December 2022
27Dec

Inflation, war, rising interest rates posed steep challenges for investors in 2022

An inflationary environment that is anything but transitory, the volatility arising from Russia's invasion of Ukraine and other geopolitical crises, and a bevy of controversies surrounding ESG investing dominated headlines this year, while the fall of Allianz Global Investors and an exceptionally busy regulatory year were also among Pensions & Investments' top 10 stories of 2022. The top story this year was inflation and the Federal Reserve's aggressive actions to curb it through multiple interest rate hikes. After more than...

December 27, 2022
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27Dec

UAE’s Pension Authority raises awareness on incorrect contribution practices

Private sector entities that do not pay monthly contributions or provide incorrect data for their Emirati employees risk incurring additional penalties and, under certain conditions, imprisonment,' as per the federal pension and social security law. At the end of its campaign to educate insured Emiratis and the entities in which they are employed about an insured’s rights and duties in accordance to the NAFIS programme, the General Pension and Social Security Authority (GPSSA) stated that charging an insured person with...

December 27, 2022
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27Dec

Germany. Companies Introduce Social Partner Model For Pensions

At first glance, the interest is extremely low: Of the 1,900 companies that the Federal Chemical Employers’ Association (BAVC) wrote to, only 50 had decided in favor of the new “Nahles pension” by the beginning of December. A rate of 2.6 percent. Nevertheless, Klaus-Peter Stiller, general manager of the association, is anything but disappointed. After all, the companies currently have other concerns in the energy crisis than adjusting their pension systems. “In this respect, the 50 companies that have...

December 27, 2022
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26Dec

DWP confirms 2023 State Pension 10.1% rise with some eligible for more than £815 a month

State Pension pay rates are set to increase in the new year. Chancellor Jeremy Hunt's Autumn Statement protected the Triple Lock Rule once again. Anyone who receives Basic and New State Pension payments should expect to see their monthly income increase from April 2023. For the 12.5 million older people across the UK claiming the pension amount, this means an increase of 10.1% from spring next year, North Wales Live reports.. There are 10.1 million people currently receiving Basic State Pension...

December 26, 2022
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26Dec

Edad para retirarse podría subir en Colombia: esto dicen las AFP

En el marco de la segunda reunión de la comisión para la reforma pensional, las centrales obreras, los gremios, el Gobierno Nacional, académicos de la Universidad Nacional y representantes de los jubilados debatieron la transición demográfica y si es necesario aumentar la edad de jubilación en el país. Actualmente, Colombia tiene regulada una edad para jubilarse de cinco años de diferencia entre hombres y mujer. En el caso de las mujeres es de 57 años de edad, mientras que los...

December 26, 2022
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26Dec

Equity Gains Boost U.S. Public Pension Funding Status, Says Milliman

Strong market gains during October and November helped the estimated funded levels of the 100 largest public pension plans in the U.S. rebound to 74.7%, as of Nov. 30, from 71.6% a month earlier, according to consulting firm Milliman’s public pension funding index. It was a sharp turnaround from September, when poor market performance erased more than five percentage points from the funded ratio during the month alone. The aggregate asset value of the pension funds increased by approximately $158...

December 26, 2022
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26Dec

New World Bank Financing Will Expand and Strengthen Egypt’s Flagship Social Protection Program

The World Bank announced yesterday US$500 million in financing to expand and strengthen Egypt’s flagship Social Safety Net Program, also known as Takaful and Karama. The new financing marks a third phase of collaboration between the World Bank and the Government of Egypt to support the establishment of an efficient and effective cash transfer program and to introduce beneficiaries to interventions that generate sustainable incomes and help people to graduate out of poverty. Investing in human capital is integral to...

December 26, 2022
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23Dec

Más del 34% de personas de más de 65 años, sin ingreso ni protección social en América Latina y el Caribe

Los programas de pensiones no contributivas pueden cerrar las brechas de seguridad económica en la vejez al crear un nivel garantizado de protección social. LIMA (OIT Noticias) – La OIT advierte que la cobertura de la protección social relacionada con la vejez se está deteriorando, dejando al 34,5 por ciento de las personas mayores de 65 años sin ningún ingreso laboral ni pensión, situación de vulnerabilidad e inseguridad económica que se ha agravado por la crisis del COVID-19. ...

December 23, 2022
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23Dec

En México sólo 3 de cada 10 cuentas de ahorro para el retiro pertenece a una mujer

Estas cifras son proporcionadas por la misma CONSAR De las más de 72 millones de cuentas de ahorro para el retiro que están registradas en México sólo 25.5 millones la la titular es una mujer. En México sólo 3 de cada 10 cuentas de ahorro para el retiro pertenece a una mujer y con un saldo promedio 35% menor al acumulado por los hombres para cuando dejen de trabajar. Estas cifras son de acuerdo con el documento de trabajo "Equidad de...

December 23, 2022
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23Dec

Gobierno rechaza un proyecto de Autopréstamo y anuncia dos beneficios para el 2023

En La Moneda fueron tajantes en su postura frente a otro posible retiro de fondos previsionales. Apuntan a cerrar la discusión y poner énfasis en los nuevos aportes a la población. El Autopréstamo sigue siendo un asunto de máximo interés para la población. La propuesta de extraer una parte de los fondos individuales de las cuentas de las AFP fue incluida en la reforma previsional presentada por el Gobierno. Sin embargo, luego se agregaron otras tres iniciativas legales similares en...

December 23, 2022
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