January 2024
23Jan

Chile. El Gobierno de Boric enfrenta una semana crucial para su reforma de pensiones, su principal bandera

La reforma al modelo de pensiones chileno ha sido una de las principales banderas del Gobierno de izquierdas de Gabriel Boric, que esta semana enfrentará jornadas cruciales en el Parlamento para lograr su aprobación. Luego de la votación en la comisión de Hacienda de los diputados este lunes, el pleno de la Cámara de Diputados votará el proyecto entre este martes y miércoles. Primero la idea de legislar (es decir, la iniciativa en general) y, luego, en particular, donde se abordarán...

January 23, 2024
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23Jan

US. ‘Too few’ public pension funds address climate in proxy voting — report

"Too few" public pension funds are addressing climate-related financial risk when it comes to proxy voting, according to a report released Jan. 23 by nonprofit organizations Sierra Club, Stand.earth and Stop the Money Pipeline. The report, "The Hidden Risk in State Pensions: Analyzing State Pensions' Responses to the Climate Crisis in Proxy Voting," looked at 24 public pension funds with a collective $2 trillion in assets, including the $241.7 billion New York City Retirement Systems and state pension funds in California,...

January 23, 2024
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23Jan

​Finance Norway calls for change in workplace pensions

In response to December’s government proposals to reform Norway’s pension system to make it fairer, Finance Norway (Finans Norge) has called for changes to occupational pensions and measures to strengthen individual pension plans. Finans Norge said it took part last Thursday in the Standing Committee on Labour and Social Affairs’ hearing in parliament (Storting) on the government’s report to parliament on proposals for changes to the pension system. “Finans Norge supports the government’s proposal to strengthen the financial and social sustainability...

January 23, 2024
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23Jan

UK. Climate communications: Why Olivia Colman’s Make My Money Matter campaign went viral

Thousands of business leaders convened in Davos last week for the World Economic Forum’s annual summit. Top of their to-do list this year, as evidenced by the summit’s theme, is rebuilding public trust in the ability of the private sector to work with policymakers in addressing some of the world’s most pressing challenges including the climate crisis. This will be no mean feat. Historic climate action failures resulted in the hottest year on record, during which leaders met in an...

January 23, 2024
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23Jan

OECD tells Italy to curtail State pensions for high earners

The OECD on Monday called on Italy to reform its pension system, making it less generous for high earners. “Reducing the generosity of pensions for higher-income households could limit the [forecast] increase in [pension] spending, while maintaining adequate public services and social protection,” read the OECD’s economic survey of Italy. The Paris-based body also stressed the need to phase out a variety of schemes that make it possible to start claiming a State pension before the retirement age, as has already...

January 23, 2024
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22Jan

México. Afore duplican los préstamos al gobierno federal

Con el objetivo de maximizar las pensiones de los trabajadores, las Administradoras de Fondos para el Retiro (Afores) duplicaron los préstamos al gobierno federal, mientras que los inversionistas extranjeros retiraron su dinero. A través de las Sociedades de Inversión Especializadas en Fondos para el Retiro (Siefores) y bajo los parámetros de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), las Afores tenían un récord histórico de 3.1 billones de pesos en inversiones en valores gubernamentales al 10 de enero. Esta cifra es...

January 22, 2024
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22Jan

Chile. Asociación de AFP advierte que reforma del Gobierno “puede derivar en peores pensiones”

En la víspera del debate -hasta despacho final- de la reforma previsional en la Comisión de Hacienda de la Cámara Baja, la presidenta de la Asociación de AFP, Paulina Yazigi, realizó una serie de cuestionamientos a la propuesta impulsada por el Gobierno y alertó que su avance -con las nuevas indicaciones- puede terminar "con peores pensiones". En entrevista publicada este domingo por El Mercurio, Yazigi aseguró que "hasta ahora hay un sesgo claro del Gobierno" y acusó que las propuestas que han planteado en este debate...

January 22, 2024
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22Jan

Japan pension giant GPIF opens door to more asset managers

Japan's Government Pension Investment Fund plans to expand its choice of asset managers, bringing in newer companies as part of a push into active management. "We look forward to discovering superior asset management companies by opening our door wider," GPIF President Masataka Miyazono told reporters Friday. The move comes as GPIF, one of the world's biggest institutional investors, steps up its pursuit of market-beating returns. The fund had about 220 trillion yen ($1.48 trillion) in assets under management at the end of...

January 22, 2024
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22Jan

China. Revitalizing pensions and economy with innovative aging finance

Financial institutions actively manage the Basic Old-age Insurance Fund and the National Social Security Fund, adopting market-oriented, diversified, and specialized investment principles. This approach promotes appreciation in the first pillar of the pension system. These institutions not only handle the investment aspects of enterprise annuity schemes and occupational annuity schemes but also provide direct services to participants in processes such as account opening, migration, and withdrawal. This approach leads to continual expansion in coverage and fund growth in enterprise annuity...

January 22, 2024
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22Jan

UK woman’s pension stopped as provider refuses to believe she’s alive

A retired UK teacher's pension has been stopped after her provider repeatably refused to believe she's still alive. The Guardian have reported that 85-year-old Eileen McGrath was forced to endure Christmas with no pension payments after Teachers’ Pensions confused her for someone else, who was dead. “In November I had received two letters from Teachers’ Pensions asking me euphemistically if I was dead,” she said. “I immediately called to make it clear that I was very much alive. Nevertheless, a week...

January 22, 2024
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