admin, Author at Pension Policy International

03OctOctober 3, 2018

South Africa. Nearly half of SA’s workforce estimated to have no retirement plan – survey

About 41% of economically active South Africans are estimated not to have any retirement plan in place, according to a survey by 10X Investments. It defines "economically active" people as those with a monthly income of more than R7 600. The survey went out to over a million South Africans and, according to 10X, this serves as a representation of the 11.9 million economically active South Africans in the country. The survey estimates that more than 40% of economically active women across...

October 3, 2018

News, Slider2018, South Africa

03OctOctober 3, 2018

Greek gov’t submits 2019 state budget draft, agreed pension cuts not included

The Greek government submitted the state budget draft for 2019 on Monday night at the Greek Parliament without including the new pension cuts that were agreed with international creditors under the last bailout program which expired this August. There was no need to slash the pensions from January 1 next year in order to achieve the agreed primary surplus of 3.5 percent GDP for 2019, the Finance Ministry argued in an e-mailed press statement. The satisfactory financial performance of the years...

October 3, 2018

News, Slider2018, Greece

03OctOctober 3, 2018

US. International Paper and Prudential Transfer $1.6 Pension Obligation

As part of the PRT agreement, Prudential will assume the responsibility for paying pension benefits to about 23,000 International Paper retirees. International Paper announced plans to settle approximately $1.6 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America. The parties size the pension risk transfer (PRT) deal as the second-largest to take place thus far in 2018, behind a group annuity transaction between MetLife and FedEx that covered some 41,000 retirees and...

October 3, 2018

News, Slider2018, US

03OctOctober 3, 2018

Swedish national pension fund to measure sustainability through Arabesque S-Ray

Arabesque today announced an agreement to provide the Swedish national pension fund Första AP-fonden (AP1) with ESG data through its proprietary technology Arabesque S-Ray®. As part of the new partnership, AP1 and Arabesque will also collaborate on developing a unique score for S-Ray® that quantifies the performance of companies based on the UN Guiding Principles on Business and Human Rights (UNGP Score). Arabesque S-Ray® is an algorithm-based tool that analyses the sustainability performance of approximately 7,000 of the world’s largest listed...

October 3, 2018

News, SliderSweden

03OctOctober 3, 2018

How can smart buildings help an ageing Asia?

Artificial intelligence, the internet of things and other smart technologies can help to make buildings smarter and more efficient, but can they make cities better places to live for the elderly? The technology of the fourth industrial revolution could make cities smarter than ever. But are smarter cities better for the environment and its residents? This was a central theme at the International Green Building Conference held in Singapore in September, where two panel sessions were dedicated to the topic of...

October 3, 2018

News, Slider2018, Asia

02OctOctober 2, 2018

México. Opinión: pensiones, incógnitas para ‘millennials’

Es cierto que hasta el momento no está claro cómo se podrá mejorar el sistema de pensiones, lo que sí se deja entrever es una intervención del Estado, señala Eduardo Yglesias. A tres meses del triunfo electoral de Andrés Manuel Lopez Obrador, la palabra “pensiones” ha estado constantemente presente en medios y, no es para menos. Una de las propuestas pilares de campaña del ahora presidente electo era la reestructura al sistema de pagos de estas, de tal manera que...

October 2, 2018

Noticias2018, Mexico

02OctOctober 2, 2018

Perú. AFP: Exigen se apruebe proyecto para que afiliados mayores de 40 años puedan solicitar devolución de aportes

Han pasado dos meses desde que llegó al Congreso de la República una propuesta de ley presentada por el Frente Amplio. Desde hace dos meses llegó al Congreso de la República una propuesta de ley que permitiría a a los afiliados de las AFP, de 40 años, que se encuentren desempleados, a retirar los aportes que haya realizado. De acuerdo al proyecto de ley N° 3036, presentado el legislador del Frente Amplio, Justiniano Apaza, se plantea modificar el artículo 4 de...

October 2, 2018

Noticias2018, Perú

02OctOctober 2, 2018

LGBTQ retirees, pre-retirees take bigger retirement risks

When it comes to investing money for retirement, 65 percent of LGBTQ respondents say they’re in growth- rather than preservation-oriented assets . They see the need for caution. But compared to other retirees and pre-retirees, lesbian, gay, bisexual, transgender, or queer Americans actually take bigger investing risks. Read more Benefits Pro

October 2, 2018

News, Slider

02OctOctober 2, 2018

US. The next financial crisis will be brought on by inadequate regulation, top economist says

Economists like Johns Hopkins University's Lawrence Ball have expressed alarm over the Trump administration's efforts to roll back Obama-era regulations put in place in the wake of the 2008 crash, namely the Dodd-Frank Act. But many banking professionals believe it’s time to cast off some of Dodd-Frank’s rules, arguing that allowing lenders to provide more credit would boost the economy. Now, with a greater debt burden than in 2008, record low interest rates and highly accommodative monetary easing,...

October 2, 2018

News, Slider2018, US

02OctOctober 2, 2018

South African state pension fund’s assets grow 8.6 pct

The value of assets managed by South Africa's state-owned pension fund rose by 8.6 percent in the year to March 2018, supported by a diversified investment strategy, the fund said in its latest annual report on Monday The Public Investment Corporation (PIC), which manages pensions of civil servants and is Africa's biggest pension fund, said assets under its custody grew to 2.08 trillion rand ($147 billion) from 1.91 trillion rand the year before. "Through prudent investment decision-making, underpinned by diversification, robust...

October 2, 2018

News, Slider2018, South Africa

October 2018