admin, Author at Pension Policy International

18DecDecember 18, 2018

UK. Former BHS owner Dominic Chappell forced to pay £124,000 for failing to provide information about pension scheme

BHS went into administration in April 2016 leaving a pension deficit worth £571m, following Sir Phillip Green’s sale of the business to Mr Chappell the previous year. Sir Philip Green ordered to pay £363m into BHS pension scheme The Pensions Regulator (TPR) says it requested vital information about the sale of the business and its pension scheme from the former bankrupt three times. The ruling follows an appeal from Mr Chappell against his original conviction in January. BHS owner fined by pensions regulator Judge...

December 18, 2018

News, Slider2018, UK

18DecDecember 18, 2018

Opinion. Other people’s money: ESG investing and the conflicts of the consultant class

We should not play political games with other people’s money. That gamesmanship is the very essence of ESG investing, with all of the self-dealing and other perversities that politicized investment choices engender. Unintended consequences are a longstanding effect of public policies, an eternal truth seemingly invisible to one generation after another of policymakers eager to improve upon the economic arrangements emerging from market competition and individual choices. Witness, for example, a regulation implemented by the Securities and Exchange Commission (SEC)...

December 18, 2018

News, SliderOpinion

18DecDecember 18, 2018

Argentina. Pensiones, seguridad y educación, ejes del debate presidencial

Los aspirantes hablaron además, sin profundizar, de "retomar el control" en los territorios asediados por las violentas pandillas Mara Salvatrucha (MS13), Barrio 18 y otras y reforzar los programas de prevención. Una reforma al sistema de pensiones, apostar por la educación en la primera infancia y recuperar los territorios asediados por las pandillas fueron los temas que centraron el debate de los candidatos a la Presidencia de El Salvador de cara a los comicios de febrero de 2019. Los aspirantes...

December 18, 2018

Noticias2018, Argentina

18DecDecember 18, 2018

US. Tax-Efficient Retirement Withdrawal Strategies

Earlier this year Fidelity reported that the number of 401K millionaires hit an all time high of 168,000 and the number of IRA millionaires hit 156,000. Now that the 76 million Baby Boomers are starting to retire and reach the age of Required Minimum Distributions - planning for tax efficiently drawing down their savings is becoming a bigger concern. Additionally many people believe we may be in a once in a generation window of low taxes , and that...

December 18, 2018

News, Slider2018, US

18DecDecember 18, 2018

México. Las comisiones de las afores

La Junta de Gobierno de la Consar autorizó el 11 de diciembre el monto de la comisión que cada afore podrá cobrar en el 2019 sobre el saldo total de las cuentas individuales. El promedio de las comisiones permitidas para las 10 afores es 0.98%, una baja de 3 puntos base en relación con el 2018 (1.01 por ciento). Desde el 2008, consistentemente cada año las comisiones han bajado, pero en los últimos años el ritmo de descenso se...

December 18, 2018

Noticias2018, Mexico

17DecDecember 17, 2018

Meeting India’s Retirement Challenge

By Richard Jackson ALTHOUGH RAPID DEVELOPMENT BRINGS GREAT BENEFITS, it also creates great challenges. Among the most critical is ensuring a measure of security for the old, who often find themselves vulnerable and marginalized as economic growth accelerates and traditional social and cultural norms are overturned. When rapid development is combined with rapid population aging, confronting the challenge becomes all the more urgent. India is one of the world’s most rapidly developing countries. Like most emerging markets, it is also progressing...

December 17, 2018

Aging, Books, Regulation, System SustainabilityIndia, Labor Market, Political economy

17DecDecember 17, 2018

Emergency Brexit plan being drafted for Irish residents receiving British pension payments

Emergency legislation is being drafted to ensure people living in Ireland who receive a British state pension are not impacted by the UK crashing out of the European Union. Senior civil servants are also drafting legislation which would ensure British-based pensioners who receive the Irish state pension do not lose out in a no-deal Brexit scenario. More than 135,000 people living in Ireland receive the British state pension. Pension payments are just one area of legislation identified during a root-and-branch trawl...

December 17, 2018

News, Slider2018, Ireland

17DecDecember 17, 2018

Singapore Savings Bonds opened to Supplementary Retirement Scheme funds; individual limit to double

Investors will be able to apply for Singapore Savings Bonds (SSB) using their Supplementary Retirement Scheme funds with effect from Feb 1, 2019, the Monetary Authority of Singapore (MAS) said in a media release on Monday (Dec 17). The Supplementary Retirement Scheme is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Similar to cash applications, the minimum application amount is S$500. The S$100,000 individual limit for SSB will be also doubled from S$100,000...

December 17, 2018

News, Slider2018, Singapore

17DecDecember 17, 2018

México. AMLO busca integrar sistemas de pensiones y mejorar rentabilidad de Afores

En el 2019, la administración de Andrés Manuel López Obrador trabajará para integrar los tres componentes centrales del sistema de pensiones en México y revisar la regulación de las Afores para mejorar sus servicios y los rendimientos que dan a los trabajadores para su jubilación, revelaron los Criterios Generales de Política Económica. De acuerdo con el documento presentado al Congreso, el nuevo gobierno llevará a cabo acciones en el 2019 que incidan en una mejor integración de los tres componentes...

December 17, 2018

Noticias2018, Mexico

17DecDecember 17, 2018

US. Shareholders call on ExxonMobil to set greenhouse gas reduction targets

A number of institutional investors in ExxonMobil Corp (XOM.N) have said they will file a shareholder resolution which calls on the world’s largest oil company to set targets for lowering its greenhouse gas emissions. The call, led by the New York State Common Retirement Fund (NYSCRF) and the Church Commissioners of England (CCE), comes in the wake of shareholder moves at other major energy firms seeking to make them more responsive to climate change and its impact on the business. The...

December 17, 2018

News, Slider2018, US

December 2018