editor, Author at Pension Policy International

10NovNovember 10, 2023

UK. DB pension surpluses remain broadly stable

Defined benefit (DB) pension surpluses remained broadly stable during October, registering a slight decrease, but remaining elevated compared with recent years, according to XPS Pensions Group’s latest DB:UK funding tracker. The consultancy's tracker tool estimated that the aggregate surplus of UK pension schemes, when measured on a long-term target technical provision basis, stood at about £184bn on 31 October, which translates into an aggregate funding level of 115 per cent. A moderate 0.1 per cent rise in long-term gilt yields led...

November 10, 2023

NewsDefined Benefit, UK

10NovNovember 10, 2023

3 Factors That Affect People’s Retirement Planning Decisions

A whopping 95 per cent of respondents “adhere” to their retirement plan, while 54 per cent follow it precisely, and 41 per cent miss out on a few aspects occasionally, according to the PGIM India Mutual Fund Retirement Readiness Survey 2023. Sixty-seven per cent have a retirement plan in place, while 63 per cent believe they have a comprehensive one. Regardless of a retirement plan, fixed deposits (FD) are the most preferred investment vehicles among the respondents. FDs bagged the top place in the survey, followed...

November 10, 2023

NewsRetirement Planning

10NovNovember 10, 2023

All registered monks, nuns in Xizang covered by healthcare, pension schemes: official

Southwest China's Xizang Autonomous Region is providing medical insurance, pension schemes, subsistence allowances, and accident injury insurance, and covering health check expenses for all registered monks and nuns in the region, said the head of the regional government at a press conference on Friday. This is a ground-breaking achievement in the history of Tibetan Buddhism, said Yan Jinhai, chairman of Xizang's regional government, adding that as a result, registered monks and nuns are now entitled to receive pensions for the...

November 10, 2023

NewsChina, Coverage

09NovNovember 9, 2023

Álvaro Uribe defiende el modelo de los fondos de pensiones: “No los acaben, por favor”

El expresidente Álvaro Uribe, una vez más, defendió el modelo de los fondos privados de pensiones. “No solamente han sido un gran factor de protección de los trabajadores colombianos y de sus futuras pensiones, sino una gran ayuda a la estabilidad macroeconómica de Colombia”, destacó en una carta compartida en sus redes sociales. También aseguró que en el siglo pasado, el manejo de la economía colombiana fue destacado, pues a diferencia de otras naciones de la región, “el país nunca...

November 9, 2023

NoticiasEconomía Política, Mercado Laboral, Mexico

09NovNovember 9, 2023

República Dominicana. Las AFP podrán ofrecer planes complementarios de pensión

Las Administradoras de Fondos de Pensiones (AFP) podrán abrir planes complementarios de ahorro para retiro, independientemente de que el titular sea empleado formal o informal, nacional o extranjero y hasta para beneficiarios distintos a los aportantes de los recursos. Las AFP también podrán afiliar de manera automática a los trabajadores formales que a partir de un mes de haber obtenido un empleo no se hayan formalizado la elección de la entidad donde desean ahorrar sus fondos de pensiones. Mediante sendas resoluciones,...

November 9, 2023

NoticiasReforma de Pensiones, República Dominicana

09NovNovember 9, 2023

S&P desmejora la perspectiva de Panamá

La calificadora de riesgo Standard & Poor’s (S&P) mantuvo la calificación de riesgo para Panamá en BBB, pero revisó la perspectiva de estable a negativa. La perspectiva negativa, según la calificadora, refleja el riesgo de daño potencial a la confianza de los inversores y a las futuras inversiones privadas, a raíz del rechazo al contrato entre el Estado panameño y Minera Panamá, S.A. La fuerte oposición al contrato minero ha generado incertidumbre sobre el destino del proyecto, cuyo futuro ahora está en manos de la...

November 9, 2023

NoticiasEconomía Política, Panamá

09NovNovember 9, 2023

Public Retirement Systems Need Sustainable Policies to Navigate Volatile Financial Markets

Over the past decade, policy reforms and increased financial contributions have dramatically improved the cash flow situation of some of the nation’s most troubled state pension plans. Thanks to these changes, which include reforms to benefit designs, a commitment to fiscal discipline, and greater monitoring of the financial health of public retirement systems, no state is at risk of pension plan insolvency. Nevertheless, many states still have more to do to ensure the long-term sustainability of pension promises. As recently...

November 9, 2023

NewsInvestment, Regulation, US

09NovNovember 9, 2023

UK pensions minister urged to encourage schemes to invest in sustainability

LCP and Pensions for Purpose have written an open letter to UK pensions minister Laura Trott calling for investment in social and environmental sustainability and for intergenerational inequality to be at the heart of planned pension reforms. In July’s Mansion House speech, the chancellor of the exchequer Jeremy Hunt introduced a number of measures aimed at unlocking the growth potential of UK defined benefit (DB) schemes. LCP and Pensions for Purpose are urging the government to encourage pension schemes to invest more in areas...

November 9, 2023

NewsESG, Investment, Regulation, UK

09NovNovember 9, 2023

Solid returns can be found in today’s high-risk environment, investors say

Despite a challenging macro environment, there are opportunities to be found in inflation-linked bonds, the energy transition, artificial intelligence, and life sciences, said top executives at some of the world's largest investment managers during the Bloomberg New Economy Forum. Ten-year Treasury Inflation-Protected Securities currently offer real yields of 2.5%, said Lim Chow Kiat, chief executive officer at Singapore sovereign wealth fund GIC. Higher asset yields are generally good for long-term return, he added while speaking on a panel at the...

November 9, 2023

NewsInvestment

09NovNovember 9, 2023

Dutch pension funds fear ‘ill-fated idea’ to grandfather accruals

Agnes Joseph, an actuary for Achmea and a member of parliament (MP) candidate for the NSC party, is leading the proposal to make it easier to keep accruals in the current DB system – a plan that was unveiled last month when NSC published its election manifesto and discussed extensively on Monday during an election debate organised by IPE’s sister publication Pensioen Pro. According to Joseph, who is the NSC spokesperson for pensions, DB pensions should only be converted to DC if pension...

November 9, 2023

NewsNetherlands, Pension Management

November 2023