editor, Author at Pension Policy International

19SepSeptember 19, 2023

Canadian pension funds ignore rapid rise in climate dangers

Canadian pension funds with hundreds of billions in assets are ignoring the threat to their members’ retirement security as the global climate tips into a new and more destructive phase. “There are some pretty ominous concerns that we’re approaching tipping points,” says Patrick DeRochie, senior manager with Shift Action for Pension Wealth and Planet Health, an educational and advocacy organization on Canadian pensions and climate. “Pension funds need to understand that their mandate is impossible to fulfill without a stable climate....

September 19, 2023

NewsCanada, Climate crisis, Pension Management

19SepSeptember 19, 2023

US. Retirement plan derailed: 40% forced to stop working earlier than expected

However carefully you may plan for your retirement, the actual event might still catch you off guard. Financial advisers across the industry report that 40% of their retired clients were forced into retirement, according to a recent survey by Edward Jones. And 97% of the financial advisers surveyed agreed with the statement that retirement involved more surprises and challenges than their clients expected. The biggest financial shocks for retirees were cost-of-living increases (29%), having to provide financial assistance for family or...

September 19, 2023

NewsLabor Market, Retirement Planning, US

19SepSeptember 19, 2023

Ghana. NPRA to prosecute employers who default in paying pensions

The National Pensions Regulatory Authority (NPRA) will continue to track all defaulting employers and put them before the law courts to retrieve the pension monies due employees. Mr. David Tetteh-Amey Abbey, the Deputy Chief Executive Officer (CEO), NPRA, said the Authority would do this to demonstrate its commitment to the financial well-being of employees and their families. “This is what makes the Authority great. It is imperative that we emphasise the significance of regular contributions to pension schemes,” he said. Mr. Abbey...

September 19, 2023

NewsGhana, Regulation, savings

19SepSeptember 19, 2023

UK. Systemic risks’ in pension schemes’ inflation hedging – SPP

There are systemic risks with defined benefit (DB) pension schemes’ inflation hedging, the Society of Pension Professionals (SPP) has warned in its latest research.According to its Vision 2023 report, the inflation hedge of a DB scheme is imperfect because a Retail Prices Index (RPI) asset is used to hedge an inflation-linked liability, where the inflation linkage of the latter is limited by caps and floors. “This means the amount of index-linked gilt exposure needed will change as inflation levels...

September 19, 2023

NewsInflation, Risk, UK

18SepSeptember 18, 2023

México. A través de ETF´s, afores han invertido 625,070 millones de pesos en 34 países

Para invertir estos recursos las administradoras han adquirido 146 ETFs, de acuerdo con información solicitada en la Plataforma Nacional de Transparencia. Las administradoras de fondos para el retiro (afores), a través de las sociedades de inversión especializadas en fondos para el retiro (siefores), tienen la opción de invertir el dinero de los trabajadores en renta variable, renta fija o índices inmobiliarios en 52 países a través de ETFs (Exchange Traded Funds), Fondos Mutuos, Mandatos de Inversión, así como en la...

September 18, 2023

NoticiasInversión, Mexico

18SepSeptember 18, 2023

El descalabro de los fondos de pensiones globales

Los 300 mayores fondos de pensiones del mundo han registrado una caída de sus activos por primera vez desde 2018. Este descenso está a la par con el observado en 2008, produciéndose a un ritmo que solo se ha dado dos veces en los veinte años de historia de este estudio anual, según la investigación de este año realizada por el Thinking Ahead Institute, en colaboración con "Pensions & Investments", la revista de inversión líder en Estados Unidos. A finales...

September 18, 2023

NoticiasAdministración de Pensiones

18SepSeptember 18, 2023

Investors eye sustainability upgrades for UK and European offices

Private and institutional investors are actively seeking UK and European offices that score poorly on environmental grounds in order to increase their value through sustainability improvements, research shows. According to Knight Frank’s ESG Property Investor Survey, 58% of investors plan to acquire older office assets that require sustainability improvements to meet future environmental standards. Among the surveyed investors, only 22% aim to sell poor-performing properties, while 76% plan to enhance or improve their current buildings. However, 40% of 'core' investors do intend...

September 18, 2023

NewsESG, Pension Management

18SepSeptember 18, 2023

People age 80 and over top 10% of Japan’s population for first time

People age 80 and over topped 10% of Japan's population for the first time, government data showed Sunday, as the country with the world's highest proportion of older people continues to grapple with a rapidly aging society. The number of people in the age bracket swelled by 270,000 from the previous year to 10.1% of Japan's total population of around 124.6 million, the Ministry of Internal Affairs and Communications said ahead of Monday's Respect for the Aged Day. In another record,...

September 18, 2023

NewsAging, Japan

18SepSeptember 18, 2023

The World’s Population May Peak in Your Lifetime. What Happens Next?

Dr. Spears is an economist at the University of Texas, Austin, and a research affiliate at its Population Research Center. Most people now live in countries where two or fewer children are born for every two adults. If all people in the United States today lived through their reproductive years and had babies at an average pace, then it would add up to about 1.66 births per woman. In Europe, that number is 1.5; in East Asia, 1.2; in Latin...

September 18, 2023

NewsAging

18SepSeptember 18, 2023

Nigeria: ‘Benue Owes Pensioners 120 Months Arrears’

Pensioners on the payroll of the Benue state government and those of the local governments have received four and three months payments respectively since the beginning of Governor Hyacinth Alia's administration. The payments covered the months of May to August 2023 for state pensioners while local government pensioners received payments from June to August 2023. The State Chairman of Nigeria Union of Pensioners, NUP, Michael Vember, who made this known in a chat, noted that the government's mode of payment had...

September 18, 2023

NewsNigeria, Pension Payout

September 2023