October 2024
03Oct

UK. FCA: ‘We’ve raised the bar, we never expected all funds to get SDR label’

There is a “healthy pipeline” of funds applying for SDR investment labels, in line with where the regulator expected the market to be at this stage, the Financial Conduct Authority has said. Alicia Kedzierski, head of sustainable finance at the FCA, told delegates at the UKSIF Good Money Week conference 10 labels had been awarded as of yesterday (October 2) and many more were in the pipeline. Though she could not say how many labels the regulator expects to authorise before...

October 3, 2024
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03Oct

What strategies are working to increase pension coverage?

It’s no surprise that people are living longer and retiring later. Last week’s Association of Canadian Pension Management (ACPM)’s annual national two-day conference held in Kelowna, BC offered Canadian pension plan sponsors, administrators, trustees, asset managers and other retirement income system leaders a look into the organizations in Canada and around the world who are employing a range of strategies to increase pension coverage and improve retirement outcomes for Canadians. Global Pension Index David Knox, senior partner and senior actuary for Mercer...

October 3, 2024
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03Oct

More and more older adults are aging alone. This can increase the risk of dementia

A growing number of people 65 and older are living alone. While aging solo presents challenges, solutions are in the works. Kent Ellsworth is the executive director of the Verde Valley Caregivers Coalition in Sedona. "Out of the 3,000 individuals we've served over the last year or two, about 65% are living alone," Ellsworth said. Ellsworth says they’re also serving 10 individuals who are over the age of 100. "And they're all living alone," Ellsworth said, either by choice or circumstance. Spouses die....

October 3, 2024
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02Oct

Bolivia. Arce promulga reforma de la Ley de Pensiones y afirma que resignó el artículo de la jubilación a los 65 años por el ‘bien mayor’

El presidente Luis Arce ha promulgado este martes la modificación de Ley de Pensiones cuyo objetivo es mejorar la renta solidaria de vejez, sin embargo, en el acto mencionó que había resignado el artículo sobre la jubilación máximo a los 65 años de edad para privilegiar el “bien mayor”. Con dicha ley se mejora las rentas de jubilados con menores ahorros previsionales y que se benefician con el Fondo Solidario. El límite superior de esta modalidad sube de Bs4.200 a...

October 2, 2024
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02Oct

El futuro de las pensiones: un desafío global, una oportunidad para Colombia

El Congreso aprobó una reforma pensional basada en pilares que nos obliga a realizar transformaciones para garantizar el ahorro, la cobertura, la equidad y la sostenibilidad del sistema, pues en este modelo el fondo del ahorro se verá agotado en el mediano plazo, lo que implica enormes retos fiscales. Debemos reflexionar y buscar alternativas para construir sistemas pensionales y de ahorro que desafíen los modelos tradicionales, ya que la longevidad va en aumento y las tasas de natalidad, en declive....

October 2, 2024
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02Oct

¿Estamos viendo el final de un ciclo de dinero barato?

Estamos viendo el comienzo de un ciclo de flexibilización de la política monetaria. Muchos se preguntan ahora hasta qué punto pueden caer las tasas de interés y qué pueden significar para nuestras economías. Sin embargo, para mí las preguntas más interesantes son de largo plazo. Para ser precisos, hay tres. ¿Las tasas de interés reales por fin dieron un salto ascendente duradero, después de su descenso a niveles extraordinariamente bajos? ¿La valoración de los mercados bursátiles dejó de revertirse...

October 2, 2024
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02Oct

US. Private equity firms ploughing billions into fossil fuels, analysis reveals

Private equity firms are using US public sector workers’ retirement savings to fund fossil fuel projects pumping more than a billion tonnes of greenhouse gas emissions into the atmosphere every year, according to an analysis. They have ploughed more than $1tn (£750bn) into the energy sector since 2010, often buying into old and new fossil fuel projects and, thanks to exemptions from many financial disclosures, operating them outside the public eye, the researchers say. In many cases they are mortgaging workers’...

October 2, 2024
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02Oct

Canadian defined benefit pension plans show decreased funded levels in Q3: Aon

- Aon plc (NYSE: AON), a leading global professional services firm, announced today that the aggregate funded ratio for Canadian pension plans in the S&P/TSX Composite Index percent compared to 106.9 percent at the end of the second quarter, according to the Aon Pension Risk Tracker. The Aon Pension Risk Tracker calculates the aggregate funded position on an accounting basis for companies in the S&P/TSX Composite Index with defined benefit plans. To access Aon's interactive tracker, which dates to 2013, click here. Key findings for the quarter...

October 2, 2024
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02Oct

Azerbaijan prepares proposals to increase minimum wage and pension – minister

Under the directives from Azerbaijan’s President, an increase in the minimum wage and minimum pension will be implemented across the country starting next year, Minister of Labour and Social Protection of the Population of the Republic of Azerbaijan Sahil Babayev said at the ministry's board meeting, Trend reports. Information was presented regarding efforts to enhance the regulatory legal framework in the areas of labor, pensions, disability, and other sectors as part of ongoing social reforms. It was noted that over 20 draft...

October 2, 2024
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02Oct

US. Most older adults face ageism, and it’s taking a toll on their mental health

Discrimination against older people has become a pervasive part of American culture. Think birthday cards declaring someone "over the hill" and ads for "anti-aging" cosmetics. Most older adults say they experience ageism daily, according to a 2019 survey of more than 2,000 people between 50 and 80 conducted by the University of Michigan. Ageism, which includes stereotyping and discrimination based on age, is one of the most common forms of prejudice. A 2021 report from the World Health Organization found at least...

October 2, 2024
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