editor, Author at Pension Policy International

08FebFebruary 8, 2024

Argentina. Qué pasará con las jubilaciones tras la caída de la Ley Ómnibus

El gobierno de Javier Milei sufrió un duro revés político con la Ley Ómnibus en la Cámara de Diputados, que volverá a tratarse en comisión ante la falta de consenso con los bloques "dialoguistas". La caída de la Ley Ómnibus, que incluía importantes cambios en la forma en que se definen los aumentos de jubilaciones y pensiones, pone en suspenso la implementación de una nueva fórmula. El plan de la Casa Rosada era ajustar los ingresos de los jubilados de acuerdo al índice de inflación de abril. Sin embargo, con la vuelta de...

February 8, 2024

Noticias2024, Argentina, Inflación, Pensiones Públicas, Política Pública, Regulación

08FebFebruary 8, 2024

US. Shell Closes $4.9B Pension Risk Transfer With Prudential

Prudential Financial Inc. announced on Wednesday it had closed a $4.9 billion pension risk transfer deal with Shell USA Inc. The transaction would be the first major pension risk transfer in the U.S. this year, following record years for the pension risk transfer market in 2022 and 2023. “Prudential is honored to help continue meeting the retirement security needs of Shell’s retirees,” said Alexandra Hyten, head of institutional retirement strategies at Prudential, in a statement. “We are confident that our commitment...

February 8, 2024

News2024, Defined Benefit, Occupational Pensions, Pension Management, Risk, US

08FebFebruary 8, 2024

U.K. pension funds may consider climate change – Financial Markets Law Committee

The U.K. committee advising the markets on financial law said pension trustees may consider climate change when making investment decisions, allaying long-standing concerns that incorporating key ESG factors could be a breach of fiduciary duty. The Financial Markets Law Committee said U.K. trustees are required to make "careful" decisions, and that includes considering factors such as climate change that market prices may not yet reflect, in a Feb. 6 paper. While targeted at pension funds, the committee said its conclusions are...

February 8, 2024

NewsClimate crisis, Pension Management, UK

08FebFebruary 8, 2024

Kenya. Pension returns trail inflation rate for the second year

Pension contributors are staring at a major erosion of their savings after annual returns on investments in 2023 by pension funds shrunk below the rate of inflation. A periodic pension industry survey done by fund administrator Zamara shows that pension schemes made a weighted average return of 1.4 percent in 2023, which was lower than the 1.7 percent return recorded in 2022. At the same time, Kenya’s average inflation stood at 7.7 percent in 2023, meaning that the average saver lost...

February 8, 2024

News2024, Inflation, Kenya, Pension Management, Returns

08FebFebruary 8, 2024

US, Asia, Europe face aging populations

The United States, Asian and European countries must prepare for the needs of their aging populations, as there will be 2.1 billion people age 60 and older globally by 2050, the World Health Organization said. More than 82 million Americans will be 65 and older in 26 years, according to the Population Reference Bureau (PRB). Today, there are 58 million in that category. More Americans are turning 65 this year than at any other time in history — about 4.1 million...

February 8, 2024

News2024, Aging, Immigration, Labor Market

07FebFebruary 7, 2024

México. Reforma en pensiones y becas a jóvenes meterían presión a las finanzas públicas

El Instituto Mexicano de Competitividad recordó que, actualmente, las pensiones ya aprietan a las finanzas públicas. Este año, considerando las pensiones contributivas y no contributivas, absorberán 22 de cada 100 pesos que se gasten. Las reformas presentadas por el presidente Andrés Manuel López Obrador en materia de pensiones y del programa Jóvenes Construyendo el Futuro pondrán en aprietos a las finanzas públicas del país, las cuales ya han presentado debilidad en los ingresos públicos y un aumento en el endeudamiento...

February 7, 2024

NoticiasFinanciamiento, Mexico, Reforma de Pensiones

07FebFebruary 7, 2024

Colombia. Fondos privados de pensiones mostraron cifra que no gustó y señalaron a Colpensiones

En su balance del año pasado, Asofondos resaltó que los ahorros en fondos privados de pensiones eran de 405,6 billones de pesos. Esto representa un aumento del 17 % en comparación con lo visto en 2022. Aunque los números son buenos, desde los fondos privados señalaron que el potencial pudo ser mayor y señalaron a Colpensiones por una presunta “competencia desigual” que llevó a traslados masivos de los privados a los públicos. “Pudimos haber crecido más de no ser por esa competencia desigual con el fondo público, por...

February 7, 2024

NoticiasAhorro, Colombia

07FebFebruary 7, 2024

Japanese Pension Giant Rebounds in Fiscal Q3

Japan’s Government Pension Investment Fund rebounded in the third quarter of fiscal 2023, returning 2.62%, after reporting a slight loss the previous quarter, to raise its total asset value to 224.7 trillion yen ($1.51 trillion). For the first three quarters of the fiscal year, which runs from April 1, 2023, to March 31, 2024, the pension giant’s investment portfolio has returned 12%. The investment portfolio returned a total of 5.73 trillion yen for the quarter and 10.45 trillion yen during...

February 7, 2024

NewsJapan, Pension Management

07FebFebruary 7, 2024

Canada. Cost of Living Crunch Impacting Retirement Savings

A new poll commissioned by the Financial Services Regulatory Authority of Ontario (FSRA) found that 81 percent of people are now more concerned about paying for basic necessities like groceries, rent and their mortgage, than saving for retirement. The poll also found 44 percent said the high cost of living is hindering them from starting to save for retirement. Although individuals and families are living in a difficult economic environment, FSRA is urging consumers to prepare for the future and learn...

February 7, 2024

NewsCanada, Inflation, savings

07FebFebruary 7, 2024

Money and ageing: South African study shows cash grants help people live longer and have better memory function

Nearly half of South Africa’s 60 million people receive social grants, ranging from child support to pensions. The grants are designed to provide financial assistance to people living in poverty. The largest components of the South African social grant system were introduced, or expanded to include the full population, in the 1990s. Since then, the system has evolved into one of the most comprehensive in the global south. In addition to their direct financial benefits, the grants have been found to have a wide range...

February 7, 2024

NewsSocial Pensions, Social Protection, South Africa

February 2024