admin, Author at Pension Policy International

26JanJanuary 26, 2023

US. Cryptocurrency Was Sold To State And Local Pensions As ESG

Senator Katie Muth, a Board Member for the $40 billion Pennsylvania State Employees’ Retirement System (PSERS) will never forget the first meeting of the pension board she attended and the ESG presentation she heard which included cryptocurrency as a solution for the un-banked in African countries. “I was really looking forward to the ESG presentation but was very confused as to how blackbox fake currency could improve the lives of people suffering from economic hardship on the continent. The...

January 26, 2023

NewsCryptocurrency, ESG, Investment, Pension Management, US

26JanJanuary 26, 2023

U.K. Sustainability rules could set ‘a high bar,’ but cloud definitions

Although upcoming rules on sustainable investment product labeling and disclosure could put the U.K. ahead of Europein combating greenwashing, they may not makes things clearer for institutional investors, based on reactions submitted to the Financial Conduct Authority. On Wednesday, the last day for commenting on the FCA's Sustainability Disclosure Requirements and investment labels proposed in October, financial groups and experts generally praised the regulator's approach as setting a high bar for the labeling of funds marketed as green and disclosure...

January 26, 2023

NewsInvestment, Regulation, Sustainability, UK

26JanJanuary 26, 2023

Ghana. SSNIT to launch informal sector inclusive campaign

The Social Security and National Insurance Trust (SSNIT) intends to launch a campaign to expand its coverage to include self-employed individuals. In an interview with KMJ on Prime Morning on Wednesday, the Public Affairs Manager of the institution, Charles Akwesi Garshong, revealed that every individual in the country is entitled to a pension. However, SSNIT is unable to capture everyone due to the low level of interest of people in the scheme. After negotiating with private sector stakeholders for the past years,...

January 26, 2023

NewsGhana, Informal Sector

26JanJanuary 26, 2023

China. ‘Silver’ economy grows with aging population

After saying goodbye to her grandchild at the school gates, Hu Chunmei started to think of ways to pass the day. Hu migrated from her home village in Hubei province to Beijing to help her daughter with child-rearing about eight years ago. Since her granddaughter started school in August, she knew she had to adjust to a new routine. "It's much harder than I thought. I tried guangchangwu — a style of dancing as a group in public — with friends...

January 26, 2023

NewsAging, China

26JanJanuary 26, 2023

South Africa. Take-home pay falls almost 5% in December, capping off dismal year, index shows

South Africans' average take home pay declined almost 5% in December, ending a dismal year at a low point, with signs that record load shedding and rampant inflation took its toll on households, Africa's largest automated clearing house BankservAfrica said on Wednesday. Average pay, as measured in BankservAfrica's Take-home Pay Index, slipped to R14 663 in December, when more than 200 000 new jobs were added, probably reflecting the fact that many new jobs are likely to have been created...

January 26, 2023

News, UncategorizedIncome, South Africa

25JanJanuary 25, 2023

México. Gasto comercial de las afores se redujo 33.2% en el 2022: Consar

Las 10 administradoras de fondos para el retiro (afores) destinaron 6,750 millones de pesos al gasto comercial en el 2022, una contracción anual de 33.2% en términos reales, de acuerdo con datos de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar). El gasto, también conocido como costos de afiliación y traspasos, representó 44.8% del total de 15,085 millones de pesos que las afores registraron como gastos de operación, mientras que en el 2021 este concepto representó 55.3%...

January 25, 2023

Noticias, NoticiasAdministración de Pensiones, Mexico

25JanJanuary 25, 2023

Perú. Nuevo retiro AFP: MEF ya trabaja en la reglamentación de la disposición del fondo previsional

El ministro de Economía y Finanzas, Alex Contreras, informó que un equipo técnico de su institución ya trabaja en la reglamentación del nuevo retiro de AFP que se realizaría desde abril. Asimismo, Contreras descartó que con esta disposición haya un impacto de retiros masivos con la Ley Nº 31670 aprobada por el Congreso de la República, que crea las pensiones mínimas y promueve los aportes voluntarios alternativos con fines previsionales. “Es una ley que tiene muchos defectos en su origen, estamos...

January 25, 2023

Noticias, NoticiasPerú, Retiro de Fondos

25JanJanuary 25, 2023

Chile. Gobierno busca destrabar reforma de pensiones antes de votación en Comisión de Trabajo de la Cámara

La comisión de Trabajo de la Cámara podría finalizar mañana miércoles la primera etapa de la reforma de pensiones, con la idea de aprobar la idea de legislar el proyecto, antes del receso legislativo. Negociaciones de última hora ha estado impulsando el Gobierno para poder destrabar la primera votación de una de las reformas más importantes de su agenda: la reforma de pensiones. Hasta hace una hora, no había certeza de que la comisión de Trabajo pudiese definir la idea de...

January 25, 2023

Noticias, NoticiasChile, Reforma de Pensiones

25JanJanuary 25, 2023

España. El gasto en pensiones se dispara en enero a la cifra récord de 11.902 millones tras su subida con el IPC

El gasto ha crecido en casi 1.000 millones de euros respecto a la nómina del pasado mes de diciembre y supera por primera vez en la historia los 11.000 millones de euros. Ello se debe a que, en aplicación de la reforma de pensiones, éstas han subido para 2023 un 8,5%, como resultado de la inflación media del periodo diciembre de 2021-noviembre de 2022. El Departamento que dirige José Luis Escrivá estima que el gasto en pensiones se situó en...

January 25, 2023

Noticias, NoticiasEspaña, Fondeo, Gasto en Pensiones

25JanJanuary 25, 2023

UK pension schemes search out forestry investments

Nest and Cushon, two UK pension schemes with combined assets of more than £26bn, are in a joint search for asset management partners to develop new forestry investment strategies to address climate change pressures. Both pension schemes believe that allocating money to forestry projects will offset environmentally damaging emissions from other investments and deliver attractive returns as the price of carbon rises to reflect the increasing costs of pollution by human activity. The schemes have set aside an initial £600mn for...

January 25, 2023

NewsClimate crisis, Investment, Pension Management

January 2023