admin, Author at Pension Policy International

10JulJuly 10, 2020

Japan’s Deadly Combination: Climate Change and an Aging Society

The forecast was dire: close to nine inches of rain in a single day. Officials in Kuma, a village on the banks of a fast-moving river in southwestern Japan, urged everyone to evacuate. Yet inside the Senjuen nursing home, the 70 residents were left in place. The decision proved disastrous. The rain that fell early Saturday was even worse than expected, a blinding downpour that soon inundated the village’s streets. Caretakers in the nursing home, which lacked an elevator,...

July 10, 2020

News, SliderAging, Climate crisis, Japan

10JulJuly 10, 2020

Constitutional Court rules benefits for pensioners are inappropriate in Latvia

The court admitted that a specific point of the 22 December 2009 Cabinet of Ministers requirements, which details the amount of the state social security benefit for unemployed persons and seniors as inconsistent with the Constitution. The Constitutional Court also concluded this requirement as null and void as of 1 January 2021. The ruling is final and is not subject to appeal. The challenged norm states the state social security benefit amount for persons disabled from childhood is EUR...

July 10, 2020

News, SliderEurope, Latvia, Social Protection

10JulJuly 10, 2020

EIOPA announces the new composition of its two stakeholder groups

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has appointed new members to the Insurance and Reinsurance Stakeholder Group (IRSG) and Occupational Pensions Stakeholder Group (OPSG). The two groups consist of a broad range of stakeholders, representing the industry, consumers, beneficiaries, academics, small and medium-sized companies, employees as well as professional associations. EIOPA received considered 158 applications from 26 European countries, submitted following an open call. In its selection, EIOPA aimed to achieve geographical...

July 10, 2020

News, Slider2020, EU, Europe, Regulation

09JulJuly 9, 2020

Trump’s Plan to Block Pensions From ESG Won’t Help Fossil Fuels

The U.S. Department of Labor is concerned that America’s pension fund managers don’t know what they’re doing. Read also US. Public Pensions and the COVID-19 Fiscal Dilemma That’s the rationale, at least, for the department’s newly proposed rule restricting the use of environmental, social, and governance considerations in investment decision-making. The language reaffirms the standard interpretation of fiduciary guidelines that only financial risks and returns can be considered in the management of U.S. employer-provided pension funds; “non-pecuniary goals,” for...

July 9, 2020

News, Slider2020, Coronavirus, Corporate Governance, COVID-19, Investment, US

09JulJuly 9, 2020

Banks and pension funds among investors bankrolling meat and dairy

Banks, investors and pension funds have poured billions into the world’s largest meat and dairy companies over the past five years, a new report has found. It compares the environmental impact of “‘big ag” to that of big oil. The report, published on Thursday, said private financial backing for the world’s 35 largest meat and dairy companies totalled an estimated $478bn (£380bn) between January 2015 and 30 April this year. The financing came in the form of loans, bonds...

July 9, 2020

News, Slider2020, Climate crisis, investments, UK

09JulJuly 9, 2020

US, Canadian Pension Funds Rebound with Markets in Q2

The funded status of the largest US corporate pension plans and Canadian defined benefit (DB) pension plans rebounded during the second quarter as resurgent equity and bond markets offset liability increases from falling interest rates. The funded status for the pension plans for 366 Fortune 1000 companies that sponsor US defined benefit pension plans increased to 82% as of June 30, from 79% at the end of the first quarter, but below the 87% at the end of 2019,...

July 9, 2020

News, Slider2020, Canada, Pension Management, US

09JulJuly 9, 2020

PRTs could help plug UK infrastructure ‘mega-gap’ – L&G

Insurers and other pension risk transfer (PRT) providers are "ready" to invest up to £190bn of pension money into UK infrastructure over the next decade, analysis by Legal & General (L&G) has found. This would plug almost a fifth of the UK’s infrastructure funding “mega-gap”, which, according to the firm, is likely to be as much as £1trn as regions across the UK "call out for greater investment to support our society’s needs”. The report, The power of pensions:...

July 9, 2020

News, SliderCoronavirus, COVID-19, Political economy, UK

08JulJuly 8, 2020

Pensiones: Del descontento a las soluciones

por Salvador Valdés Prieto Si bien la situación de las pensiones parte desde una situación delicada, hay muchas áreas donde es posible avanzar. El monto representativo de las pensiones es cercano a $164 mil al mes. ¿Cuánto sería una pensión razonable, tomando en cuenta que otras personas del hogar también aportan? Enfrentados a esta pregunta, la respuesta más representativa entre quienes tienen 65 años o más años, fue $375 mil al mes. Sin embargo, el ingreso laboral representativo...

July 8, 2020

Ahorro, Diseño de Pensiones, Libros2018, América Latina, Chile, Inclusión Financiera, Tasa de reemplazo

08JulJuly 8, 2020

El Microscopio global de 2019: El entorno propicio para la inclusión financiera

Por BID El Microscopio Global analiza la regulación y políticas utilizadas por los gobiernos y los organismos reguladores para aumentar la inclusión financiera entre sus poblaciones. En esta edición de 2019, la Economist Intelligence Unit (EIU) examina además, cómo los países fomentan la inclusión financiera tanto para mujeres como para hombres; agregando al estudio 11 nuevos indicadores centrados en el género. Consigue el libro aquí

July 8, 2020

Libros, Regulación, Reportes2019, América Latina, Inclusión Financiera, Política Pública

08JulJuly 8, 2020

Ahorro para el retiro diferenciado por género ante modificaciones paramétricas

Por Dra. Quetzalli Atlatenco Ibarra, Dra. María Teresa De la Garza Carranza, Dr. Salvador Hernández González El financiamiento y el cálculo de las pensiones provisionales de la mayoría de los sistemas de seguridad social en México corresponden a un modelo de contribución definida y capitalización individual. Por tanto, a través de una cuenta individual de ahorro para el retiro se transfieren todos los riesgos al trabajador. Es este quien deberá asumir las consecuencias de bajos rendimientos, altas comisiones, incremento...

July 8, 2020

Ahorro, Artículos2020, América Latina, Brecha de Género

July 2020