The Japanese government named Masataka Miyazono, as the new President of Japan Government Pension Investment Fund (GPIF). Masataka Miyazono is the former Deputy President of Norinchukin Bank. Masataka Miyazono will replace current president Norihiro Takahashi, whose term is due to expire at the end of March 2020. Masataka Miyazono retired from Norinchukin Bank on June 22, 2018. Read more @swfinstitute
The Personal Finance Society has called for a four-month grace period for advisers whose professional indemnity insurance is due for renewal during the coronavirus lockdown. In a letter sent to the Financial Conduct Authority and HM Treasury this week the professional body asked for regulatory concessions to help advisers at at time when "demand for their help has never been greater, yet pressure on their own resources are stretched". This included a call for advisers to be granted...
Por Mariano Bosch Ángel Melguizo y Carmen Pagés América Latina y el Caribe (ALC) ha reducido su desigualdad y su pobreza, y enfrenta las próximas décadas con mayor optimismo que en el pasado. Conforme la región crece, aparecen nuevos problemas a los que se tienen que enfrentar los responsables de conducir la po- lítica económica. Cómo proporcionar pensiones adecuadas para los adultos mayores es uno de esos problemas....
Por Allan Vargas García La inclusión financiera significa tener acceso a servicios que solucionen un problema o satisfagan una necesidad financiera de la población con la finalidad de reducir la informalidad y la pobreza. Estos servicios financieros son operaciones de transferencias de capitales, compra-venta de divisas, pagos de servicios, préstamos, ahorros, seguros, etc. De acuerdo con Scottish Executive (2005) Inclusión financiera es “El acceso para individuos a productos y servicios financieros apropiados. Esto incluye a las personas que tienen...
Por Marcel Jansen Todos los países están contemplando medidas para paliar el impacto económico de la crisis por el COVID-19. El ejemplo a seguir es Alemania. Este país acaba de anunciar un paquete de medidas sin límite de gasto que garantiza liquidez a las empresas y ayudas a las personas afectadas. En esta nota explicamos la urgencia de implementar medidas semejantes en todos los países europeos y no solo en aquellos que se lo pueden permitir por la buena...
Parliament’s pension fund has made record investments in renewable energy and cut its exposure to fossil fuel companies to bring MPs’ pensions in line with the government’s climate action targets. A report from the £700m pension fund showed that almost a third is now being invested in low carbon and environmentally sustainable funds following calls from hundreds of MPs to align the fund with the government’s legally binding climate commitments. Read also Swedish Pension AP1 Divests From Fossil Fuels ...
As the world grapples with the Covid-19 global pandemic, the government has set in motion a raft of measures designed to not only arrest the spread of the coronavirus disease in Kenya but also ameliorate its negative financial and economic impact on the population. Read also Kenya’s Pezesha wins CATAPULT: Inclusion Africa 2020 bootcamp Many governments in the developed world are at different stages of deploying a variety of financial and social assistance mechanisms to help its citizens and business...
The Federation of German Consumer Organisations – vzbv – and the state of Hesse have proposed a standard product, or Extra Rente, for private pensions to reform the system. The proposal aims to fix some of the problems brought by the privately funded pension system – Riester-Rente – since its introduction almost 20 years ago, precisely at the time when the government coalition weighs up possible changes. Dorothea Mohn, head of the financial market team at Vzbv, told IPE...
Swedish pension fund AP1 said it will no longer invest in fossil fuel companies. The SEK365.8 billion ($35.8 billion) fund said the transition to a low-carbon economy represents a significant amount of uncertainty for companies involved in coal, oil, and natural gas activities and that “continued investments related to these activities can increase the financial risk exposure of the fund.” The fund said the move is a result of its work to identify and analyze climate-related financial risks in...
Last week, in a throwaway line in an article on multiemployer pensions, I considered it something of a given that, following a script similar to the 2008 crisis, Congress would provide “funding relief” to single-employer pension plan sponsors, allowing them to defer contributions to their pension plans which would otherwise be substantially elevated, and that it was multiemployer plans, with their pre-existing funding challenges, that faced greater difficulties. Unfortunately, that isn’t quite right. Single-employer plans are facing their own...
