October 2024
30Oct

‘Companies are not listening to us’: DC schemes’ net zero challenges

Progress towards achieving net zero carbon emissions by 2050 is being hampered by some companies failing to engage with pension schemes or backtracking on previous commitments, according to research. A new report from the Defined Contribution Investment Forum (DCIF) has highlighted stewardship and engagement issues being faced by some of the country’s largest defined contribution (DC) master trusts. Katharina Lindmeier, senior responsible investment manager at Nest, told the DCIF that much of the “low hanging fruit has been plucked” as schemes...

October 30, 2024
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30Oct

What Are the Top Retirement Planning Questions Among Boomers?

Not surprisingly, “how much money will I need to retire comfortably” and “is it possible I could outlive my savings” were the top responses among Baby Boomers who were asked to select their top three “burning questions,” but another important issue was also on their minds. And that is the issue of long-term care, according to the latest findings from Northwestern Mutual’s 2024 Planning and Progress Study. Perhaps because of their proximity in age to retirement, Boomers included long-term care concerns...

October 30, 2024
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30Oct

UK Budget and US election hot topics at pension seminar

The impact of the upcoming UK Budget and US election on pensions and investment markets was a key focal point at Quantum Advisory’s latest event. Finance, HR and pension professionals came together on 22 October to hear exclusive industry insights and market updates at the firm’s pension and investment breakfast seminar at the Celtic Manor Twenty Ten Clubhouse. Dan Redwood, a senior investment consultant and actuary at Quantum Advisory, opened the event with an overview of macroeconomics, gilts and equity markets...

October 30, 2024
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29Oct

México. SNTE propone usar recursos de PENSIONISSSTE para regresar a esquema de Beneficio Definido

El secretario general del SNTE, Alfonso Cepeda Salas, propuso utilizar los recursos del PENSIONISSSTE para regresar al régimen de Beneficio Definido en las pensiones de los trabajadores al servicio del Estado, a fin de que desaparezca el esquema de cuentas individuales. Al participar en el evento, “Identidad y Pertenencia Sindical”, donde estuvo presente el gobernador el gobernador de Puebla, Sergio Salomón Céspedes, el líder del Sindicato Nacional de Trabajadores de la Educación, reiteró su demanda de que se reforme la Ley del ISSSTE de 2007...

October 29, 2024
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29Oct

España. Estas son las novedades de la tercera reforma de las pensiones anunciada por la Seguridad Social

El Gobierno ha anunciado su tercera reforma de las pensiones en tres años, con la aprobación de un proyecto de Real Decreto en el Consejo de Ministros este martes. Este decreto modifica el reglamento de los planes y fondos de pensiones, así como la Orden sobre la remuneración de los miembros de la Comisión de Control Especial de los fondos de pensiones de empleo de promoción pública. Principales cambios de la reforma Impulso al ahorro laboral para empleados y autónomos: Desde la Seguridad Social destacan que...

October 29, 2024
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29Oct

México. La Consar actualiza el régimen de inversión de las Afores, permite más exposición en alternativos

La Comisión Nacional del Sistema del Ahorro para el Retiro (Consar), actualizó el régimen de inversión de las Afores para qué, de acuerdo con su visión, se potencien las inversiones de las administradoras para beneficio de los trabajadores. Los cambios más significativos son los siguientes: Límites de inversión en Instrumentos Estructurados. La Consar señala que una mayor exposición a instrumentos alternativos puede traer beneficios a los portafolios sobre todo en las Siefores de las y los trabajadores más jóvenes. Por ello, se incrementan los límites en...

October 29, 2024
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29Oct

Uruguayos rechazan reforma que bajaba la edad de pensión de 65 a 60 años

Un plan de reforma de las pensiones era uno de los dos plebiscitos que también estaban en juego en las elecciones presidenciales del domingo 27 de octubre, en la que un candidato de centroizquierda se impuso a los dos que dividieron el voto conservador. Los ciudadanos en Uruguay no lograron entregar la mayoría de votos a un solo candidato presidencial, lo que dará paso a una segunda vuelta. En lo que sí coincidieron fue en rechazar una reforma pensional, que...

October 29, 2024
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29Oct

UK. Research reveals ‘clear need’ for greater DB support at retirement

More than a third (38 per cent) of pre-retiree defined benefit (DB) pension scheme members do not feel confident about planning their retirement, according to research from Just Group, which highlighted a "clear need" for greater support at retirement. In addition to this, the survey found that one in five pre-retired DB members over the age of 50 are yet to start planning for life after work. Given this, Just Group argued that there is a "clear need" to help private...

October 29, 2024
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29Oct

Hong Kong Sets AI Guidelines for Finance, Eyes Tax Break for Digital Assets

Hong Kong has unveiled its inaugural policy guidelines focused on the use of artificial intelligence in finance, alongside a potential tax incentive for digital assets, in a bid to strengthen its position as a premier business hub in Asia. According to Bloomberg, the new measures aim to create a supportive yet regulated environment for AI and digital asset investment, central to Hong Kong’s strategy to draw international investors back to its markets. On Monday, senior government officials announced a unified framework designed...

October 29, 2024
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29Oct

China. Beijing unveils policies for strengthening financial services

China's capital city Beijing has announced a series of policy initiatives for five key financial areas: tech finance, green finance, inclusive finance, pension finance, and digital finance. These initiatives aim to bolster the capital's new quality productive forces and foster high-quality development in each sector. The guidelines for advancing inclusive finance in Beijing encourage banks to increase lending to small and micro enterprises, focusing on first-time loans, renewals, credit loans, and long-term financing options. The document also promotes developing insurance...

October 29, 2024
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