editor, Author at Pension Policy International

22NovNovember 22, 2023

EIOPA chair pushes for action on pension dashboard, auto-enrolment, PEPP

The chair of the European pensions supervisory authority has called for “bravery” to make a pensions dashboard at European level a reality. In late 2021, EIOPA delivered its advice to the European Commission on developing pension tracking services and a dashboard to strengthen the monitoring of pension developments in EU Member States. Speaking at EIOPA’s annual conference today, Petra Hielkema said the advice was “sitting there, in Brussels”. “It’s difficult, because if you really want a full dashboard you need the labour and social...

November 22, 2023

NewsCoverage, EU, Regulation

21NovNovember 21, 2023

What do we know about China’s new financial watchdog?

China's Central Financial Commission (CFC), a new regulator with Premier Li Qiang as its head, held a meeting on Monday (Nov 20) and urged stronger supervision of risks in the financial sector as Beijing accelerates efforts to become a "major financial power". The setting up of the CFC underscores how the ruling Chinese Communist Party is tightening grip on the country's $61 trillion financial sector amid a destabilising property and local government debt crisis that has weighed on the economic...

November 21, 2023

News2023, China, Pension Management, Regulation

21NovNovember 21, 2023

México. Connacionales en EU sufren para recuperar su ahorro para el retiro

Los paisanos que hicieron su vida en Estados Unidos , pero en algún momento trabajaron de manera formal en México , enfrentaron un calvario para recuperar su ahorro para el retiro o llevar a cabo aportaciones voluntarias con el fin de obtener una pensión. Con residencia en Nueva York , Reyna Martínez se encuentra en esa situación y desconoce qué hacer con las más de 400 semanas cotizadas que tiene en el IMSS. Cuando acudió al consulado de México en Nueva York, asegura que no le ofrecieron...

November 21, 2023

NoticiasCobertura, Mexico, Pago de Pensiones

21NovNovember 21, 2023

Recortar las pensiones y desmantelar la Protección Social, entre las propuestas del presidente electo de Argentina

Argentina ha elegido este domingo al ultraderechista Javier Milei presidente y se adentra en una etapa de profunda incertidumbre. El economista, que asumirá el cargo el 10 de diciembre, deberá gestionar una grave crisis, con altos niveles de pobreza, reservas en mínimos y pagos pendientes al Fondo Monetario Internacional (FMI). Milei propone reducir el Estado al mínimo y confía en que el mercado por sí solo resolverá los problemas gracias al desarrollo del comercio y las exportaciones. Propone además...

November 21, 2023

NoticiasColombia, Reforma de Pensiones

21NovNovember 21, 2023

Elma Saiz afrontará la evaluación de la reforma de pensiones y el traspaso de la Seguridad Social al País Vasco

No estaba en ni una sola quiniela. Es la única nueva adquisición entre los grandes ministerios económicos, que salvo por ella continuarán dirigidos por los mismos ministros de la legislatura anterior. Pero ser la recién llegada y no tener experiencia en pensiones no eximirá a Elma Saiz de tener que defender la reforma de las pensiones diseñada por Escrivá, ni tampoco de efectuar el traspaso de su gestión al País Vasco, y posiblemente también a otras autonomías. Durante esta, la XV legislatura...

November 21, 2023

NoticiasEspaña, Reforma de Pensiones

21NovNovember 21, 2023

US. State pension plans’ funded status improves

The median state pension plan funded status improved last year to 82.6% from 68.5%, according to data provided by Fitch Ratings. The rating agency's adjusted funded measure, which caps the assumed investment return at 6%, was 73.5% vs. 60.2% in 2021. States dropped their assumed rate of return in 2022, continuing a trend going back at least several years. Last year, the average fell to 6.88% compared with 7.6% in 2015. The number of states making at least 100% contributions compared...

November 21, 2023

NewsFunding, State Pensions, US

21NovNovember 21, 2023

Britain to launch growth funds to attract pension pot cash

The British Business Bank (BBB) will set up a new fund for pension schemes and asset managers to invest in growth companies, part of wider reforms to unlock savers' cash to boost the economy, the UK finance ministry said on Tuesday. Britain wants to encourage pension schemes to switch from a heavy focus on bonds and global blue chips to putting a portion of their cash in UK growth companies, a step it says would help improve returns for investors. The...

November 21, 2023

NewsInvestment, Regulation, UK

21NovNovember 21, 2023

German government to make pension funds join dashboard

The German government is preparing an ordinance to make pension funds exchange data with the pension dashboard – Digitale Rentenübersicht – by the end of next year, said Imke Petersen, head of the Zentralen Stelle für die Digitale Rentenübersicht (ZfDR), the unit within the first pillar manager Deutsche Rentenversicherung responsible for designing the platform. “On 31 December 2024 all pension funds will have not only to be registered with us, but also will be able to deliver [data],” Petersen said,...

November 21, 2023

NewsGermany, Pension Management, Regulation

21NovNovember 21, 2023

Baby boomers are the least likely cohort to seek financial advice: study

Professionals offering personalized financial advice have emerged as a key reverse mortgage industry referral partnership. Still, a new study illustrates that older Americans are the most reticent to seek it out according to a new study conducted by Charles Schwab. Operating from a data set consisting of 1,000 401(k) plan recipients between the ages of 21 and 70, only 62% of baby boomers indicated they would like personalized investment advice for their retirement accounts. The positive response rate increases for each successive generation:...

November 21, 2023

NewsBaby Boomers, Financial Literacy

21NovNovember 21, 2023

IBM reopening pension plan turns industry heads

When it comes to dealing with an overfunded frozen pension plan, International Business Machines is putting into action what some of its peers are thinking about. The company recently confirmed that it will cancel its defined contribution plan company match and replace it with a component within its IBM Personal Pension Plan, a defined benefit plan, on Jan. 1. The 401(k) match is 5% of an employee’s salary. The IBM 401(k) Plus Plan had $53.2 billion in assets as of Dec....

November 21, 2023

NewsFunding, Occupational Pensions, Pension Management

November 2023