January 2023
06Jan

Puerto Rico. Jubilados reclaman aumento en sus pensiones

Con un parrandón de Día de Reyes el Frente en Defensa de la Pensiones junto con el grupo Construyamos Otro Acuerdo le recordaron esta mañana al gobernador de Puerto Rico, Pedro Pierluisi, que atienda sus reclamos de un aumento en las pensiones de los jubilados del país ante el estrepitoso aumento en el costo de vida. Un nutrido grupo de pensionados del gobierno se agruparon frente a La Fortaleza con instrumentos musicales y altavoces para reclamar un aumento en las...

January 6, 2023
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06Jan

UK. Retirement investors rethink plans amid challenging economic climate

Just under half of retirement investors (49.6 per cent) have rethought their retirement plans or strategy in response to the challenging economic climate, research from AJ Bell has revealed. AJ Bell’s customer survey 2022 revealed that 50.4 per cent of respondents stated that the challenging economic climate had not changed their retirement plans or that they were too far away from retirement to be affected. Of those who indicated that their retirement plans had been affected, the most common response was...

January 6, 2023
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06Jan

US. Financial Planning for Retirement: It’s More Accessible, but Be Careful

I’ve been writing and researching articles on finance and money for most of my career, and covering retirement for the past 15 years. But my wife and I haven’t picked a stock or mutual fund for our own retirement accounts since the late 1990s, or written our own retirement plan. For that, we rely on a financial planner. Hiring a planner is one of the smartest financial moves we have made. This type of advice was once a subset of...

January 6, 2023
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06Jan

Principal announces pension joint venture in China

Principal Financial Group ®, a leading global financial services provider, today announced an exciting new chapter in their ongoing expansion of their global pension footprint as Principal® acquires a minority ownership stake (17.647%) in China Construction Bank (CCB) Pension Management Co., Ltd. (CCBP), CCB’s pension business with the Social Security Fund of China (SSF). CCB will remain as the majority shareholder of CCBP with a 70% interest and an additional minority stake (12.353%) held by the SSF. Principal is the...

January 6, 2023
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06Jan

Azerbaijan To Increase Social Benefits, Pensions

President of Azerbaijan Ilham Aliyev has signed a decree on additional measures to improve the social welfare of the population, trend reports. According to the decree, the Cabinet of Ministers was instructed to submit proposals to the President of Azerbaijan on increasing the amount of social benefits and pensions. Starting January 1, 2023, the minimum monthly wage and pension was increased in Azerbaijan. The increase of minimum wage is 15%, and the minimum pension 16%. According to experts, wage growth is...

January 6, 2023
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06Jan

German Employers’ Associations call on government to act on pension reforms

The Confederation of German Employers’ Associations (BDA) is pressing the government to proceed swiftly towards reforming the country’s pension system this year, knocking down incentives to retire early. BDA president Rainer Dulger said that “2023 must be a year of action. Germany needs real and sustainable reforms. Now is the time to put the necessary reforms into practice, without any mental restrictions”. He also addressed labour market figures published on 3 January. According to the figures published by the federal employment...

January 6, 2023
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05Jan

Chile. ¿Se cae el Autopréstamo de la AFP? Ministro Marcel critica proyecto de ley

En una exposición en la comisión de Constitución de la Cámara de Diputadas y Diputados, el ministro de Hacienda, Mario Marcel, descartó el apoyo del Gobierno a los proyectos de autopréstamos del 100% de los fondos de las AFP. El titular de Hacienda descartó que el Gobierno respalde alguno de los tres proyectos de autopréstamos que se encuentran siendo tramitados en el Congreso y sobre esto, declaró que "estamos hablando en los tres casos de autopréstamos que, en la medida...

January 5, 2023
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05Jan

Investing novices call the shots on $4 trillion at public pensions

Canada selects directors to oversee its public pension funds for their financial expertise and pays some six-figure salaries. In the Netherlands, board members must obtain approval from the central bank. In the U.S., a lineup of unpaid union-backed reps, retirees and political appointees are the vanguards of a $4 trillion slice of the economy that looks after the nation’s retired public servants. They’re proving to be no match for a system that’s exploded in size and complexity. The disparity is dragging...

January 5, 2023
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05Jan

UK. A surge in pension risk settlement predicted in 2023

Aon is predicting a surge in UK pension risk settlement in 2023, as the events of 2022 continue to feed through to the market. Martin Bird, senior partner and head of UK Risk Settlement at Aon, said: “While 2022 was one of the busiest years we have seen in the risk settlement market, we have every expectation that 2023 will see it accelerate. We think there will be a focus on full scheme transactions driving significant volumes across the entire...

January 5, 2023
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05Jan

France’s African ex-soldiers win last battle – over pensions

Some of the last survivors in France from a colonial-era infantry corps that recruited tens of thousands of African soldiers to fight in French wars around the world will be able to live out their final days with family members back in Africa after a French government U-turn on their pension rights. The decision to make claiming their pensions easier follows a years-long campaign on behalf of the “tirailleurs Sénégalais,” who were recruited to fight from Senegal and other former...

January 5, 2023
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