April 2020

07Apr

EIOPA publishes second report on costs and pasts performance of insurance based investment products and personal pension products

The European Insurance and Occupations Pensions Authority (EIOPA), has today published its second report on cost and past performance of insurance-based investments products (IBIPs) and personal pension products (PPPs) in the European Union. Read also Cost and past performance 2020 report The report is published following a request from the European Commission to the European Supervisory Authorities to periodically report on the costs and past performance of retail investment products. This report provides an analysis of costs for 2018 and...

April 7, 2020
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07Apr

German Digital Corporate Pension & Life Insurance Provider Xpension raises €25 Million Through Series C Investment Round Led By HPE Growth

Xpension, a German digital corporate pension and life insurance brand, announced on Monday it secured €25 million through its Series C funding round, led by HPE Growth with participation from Cinco Capital, led by Lars Hinrichs (Founder of XING and Chairman of Xpension), and Armada Investment. Founded in 2007, Xpension describes itself as an independent technology provider with shared-service solutions for occupational pension management and consultancy. The company currently has more than 120 staff members its Munich, Saarbrucken,...

April 7, 2020
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06Apr

Perú. Iniciativa Privada lamenta aprobación en Congreso del retiro de 25% de fondos de AFP y suspensión del cobro de peajes

A través de un comunicado, detalló que son dos proyectos de ley “con consecuencias no intencionadas muy negativas sobre el bienestar y sobre la seguridad jurídica del país, y que pueden agravar aún más la crisis económica que enfrentaremos ante la emergencia sanitaria por el Covid-19”. Enfatizó que preocupa que el Parlamento no haya tomado en cuenta las opiniones técnicas expuestas por el Ministerio de Economía, el Banco Central de Reserva (BCR) y por la Superintendencia de Banca y...

April 6, 2020
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06Apr

Cobertura PPI: Los efectos del Coronavirus en las pensiones

Lecciones y desafíos de la pandemia por COVID-19 para las encuestas de hogares en América Latina19/07/22  Como consecuencia de las restricciones de movilidad destinadas a contener los contagios por COVID-19, varias oficinas nacionales de estadística (ONE) suspendieron la recolección de datos de las encuestas de hogares y enfrentaron desafíos para continuar con la publicación de los indicadores provenientes de este tipo de operaciones estadísticas.  Informalidad laboral y Covid-19: vulnerabilidad o flexibilidad05/07/22 A finales de abril de 2020 el número de...

April 6, 2020
Noticias, Uncategorized,
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06Apr

US. Underfunded public plans facing a new round of woes

The coronavirus has increased pressure on underfunded public pension plans that were already facing significant stress before the crisis. Not only have plans' investment portfolios taken double-digit losses as a result of the pandemic, but government plan sponsors will need to increase their contributions at a time when revenues are down and expenditures are up. Read also US. Some companies are cutting 401(k) matches because of the coronavirus "This has put a lot of strain and stress on pension deficits,...

April 6, 2020
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06Apr

PPI Coverage: Coronavirus’s effects on pensions

No Country for Old Men (or Women): The Impact of Migration on Pension Funding Adequacy and Sustainability 10/09/2022 Retirement security is of paramount importance to working people. Adequate retirement income is also a leading concern for private and public pension systems. Changes in Retirement Savings During the COVID Pandemic19/08/2022 This paper documents changes in retirement saving patterns at the onset of the COVID-19 pandemic. COVID-19 Private Pension Withdrawals and Unemployment Tenures 08/07/2022 This is the first study to evaluate the...

April 6, 2020
Investing, Investment, News, Slider-Left, Uncategorized,
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06Apr

UK. Wakefield man who failed to claim pension gets £140k payout

He mistakenly thought he was not allowed to claim a state pension because he had continued to work long after reaching retirement age. He is now set to receive more than a decade's worth of payments in one lump sum. The error only came to light after Wakefield Council made inquiries on the man's behalf. In a report, councillor Michael Graham said: "To help our residents get more money in their pocket, we are using information we hold to...

April 6, 2020
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06Apr

European report suggests blockchain for welfare tracking

Government benefits and assistance might be more important now than ever. But even if you’ve been living under a rock, you know that holding government to account, and ensuring benefits reach their destination with minimal delay is important. A new report published by the European Foundation for the Improvement of Living and Working Conditions (Eurofound) highlights how blockchain technology, like Bitcoin SV (BSV), could make that process more efficient. The April 2 report looks into several emerging technologies, like...

April 6, 2020
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06Apr

US. Some companies are cutting 401(k) matches because of the coronavirus

Some companies hit hard by the coronavirus pandemic are suspending or reducing matching contributions to their employee retirement plans. Others are exploring their options. Amtrak said an unprecedented loss of ridership and revenue has led the company to suspend its 401(k) match as a measure to “cut costs to minimize employee and service impacts,” according to Amtrak’s Kimberly Woods. The Marriott International retirement savings plan matching contribution for 2019, initially planned for March 10, has been delayed to September...

April 6, 2020
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04Apr

The Future of Pension Plans in the EU Internal Market: Coping with Trade-Offs Between Social Rights and Capital Markets

By Nazaré da Costa Cabral, Nuno Cunha Rodrigues This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the...

April 4, 2020
Books, Pension design, Regulation, System Sustainability, ,
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