editor, Author at Pension Policy International

05DecDecember 5, 2023

Colombia. Alertan a trabajadores que han cotizado menos de 20 años en fondos privados de pensión

El propio ministro de Hacienda, Ricardo Bonilla, aseguró que la reforma pensional, tal cómo está planteada, solo es viable hasta el año 2070, y que a partir de allí, deberá crearse un nuevo sistema para pagar las pensiones de los actuales jóvenes. El proyecto suscita dudas y el presidente de Asofondos, Santiago Montenegro, señaló en entrevista con Cambio que, si se aprueba tal y como fue planteado por el Gobierno de Gustavo Petro, los trabajadores más jóvenes saldrían perjudicados porque el sistema no es sostenible...

December 5, 2023

NoticiasAhorro, Colombia

05DecDecember 5, 2023

Insurance and pension fund ownership of UK shares drops to record low

The proportion of UK quoted shares held by pension and insurance funds dropped to the lowest on record in 2022, latest data from the Office for National Statistics reveals. The statistics agency's biennial bulletin - published today (4 December) - showed the proportion of UK quoted shares owned by the two sectors fell to 4.2% in 2022, down from 4.3% in 2020 and 6.1% in 2018, and a stark contrast to the position in 1991 when pension funds and insurers...

December 5, 2023

NewsInvestment, UK

05DecDecember 5, 2023

US. Santos-inspired bill would ban pensions for expelled lawmakers

A House Republican on Monday introduced legislation barring lawmakers who are expelled from Congress from receiving congressional pensions. Why it matters: It's a direct response to the House's expulsion last week of then-Rep. George Santos, who was accused of plundering his congressional campaign coffers to personally enrich himself. Driving the news: Rep. Zach Nunn (R-Iowa) announced the Congressional Pension Accountability Act at a press conference on Monday morning. Nunn was among the more than 100 Republicans who voted to expel Santos following the release of...

December 5, 2023

NewsRegulation, State Pensions, US

05DecDecember 5, 2023

Yet another twist for South Africa’s new pension system

The standing committee on Finance has once again changed the implementation date of the two-pot retirement system. In the new retirement system, up to one-third of all retirement savings will be placed into a “savings pot”, which will be accessible before retirement. A minimum of two-thirds of a pension fund will then be placed into a “retirement fund”, which can only be accessible at retirement. This is designed to ensure that South Africans can access some funds in case of emergency while...

December 5, 2023

NewsPension Reform, Regulation, South Africa

05DecDecember 5, 2023

The World’s Shrinking Birth Rate

Vox online reports that in the US, the birth rate has dropped almost twenty-three percent in the last fifteen years. Today, the average American woman has about one point six children, down from three in nineteen fifty, and significantly below the “replacement rate” of two point one children needed to sustain a stable population. In Italy, twelve people now die for every seven babies born. In South Korea, the birth rate is down to less than one child per...

December 5, 2023

NewsAging

04DecDecember 4, 2023

México. ¿Cuánto será la pensión mínima garantizada del IMSS en 2024?

Hace unos días se anunció un incremento del 20 por ciento para el salario mínimo para 2024. Y esto es importante sobre todo por los elementos que se impactan a partir de este nuevo salario. Uno de ellos es la pensión mínima garantizada del IMSS. Según explican las instituciones de salud, la pensión mínima garantizada es aquella en la que “el Gobierno Federal asegura a los pensionados al amparo de la Ley del Seguro Social” y cuyo “monto mensual es equivalente a un salario mínimo...

December 4, 2023

NoticiasIngreso, Mexico, Suficiencia

04DecDecember 4, 2023

España. Economía.- El 84% de las gestoras considera “prioritario” recuperar los límites de aportación a los planes de pensiones

El 84% de las gestoras de planes de pensiones en España considera "prioritario" recuperar los límites de aportación a planes individuales, situados en los 8.000 euros al año, según los datos de la XIV encuesta sobre planes de pensiones elaborada por el Observatorio Inverco y divulgada este lunes. La patronal del sector ha resaltado además que el 52% de las entidades encuestadas considera que el ahorro a largo plazo perdido durante estos tres años -desde que comenzó el proceso de...

December 4, 2023

NoticiasAhorro, España, Regulación

04DecDecember 4, 2023

The Largest U.S. Pension Fund Just Rolled Out A Climate Transition Plan Focused On Risk And Opportunity

There are times when an established company, an investor, a startup makes a move that is so strategic—so in tune with the risks and the opportunities of the moment—that it marks the shift between the market’s past and its future. We recently witnessed that moment. In a bold step tailored to meet the existential challenges and colossal financial risks of a warming climate and harness the massive opportunities of the shift to a new clean economy, California Public Employees' Retirement System...

December 4, 2023

NewsClimate crisis, Investment, US

04DecDecember 4, 2023

Almost a third of UK adults unaware of old pension pots

Almost a third of adults in the UK suspect that they may have a pension pot that they are either unaware of or have not considered before. Research carried out by Opinium for the fintech company Gretel found that 30 per cent of respondents believe they may be in the dark about some of their pension savings. Almost three in 10 UK adults also believe they have at least one lost or dormant investment vehicle, bank account, child trust fund or...

December 4, 2023

NewsPension Management, UK

04DecDecember 4, 2023

Dutch pension fund PMT sells most fossil fuel holdings

Pensioenfonds Metaal & Techniek (PMT) has divested from 40 oil and gas companies, but remains invested in nine companies with “sufficiently convincing plans” for the energy transition and carbon reduction. All of the retained companies are headquartered in Europe. Over the past two years, the pension fund had asked all companies in the oil and gas sector in which it invests to commit to the Paris Agreement and set sufficiently ambitious and substantiated CO2 reduction targets. Forty of those companies could not meet...

December 4, 2023

NewsClimate crisis, ESG, Netherlands, Pension Management

December 2023