editor, Author at Pension Policy International

11DecDecember 11, 2023

UK’s PensionBee Comments on the Negative Impact of Greenwashing, Key ESG and Fintech Trends for 2024

PensionBee notes that in recent years, the spotlight has intensified “on the role of investments in the climate debate.” As most consumers would hopefully know by now, ‘ESG‘ stands for Environmental, Social, and Governance. This is a framework used to “measure a company’s sustainability, workforce and ethical practices.” Many companies have ESG ratings, which could “help consumers make informed choices.” It is well accepted that savings, “including pensions, can help shape a sustainable future.” Sustainable investing considers ESG factors “alongside financial returns.” It has gained popularity, but also “criticism...

December 11, 2023

NewsPension Management, UK

11DecDecember 11, 2023

BP pension nears deal to sell portfolio worth as much as $800m

The defined benefit pension scheme of one of the world’s largest oil and gas companies is close to offloading a portfolio of private market fund stakes, Secondaries Investor has learned. BP’s DB pension has been shopping a portfolio around $700 million to $800 million, according to two sources familiar with the matter. Campbell Lutyens is understood to be the adviser on the deal. The sale of the portfolio started in the second quarter of this year, according to the two sources. The...

December 11, 2023

NewsPension Management, Risk

11DecDecember 11, 2023

Quebec pension model back on the table in Alberta?

EDMONTON — Alberta Finance Minister Nate Horner — after promising any stand-alone Alberta pension plan would not follow the contentious Quebec model, then saying it might, then saying it won’t — told reporters Friday that possibility is back on the table. Horner rejected suggestions he was sending mixed messages, but the Opposition NDP called it another example of how the United Conservative government is crafting key policies on the back of a napkin as it examines having Alberta leave the...

December 11, 2023

NewsCanada, Public Pensions

08DecDecember 8, 2023

Cierran filas empresarios contra la reducción de jornada laboral

El sector privado cerró filas para insistir en que no es momento para reducir la jornada laboral de 48 a 40 horas semanales, al considerar que "no es tiempo de elevar los costos de las empresas", aunque reconocieron que esta modificación es inminente y es parte del Tratado México, Estados Unidos y Canadá (T-MEC). “No es el momento —de reducir la jornada laboral en México—, le quitaríamos un atractivo a las inversiones, ahorita que están llegando —al país— las empresas,...

December 8, 2023

NoticiasMercado Laboral, Mexico

08DecDecember 8, 2023

Why are Gen X workers in the UK so pessimistic about retirement?

Those born between 1965 and 1980 expect to be working for longer as they miss out on pension benefits enjoyed by their parents. Only one-third of people in the UK aged between 43 to 58 believe they will be retired by the time they reach the state pension age, according to the financial advisor Just Group. The state pension age is currently 67 for workers born after April 1960, although this will rise to 68 between 2044 and 2046. According to Just...

December 8, 2023

NewsAdequacy, Retirement Planning, UK

08DecDecember 8, 2023

How Higher Interest Rates Are Changing Focus of Fully Funded Pension Funds

Fully funded due to higher discount rates and investment performance, many corporate defined benefit pension funds are shifting their investment goals to maintaining that funding progress, from their prior focus of maximizing investment returns. While many have had significant assets dedicated to liability-driven investing in recent years, they are finding it is time to acknowledge the higher-yield, better-funding environment. As a result, a common approach among the cohort is to examine “overlap in plan holdings, inadequate hedging of liabilities and...

December 8, 2023

NewsFunding, Pension Management

08DecDecember 8, 2023

Japan’s SMBC pension fund explores boosting exposures to alternatives

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) Pension Fund, managing assets worth 1 trillion yen ($6.6 billion), is poised to increase investments in illiquid alternatives, including infrastructure private equity and debt aimed at maximizing returns. Anticipating a shift in domestic interest rates with the expected exit of the Bank of Japan (BOJ) from its ultra-easy monetary policy, the pension fund is considering reassessing its longstanding strategy of investing Japanese government bonds (JGBs), which has comprised only about 1 per cent of...

December 8, 2023

NewsInvestment, Japan, Pension Management

07DecDecember 7, 2023

México. Prevén pobre retiro para jóvenes; es ahorro la clave para la edad adulta

Dada la situación económica para pensiones, es obligado que desde muy jóvenes, los trabajadores comiencen a cuestionarse sobre lo que quieren para su retiro, señaló Alejandra Ramírez, experta en el tema, quien estimó que de no hacerlo, al alcanzar el derecho ya en la adultez, en un escenario muy optimista, el derechohabiente apenas tendrá acceso al 35% de su percepción actual. “Es responsabilidad de cada empleado saber qué situación tiene y determinar lo que tiene que hacer. Ahorita hay muchas alternativas...

December 7, 2023

Noticias, NoticiasAhorro, Mexico

07DecDecember 7, 2023

Colombia. “La reforma no está corrigiendo el problema de los subsidios para las pensiones altas”

En medio de la discusión de la reforma pensional, la presidente de Colfondos, Marcela Giraldo, habló de los puntos del articulado A la espera de que se reanuden las discusiones de la reforma pensional el próximo año y las implicaciones que tendría el articulado, la presidente de Colfondos, Marcela Giraldo, se refirió a este tema y al balance del fondo de pensiones de este año. ¿Cuál es el balance del año? Estamos cerrando con cerca de 1,8 millones de afiliados en pensión obligatoria,...

December 7, 2023

NoticiasColombia, Reforma de Pensiones

07DecDecember 7, 2023

Uruguay. Masiva protesta contra ley de superintendencia y por temor “a la muerte” de las jubilaciones

Con un ataúd con la leyenda “descansa en paz jubilación del IPS”, varias organizaciones se congregaron en el microcentro de Asunción para rechazar el proyecto de ley que crea la superintendencia de pensiones y jubilaciones. Los trabajadores y trabajadoras se reunieron desde las 8:00 en la Plaza Uruguaya. Desde ahí marcharon hasta la sede del Congreso Nacional. El sector rechaza la propuesta del Poder Ejecutivo y advierte que habrá cierre de rutas en caso de que el documento obtenga media sanción. “Los...

December 7, 2023

NoticiasReforma de Pensiones, Uruguay

December 2023