admin, Author at Pension Policy International

13FebFebruary 13, 2023

US. Attention to ESG grew in 2022 along with headwinds

It is tricky to say which was a more volatile issue in 2022 for public pension funds operating under ESG principles — the politics or the markets. They managed to navigate both, and this year many of them are even ratcheting up their sustainable investing agendas. Some, like the $61.4 billion Maryland State Retirement and Pension System, Baltimore, took a page from the largest U.S. funds that added ESG specialists for their investment divisions. Although Maryland CIO Andrew Palmer first formed...

February 13, 2023

NewsESG, Pension Management, US

13FebFebruary 13, 2023

UK. FCA places restrictions on IFA over misappropriation of client funds

The Financial Conduct Authority has placed a number of restrictions on an independent advice firm over concerns its sole director may have misappropriated 1 5mn of a client s funds Campbell & Associates, based in West Wellow, Romsey, had the restrictions imposed on it last week (February 9), and is now prevented from carrying out any regulated activity and cannot reduce the value of its assets without the FCA’s consent. Lisa Maureen Campbell is listed as the sole active director of...

February 13, 2023

NewsRegulation, UK

13FebFebruary 13, 2023

China. Legislative steps being taken to protect elderly

China's legislature has accelerated the creation of legislation aimed at the elderly over the past few years in a bid to bolster protection and respond to a rapidly aging population. The latest National Bureau of Statistics data showed that by the end of last year, China's population aged 60 and above exceeded 280 million, making up 19.8 percent of the national total. The National Health Commission estimates that this figure will grow to over 400 million by 2035, accounting for more...

February 13, 2023

NewsAging, China, Regulation

13FebFebruary 13, 2023

Sri Lanka’s economic crisis leaves elderly homeless and penniless

When Kiri Banda retired from his job as a cook in the Sri Lankan capital, Colombo, he hoped for a peaceful old age living with his son. But with his medical bills straining household finances last year, he decided it was time to move out. “I didn’t want to be a burden,” says Banda, who spends his days begging or searching for food and sleeps on a bench in a public park. It is an increasingly common sight since Sri Lanka...

February 13, 2023

NewsAging, Poverty, Sri Lanka

10FebFebruary 10, 2023

Proponen otro retiro de fondos en Perú, ahora para pagar deudas

Un nuevo proyecto de ley permitiría retirar hasta la mitad de los fondos de las Administradoras de Fondos de Pensiones (AFP), ¿de qué trata? Esta iniciativa autorizaría la disponibilidad de hasta el 50% de los fondos previsionales con el objetivo de cancelar deudas contraídas por el afiliado en el sistema financiero. La medida, planteada por el grupo parlamentario Podemos Perú, propone que esta liberación esté destinada al pago de préstamos personales, tarjetas de crédito u otro financiamientos adquirido en entidades bancarias...

February 10, 2023

Noticias, NoticiasPerú, Retiro de Fondos

10FebFebruary 10, 2023

España. La reforma de las pensiones se queda en punto muerto por falta de apoyo político

El ministro de Inclusión, Seguridad Social y Migraciones, José Luis Escrivá, sostuvo a mediados de semana que la segunda parte de la reforma de las pensiones se encontraba en el "tramo final". El responsable de la cartera transmitió buenas sensaciones a los medios tras reunirse con el Ejecutivo comunitario y apuntó a que "en las próximas semanas" podría concluir el proceso, ya que habían "avanzado mucho" en sus conversaciones con la Comisión Europea. Sin embargo, el optimismo de Escrivá...

February 10, 2023

Noticias, NoticiasEspaña, Reforma de Pensiones

10FebFebruary 10, 2023

Pension fund investors back climate risk lawsuit against Shell

Pension funds in the U.K. and Europe are backing a novel lawsuit against Shell PLC alleging that its directors breached their legal duties by failing to manage climate risk or plan for the energy transition. The lawsuit filed in the High Court of England and Wales Thursday by non-profit organization ClientEarth, a minor Shell shareholder, has the backing of institutional investors with a collective £450 billion ($550 billion) in assets and more than 12 million shares in the energy company. The...

February 10, 2023

NewsPension Management, Sustainability

10FebFebruary 10, 2023

Kenya. Pensions Department To Fast-Track Processing Of Pensions

Retiring public servants will receive their pension within 90 days after exiting from service if a plan by the Pensions Department in the Treasury and Planning Ministry to fast-track the processing of pension materializes. Already, the department has deployed its officers at the Teachers Service Commission and Vigilance House to help process pension for retiring teachers and police officers and the same is expected to be replicated at the Headquarters of all ministries, officials have said. This, the officials said, will...

February 10, 2023

NewsKenya, Operations, Pension Payout

10FebFebruary 10, 2023

Canada Pension Plan Investment Board returns net 1.9% in latest quarter

Canada Pension Plan Investment Board returned a net 1.9% in the third quarter of fiscal 2023 ended Dec. 31, the Toronto-based board announced in a news release Thursday. For the five-year and 10-year periods through Dec. 31, the fund delivered annualized net returns of 8.1% and 10%, respectively. Neither benchmark returns nor returns for individual asset classes are not provided in quarterly returns. CPPIB, which manages the assets of the Canada Pension Plan, also said the pension fund's net assets increased to...

February 10, 2023

NewsCanada, Investment, Returns

09FebFebruary 9, 2023

Perú. Congreso: presentan proyecto que propone el retiro de hasta 4 UIT de fondos AFP

La exsegunda vicepresidenta del Congreso Digna Calle (Podemos Perú) presentó un nuevo proyecto de ley que plantea el retiro de hasta 4 UIT o S/19,800 soles de las Administradoras de Fondos de Pensiones (AFP). La congresista señala que esta iniciativa tiene como objetivo autorizar “de manera extraordinaria y facultativa” a los afiliados al Sistema Privado de AFP el retiro de fondos acumulados en sus cuentas individuales de capitalización. Además, detalló que la norma no sería aplicable para quienes califiquen para acceder...

February 9, 2023

Noticias, NoticiasPerú, Retiro de Fondos

February 2023