admin, Author at Pension Policy International

31JanJanuary 31, 2023

Perú. Plantean que comisiones de las AFP sean según la rentabilidad de sus fondos

La congresista de Fuerza Popular, Rosangella Barbarán presentó un proyecto de ley que propone modificaciones en las comisiones que reciben las Administradoras de Fondos de Pensiones (AFP) de los aportantes del Sistema Privado de pensiones. El proyecto de ley 4087/2022 - CR, que busca modificar el artículo 24 del TUO de la Ley del Sistema Privado de Administración de Fondos de Pensiones, y fue aprobado por el Decreto Supremo 054-97-EF, fue presentado el pasado 27 de enero. Actualmente las AFP cobran...

January 31, 2023

Noticias, NoticiasAdministración de Pensiones, Perú, Rendimientos

31JanJanuary 31, 2023

Colombia. Reforma pensional: Centrales Obreras piden eliminar fondos privados de pensión

Las Centrales Obreras presentaron su propuesta de reforma pensional con el propósito de que el Gobierno Nacional la pueda tener en cuenta en el documento final que será radicado el próximo 16 de marzo en el Congreso de la República. El presidente de la Central Unitaria de Trabajadores (CUT), Francisco Maltés, afirmó que este documento se dio a conocer en el marco de la reunión de la Comisión de la reforma pensional que realizó el Ministerio de Trabajo y en...

January 31, 2023

Noticias, NoticiasAdministración de Pensiones, Colombia, Reforma de Pensiones

31JanJanuary 31, 2023

France faces second wave of strikes in protest against pension reform

France is bracing for another day of mass protests and strikes on Tuesday over proposed pension reforms championed by President Emmanuel Macron. The government and the political opposition continue to trade blame for the expected disruption in schools, the fuel distribution sector and public transport. An estimated 1.1 million people took to the streets for the first strike day on 19 January, according to official statistics. That was the biggest demonstration since the last major round of pension reform under...

January 31, 2023

NewsFrance, Pension Reform, Retirement Age

31JanJanuary 31, 2023

Push into illiquid assets exposes UK pension savers to higher fees

The UK government will relax rules shielding tens of millions of UK retirement savers from high charges as it aims to channel billions of pounds of pension fund cash into longer-term investments such as start-ups and infrastructure. The government on Monday confirmed plans to exempt performance fees from an annual 0.75 per cent cap on annual charges that can be levied on auto-enrolled pension savers. The cap has long been seen by the industry as a barrier for many “defined...

January 31, 2023

NewsInvestment, Pension Management, UK

31JanJanuary 31, 2023

US. SECURE 2.0 to expand auto enrollment

A new law will expand automatic enrollment to all newly formed 401(k) and 403(b) plans, which experts say could significantly boost enrollment in retirement plans. The provision is one of more than 90 in the retirement security package, known as SECURE 2.0, which passed Congress in December and will change the future of the retirement landscape in a myriad of ways. Starting in 2025, all new 401(k) and 403(b) plans will be required to automatically enroll new employees in their plan,...

January 31, 2023

NewsAutoenrollment, Regulation, US

31JanJanuary 31, 2023

UK. Government explores CDC decumulation schemes

The government published a consultation on introducing a route to CDC for multi-employer schemes and master trusts on January 30, after legislation creating these schemes was introduced in 2022. Under these arrangements, employers and employees pay a fixed rate of contributions, collected in a manner similar to DC schemes. Benefits are paid with a target in mind, similar to defined benefit schemes, but with the prospect of variable increases — and the possibility of decreases. However, besides interest in whole-life CDC schemes...

January 31, 2023

NewsCDC, Regulation, UK

30JanJanuary 30, 2023

New York State common allocates 11 Billion alternatives

New York State Common Retirement Fund, Albany, disclosed just over $1.1 billion in new commitments completed in December, a transaction report on its website shows. Within private equity, the $233.2 billion pension fund committed $350 million to Apollo Investment Fund X, a buyout fund managed by Apollo Global Management, and $300 million to Hellman & Friedman Capital Partners XI, also a buyout fund. The pension fund also disclosed two commitments to funds managed by KSL Capital Partners: $300 million to real...

January 30, 2023

NewsInvestment, Pension Management, US

30JanJanuary 30, 2023

Colombia. El camino para una cobertura pensional universal y sostenible

La mitad de los trabajadores en Colombia ganan menos del salario mínimo, y somos de lejos el país con más trabajadores independientes (por cuenta propia) en la OCDE. Estos son alrededor de 53 % de nuestra fuerza laboral (siguen Brasil y México, con 33 % y 32 % respectivamente). Sin embargo, el sistema pensional está diseñado para que aporten (y obtengan beneficios) únicamente los trabajadores formales, que ganan un salario mínimo o mucho más durante al menos 25 años de...

January 30, 2023

Noticias, NoticiasColombia, Reforma de Pensiones

30JanJanuary 30, 2023

French PM says pension age hike ‘non-negotiable’ as strikes loom

Demonstrators hold flares during a procession against a pension reform in Paris, on January 26, 2023. France’s prime minister on Sunday ruled out backtracking on a plan to raise the retirement age as unions prepared for another day of mass protests and strikes against the contested reform. An increase in the minimum retirement age to 64 from the current 62 is part of a flagship reform package pushed by President Emmanuel Macron to ensure the future financing of France’s pensions system. After...

January 30, 2023

NewsFrance, Pension Reform, Retirement Age

30JanJanuary 30, 2023

Concern as millions with no savings in Kenya face old age poverty

About 13.9 million Kenyans have no form of retirement savings scheme, and the majority of them are in the informal sector. According to data from the Kenya National Bureau of Statistics (KNBS), there were about 17.4 million people in the formal and informal sectors as of the year 2020.“The labour market is skewed towards informal employment at 83 per cent. This is a time bomb and indicating that most Kenyans will retire poor,” the report notes. The report was presented during...

January 30, 2023

NewsCoverage, Income, Kenya

January 2023