editor, Author at Pension Policy International

14DecDecember 14, 2023

Nigeria. Pension coverage: Micro pension’s impact on informal sector (Part 1)

The Contributory Pension Scheme (CPS) is a vital initiative empowering individuals to secure their financial well-being in old age. Tailored initially for formal sector employees, the CPS was extended to include informal sector workers following the Pension Reform Act (PRA) amendment in 2014. Guided by the provisions of the PRA 2014, the National Pension Commission (PenCom) introduced the Micro Pension Plan (MPP) with the specific objective of broadening pension coverage to include workers in the informal sector. Under the MPP,...

December 14, 2023

NewsInformal Sector, Nigeria

14DecDecember 14, 2023

New EU gig worker rules will decide who should get benefits for full-time workers

In a bid to improve working conditions for people delivering food and offering rides through smartphone apps, the European Union on Wednesday gave temporary approval to rules that stipulate that Who should get the benefits of full-time employees and restrict online avenues? Platforms use algorithms to manage their employees. The European Parliament and the 27 EU member states agreed on a platform worker directive that took years to create. It aims to boost protections and benefits for the growing number...

December 14, 2023

NewsEU, Informal Sector, Social Security

13DecDecember 13, 2023

México. Top 7 / Las afores con mayor ahorro voluntario

Al cierre de octubre, el ahorro voluntario que reportaron las Afores fue de 127 mil 824.7 millones de pesos, de acuerdo con estadísticas de la Consar. Te decimos cuales fueron las ganadoras de este año en este recuento: 1.- XXI Banorte Al cierre del penúltimo mes del año administraba 39,365.8 millones de pesos en ahorro voluntario. Se trata de la Afore con más ahorro voluntario en el sistema. Su estrategia para incentivar a sus clientes a depositar dinero extra a sus...

December 13, 2023

NoticiasAdministración de Pensiones, Ahorro, Ahorro Voluntario, Mexico

13DecDecember 13, 2023

Chile. El fondo E pierde afiliados: detallan multifondos que lideran preferencias y las AFP con mejor saldo

n lo que va del año, Provida es la AFP que muestra el mejor saldo, mientras que Uno registra el escenario inverso (-12.065. salidas netas), mientras que el fondo C obtiene la mayor cantidad de traspasos. En los traspasos entre los multifondos de pensiones, el fondo está A liderando las preferencias mientras que el E es el que más está perdiendo afiliados. Y en lo que va del año, sin embargo, el C es el fondo que muestra el mejor saldo y Provida...

December 13, 2023

NoticiasAdministración de Pensiones, Chile

13DecDecember 13, 2023

España. Las pensiones mínimas se revalorizarán entre un 5% y un 7% en 2024 y las de viudedad, hasta un 14%

Las pensiones mínimas se revalorizarán entre un 5% y un 7% en 2024, subida que será de hasta el 14% en el caso de la pensión de viudedad con cargas familiares, según avanza la ministra de Inclusión, Seguridad Social y Migraciones, Elma Saiz, en una entrevista concedida a la Agencia EFE. De manera general, las pensiones subirán un 3,8% en 2024, aunque en el caso de las mínimas y no contributivas la subida será mayor. Saiz también ha anunciada una subida del...

December 13, 2023

NoticiasEspaña, Pensiones Públicas, Suficiencia

13DecDecember 13, 2023

Developed Nations’ Public Pension Plans Dropped By Average of 15% in 2022

How bad was 2022’s market slide that hurt pension public pension plans in developed nations? Bad: They showed losses of about 15% on average, according to figures from an annual study by the Organization for Economic Co-operation and Development. The arrival of higher interest rates and inflation, as the world struggled out of the COVID-19 pandemic, led to significant losses in asset values in OECD countries, the report showed. Losses ranged from 21% in the U.K. and 18% in the Netherlands to 9% in...

December 13, 2023

NewsInvestment, Pension Management, Returns

13DecDecember 13, 2023

US. Study finds healthier funding status for DB plans raising interest in LDI strategy reviews

U.S.-based defined benefit pension plan sponsors are increasingly looking to assess their liability-driven investment strategies as they reach fully funded statuses, according to a new study by Coalition Greenwich and commissioned by Franklin Templeton. The study found nearly three-quarters (73 per cent) of pension plan sponsors reported funding ratios of 100 per cent or higher, while the rest had funding ratios above 110 per cent. Roughly half of respondents said they’re concerned about “substantial overlap in holdings” among their LDI...

December 13, 2023

NewsDefined Benefit, Funding, US

13DecDecember 13, 2023

UK. Govt urged to adopt new policies to take advantage of increased longevity

A new government should introduce a range of new policies on retirement, health and social care, to release a potential “longevity dividend” worth half a trillion pounds, as well as deliver a range of social benefits, according to the International Longevity Centre (ILC). Policies outlined in its new white paper include an auto-enrolment (AE) savings scheme to run alongside AE pensions, auto-escalation of minimum AE contributions, and ideas to help self-employed and gig economy workers save for retirement. Other ideas floated...

December 13, 2023

NewsAging, Longevity, UK

13DecDecember 13, 2023

This is what Canada will look like in 20 years – are we ready for an aging population?

The rapid growth expected among Canada’s senior population in the coming years is one of the “most significant demographic trends” in the country’s history, says demographer Doug Norris. While this growth may present some challenges for younger generations, industry experts say it will also offer opportunities to pave the way for a better future. Residents aged 65 and older are part of the fastest-growing age group in Canada today, said Norris, who is chief demographer at Environics Analytics, a marketing...

December 13, 2023

NewsAging, Canada

12DecDecember 12, 2023

Argentina. Comenzó la era Milei: qué pasara con los sueldos y las jubilaciones

En su discurso, el presidente Javier Milei anticipó una temporada de ajuste y shock. Cómo impactarán estas medidas en los sueldos de estatales y privados y en las jubilaciones. Tras la asunción de Javier Milei como presidente, el dólar blue el lunes se vendió a 970 y 990 pesos, pero no hubo operaciones en el circuito legal. Al no haber designado todavía ni presidente ni directores para el Banco Central, se impuso un virtual feriado del mercado oficial. Según las definiciones que dio Milei en el discurso, la inflación...

December 12, 2023

NoticiasArgentina, Inflación

December 2023