April 2024
23Apr

Aging population to drive down Korea’s housing prices from 2040: experts

South Korea's housing prices are expected to see a long-term decline starting in 2040, hit by the nation’s falling birth rate and quickly aging society, according to experts who joined a Seoul seminar hosted by construction project management firm Hanmi Global on Tuesday. "In 2025, South Korea will become a superaging society with an over-65 population surpassing 10 million, which will account for more than 20 percent of the country's total population. Due to the aging population and overall decline...

April 23, 2024
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23Apr

Italian schemes bolster ESG standards in private equity allocations

Italian industry-wide pension funds (Fondi Negoziali) are increasingly applying ESG standards to private equity investments. According to a report on ESG and investment policies of Italian institutional investors published by think tank Itinerari Previdenziali, 21% of industry-wide pension schemes apply ESG criteria to allocate to private equity, a steep rise from the 7% recorded in 2023. However, occupational, pre-existing and first pillar schemes (Casse di Previndeza) still shy away from handing out specific mandates for asset management linked to sustainability goals, the...

April 23, 2024
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23Apr

Living to 95 may impact the world as much as AI and climate change

You need an 'evergreen' approach to life, work and health, economics professor Andrew Scott says In the first session of his world economy class at the London Business School, economics professor Andrew Scott asked students to name the trends that will transform their lives and careers over the next several decades. Artificial intelligence and climate change sparked much discussion among his students. Meanwhile, the trend of demographic change and "more old people" was seen as a negative. In his new book, "The...

April 23, 2024
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22Apr

México. “De ser aprobada iniciativa de Fondo de pensión, oposición buscará revertirla”

La discusión para la creación del Fondo de Pensiones para el Bienestar impulsada por Morena está programada para hoy, después de la suspensión de la sesión de la semana pasada. En el marco de la próxima discusión para crear el Fondo de Pensiones para el Bienestar en la Cámara de Diputados, Jorge Romero Herrera, Coordinador de la bancada del PAN, señaló que, de ser aprobada esta iniciativa, sus diputados y los de la alianza, el PRI y PRD, acudirán a...

April 22, 2024
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22Apr

Colombia. Así se pagarían las pensiones en Colombia con la reforma pensional de Petro

El pago de las pensiones en Colombia cambiaría radicalmente con la reforma pensional de Gustavo Petro, en caso de que se apruebe en el Congreso. De acuerdo con la ministra de Trabajo, Gloria Inés Ramírez, con esta se pretende construye un único sistema integral de protección a la vejez, cuyo administrador será Colpensiones. Este punto será clave para conocer cómo funcionará, a futuro, el régimen de jubilaciones y también para saber cómo se pagarán las mesadas a los ciudadanos. En particular, porque será Colpensiones...

April 22, 2024
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22Apr

México. Reforma de pensiones necesita diálogo tripartito y poner a trabajadores en el centro: Coparmex

El organismo que encabeza José Medina Mora advirtió que la reforma llevará a la centralización de recursos que les pertenecen a los trabajadores en un Fondo en control del gobierno federal. En un comunicado, la Coparmex consideró que cualquier cambio en la materia debe de ser a través del diálogo social tripartito que ponga al centro el bienestar de los trabajadores. La Confederación Patronal de la República Mexicana (Coparmex) planteó la creación de un Comité Técnico tripartita que salvaguarde el uso y...

April 22, 2024
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22Apr

US. Climate-related funds grow 16% in 2023 to $540 billion — Morningstar

Assets in mutual and exchange-traded funds with a climate-related mandate globally rose by 16% in 2023 to $540 billion, according to data collected by financial services firm Morningstar. The report said the increase was driven by continued inflows, product launches and market appreciation. Europe accounted for 84% of the climate-related assets, while China and the U.S. had market shares of 7% and 6%, respectively. However, the $40 billion of inflows into climate funds last year represented the lowest levels in four...

April 22, 2024
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22Apr

UK. Labour shifts poll tactics to target fearful Tory over-65s

Labour is to wage a new campaign to win over Tory-supporting pensioners in an attempt to neutralise one of the government’s last remaining electoral strengths, amid evidence the Conservatives are now performing as badly among the age group as they did under Liz Truss’s leadership. With less than a fortnight to go until local elections in England, which some Tories fear could trigger an attempt to topple Rishi Sunak, the Observer understands that Keir Starmer’s top officials are reorienting their campaign after detecting...

April 22, 2024
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22Apr

Less than half of Malaysians are insured as we become an ageing society

Less than 50% of Malaysians are insured, according to insurance industry players. They said that getting insurance is especially important for the public to shield themselves from unexpected illnesses in old age as the country moves toward an ageing society. Insurance industry players said medical claim payouts had increased in the last two years, with a surge of 14.9%, from RM13.4bil in 2022 to RM15.4bil last year. They also pointed to the 41.4% hike in disability payments and a 26.2% rise in...

April 22, 2024
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22Apr

Australian pension majors line up against Woodside ahead of AGM climate vote

Two of Australia's largest pension funds said on Monday they are voting against Woodside Energy's climate plan, ahead of its annual meeting on Wednesday, where the company's chairman is facing rare opposition from major investors. Aware Super, which manages A$170 billion ($109 billion) has voted against Woodside's climate transition action plan and the re-election of chair Richard Goyder to signal its displeasure over the company's efforts to cut emissions, according to a statement on Monday. “This decision has not been taken...

April 22, 2024
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