September 2023

Netherlands Leads Europe in Green Bonds, While Dutch Pensions Cut Asia Investments in 2022

The Netherlands is the leader among eurozone nations in raising green debt securities, according to data from De Nederlandsche Bank, the central bank of the Netherlands. The Dutch green bond has doubled in size since October 2020, according to the DNB, rising to 122.9 billion euros as of the end of July 2023 and up 21% from one year earlier. In contrast, the overall Dutch bond market contracted 3.4% during that same time. Dutch firms and the Netherlands government are, among European...

AI ‘inevitable’ in pension master trust era – MHC

Large institutional investors, including pension schemes, are beginning to use Artificial Intelligence (AI)-based platforms and machine learning models, a Mason Hayes and Curran webinar has heard (7 September). These tools are used to assist in long-term portfolio management in place of more traditional models based on financial theories. Accurate planning Fund providers have also begun using machine learning to predict scenarios such as an early withdrawal of the fund’s resources, which will allow for accurate planning. When it comes to individual retirement planning,...

México. Alertan por aumento de gasto en pensiones para 2024

Para el siguiente año se prevé un monto mayor a un billón 991 mil millones de pesos en pensiones y jubilaciones, tanto las que otorgan a través del Instituto Mexicano del Seguro Social (IMSS), y el Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE), entre otras, así como las que están a cargo de la Secretaría del Bienestar, lo que representa 22 de cada 100 pesos del gasto federal y que significa un aumento del 11.8% comparado con este año. Este incremento representa una preocupación...

Chile. Beneficiarios con la PGU suben 6% en primer semestre: se sumaron más de 143 mil adultos mayores

Según el último informe estadístico trimestral que elabora la Subsecretaría de Previsión Social, la mayor parte de ellos (82.242 beneficiarios) se incorporó en el segundo trimestre, y no es casualidad, considerando que desde abril empezó a regir la ley corta que amplió la cobertura de la Pensión Garantizada Universal. Ya va más de un año y medio desde que empezó a operar en el país la Pensión Garantizada Universal (PGU), que desde el 1 de febrero de 2022 reemplazó los...

Gobierno de Colombia no planea elevar la edad de pensión

La ministra de trabajo, Gloria Inés Ramírez, habló en las últimas horas sobre los cambios que incluye el proyecto de reforma pensional para el sistema actual. Inicialmente, la funcionaria aclaró que el Gobierno Nacional no está pensando elevar la edad de pensión, como se ha sugerido en varios sectores. “Esta reforma no tiene nada que ver con las edades de pensiones ni con el ingreso básico de liquidación”, aseguró la Ministra de Trabajo durante la audiencia pública del proyecto de...

Bolívia. Proyecto de ley busca subir pensión solidaria de vejez de 151.000 jubilados

El viceministro de Pensiones y Servicios Financieros, Franz Apaza, informó que el proyecto de Ley 395 de Incremento a los Límites Solidarios tiene como objetivomejorar el monto de la Pensión Solidaria de Vejez de al menos el 70% de las personas, unos 151.000, que realizan aportes relativamente bajos. Según la autoridad de los más de 219.000 jubilados en el país, un el 70% reciben una pensión de jubilación gracias al Fondo Solidario y con este proyecto de ley se busca...

Brits calling for state pensions to be raised to £416 a week for every person over 60

Brits are calling for state pensions to be raised to £416 a week in line with the National Minimum Wage after previous efforts failed. A new petition has been set up calling on ministers to increase the allowance to more than double the current figure, despite a previous one which racked up more than 36,000 signatures being rejected by the DWP. The latest calls are being made by Michael Thompson, who is also demanding the UK pension age is lowered...

Canadian pension funds ignore rapid rise in climate dangers

Canadian pension funds with hundreds of billions in assets are ignoring the threat to their members’ retirement security as the global climate tips into a new and more destructive phase. “There are some pretty ominous concerns that we’re approaching tipping points,” says Patrick DeRochie, senior manager with Shift Action for Pension Wealth and Planet Health, an educational and advocacy organization on Canadian pensions and climate. “Pension funds need to understand that their mandate is impossible to fulfill without a stable climate....

US. Retirement plan derailed: 40% forced to stop working earlier than expected

However carefully you may plan for your retirement, the actual event might still catch you off guard. Financial advisers across the industry report that 40% of their retired clients were forced into retirement, according to a recent survey by Edward Jones. And 97% of the financial advisers surveyed agreed with the statement that retirement involved more surprises and challenges than their clients expected. The biggest financial shocks for retirees were cost-of-living increases (29%), having to provide financial assistance for family or...

Ghana. NPRA to prosecute employers who default in paying pensions

The National Pensions Regulatory Authority (NPRA) will continue to track all defaulting employers and put them before the law courts to retrieve the pension monies due employees. Mr. David Tetteh-Amey Abbey, the Deputy Chief Executive Officer (CEO), NPRA, said the Authority would do this to demonstrate its commitment to the financial well-being of employees and their families. “This is what makes the Authority great. It is imperative that we emphasise the significance of regular contributions to pension schemes,” he said. Mr. Abbey...