editor, Author at Pension Policy International

29MayMay 29, 2023

More than half of U.S. women don’t feel financially secure: survey

More than half of U.S. women say they aren’t financially secure, a percentage that increases to 77 per cent among low-income women, according to a survey by Public Opinion Strategies and Lake Research Partners on behalf of the National Council on Aging and the Women’s Institute for a Secure Retirement. The survey, which polled more than 1,200 women aged 25 and older, found nearly half said they don’t have an employer-sponsored retirement plan. Among low-income women, three-quarters said they don’t...

May 29, 2023

NewsGender Gap, US

29MayMay 29, 2023

Bangladesh. Govt to pilot universal pension from July

The government is set to launch a pilot programme for a universal pension system this July with separate products for expatriates, private sector employees, those engaged in the informal sector, and individuals covered by the social safety net. The initiative is aimed at bringing people from all walks of life under pension coverage in a gradual process. But no specific authority has yet been established to oversee the universal pension system and the pension products have not yet been specified...

May 29, 2023

NewsBangladesh, savings

29MayMay 29, 2023

UK. Create pension superfunds to save the economy, says Tony Blair Institute

Thousands of UK retirement schemes should be merged into just half a dozen £400bn superfunds to turbocharge investment in businesses and infrastructure, Sir Tony Blair’s think tank has said. In a paper today, the Tony Blair Institute backs proposals circulating in Whitehall to turn the Pension Protection Fund (PPF) – a lifeboat scheme for the pension funds of companies which go bust – into the first of a new generation of “global scale” schemes that are better-equipped to invest in...

May 29, 2023

NewsPension Management, UK

29MayMay 29, 2023

Namibia: Contractors Urged to Adhere to Mandatory Pension Benefits

The Construction Industries Federation (CIF) of Namibia said it is mandatory for construction sector employers to register their most vulnerable workers with a pension fund, and assist with contributions. CIF chief executive officer Bärbel Kirchner said in a statement that the provision applies to all contractors, as per the collective agreement between CIF and the Metal and Allied Namibian Workers Union (Manwu). "We are aware that some companies have not registered their workers as per the categories listed in the gazetted...

May 29, 2023

NewsNamibia, savings

26MayMay 26, 2023

Perú. Retiro AFP 2023: plantean acceso al 25% de los fondos para pagar deudas con garantía hipotecaria

Las propuestas para seguir retirando dinero de las AFP continúan en el Parlamento. María Córdova Lobatón, congresista de la bancada Avanza País, propone una medida que permita a los afiliados al sistema privado de pensiones retirar hasta el 25% de sus fondos para utilizarlo en el pago de créditos con garantía hipotecaria. La propuesta busca brindar beneficios directos, como el ahorro en el pago de intereses y ofrecer un alivio económico en un contexto de aumento de precios, debido...

May 26, 2023

NoticiasPerú, Retiro de Fondos

26MayMay 26, 2023

Chile. Ministra chilena de Trabajo: “Lo más difícil está por venir, la reforma de pensiones”

A días de que el Parlamento vote la segunda subida del salario mínimo en 15 meses, la ministra chilena de Trabajo y Previsión Social, Jeannette Jara, dijo en una entrevista con EFE que su mayor desafío "está por venir, con la reforma de pensiones" y el fin de las aseguradoras privadas de fondos, un compromiso gubernamental que "sigue intacto". "Siempre se conversa de la industria de las administradoras de fondos de pensiones (AFP), del mercado de valores, de las utilidades,...

May 26, 2023

NoticiasChile, Reforma de Pensiones

26MayMay 26, 2023

UK. Govt urged to announce new pensions dashboards timeline

The government and pensions authorities have been urged to announce a new pensions dashboards timeline after the mandatory deadline was extended. In March, the pensions minister Laura Trott extended the 31 August 2023 deadline due to technicalities. Trott said additional time was needed to deliver the technical solution to enable the connection of pension providers and schemes. However, pensions experts want to see a new timeline announced sooner to get firms participating in the dashboards programme better prepared. “It’s imperative that the regulator...

May 26, 2023

NewsTechnology, UK

26MayMay 26, 2023

Australia. Rising retirement costs outpace inflation

According to the Association of Superannuation Funds of Australia (ASFA), the annual budget for a comfortable retirement is a record $70,482 for a couple aged 65 and $50,004 for a single. It says a “modest” retirement costs $45,808 for a couple and $31,785 for singles – which can be largely covered by the age pension. Retirees continue to face significant upward pressure on their household budgets with the cost increase reporting higher than Australia’s CPI inflation, which rose 7% for the...

May 26, 2023

NewsAdequacy, Australia, Inflation

26MayMay 26, 2023

ChatGPT spurs interest of pensions and institutional investors in Chinese AI firms

ChatGPT has brought artificial intelligence to the forefront of institutional investors' minds and Chinese AI companies are benefiting from that interest — even if limited partners and venture capital firms are keeping silent on the topic. A February report by the Center for Security and Emerging Technology, a research organization within Georgetown University in Washington, said that Chinese AI firms raised $110 billion between 2015 and 2021, of which $40.2 billion came from syndication deals in which U.S. investors participated....

May 26, 2023

NewsChina, Investment

25MayMay 25, 2023

Retiros desde las AFP: los efectos que se mantienen vigentes en la economía

El Banco Central (BC) publicó este miércoles el Informe de Estabilidad Financiera (IEF) del primer semestre de 2023. Este documento entrega la visión del Consejo del Instituto Emisor respecto de los principales riesgos, vulnerabilidades y mitigadores para la estabilidad financiera en Chile. El informe indica que las condiciones financieras se han deteriorado a nivel global, respecto del informe anterior, con un grado de incertidumbre sobre su evolución futura que es superior a lo habitual. Tras un largo periodo de bajas tasas...

May 25, 2023

NoticiasChile, Economía, Retiro de Fondos

May 2023