editor, Author at Pension Policy International

06DecDecember 6, 2023

UK. Decumulation-only CDC could provide ‘new possibilities’ for retirees – PPI

Decumulation-only collective defined contribution (CDC) pensions could offer new opportunities in the retirement income market and to retirees, but faces challenges in being successful, according to a new report from the Pensions Policy Institute (PPI). It noted that decumulation-only CDC schemes should be able to fulfil their objectives while operating under the current design constraints. CDC schemes were introduced in the Pension Schemes Act 2021 and the PPI believed the legislation was flexible enough to support other applications for CDC schemes. However,...

December 6, 2023

NewsDecumulation, Pension design, UK

06DecDecember 6, 2023

We Have to Strengthen the Gig Economy and Its Workers in 2024. Here’s How |

It's past time in 2024 to strengthen the income, benefits, and safety net for workers in America's gig economy. More than 57 million workers participate in some way in the gig economy today—the economy of independent contractors, freelancers, and contingent and online platform workers. They are in all sectors and occupations: as home repair persons, temp workers, hair stylists, as well as drivers for Uber, Lyft, DoorDash, and the other delivery services. Their numbers rose by an estimated 15 percent...

December 6, 2023

NewsInformal Sector, Labor Market

06DecDecember 6, 2023

Pension scheme consolidation expected to continue into 2024

The UK’s 5,000 corporate defined benefit (DB) pension schemes recorded a near record surplus of £245bn in November, according to PwC’s Buyout Index, showing that schemes continue to have sufficient assets on average to ‘buyout’ their pension promises. Meanwhile, PwC’s Low Reliance Index has had a record month with a surplus of £380bn. This index assumes schemes invest in low-risk, income-generating assets like bonds, which should mean the pension scheme is unlikely to call on the sponsor for further funding. As...

December 6, 2023

NewsInvestment, Pension Management

06DecDecember 6, 2023

China’s Population Problem Worsens

If population issues were like steel production, China would be making all the right moves. A rise of 10% in steel production can be generated simply by a government decree. Unfortunately for China, the same top-down, party-directed steps that would generate that increase in steel is not likely to be the right approach to reversing the population decline, and might make the problem worse. The problem itself is not unique to China. Many other countries face the challenge of a...

December 6, 2023

NewsAging, China, Labor Market

06DecDecember 6, 2023

AI and pension funds: Is AI a safe bet for retirement investment?

Pension funds are in a perpetual crisis worldwide, with low demographic rates in many countries foreshadowing a dim future for such investments, combined with young people’s lack of faith in the continued existence of social security models. In order to stay afloat, many pension funds have strived to remain apprised of new investment opportunities, including cryptocurrencies. According to a 2022 study published by the CFA Institute, “94% of state and government-sponsored pension funds are invested in one or more cryptocurrencies.” But pension fund...

December 6, 2023

NewsInvestment, Pension Management, Technology

05DecDecember 5, 2023

México. Maestros marchan para pedir pensiones y aumento salarial.

El martes 5 de diciembre se prevé una megamarcha de maestros de la sección 9 y 10 de la Coordinadora Nacional de Trabajadores de la Educación (CNTE) en la Ciudad de México, por lo que más de un millón 500 mil estudiantes de escuelas públicas se podrían quedar sin clases. De acuerdo a lo que dio a conocer la Asamblea de Coordinación de la Sección 10, las protestas tienen como objetivo exigir un aumento salarial acorde a la inflación, puesto que acusan...

December 5, 2023

NoticiasMexico, Pensiones Públicas, Suficiencia

05DecDecember 5, 2023

Chile. Todos los fondos de pensiones avanzan en noviembre y el E fue el de mejor desempeño

Según las cifras entregadas por el regulador, el fondo D obtuvo una rentabilidad real de 7,07%, el fondo E obtuvo una de 7,95%. Los fondos A, B y C, los que registraron rentabilidades reales de 2,16%, 2,98% y 4,64%, respectivamente. Esto se explicó por la fuerte depreciación de las monedas extranjeras frente al peso chileno. Noviembre fue un buen mes para los multifondos. Todos registraron ganancias en el undécimo mes, debido al buen desempeño de los mercados globales, según datos entregados por...

December 5, 2023

NoticiasChile, Rendimientos

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

December 2023