editor, Author at Pension Policy International

21NovNovember 21, 2023

German government to make pension funds join dashboard

The German government is preparing an ordinance to make pension funds exchange data with the pension dashboard – Digitale Rentenübersicht – by the end of next year, said Imke Petersen, head of the Zentralen Stelle für die Digitale Rentenübersicht (ZfDR), the unit within the first pillar manager Deutsche Rentenversicherung responsible for designing the platform. “On 31 December 2024 all pension funds will have not only to be registered with us, but also will be able to deliver [data],” Petersen said,...

November 21, 2023

NewsGermany, Pension Management, Regulation

21NovNovember 21, 2023

Baby boomers are the least likely cohort to seek financial advice: study

Professionals offering personalized financial advice have emerged as a key reverse mortgage industry referral partnership. Still, a new study illustrates that older Americans are the most reticent to seek it out according to a new study conducted by Charles Schwab. Operating from a data set consisting of 1,000 401(k) plan recipients between the ages of 21 and 70, only 62% of baby boomers indicated they would like personalized investment advice for their retirement accounts. The positive response rate increases for each successive generation:...

November 21, 2023

NewsBaby Boomers, Financial Literacy

21NovNovember 21, 2023

IBM reopening pension plan turns industry heads

When it comes to dealing with an overfunded frozen pension plan, International Business Machines is putting into action what some of its peers are thinking about. The company recently confirmed that it will cancel its defined contribution plan company match and replace it with a component within its IBM Personal Pension Plan, a defined benefit plan, on Jan. 1. The 401(k) match is 5% of an employee’s salary. The IBM 401(k) Plus Plan had $53.2 billion in assets as of Dec....

November 21, 2023

NewsFunding, Occupational Pensions, Pension Management

17NovNovember 17, 2023

México. Los ingresos por comisión de las afores aumentaron 1.3% al cierre de octubre

La industria se sigue adaptando a la entrada en vigor de la comisión de 0.57%, promedio del SAR, que para el 2024 se mantendrá sin cambios. Las administradoras de fondos para el retiro (afores) obtuvieron, entre enero y octubre, 25,877 millones de pesos en ingresos por la comisión que cobran sobre el saldo de los trabajadores, esto representó un incremento de 1.3% anual real, de acuerdo con información de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar). Así,...

November 17, 2023

NoticiasAdministración de Pensiones, Mexico

17NovNovember 17, 2023

El gobierno es optimista que la otra semana se retoma la reforma pensional

Ante la empantanada en la que se encuentra la reforma a la salud en su trámite en la plenaria de la Cámara, incluso ante la posibilidad que la otra semana tampoco avance por la reunión que se dé entre el presidente Gustavo Petro y el expresidente Álvaro Uribe, el gobierno nacional le sigue apostando a que la reforma pensional empiece a ser discutida en la plenaria del Senado de la República, en donde está pendiente de su segundo debate. El...

November 17, 2023

NoticiasColombia, Reforma de Pensiones

17NovNovember 17, 2023

Habrá que adoptar nuevas medidas para apuntalar la sostenibilidad de las pensiones: Gobernador del Banco de España.

El gobernador del Banco de España, Pablo Hernández de Cos, ha advertido de que habrá que adoptar nuevas medidas para apuntalar la sostenibilidad financiera del sistema público de pensiones y considera que es necesaria una evaluación “transparente, continua y exhaustiva” de los efectos de estas reformas impulsadas, incluido su impacto en la equidad intergeneracional. Según ha alertado el gobernador durante su intervención en la ‘Conference on Ageing’, organizada por Banco de España, CEMFI y Georgetown University, se está produciendo un...

November 17, 2023

Noticias, NoticiasEspaña, Sostenibilidad

17NovNovember 17, 2023

US Pension Risk Transfer Market Expected to See $10 Billion In Q3 Deal Volume

Legal & General Retirement America (LGRA), a leading provider of pension risk solutions in the United States, today released the Q3 2023 edition of the US Pension Risk Transfer Monitor, which analyzes industry trends and market outlooks in the US. Following the largest first half on record for the US Pension Risk Transfer (PRT) market at $22.5 billion in deal volume, the Monitor reports an expected $10 billion in Q3 PRT market volume. While this is a decrease from last...

November 17, 2023

NewsPension Management, Risk, US

17NovNovember 17, 2023

Knowledge Of ESG, Integration and Greenwashing Remains Low

Determining how best to incorporate environmental, social and governance factors across the investment portfolio continues to be a challenge for institutional investors, said Bonnie Treichel, founder and chief solutions officer at Endeavor Retirement, during the “Surveying the Landscape” session of CIO’s ESG livestream this month. Not Just a Label “How do people really understand this?” Treichel asked. “It’s really hard, because a lot of times, I’ll ask the question about ESG and an investment lineup, and the perspective that I hear...

November 17, 2023

NewsESG, Investment, Pension Management, UK

17NovNovember 17, 2023

Bulgaria Boosts Minimum Pension to BGN 580

A significant shift in Bulgaria's pension landscape is on the horizon, as the minimum pension for service and age is slated to surge by 11% under the Swiss rule, reaching BGN 580 starting July 1, 2024. Alongside this increase, widow's supplements are also expected to see a rise, as per insights from "Sega." Effective January 1, there's an uptick in the maximum insurance income to BGN 3,750, marking a nearly 10% rise. However, the pension ceiling remains unchanged, capped at...

November 17, 2023

NewsAdequacy, Bulgaria, Income

17NovNovember 17, 2023

Japan to curb pension benefit increases for 2nd straight year

Japan is expected to curb the increase in national pension payouts for the second year in a row using an adjustment that reduces benefits when compared against rising consumer prices, Nikkei has learned. Benefits will grow by an estimated 2.6% in fiscal 2024, leaving recipients somewhat worse off after inflation. Public pension benefits in principle rise along with inflation and wage growth so that pensioners can maintain purchasing power. But the number of pensioners is swelling while the working population shrinks, putting strain on the...

November 17, 2023

NewsAging, Income, Japan

November 2023