editor, Author at Pension Policy International

12DecDecember 12, 2023

U.K. Pensions Regulator updates cyber-risk guidance

U.K. pension trustees should be vigilant about cybersecurity and report significant events, The Pensions Regulator said in updated guidance released Dec. 11. "Pension schemes are at risk of being targeted by cyber-attacks because of the large amounts of personal data and assets they hold," TPR said in a release, saying the guidance will help trustees and plan managers as well as suppliers and advisers. The latest guidance calls on trustees and providers to report significant cyber incidents to help it build a better...

December 12, 2023

NewsRegulation, Risk, UK

12DecDecember 12, 2023

The new longevity: Stanford center examines societal impacts of a population living longer

BY 2030, ONE in four Californians will be 60 years or older. By 2060, the percent of Californians in the 60+ age group will have increased three times faster than the total population. People are living longer than ever. Worldwide, the average life expectancy of a newborn has more than doubled since 1900, from 32 years to 71 years. Half of 5-year-olds in the United States today will likely live for 100 years or more. The Stanford Center on Longevity (SCL)’s mission is to...

December 12, 2023

News, UncategorizedAging, Longevity

12DecDecember 12, 2023

UK. Over two thirds of savers unsure how to switch to a greener pension

While most Brits are well aware of how to reduce their carbon footprint through changing their behaviours, more than two thirds (67 per cent) don’t know how to switch to a ‘green pension’, research from Scottish Widows has revealed. Scottish Widows’ second annual Green Pensions Report found that there is growing appetite for responsible retirement savings propositions among employers and employees, with nearly three quarters (74 per cent) of savers expressing a keen interest in obtaining more information about sustainable options for...

December 12, 2023

NewsClimate crisis, ESG, Pension Management, UK

12DecDecember 12, 2023

Managing inflation expectations may be tougher in aging societies: Expert

Monetary policymakers in aging economies may be perceived to have a comparatively lesser influence on the public’s inflation expectations when compared to those in nations with a different age structure, according to a leading scholar in investor behavior. Speaking at the 2023 Annual Conference on Asia-Pacific Financial Markets (CAFM) held in Seoul on Friday to Saturday, Professor Stefan Nagel from the University of Chicago said that investors adjust their inflation expectations based on experience rather than the language of monetary...

December 12, 2023

NewsAging, Inflation

11DecDecember 11, 2023

Colombia.El próximo año, el número de personas con su edad de pensión superará las 500.000

De cada cuatro colombianos, tres no se pensionan, lo que reduce la cantidad significativamente para los adultos nacidos entre 1962 y 1967 que recibirán una mesada Los sistemas de pensiones en el mundo y en América Latina están a prueba por retos de sostenibilidad y Colombia no es la excepción. Parte de la intención de la reforma laboral que lanzó el Gobierno Nacional viene motivada por estos factores de la sostenibilidad para el sistema. Para 2024 un total de 523.222 personas cumplirá la...

December 11, 2023

NoticiasColombia, Envejecimiento

11DecDecember 11, 2023

Perú. ONP: incremento de pensiones a jubilados se retrasaría hasta 2025, plantea Comisión de Economía

La Comisión de Economía del Congreso de la República tiene listo un predictamen que busca la reforma integral del sistema de pensiones en el Perú. Este documento legislativo de más de 300 páginas incorpora la iniciativa para liberar 2 UIT, equivalentes a S/ 9.900 de los fondos privados de pensiones AFP. Además de limitar este retiro AFP focalizado para desempleados, la propuesta busca aplazar el aumento de las pensiones para jubilados de la Oficina de Normalización Previsional (ONP) hasta el 2025, la cual difiere a la iniciativa presentada por el Poder...

December 11, 2023

NoticiasIngreso, Perú

11DecDecember 11, 2023

US is not prepared to house a growing number of older Americans

As skyrocketing housing prices persist across the country, the resulting homelessness crisis is growing, and more Americans are in need of assistance. However, some industry experts have noted an uptick in the average age of unhoused populations. “It's very tough. Very tough. Not knowing where you're going to go at night is very tough. I can't even get stable work because you have to have a stable place,” said Latia Griffin, who is experiencing homelessness in Ohio. A recent report from Harvard University's...

December 11, 2023

NewsAging, US

11DecDecember 11, 2023

UK’s PensionBee Comments on the Negative Impact of Greenwashing, Key ESG and Fintech Trends for 2024

PensionBee notes that in recent years, the spotlight has intensified “on the role of investments in the climate debate.” As most consumers would hopefully know by now, ‘ESG‘ stands for Environmental, Social, and Governance. This is a framework used to “measure a company’s sustainability, workforce and ethical practices.” Many companies have ESG ratings, which could “help consumers make informed choices.” It is well accepted that savings, “including pensions, can help shape a sustainable future.” Sustainable investing considers ESG factors “alongside financial returns.” It has gained popularity, but also “criticism...

December 11, 2023

NewsPension Management, UK

11DecDecember 11, 2023

BP pension nears deal to sell portfolio worth as much as $800m

The defined benefit pension scheme of one of the world’s largest oil and gas companies is close to offloading a portfolio of private market fund stakes, Secondaries Investor has learned. BP’s DB pension has been shopping a portfolio around $700 million to $800 million, according to two sources familiar with the matter. Campbell Lutyens is understood to be the adviser on the deal. The sale of the portfolio started in the second quarter of this year, according to the two sources. The...

December 11, 2023

NewsPension Management, Risk

11DecDecember 11, 2023

Quebec pension model back on the table in Alberta?

EDMONTON — Alberta Finance Minister Nate Horner — after promising any stand-alone Alberta pension plan would not follow the contentious Quebec model, then saying it might, then saying it won’t — told reporters Friday that possibility is back on the table. Horner rejected suggestions he was sending mixed messages, but the Opposition NDP called it another example of how the United Conservative government is crafting key policies on the back of a napkin as it examines having Alberta leave the...

December 11, 2023

NewsCanada, Public Pensions

December 2023