editor, Author at Pension Policy International

19MarMarch 19, 2024

Pension savers warned of ‘national crisis’ as ‘eye-watering’ £50billion at risk of being lost in UK

Over £50 billion of hard-earned pension cash is at risk of being lost in the UK as the number of pensions rises, new research shows. An estimated 4.8 million pension pots are already missing in the UK with nearly one in 10 workers believing they could have lost a pension pot worth more than £10,000. The number of lost pensions are set to rise by 130 per cent by 2050 as more people change jobs, and are automatically enrolled into their...

March 19, 2024

NewsOccupational Pensions, UK

19MarMarch 19, 2024

Tutoring the Elderly Is Growing Fast in China

China's rapidly aging population is fueling a promising and fast-growing market for companies providing recreational classes and activities for the elderly middle class, from yoga to African drumming and smartphone photography. The growth potential of the industry contrasts sharply with the decline of the after-school private tutoring sector following a government crackdown in 2021 aimed at boosting record low birth rates by lowering education costs. "Education industries are transitioning to the silver economy," said Qiu Peilin, the Beijing head of Mama...

March 19, 2024

NewsAging, China

19MarMarch 19, 2024

UK. Deliveroo is spending an estimated $230,000 to give a handful of riders 15 hours of childcare—after years of lobbying to avoid paying sick leave, PTO, and pensions

Deliveroo burst into its first profit last year, and the company appears to be shelling out a small fraction of that windfall to its self-employed riders. The delivery app is partnering with Bubble, an on-demand childcare platform that matches parents with babysitters, to give a small portion of its 50,000 U.K.-based riders free childcare. Deliveroo will give 1,000 of its riders 15 hours of childcare to access through Bubble’s app, the pair announced. But the initiative might appear hollow to riders who...

March 19, 2024

NewsInformal Sector, UK

19MarMarch 19, 2024

US. CalPERS pledges more than $8 billion to alts

CalPERS committed $850 million each to Global Infrastructure Partners V and a co-investment sidecar fund. Pension fund officials committed $512 million to buyout fund CVC Capital Partners IX, $300 million to Asia-Pacific focused buyout fund CVC Capital Partners Asia VI, and $268 million to buyout fund Whitney Global Partners II, all managed by CVC Capital Partners. CalPERS committed an additional $300 million to Thrive Capital Partners VIII Growth, a late- stage venture capital fund. It also committed $300 million each...

March 19, 2024

NewsInvestment, Pension Management, US

15MarMarch 15, 2024

La Corte Constitucional de Colombia ordena reconocer pensión de vejez a beneficiarios del régimen de transición

En una decisión histórica, la Corte Constitucional reiteró que el Acuerdo 49 de 1990 aplica para el reconocimiento de la pensión de vejez a las personas beneficiarias del régimen de transición dispuesto en la Ley 100 de 1993, incluso si no estuvieron afiliadas al Instituto de Seguros Sociales antes de la entrada en vigencia de esta ley. La sentencia, emitida tras el estudio de una acción de tutela interpuesta por un ciudadano de 89 años, revoca una decisión judicial previa...

March 15, 2024

NoticiasColombia, Regulación

15MarMarch 15, 2024

España. Todos los aumentos confirmados en las pensiones de la Seguridad Social en este 2024: tabla al completo

En el panorama socioeconómico de España, las pensiones son una pieza clave en el entramado de la protección social. La Seguridad Social, a través de sus distintos regímenes, garantiza una red de protección para los ciudadanos en diversas etapas de su vida. Las pensiones, entendidas como prestaciones económicas ofrecidas por la Seguridad Social, constituyen un pilar fundamental en el sistema social del Estado español. Estas prestaciones están diseñadas para proporcionar seguridad financiera a los ciudadanos en momentos clave de su vida, como la...

March 15, 2024

NoticiasEspaña, Pago de Pensiones

15MarMarch 15, 2024

Japan. World’s largest pension fund to resume foreign stock lending

Japan’s Government Pension Investment Fund (GPIF) has confirmed it will resume foreign stock lending after it first suspended the practice in December 2019. In the future, the fund intends to “promptly proceed” with specific practical measures such as the selection of foreign stock lending agents by asset management organisations. However, GPIF does not intend to carry out lending of domestic stocks. The fund will resume its activities in foreign stock lending (securities loan management) with a number of foreign stock lending initiatives. GPIF...

March 15, 2024

NewsRetirement Planning, savings, US

15MarMarch 15, 2024

UK. TPR takes tougher action over value as it issues first fine

The Pensions Regulator (TPR) has issued a fine against a corporate trustee in the UK in a drive to ensure savers receive value from their pension schemes. Regulation, which came into force in 2021, require trustees of pension schemes with less than £100m in assets to undertake a more detailed assessment of value for members than larger schemes. Those failing to deliver value must set out a plan to improve or transfer members to a better-value scheme. To ensure this, TPR launched...

March 15, 2024

NewsPublic Policy, State Pensions, UK

15MarMarch 15, 2024

Japan union group announces biggest wage hikes in 33 years, presaging shift at central bank

Japan's biggest companies agreed to raise wages by 5.28% for 2024, the heftiest pay hikes in 33 years, the country's largest union group said on Friday, reinforcing views that the county's central bank will soon shift away from a decade-long stimulus programme. The much-stronger-than-expected increase comes as the Bank of Japan looks close to ending eight years of negative interest rate policy. BOJ officials have stressed the timing of a pivot would depend on the outcome of this year's annual...

March 15, 2024

NewsIncome, Japan, Labor Market

14MarMarch 14, 2024

México. Suprema Corte avala tope a comisiones de las Afores

Por cuatro votos contra uno, la segunda sala de la Suprema Corte determinó que la reforma a la Ley del Sistema de Ahorro para el Retiro era constitucional, pues el Congreso sí tiene facultades para legislar en esta materia. La Suprema Corte de Justicia de la Nación (SCJN) avaló este miércoles el tope a las comisiones que cobran las 10 Administradoras de Fondos para el Retiro (Afores) que impuso el Congreso por medio de una reforma en el 2020. Hace cuatro...

March 14, 2024

NoticiasAdministración de Pensiones, Mexico

March 2024