January 2024
30Jan

Colombia. Los 4 temas pensionales que aguardan por un ajuste, según Colfondos

Aunque todavía no hay señales claras sobre cuándo reinicie el debate del proyecto de reforma pensional, sobre el cual a finales del año pasado hubo amplia discusión e ilustración en algunos foros académicos organizados tanto por el Senado, como por los fondos privados de pensiones (AFP), las preocupaciones por los efectos que esta iniciativa podría tener en el largo plazo, de ser aprobada tal y como está planteada hasta el momento, siguen latentes. Marcela Giraldo, presidente de Colfondos, advierte sobre esos...

January 30, 2024
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30Jan

UK. DWP confirms final DB funding regulations

The Department for Work and Pensions (DWP) has published the final Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024, which are set to come into force from April 2024. The final regulations set out the requirements for defined benefit (DB) pension schemes when determining their funding and investment strategy and statement of strategy, and will apply to scheme valuations from September 2024. Industry experts previously raised concerns over a potential mismatch between the DB regulations and The Pensions...

January 30, 2024
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30Jan

South Korea. NPS Achieved Impressive 9.88% Annual Return Last Year, Approaching 1 Quadrillion Won Mark

As of November last year, the National Pension Fund’s (NPS) rate of return approached double digits. Despite concerns about a global economic downturn, the strength of the stock market resulted in the evaluation of the fund’s assets surging to nearly 1 quadrillion won. The NPS Investment Management disclosed on Jan. 29 that the cumulative rate of return for the fund until November last year stood at 9.88 percent. This figure represents a notable increase from the cumulative return of 6.75...

January 30, 2024
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30Jan

US. What’s the average 401(k) balance by age?

The amount of money you’ll need to retire comfortably depends on several factors, such as where you plan to live and how much you plan to spend. But experts say it’s important to save for the future now — especially because one of the main advantages of 401(k) workplace retirement plans is that your money benefits from compound returns, growing via the financial markets over time. “The sooner 401(k) participants start to save, the more realistic their retirement goals will...

January 30, 2024
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30Jan

Where Pension Incentive Pay Makes Sense — and Doesn’t

By Girard Miller To continue a theme I introduced in my last column, the compensation structures for public pension professionals will need a tune-up if we expect them to deliver superior investment returns. The first steps toward performance improvement don’t require a lot of money — just a willingness to bump up the salaries of those with proven investment IQs as demonstrated through relevant credentialing programs. Beyond that, however, it gets much trickier for the plans seeking to deliver optimal performance in...

January 30, 2024
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29Jan

México. Pensiones absorbieron 66 de cada 100 pesos del gasto del IMSS

Datos de Hacienda muestran que el instituto destinó 684,829 millones de pesos a este rubro entre enero y noviembre del 2023, un incremento anual de 9.8%. Las pensiones de los trabajadores absorbieron, entre enero y noviembre del año pasado, más de la mitad del gasto que ejerció el Instituto Mexicano del Seguro Social (IMSS), de acuerdo con los datos divulgados por la Secretaría de Hacienda y Crédito Público (SHCP). Los datos entre enero y noviembre del año pasado mostraron que el pago...

January 29, 2024
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29Jan

Perú. Jubilados harán huelga de hambre por el aumento de pensiones: “nadie sobrevive con S/500 al mes en plena recesión”

El aumento de pensiones a los jubilados del Perú sigue en una promesa y no pasa del discurso. En entrevista con Infobae Perú, el secretario general del Sindicato Central Nacional de Jubilados y Pensionistas Del Perú (Cenajupe), Oscar Alarcón asegura que la pensión mínima de S/500 y la máxima (S/893) resultan irrisorias, pues no alcanzan para solventar la canasta básica familiar. El año pasado, en agosto del 2023, la presidenta de la República Dina Boluarte prometió en el Día Nacional de las Personas Adultas Mayores, que habrá un incremento de...

January 29, 2024
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29Jan

DC funds more open to real assets: Aviva

Seven in 10 defined contribution (DC) schemes plan to increase allocations to real assets in the next two years, according to new research from Aviva Investors. The company’s latest Real Assets Study found that 69% of corporate DC schemes planned to increase their allocation to asset classes such as property and infrastructure over the next 24 months. This was up from 51% in the 2023 edition of the study. The survey included schemes from the UK, Europe, Asia Pacific and...

January 29, 2024
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29Jan

Ghana. Health sector occupational pension scheme launches new mobile app to enhance services

Health Sector Occupational Pension Scheme (HSOPS) has launched a new mobile application to enhance services to its tier-two pension scheme beneficiaries. The mobile application will allow beneficiaries to access and update their information, follow up on their contributions as they are provided with in-dept analysis of their investments. It also provides a link to the HSOPS website which connects every member to the main database where each member could track their contributions, access and print membership certificates, make benefit projections and...

January 29, 2024
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29Jan

UK. Privately educated adults ‘more likely to have learned about pensions at school’

People who attended a private school are more likely to say they learned about pensions at school (20%) than those who were state-educated (6%), a survey has indicated. More than two-fifths (42%) of privately educated 35 to 44-year-olds said they reviewed or reassessed their pension pot at least once a year, compared with less than a fifth (17%) of state school-educated peers of the same age. Privately educated people were also more likely to hold private pensions outside of employment-linked pensions (40%),...

January 29, 2024
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