admin, Author at Pension Policy International

31OctOctober 31, 2018

World’s largest pension fund cites improved ESG adoption by corporates

Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, said the companies in which it invests are increasingly adopting environmental, social, and governance (ESG) considerations in their businesses. In the 12 months to March 2018, GPIF’s portfolio companies showed improved ESG rankings for both domestic and foreign equities. The pension fund measured changes in ESG evaluations of its portfolio by calculating the weighted average according to market capitalization of GPIF’s asset under management. “ESG ratings, the ratings of all...

October 31, 2018

News, Slider

31OctOctober 31, 2018

US. IRS To Audit 401(k) Savers Who Contribute Too Much

We’ve written about the danger of overstuffing your Individual Retirement Account. Stiff penalties apply. Now the Treasury Inspector General for Tax Administrator is out with a report that suggests that some 401(k) workplace retirement plan savers are pushing the limits, saving more than what’s allowed, costing the U.S. Treasury. TIGTA’s recommendation: bring lax employers and errant taxpayers into compliance. The IRS’ response: It will beef up employer education and conduct targeted audits for taxpayers who appear to have excess 401(k) deferrals, especially...

October 31, 2018

News, SliderUS

31OctOctober 31, 2018

South Africa: Gogos Pay to Queue for Pensions

Social grant beneficiaries pay R10 to R20 to get a space outside the Pietermaritzburg post office Social grant beneficiaries in Pietermaritzburg have become the targets of extortion. They have to pay youngsters, known as "amaphara", for a space in the queue outside the post office in Langalibalele Street. They pay R10 or R20 to be even closer to the front. Honoratha Dlamini says it already costs her R200 to hire a car to get from Imbali Unit 13 to the post...

October 31, 2018

News, SliderSouth Africa

31OctOctober 31, 2018

US. The Dangerous Consequence Of Cutting Public Safety Pensions

Management consulting firm McKinsey reports that organizations that appear on “best places to work” lists often make the cut because their business strategy is premised on a long-term relationship with their employees. McKinsey credits companies for both the large and small signals sent to employees that an organization cares about its people. Valued by employers as a workforce management tool to recruit and retain talent, offering defined benefit (DB) pension benefits is one way that employers send a loud signal to employees...

October 31, 2018

News, SliderUS

30OctOctober 30, 2018

Chile. Michael Preisel, miembro de ICPM: “Hay que cambiar el sistema de impuestos para financiar las pensiones”

La problemática previsional está en la agenda del gobierno ahora. Es una de las materias más sensibles a reformar a nivel país, dada la urgencia de mejorar las pensiones. Por lo mismo, hoy el Presidente Sebastián Piñera anunciará en cadena nacional los principales cambios y mejoras que enviará en un proyecto de ley al Parlamento. En los días previos a este anuncio, en el Hotel Sheraton de Santiago se reunió la crema mundial de la administración de fondos en el...

October 30, 2018

Noticias2018, Chile

30OctOctober 30, 2018

Chile. Aumento de 4% en cotizaciones y mejoras al pilar solidario: Piñera anunció su esperada reforma previsional

Mediante una cadena nacional, el presidente explicó que los trabajadores tendrán la opción de elegir quién administrará el porcentaje adicional de cotización. Además, el Pilar Solidario aumentará del 0,8% al 1,2% del PIB. Esta noche, el presidente de la República Sebastián Piñera anunció por cadena nacional una reforma al sistema de pensiones. De acuerdo al gobierno, este proyecto busca aumentar las pensiones de los jubilados, compensar las lagunas previsionales de los pensionados y asegurar ingresos para una población cuya expectativa de...

October 30, 2018

Noticias2018, Chile

30OctOctober 30, 2018

México. Descartan daños a Afores por cancelación del NAIM en Texcoco

La Asociación Mexicana de Afores indicó que los instrumentos de inversión utilizados por las Afores en el NAIM están respaldados. La eventual cancelación del proyecto del Nuevo Aeropuerto Internacional de México (NAIM) en Texcoco no afecta a las inversiones que realizaron las Afores en este proyecto y, por lo tanto, los recursos de los trabajadores están salvaguardados, aseguró la Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore). En un comunicado, aclaró que los trabajadores deben estar tranquilos respecto a...

October 30, 2018

Noticias2018, Mexico

30OctOctober 30, 2018

Chile. Presidente de la Asociación de AFP valoró la reforma previsional: “Es un buen esfuerzo en materia fiscal”

Andrés Santa Cruz aprovechó la instancia para referirse a las oportunidades laborales de los adultos mayores: "Tienen mucho que aportar a la productividad de las empresas, del país". El presidente de la Asociación de AFP’s, Andrés Santa Cruz, reaccionó al anuncio del Presidente Piñera en relación a la reforma previsional. Comentó que a su parecer es bueno ofrecer incentivos para que las personas que pueden seguir trabajando, lo hagan, pero señaló que hay un desafío como sociedad para darle oportunidades a...

October 30, 2018

Noticias2018, Chile

30OctOctober 30, 2018

It’s Never Too Soon: Retirement Planning for Millennials

Millennials are in a bind, squeezed by changing workplace opportunities and massive student debts. To get on the right path to build their wealth, they should follow these four steps. Much has been written about the shaky financial health of Millennials, most notably that they are lagging behind other generations in personal net worth and falling behind in their retirement savings. This is due less to the popular belief of excessive spending and an alleged aversion for saving money, and...

October 30, 2018

News, Slider2018, US

30OctOctober 30, 2018

US. Pension Funds Point Finger at Lobbyists of Polluting Companies

A group of pension funds that control $2 trillion are pushing for 55 large European energy, mining and transportation companies to scale back their anti-climate lobbying. Sweden’s AP7, Legal & General Group Plc, the Church of England’s pension fund and Robeco of the Netherlands wrote to the chairman of each company, asking them not to use organizations that try to ease governments’ environmental rules and to be transparent about their own lobbying. The list of recipients includes 10 oil and...

October 30, 2018

News, Slider2018, US

October 2018