editor, Author at Pension Policy International

24NovNovember 24, 2023

UK pension transfer boom continues as deals worth $11 bln struck

Two British insurers on Friday struck deals to take on a combined 8.8 billion pounds ($11 billion) of company pension liabilities, including the largest such UK deal so far, as pension schemes strive to limit their risks in volatile markets. Legal & General (LGEN.L) said it had agreed a so-called full buy-in to the Boots Pension Scheme worth 4.8 billion pounds, in what it said was the largest such deal in Britain by premium size. Pension insurance specialist Rothesay, meanwhile, said it...

November 24, 2023

NewsPension Management, Risk, UK

24NovNovember 24, 2023

Romania Pension Law Could Pose Medium-Term Fiscal Risk

Romania’s new pension law could result in a less favourable sovereign debt trajectory and weaken fiscal credibility over the medium term if implemented as planned and without offsetting measures, Fitch Ratings says. The eventual impact will depend on the broader direction of fiscal policy, including efforts to exit the ongoing Excessive Deficit Procedure. The new law, which received parliamentary approval on 20 November, is intended to remove inconsistencies in how state pensions are calculated as part of efforts to improve...

November 24, 2023

NewsRegulation, Risk, Romania

23NovNovember 23, 2023

Chile. Con el 6% a cuentas individuales las pensiones subirán pero en 30 años: Ministra Jara

La ministra del Trabajo y Previsión Social, Jeannette Jara (PC), insistió en la necesidad de avanzar en la reforma de pensiones, que ya lleva un año en el Congreso Nacional, y lograr acuerdos dentro de los próximos meses, sobre todo en torno al destino del 6% de cotización adicional, antes de las próximas elecciones -municipales y regionales en octubre del 2024-, que suelen provocar discursos "aun más rígidos". En entrevista con Lo Que Queda del Día, apuntó que la propuesta "lleva mucho...

November 23, 2023

NoticiasChile, Financiamiento, Reforma de Pensiones

23NovNovember 23, 2023

Perú. Retiro de AFP generaría una erosión en la economía, advierte BCR

El BCR considera que es necesario un sistema de pensiones en el que se pueda invertir a largo plazo para que la economía se desarrolle Permitir un nuevo retiro de los fondos del AFP generaría una erosión en la economía peruana, señaló el presidente del BCR, Julio Velarde. Durante su presentación en la Comisión de Economía del Congreso, Velarde explicó los efectos macroeconómicos que tienen estas iniciativas en la economía nacional en el largo plazo. "Cuando uno habla de impacto macro no es que vaya...

November 23, 2023

NoticiasPerú, Retiro de Fondos

23NovNovember 23, 2023

España. La edad de jubilación se retrasa: los cambios que llegan en 2024

La llegada de 2024 traerá interesantes novedades en materia de jubilación que, en lo referente a la edad legal para que un trabajador se pueda retirar del mercado laboral, se materializan en una nueva subida de dos meses con respecto a 2023 para poder optar al cobro de una pensión. Estos incrementos en la edad del retiro se vienen implementando paulatinamente desde 2019 y responden a la decisión de que en 2027 la edad de jubilación ordinaria en España quede establecida en los 67 años. Así, desde...

November 23, 2023

NoticiasEdad de retiro, España, Reforma de Pensiones

23NovNovember 23, 2023

UK to increase state pension by 8.5%, sticks with ‘triple lock’ commitment

Britain's publicly funded state pension will increase by 8.5% from April 2024, finance minister Jeremy Hunt said on Wednesday. The increase is based on average earnings data published in September and was in line with the government's "triple lock" policy on pension changes. The triple lock is a government promise to raise the value of publicly funded pensions by whichever is highest out of the level of earnings, inflation or 2.5%. Ahead of Hunt's budget update statement, media reports had suggested he...

November 23, 2023

NewsState Pensions, Sustainability, UK

23NovNovember 23, 2023

Technology Modernization Fund announces targeted investment to support America’s workers

The Technology Modernization Fund (TMF) announced a new investment today at the Department of Labor aimed at improving the ability of America’s workers to find lost retirement savings and benefits. “One of the best parts of my job is to leverage the power of technology to make government interactions better for the American people–especially those most in need,” said Clare Martorana, Federal CIO and TMF Board Chair. “Our TMF investment in DOL will change the lives of people searching for unclaimed...

November 23, 2023

Newssavings, Technology, US

23NovNovember 23, 2023

Climate change in an ageing world

The world is turning a blind eye to the need to address the profound link between the rapidly ageing population and climate change – leaving older people invisible in debates about how to address the crisis. With HelpAge’s new report on climate change, we look at what is happening around the world and share recommendations for a more inclusive response to climate change. Intersection between climate change and population ageing The ageing population is triggering one of the most significant social changes...

November 23, 2023

NewsAging, Climate crisis

23NovNovember 23, 2023

The 4% Rule for Retirement Withdrawals Might Finally Be Safe to Use Again, Says Morningstar

There's been an ongoing debate about whether retirees should abandon the "4% rule" for withdrawals from retirement accounts, a retirement income rule of thumb for decades. The market volatility of recent years made that rule suspect for many new retirees, but a new study from Morningstar finds that the rule can still apply. What Is the 4% Rule? Created in 1994 by a financial planner named William Bengen, the 4% rule posits that retirees can make a well-structured retirement fund last 30 years...

November 23, 2023

NewsAdequacy, Decumulation, Pension Payout

23NovNovember 23, 2023

U.K. retirement industry skeptical of government’s ‘pot for life’ proposal

Proposals by the government to alter retirement plans, including creating a "pot for life" concept and consulting on expanding the U.K. lifeboat fund's remit, were met with mixed reaction by the industry. Chancellor of the Exchequer Jeremy Hunt on Nov. 22 outlined his Autumn Statement — the government's latest tax and spending plans — with a proposal to allow participants to divert their contributions to a retirement plan of their choice. The government is launching a call for evidence for defined...

November 23, 2023

NewsPension Management, UK

November 2023