admin, Author at Pension Policy International

17FebFebruary 17, 2023

Gig economy report 2022

By Pascale Moreau The balance between flexibility, autonomous working and social protection has been a long time discussion within the gig economy and its complexities have kept legislators busy in recent years. As a result, the draft European Directive on Platform work is one of the most discussed topics of the year. It introduces various criteria which - if applicable - could result in a legal presumption of employment for the worker. In this year’s PwC Legal’s 2022 Gig Economy...

February 17, 2023

Books, Books, Labor Market2022, EU, Financial Inclusion, Informal Sector, Social Security

17FebFebruary 17, 2023

The Future of Global Retirement 2023

By Smart As perceptions of retirement shift across the world, in line with emerging technology and reforms to legislation, the industry needs to keep up and remain one step ahead. At Smart, we’re continuing to lead the way in research and development in this space, and as part of our mission, we’ll continue to share some of the insights we gain around the needs of savers across the world. In 2021, we launched our first ‘Future of Global Retirement’ report, taking...

February 17, 2023

Books, Books, Pension design2023, Financial Literacy, Retirement Planning, UK

17FebFebruary 17, 2023

EIOPA, Unit-linked Insurance and Polish Product Intervention: A Silent Regulatory Revolution?

By Lucie Škapová When the Polish financial market supervisor, Komisja Nadzoru Finansowego (KNF), notified its intention to prohibit certain unit-linked insurance products marketed in Poland, it created an unprecedented situation: for the first time, a financial market supervisor decided to trigger Chapter III of the PRIIPs Regulation and adopt product intervention measures in the insurance sector. If adopted, these measures would regulate not only the investment strategies of unit-linked insurance products offered in Poland but also their cost structure and...

February 17, 2023

Articles, Investment, Regulation2023, EU, Pension Management

17FebFebruary 17, 2023

Putting Labor’s Capital to Work for Labor: Restoring a Worker-Centric Vision of Fiduciary Duty

By David H. Webber This report has two goals: first, to illustrate how the legal concept of fiduciary duty, designed to protect worker retirement funds, has been captured and distorted in ways that harm workers. Second, to propose means of restoring fiduciary duty to its proper purpose. The state-level fiduciary duties addressed in this report govern the investment of up to $10 trillion in assets and directly shape the retirements of 26 million working-class Americans. They are also just about...

February 17, 2023

Articles, Labor Market2023, Defined Benefit, Pension Management, Public Pensions

17FebFebruary 17, 2023

What matters for annuity demand: Objective life expectancy or subjective survival pessimism?

By Karolos Arapakis & Gal Wettstein Objective life expectancy and subjective survival pessimism (defined as the difference between objective and subjective life expectancy) may both affect the demand for annuities. The question this project answers is: how do these two explanations contribute to annuitization decisions in practice? To explore this question, the analysis estimates regression models that include objective life expectancy, subjective survival pessimism, and other characteristics that are linked to annuitization decisions. The results show that, as one would...

February 17, 2023

Articles, Pension design2023, Labor Market, Private design

17FebFebruary 17, 2023

Colombia. ‘Ahorros de fondos privados de pensión son solo de los trabajadores’

En medio del debate público en torno a la seguridad social de los colombianos, la Asociación Colombiana de Administradoras de Fondos de Pensión y de Cesantía, Asofondos, que representa a las cuatro AFP (Colfondos, Porvenir, Protección y Skandia) que administran el ahorro propiedad de más de 18 millones de trabajadores, insistió en la necesidad de una reforma pensional que fortalezca un pilar solidario para los más necesitados, que sea sostenible en el tiempo y que esté basada en el...

February 17, 2023

Noticias, NoticiasColombia, Diseño de Pensiones

17FebFebruary 17, 2023

Argentina. Subirán las pensiones de ANSES

El ministro de Economía, Sergio Massa, y la titular de la Administración Nacional de Seguridad Social (Anses), Fernanda Raverta, confirmaron un nuevo aumento del 17,04% por la Ley de Movilidad, una medida que afecta a los haberes de quienes reciben las asignaciones, jubilaciones y pensiones a través del organismo previsional. Además, también anunciaron un nuevo bono de $45.000 para jubilados y pensionados, que estará fraccionado en tres partes de $15.000. Se trata de un bono que busca contener el bolsillo...

February 17, 2023

Noticias, NoticiasANSES, Aumento A Pensiones, Pensiones Argentina

17FebFebruary 17, 2023

República Dominicana. Anuncian aumento del 20 % en el pago de pensiones a miles de servidores del sector de la construcción

El Fondo de Pensiones de los Trabajadores de la Construcción (Fopetcons), aprobó un aumento del 20 por ciento en el pago de las pensiones que reciben miles de obreros del sector de la Construcción y un reajuste salarial del 17 por ciento al personal que presta servicio a la institución a nivel nacional. Además, el año pasado fueron entregadas 350 nuevas pensiones, como se había prometido y en este 2023, serán otorgadas 300 más, a Trabajadores de la Construcción de...

February 17, 2023

Noticias, NoticiasPensiones Públicas, República Dominicana

17FebFebruary 17, 2023

New pension strikes grip France as MPs wage legislative battle

The fifth day of action against President Emmanuel Macron's reform -- whose headline measure is raising the legal retirement age from 62 to 64 -- aims to keep up the pressure ahead of a wider mass walkout, planned for March 7. But unlike previous strike days, most mainline trains and the Paris metro were running normally, as fewer workers participated during school holidays across most of France. That was reflected in education ministry figures showing fewer than eight percent of teachers...

February 17, 2023

NewsFrance, Pension Reform

17FebFebruary 17, 2023

UK. Industry organisations call for ‘urgent’ clarity on pensions dashboards

Industry experts have argued that “regulatory certainty” around pensions dashboards is needed as quickly as possible, with concerns over the timing and implementation of pensions dashboards emerging ahead of the first scheme staging deadlines. The Financial Conduct Authority (FCA) and Pensions Dashboards Programme (PDP) recently held consultations to gather views on proposed design standards for pension dashboards, and the regulatory framework for operators, both of which closed today (16 February). However, whilst the consultations were broadly welcomed by industry experts, concerns...

February 17, 2023

NewsOperations, Technology, UK

February 2023