editor, Author at Pension Policy International

08JunJune 8, 2023

U.S., Europe managers diverge on ESG priority – survey

Some North American managers are making ESG integration less of a priority, according to a global survey released Wednesday by Linedata. The biennial Global Asset Management Survey by Linedata, a global provider of asset management software, data and services also tracked other trends, including continued digital transformation led by automation, data integration pain points, outsourcing and adoption of artificial intelligence. The survey of 265 buy-side institutions, including asset managers and wealth managers, found that worldwide, more of them consider environmental, social...

June 8, 2023

News#USPensions #Investment #ESG

08JunJune 8, 2023

French parliament chief to block bid to axe pension reform

The law was enacted following months of mass protests via a controversial constitutional mechanism whereby the government avoided a vote in the lower-house National Assembly. Speaker Yael Braun-Pivet, who is from President Emmanuel Macron's centrist party but is officially neutral, confirmed she would reject on constitutional grounds the bid to introduce new legislation, infuriating its backers. Speaking to BFM television, she said an amendment proposed by the small LIOT faction in parliament and backed by left-wing parties would be declared "inadmissible". She...

June 8, 2023

News, UncategorizedFrance, Pension Reform

08JunJune 8, 2023

Pension reform could impact employment and wages warns Bank of Spain

The Bank of Spain has warned the government that the new pension regulation could have a negative impact on employment, wages and the competitiveness of companies. This, it said, is due to the triple increase in contributions that the regulation imposes and that will particularly affect workers with higher salaries, who will be penalised in three ways, while the rest of the workers will only be affected by the increase in contributions that the new intergenerational equity mechanism entails. According...

June 8, 2023

NewsPension Reform, Spain

08JunJune 8, 2023

New global report highlights older people’s risk of starvation and extreme poverty due to rising global costs

Older people selling assets or even begging on the street to survive: “We buy bread and cheese and feed the children while we do not eat.” “We get sick and we no longer go to the hospital due to high transportation costs …the only thing left is for us to die.” The global food, fuel and finance crisis is having a devastating impact on millions of older people across the world. It is leaving them struggling to afford food and...

June 8, 2023

NewsIncome, Inflation

07JunJune 7, 2023

Comisión de la Cámara rechaza en general el sexto retiro de las AFP

El proyecto de sexto retiro fue rechazado, en general, por la comisión de Constitución de la Cámara. Con este resultado -de 10 votos en contra y sólo 3 a favor- no se podrá votar en particular, por lo que pasa directamente a la Sala. Lo más probable es que el destino de la iniciativa se defina este miércoles. La Comisión de Constitución de la Cámara rechazó, en general, el proyecto que permite un sexto retiro de los fondos previsionales. La iniciativa...

June 7, 2023

NoticiasChile, Retiro de Fondos

07JunJune 7, 2023

Colombia. La reforma pensional que sí fue: la Corte apuesta por un enfoque de género

Mientras el trámite del proyecto de reforma pensional del Gobierno de Gustavo Petro cuelga de un hilo en medio del mayor vendaval político desatado en escasos 10 meses de mandato, la Corte Constitucional ha sentado jurisprudencia en una decisión sobre la misma materia. El alto tribunal ha determinado que el sistema pensional actual no protege suficiente mente a las mujeres en elementos como el tiempo de cotización para acceder a una pensión, y que por eso se debe hacer...

June 7, 2023

NoticiasBrecha de Género, Colombia, Reforma de Pensiones

07JunJune 7, 2023

Gabriel Boric insiste al Congreso de Chile en tramitar su reforma pensional

El presidente chileno, Gabriel Boric, insistió este martes en avanzar en la tramitación de la reforma de pensiones, uno de los principales ejes de su programa pendiente de despachar desde hace siete meses por falta de acuerdos, e instó al Parlamento a "mejorar el proyecto" que su Gobierno presentó. "Acá no hay trancas ideológicas, se trata de tener una vejez digna. Vamos a insistir y espero no tener más contratiempos con eso en el Congreso", señaló el mandatario durante la...

June 7, 2023

NoticiasChile, Reforma de Pensiones

07JunJune 7, 2023

El Salvador. El gobierno ya tomó prestados los primeros $455.42 millones de los ahorros de trabajadores

El Gobierno, por medio del Instituto Salvadoreño de Pensiones (ISP) , ya tomó prestados los primeros $455.42 millones de los ahorros de los trabajadores a través de un nuevo instrumento financiero conocido como Certificado de Obligaciones Previsionales (COP), creado en diciembre 2022 para financiar las pensiones de los jubilados del sistema público y por los que a partir de ahora tendrá que pagar una tasa de interés del 7 % a los cotizantes a un plazo de 50 años. Antes...

June 7, 2023

NoticiasAhorros, El Salvador

07JunJune 7, 2023

US. DOL took thumb ‘off the scale’ in finalizing new ESG rule, official says

Despite mischaracterizations and political backlash, the Department of Labor's new rule permitting retirement plan fiduciaries to consider environmental, social and governance factors when selecting investments and exercising shareholder rights does not tip the balance in favor of ESG, a key department official said Tuesday. "The final rule that we put out, notwithstanding what you may have heard, doesn't require consideration of ESG, it doesn't mandate that every investment have an ESG score attached to it, it doesn't mandate that if...

June 7, 2023

NewsESG, Investment, Regulation, US

07JunJune 7, 2023

U.K. pension funds slow to invest in biodiversity – report

U.K. pension funds are increasingly aware of biodiversity risks to their portfolios, but not many are investing in natural solutions, according to research from Pensions for Purpose released Monday. Commissioned by alternatives asset manager Gresham House, Pensions for Purpose asked 22 asset owners and investment consultants how much they incorporate biodiversity and natural capital in investment decisions. Participants included the £25 billion ($31 billion) National Employment Savings Trust, London, £35 billion Brunel Pension Partnership, Bristol, £15 billion London CIV, £35...

June 7, 2023

NewsESG, Investment, UK

June 2023