editor, Author at Pension Policy International

12MarMarch 12, 2024

US. Comptroller DiNapoli Declares Exxon Not Transition-Ready: Who’s Next?

The New York State Common Retirement Fund recently announced it will restrict investment in eight energy companies, including ExxonMobilXOM -0.5%, following a review of the companies' "transition readiness" to a low-carbon economy. Overseeing the $250 billion New York State Common Retirement Fund for public employees, State Comptroller Thomas P. DiNapoli defended the move, reiterating his broader ambitions to keep climate change "at the forefront" of the state pension fund's investment risk mitigation efforts. DiNapoli wants us to think he's doing so solely to protect pension fund members, not...

March 12, 2024

NewsClimate crisis, Investment, US

12MarMarch 12, 2024

Japan’s GPIF under spotlight following plans to expand manager pool

In a pivotal moment for Japan’s financial landscape, plans by the Government Pension Investment Fund (GPIF) to widen its scope of asset managers have reverberated through domestic markets. With GPIF president Masataka Miyazono’s announcement at the forefront, the world’s largest pension fund embarks on a strategic journey, challenging traditional selection criteria and signaling a shift in investment strategy as Prime Minister Fumio Kishida aims to elevate the standard of the country’s asset owners. Comments by Miyazono, the president of the...

March 12, 2024

NewsJapan, Pension Management

11MarMarch 11, 2024

México. Más programas sociales y recursos económicos: la promesa inexplicable de candidatos sinaloenses

Todo parece indicar que la disputa en esta contienda electoral será por quién dará más dinero de los programas sociales, sin embargo, ninguno de los candidatos ha explicado de dónde obtendrán los recursos para financiar estas promesas que ya corren en sus campañas. Durante su primera semana de campaña, los candidatos y dirigentes de todos los partidos, han adoptado como parte de su discurso político y de propuestas de campaña que los programas sociales no se van, sino que se...

March 11, 2024

NoticiasFinanciamiento, Mexico, Protección Social

11MarMarch 11, 2024

Chile. Ministra Jara y reforma previsional: “Es tiempo de que la oposición ceda”

La discusión sobre el 6% adicional de cotización ha sido clave, con la oposición y el oficialismo divergiendo en sus propuestas. La ministra Jara enfatizó la necesidad de acelerar la construcción de un acuerdo y se mostró abierta a discutir fórmulas que no desvíen el objetivo: mejorar las pensiones. En medio de la vorágine política y las expectativas ciudadanas, la Ministra del Trabajo y Previsión Social, Jeannette Jara (PC), se muestra optimista y firme en su convicción de que durante...

March 11, 2024

NoticiasChile, Reforma de Pensiones

11MarMarch 11, 2024

Reforma pensional puede impactar calificación soberana de Colombia: Standard & Poor’s

En medio de la ola de reformas de los sistemas de pensiones en varios países de América Latina, la calificadora Standard & Poor’s Global Ratings (S&P) lanzó una alerta por los efectos que esas iniciativas pueden tener sobre la calificación soberana si estas no logran atenuar el impacto en las finanzas públicas, entre otros aspectos. Al analizar las reformas pensionales aprobadas en Brasil, México y Uruguay, así como los proyectos que se adelantan en Colombia, Chile y Perú, la firma consideró muy...

March 11, 2024

NoticiasColombia, Economía Política, Reforma de Pensiones

11MarMarch 11, 2024

Climate Change Is A Financial Threat To Your Retirement

Climate change has not yet broken through as a bipartisan issue. Surveys from Gallup and the Pew Research Center indicate large gaps between Democrats and Republicans in their views of the immediacy and importance of climate change. Retirement security, on the other hand, is most certainly a bipartisan issue, earning high levels of concern among members of both parties. The National Institute on Retirement Security found that 79% of Americans surveyed agree that we have a retirement crisis, up 12 points since 2020. It might be time...

March 11, 2024

NewsClimate crisis, US

11MarMarch 11, 2024

UK Government ‘continuing to drag its feet’ on women’s pensions

The UK Government has been accused of “continuing to drag its feet” on ensuring women born in the 1950s receive pension equality. Thirty campaigners from the Women Against State Pension Inequality (Waspi) group were in the public gallery as the issue was raised in the Senedd on March 6. The campaign was launched amid concerns about the way in which women’s state pension age was increased from 60 to 66 in line with men. Millions of women saw their retirement plans plunged...

March 11, 2024

NewsGender Gap, UK

11MarMarch 11, 2024

US. Meet the typical retiree: A married woman in her 70s living on $30,000 a year in Maine or Florida

The majority of America's retirees are married, female, and have just a high school diploma. Retirees in the US have an average income of around $35,000. Florida, New Hampshire, and Main's populations all have a big share of retirees. Baby boomers are in their retirement era. Of the generation born between 1946 and 1964, per Pew Research, less than 20% of Americans over the age of 65 were employed as of 2023. However, that's more than double the share of...

March 11, 2024

NewsLongevity, Retirement Planning

11MarMarch 11, 2024

Thailand raises alarm on aging population, declining birth rates

Thailand officials engaged in discussions last week to exchange opinions, seek solutions, and address the challenges of the country's transitioning into an aging society and the younger generation's reluctance to have children. Varawut Silpa-archa, Minister of Social Development and Human Security, chaired the workshop on March 7 at the Queen Sirikit National Convention Center. The minister highlighted the demographic structure issues, including the declining birth rate and the increasing average lifespan. It is projected that by 2037, the proportion of children...

March 11, 2024

NewsAging, Labor Market, Thailand

11MarMarch 11, 2024

NPC deputy proposes implementing inclusive basic pensions for elderly aged 65 in China

A deputy to the National People's Congress (NPC) Zhou Jinbo proposed the implementation of an inclusive basic pension system in China for those aged 65 and above who are not currently receiving a pension, Chinese media outlet thepaper.cn reported on Monday. Zhou suggested establishing an inclusive basic pension system so that those elderly can receive a regular income to meet their basic living needs, and enjoy a dignified life in their twilight years and enhance their sense of achievement and...

March 11, 2024

NewsChina, Social Protection

March 2024