March 2023
08Mar

Women on the front line everywhere!

In March 2023 women’s movements are playing a leading role in many countries around the world. This is neither new nor exceptional, but it should always be emphasized to show how women’s struggles are an integral part of the struggle to change, to revolutionize society, and that without women’s action society stops. In the year-long war caused by the atrocious invasion of Ukraine by Russian troops under Putin, Ukrainian women are participating in resistance in all its forms. Women serve...

March 8, 2023
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08Mar

Diverse investment teams deliver outperformance – WTW

Greater gender diversity in an investment team can add 45 basis points per year in net excess returns, an analysis by Willis Towers Watson showed. The consultant's new research paper, Diversity in the asset management industry: on the right track, but at the wrong pace, analyzed investment strategies across equities, credit and real assets, and cover global, U.S. and other regions. Using diversity data as of Dec. 31, 2021, and net performance data as of Dec. 31, 2022, WTW looked at...

March 8, 2023
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08Mar

UK. New figures show Gender Pension Gap remains stubbornly high

New statistics from trade union, Prospect, provide their latest estimate of the Gender Pensions Gap. They put the gap at 40.5% for 2020-21, essentially unchanged since the figure was first estimated half a decade ago. This is significantly more than the gender pay gap, and represents an average annual £7,100 shortfall. The latest figures show that despite an increased focus on the gap, current government policies are failing to provide any improvement. This has led Prospect to warn of a “ticking...

March 8, 2023
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08Mar

South Korea pension fund to consider climate change in management work

South Korea's national pension fund will consider climate change as part of its stewardship activities going forward, the welfare ministry said on Tuesday. A panel that oversees the National Pension Service's (NPS) fund management policies decided to add climate change, along with industrial accidents, to its list of focus areas for responsible investment activities, the ministry said in a statement. Until now, the world's third-largest public pension fund engaged with companies focusing primarily on matters related to corporate governance, such as...

March 8, 2023
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07Mar

Colombia. Gobierno tendría listo el texto de la reforma pensional

Este lunes el presidente Gustavo Petro aseguró a través de su cuenta de Twitter que ya está listo el consenso del Gobierno sobre la reforma pensional. Aunque no reveló más detalles, se conoció que el texto con el visto bueno del Gobierno sería un poco más moderado respecto a lo que el presidente prometió en campaña. Así, aunque se mantendría el sistema de pilares propuesto, el tope hasta el que las personas cotizarían en Colpensiones sería menor. “Todos los salarios por debajo...

March 7, 2023
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07Mar

Chile. Reforma de pensiones y reducción de brechas en género

Una nueva conmemoración del Día Internacional de la Mujer es un marco propicio para revisar las propuestas que estipula el proyecto de reforma previsional presentado por el Presidente Gabriel Boric Font y que ayudan a reducir  las brechas de las pensiones entre hombres y mujeres. En este ámbito ha existido una brecha significativa tanto en la cobertura como en los montos de las pensiones percibidas por hombres y mujeres. Lo anterior, se explica porque el sistema contributivo se construyó bajo...

March 7, 2023
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07Mar

Jubilaciones en Argentina: advierten que el sistema previsional “está detonado”

La aprobación de la Ley de moratoria previsional volvió a poner sobre la mesa un debate recurrente en Argentina. La confirmación de que el Congreso logró los votos necesarios para que casi 800.000 personas que no cumplían los requisitos mínimos de aportes se jubilen desató los festejos dentro del oficialismo y generó una lluvia de críticas por parte de algunos referentes de la oposición y de economistas privados. La discusión podría abordarse por dos canales diferentes, aunque muchas veces se...

March 7, 2023
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07Mar

U.S. corporate pension funding increases in February – 3 reports

U.S. corporate pension plans' funding ratios increased in February as falling liability values offset a drop in assets, according to three new monthly reports. Legal & General Investment Management America estimated the average funding ratio of the typical U.S. corporate pension plan was 99.9% as of Feb. 28, up from 99.8% a month earlier. In its latest monthly Pension Solutions Monitor, LGIMA said the estimated average funding ratio rose slightly in February because the increase in discount rates, which caused liability...

March 7, 2023
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07Mar

Undersaving in British pensions still substantial, says government report

New government figures show the level of undersaving in British pensions is still substantial, despite increased pension participation in the private sector. ‘Analysis of future pension incomes’, published by the Department for Work and Pensions (DWP), updates figures from an auto-enrolment review in 2017 with a new estimate of the number and proportion of working-age individuals aged 22 to state pension age who are not saving enough for their retirement. The new report – covering England, Scotland and Wales – is...

March 7, 2023
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07Mar

Greenland needs new approach to preserve welfare state amidst aging population: gov

Greenland has launched a new strategy to help navigate the upcoming challenges of maintaining the welfare state amidst an aging population. Besides working on ways to improve the quality of life and services for seniors, the government said a long-term strategy needs to be put in place to ensure the survival of the social safety net. The government of Greenland did not respond to requests for comment for this story, but in a news release, it said the ever-shrinking workforce was...

March 7, 2023
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