admin, Author at Pension Policy International

22FebFebruary 22, 2020

Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes

The aim of this anthology is to provide new contributions to the collective knowledge of the issues and challenges of designing mandated and earnings-related universal public pension schemes (UPPS), in which a universal public nonfinancial defined contribution (NDC) scheme is one of four design options. In 1994, Nonfinancial Defined Contribution (NDC) Pension Schemes left the crib and was taking its first steps in Sweden, Italy, and Latvia. A couple of years later a fourth sibling was born in Poland, with...

February 22, 2020

Books, Books, Labor Market, Pension design2020, Financial Inclusion, Healthcare, Income, Informal Sector, Social Security

22FebFebruary 22, 2020

Health, Wealth, and Informality over the Life Cycle

By Julien Albertini, Xavier Fairise, Anthony Terriau How do labor market and health outcomes interact over the life cycle in a country characterized by a large informal sector and strong inequalities? To quantify the effects of bad health on labor market trajectories, wealth, and consumption, we develop a life-cycle heterogeneous agents model with a formal and an informal sector. We estimate our model using data from the National Income Dynamics Study, the first nationally representative panel study in South Africa. We...

February 22, 2020

Articles, Labor Market, Pension designFinancial Inclusion, Healthcare, Income, Informal Sector, Social Security

22FebFebruary 22, 2020

Japan’s Public Sector Balance Sheet

By Yugo Koshima This paper compiles and reviews the evolution of Japan's Public Sector Balance Sheet (PSBS). In the past, large crossholdings of assets and liabilities within the public sector played a role in sustaining a high level of public debt and low interest rates. The Fiscal Investment and Loan Fund (FILF) channeled all postal deposits and pension savings to financing of public sector borrowing. After the FILF refrom in 2000, however, the Post Bank and pension funds shifted their...

February 22, 2020

Articles, Pension Management2019, Asia, Government, Japan, Pension Reform, Public Policy

22FebFebruary 22, 2020

Long-Term Investing by Pension Funds. How to Effectively Design and Implement Mandates: A Dutch Case Study

By Alfred Slager, Marcel Jeucken Pension funds are increasingly trying to embed long-term investing choices within their portfolios. Many publications focus on the rationale for long term investing; however, it remains unclear what long term investing actually is, what sets it apart from the current way of investing, and how it should add value. The purpose of this paper is to provide a practical framework for pension fund trustees aiming to bolster and implement long term investing. In doing so,...

February 22, 2020

Articles, Investment, Pension Management2019, Corporate Governance, Management

21FebFebruary 21, 2020

Latin Americans Expect To Have ‘Gaps’ In Retirement Income: LIMRA

A new study finds that 64% of Latin American adults expect to have significant gaps in their retirement funds when they turn 60, and 52% don’t believe the income from their government-funded pension (Social Security) and their employer-sponsored pension will cover basic living expenses. Also Read Which countries’ workers spend the longest (and shortest) in retirement? The study was conducted by Secure Retirement Institute and the Society of Actuaries (SOA) Almost half of Latin American consumers consider it their...

February 21, 2020

News, Slider2020, Income, Latin America

21FebFebruary 21, 2020

Staff in 74 UK universities start 2-week strike over pensions

Up to 50,000 staff members in 74 universities across Britain started a 14-day strike on Thursday over disputes on pension, pay and working conditions. Members of the University and College Union (UCU), including lecturers, technicians, librarians and other academic and support staff, are joining the industrial action between Feb. 20 and March 13, potentially affecting 1.2 million students. The UCU said 50,000 of its members will take the action over workloads, pay, a 15 percent gender pay gap,...

February 21, 2020

News, Slider2020, Europe, Social Protection, UK

21FebFebruary 21, 2020

Canadian pension fund Caisse posts 10.4% return in 2019

Canada's second-biggest pension fund Caisse de dépôt et placement du Québec (CDPQ) on Thursday reported average weighted returns of 10.4% in 2019, as strength in its equities portfolio offset underperformance in real estate holdings. The overall annualized returns over five and 10 years were 8.1% and 9.2% respectively, the fund said in a statement. Total assets rose to C$340 billion ($256.8 billion) as of Dec. 31, from C$310 billion a year earlier. The Caisse's real estate portfolio posted a...

February 21, 2020

News, Slider2020, Canada, Investment, Pension Management

21FebFebruary 21, 2020

Mongolian commercial banks resume providing loans to pensioners

Mongolian commercial banks have resumed providing loans to pensioners, the country's Minister of Labor and Social Protection Sodnom Chinzorig said Friday. The resumption started on Thursday after the loans of all pensioners in the country have been written off, Chinzorig told a press conference. Mongolian President Khaltmaa Battulga announced the decision on Dec. 31 to write off the loans of all pensioners to help them get out of debt when he extended New Year greetings via media. On Jan....

February 21, 2020

News, SliderAsia, Financial Inclusion, Mongolia

21FebFebruary 21, 2020

Will Collective Defined Contribution Schemes take off?

Collective defined contribution (CDC) schemes are now on the horizon, with Royal Mail lining up to be the first UK employer to launch this type of scheme, later this year. Already well-established in countries such as the Netherlands and Denmark, the schemes were given the green light by the then Work and Pensions Secretary, Amber Rudd, in March 2019. The new schemes aim to bridge the gap between DB and DC schemes. They may be attractive to companies...

February 21, 2020

News, Slider2020, Europe, Pension design

20FebFebruary 20, 2020

México. Riesgos políticos con reforma a pensiones y Pymes impulso a informalidad

Por Alberto Aguilar Desde que inició el sexenio, se sabía que el presidente traía en la mira resolver el complicado expediente de las pensiones. Hasta se llegó a mencionar la opción extrema de formar una sola afore del Estado, lo que se observa complicado. La buena noticia es que ahora el propio Andrés Manuel López Obrador ya ratificó su interés, tras la machacona gestión al respecto del CCE, que comanda Carlos Salazar. Con Felipe Calderón y Enrique Peña Nieto se dejó...

February 20, 2020

Noticias, Op-Ed

February 2020