editor, Author at Pension Policy International

18JunJune 18, 2024

China raises base pensions for retirees by 3%

China's retirees will see a boost in their monthly pensions starting Jan 1, 2024, according to a joint notice from the Ministry of Human Resources and Social Security and the Ministry of Finance. The increase applies to individuals who completed their retirement procedures by the end of 2023 and were previously employed by companies or government bodies. The adjustment represents a roughly 3 percent increase on the average monthly base pension for retirees in 2023. The State Council, China's cabinet, approved...

June 18, 2024

NewsChina, Social Pensions

18JunJune 18, 2024

Thailand pension fund GPF studies asset allocation to seek resilient traits, report says

Thailand’s Government Pension Fund (GPF) is conducting a study on its strategic asset allocation strategy to identify characteristics of assets that can be resilient to risks over the next three years, Songpol Chevapanyaroj, secretary-general of the pension fund for civil servants, says in an interview with the Bangkok Post. The study is expected to be completed in the fourth quarter. “The difficulty in investment allocation is you cannot fully rely on either domestic or foreign investments,” Songpol is quoted as saying in...

June 18, 2024

NewsInvestment, Thailand

17JunJune 17, 2024

Colombia. La Cámara de Representantes de Colombia aprueba la reforma de pensiones

La reforma al sistema de pensiones en Colombia, uno de los asuntos prioritarios para el presidente Gustavo Petro, quedó aprobada este viernes en la Cámara de Representantes y lista para ser enviada al mandatario para que la publique y se convierta en ley, en medio de debates sobre sus implicaciones e impacto para el país. El pleno de la Cámara aprobó la reforma por 88 votos a favor y 23 en contra, luego de que esta semana legisladores de oposición...

June 17, 2024

NoticiasColombia, Reforma de Pensiones

17JunJune 17, 2024

México. Afores tuvieron en mayo las mayores plusvalías del año

Las Administradoras de Fondos para el Retiro (Afores) tuvieron en mayo sus mayores plusvalías en lo que va del 2024, luego de sufrir minusvalías el mes anterior, con lo que reportan un saldo positivo durante el presente año. Company logo En mayo pasado, las afores tuvieron plusvalías por 82,830.8 millones de pesos, según datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). En el promedio del año, las administradoras acumulan plusvalías por 50,991 millones de pesos. El buen desempeño...

June 17, 2024

NoticiasAdministración de Pensiones, Mexico, Rendimientos

17JunJune 17, 2024

Chile. Reforma previsional: Jara critica que las AFP “han invertido una gran cantidad de recursos en una campaña que desinforma deliberadamente”

La ministra del Trabajo y Previsión Social, Jeannette Jara (PC), se refirió este domingo a las discusiones por al reforma previsional, además de la postura de la derecha y de las AFP al respecto. En entrevista con El País, la secretaria de Estado atribuyó la demora en aprobar una reforma de este tipo -cuya discusión se ha prolongado por diez años en distintos momentos- a que a quienes hacen política les ha faltado “una mirada más generosa” y por otra parte, señalo al “interés económico” como factor. “Las AFP...

June 17, 2024

NoticiasChile, Reforma de Pensiones

17JunJune 17, 2024

UK. Election could create an opportunity for ‘radical shake-up’ in pensions

The start of a new parliament is a good time to stand back and ask some pretty fundamental questions about the UK pension system. Much of the complexity in the current system has arisen as a result of piecemeal changes, often because the government of the day was short of a billion or two to balance the books. But the promised pensions review under a potential new government offers a long-awaited opportunity to think strategically about the system as a whole...

June 17, 2024

NewsPension Reform, UK

17JunJune 17, 2024

US. Gen X is the least confident about retirement as ‘crunch time’ nears—and has done less to prepare than boomers or millennials

The cohort once derided as the “slacker generation” is about to start heading into retirement, and many Gen Xers aren’t feeling so optimistic about it after not doing as much to get ready. Only 62% of Gen Xers feel confident about “being able to financially support all the things they want to do in life,” according to Allianz Life Insurance’s 2024 annual retirement study. That’s well below baby boomers (82%) and millennials (77%). To be sure, the simple fact that Gen X...

June 17, 2024

NewsGen X, Gen Z, Millennials, Retirement Planning, US

17JunJune 17, 2024

Sweden eases rules on occupational pension payout phase, allowing pauses

Sweden’s government has decided to introduce more flexible rules for the payment of occupational pensions — following agreement on the issue by the cross-party pensions group last October. During the first five payment years, it will be possible for individuals to pause payments and extend the payment period, according to an announcement from the ministries of finance and social affairs last week. Elisabeth Svantesson, the Swedish finance minister, said: “Sweden’s pensioners should be able to choose how they want to set...

June 17, 2024

NewsOccupational Pensions, Pension Reform, Sweden

17JunJune 17, 2024

Japan’s Kishida says no plan for pension fund to buy BOJ’s ETF holdings

apanese Prime Minister Fumio Kishida said on Monday he has no plan for the government's pension fund to buy the central bank's holdings of exchange-traded funds (ETF). "The Bank of Japan holds ETFs as part of its monetary policy efforts to achieve its price target. It's up to the central bank to decide on how to load the holdings," Kishida told parliament. "The government has no plan to request or instruct GPIF to buy the central bank's ETF holdings," he said. Kishida...

June 17, 2024

NewsInvestment, Japan, Pension Management

17JunJune 17, 2024

UK. DWP Spending Review May Require PIP Recipients to Repay Money

The Department for Work and Pensions (DWP) provides State Pension and welfare benefits to about 22.7 million people across the United Kingdom. New numbers revealed in the 2024 Fraud and Error in the Benefit System report show that the overall number of benefit overpayments over the last year was £9.7 billion (3.7%), up from £8.3 billion in 2023. Personal Independence Payment (PIP) was implemented in 2013 to aid with additional expenditures associated with a long-term disability or health condition. The numbers reveal that...

June 17, 2024

NewsFraud, Regulation, UK

June 2024