self-employed workers between 18 and 60 years old, non-student/non retired drawing 60% or more of their income from gig work were completed. Key...

March 10, 2023

Books, Books, Labor Market2023, Gender Gap, Informal Sector, savings, Social Security, US

10MarMarch 10, 2023

El Senado francés aprueba la ley que retrasa de los 62 a los 64 años la edad legal de jubilación

El Senado francés ha votado a favor de retrasar dos años la edad de jubilación, hasta los 64 años. Los senadores aprobaron por 201 votos contra 115 en una sesión nocturna, pese a la oposición de los sindicatos apoyada por la mayoría de los franceses. La reforma penaliza sobre todo a las mujeres que tendrán que trabajar más años para cobrar la pensión completa. Los sindicatos han prometido presionar al Gobierno de Emmanuel Macron con más protestas y huelgas. Leer màs...

March 10, 2023

Noticias, NoticiasEdad de retiro, Francia, Reforma de Pensiones

March 2023