editor, Author at Pension Policy International

03NovNovember 3, 2023

España. Así será la subida de las pensiones en 2024 según la previsión del Gobierno

El Estado paga más de 10 millones de pensiones contributivas al mes, prestaciones todas ellas que se verán revalorizadas a principios de año y que en este momento ya suponen un gasto mensual de 12.000 millones de euros, un 11,6% del Producto Interior Bruto (PIB). Esta subida anual se hará en base a la evolución de la inflación. Desde 2022 y la entrada en vigor de la primera pata de la 'reforma Escrivá' de las pensiones, los incrementos en las pensiones no...

November 3, 2023

NoticiasEspaña, Pago de Pensiones, Pensiones Públicas, Reforma de Pensiones

03NovNovember 3, 2023

Colombia. Petro encendió alertas por desvalorización de fondos de pensiones ¿Es muy grave?

Desde la presidencia de Colombia Gustavo Petro ha liderado varias batallas, una de ellas contra el sistema pensional el cual busca reformar para darle más protagonismo al Estado y quitarle relevancia a “los banqueros”. Es por ello que cuando el sistema pensional presenta balances negativos el presidente Petro exalta dichos resultados y enfatiza en la necesidad de implementar un sistema pensional en donde el Estado se encarga de administrar los recursos de los trabajadores. Entre julio y septiembre los fondos de pensiones...

November 3, 2023

NoticiasAdministración de Pensiones, Colombia, Regulación

03NovNovember 3, 2023

US. UAW’s Big 3 Retirement Deals Fall Short of Pension Revival

The United Auto Workers had an overarching goal last summer as it headed into negotiations with Detroit’s Big Three: claw back as many concessions as possible from the Great Recession, then keep pushing for an even better deal. In many ways it succeeded, with retirement being a notable exception. While the union won big improvements for savings plans, its long-shot endeavor to bring back pensions for younger members went nowhere, even as it won historic gains in pay and the elimination...

November 3, 2023

NewsDefined Benefit, Pension design, US

03NovNovember 3, 2023

UK. FCA bans Geoffrey Armin for failures in advice given to British Steel Pension Scheme Members, with £200k to be paid in compensation

The FCA found that Mr Armin, while running Retirement and Pension Planning Services Limited (dissolved), was seriously incompetent when advising on defined benefit (DB) pension transfers. Mr Armin advised 422 customers on the transfer of their DB pensions, including 183 members of the British Steel Pension Scheme – 174 of whom transferred out of the scheme following his recommendation. These fees added up to £2.2m for all DB transfer advice, 55% (approximately £1.2m) of which was retained by Retirement...

November 3, 2023

NewsRegulation, UK

03NovNovember 3, 2023

CrusaderSterling Pensions bags Africa’s Most Innovative Pensions Fund Management Company of the Year 2023 award

CrusaderSterling Pensions Limited (CPL) has been honoured for its exceptional dedication and innovation at the 4th Africa Financial Technology Congress (AFTC), where it was awarded “Africa’s Most Innovative Pensions Fund Management Company of the Year 2023.” This recognition serves as a testament to CrusaderSterling Pensions’ unwavering commitment to delivering financial solutions that empower individuals to secure their financial futures. The company has consistently demonstrated its ability to embrace technological advancements, implement new strategies, and adapt to the evolving needs of its...

November 3, 2023

NewsAfrica, Pension Management

02NovNovember 2, 2023

Estos son los principales cambios que propone la reforma de las pensiones en España

España se encuentra en medio de una significativa reforma de su sistema de pensiones con el objetivo de asegurar la sostenibilidad a largo plazo del sistema público de reparto y garantizar prestaciones dignas y equitativas. Esta reforma presenta novedades destinadas a beneficiar a las pensiones mínimas, permitiendo que estas aumenten por encima del Índice de Precios al Consumo (IPC). Además, ofrece opciones para una jubilación anticipada bonificada a aquellos pensionistas con carreras de cotización extensas, es decir, más de 44 años y medio de contribución al...

November 2, 2023

NoticiasEspaña, Reforma de Pensiones

02NovNovember 2, 2023

World’s Largest Pension Fund Posts $4.5 Billion Quarterly Loss

Japan’s state pension fund, the world’s largest, posted a loss of ¥683.2 billion ($4.5 billion) on total assets during the three months through September as its holdings of domestic debt slumped by a record. The Government Pension Investment Fund lost 0.3% during the quarter, the fund said in Tokyo Thursday. Total assets rose slightly to ¥219.32 trillion due to a transfer of funds from the government’s account that manages its pension, according to a spokesperson. Domestic bonds lost 2.7%, the...

November 2, 2023

NewsInvestment, Japan, Pension Managementt

02NovNovember 2, 2023

US. Fed keeps interest rates unchanged

For the second consecutive meeting, Federal Reserve officials on Nov. 1 held interest rates steady as the central bank aims to quell inflation without overcooling the economy. The Federal Open Market Committee left the federal funds rate unchanged at a range of 5.25% to 5.5% following its two-day meeting. Since March 2022, the Fed has raised the funds rate, which is now at its highest level since 2001, 525 basis points. "Given how far we have come, along with the uncertainties...

November 2, 2023

NewsPublic Policy, US

02NovNovember 2, 2023

UK must seize DC pension learning opportunities to address decumulation challenges

Defined contribution (DC) pensions provide new opportunities to address retirement income challenges, but the UK can take lessons from countries with more developed DC pension systems to improve member outcomes, according to a Pensions Policy Institute (PPI) report. The PPI’s latest research report noted that while the UK had the second largest stock of pension assets in 2021, it was some way behind Australia, the US and Canada on the path to a fully formed DC system. It also warned that...

November 2, 2023

NewsDefined Contribution, UK

02NovNovember 2, 2023

Study finds lack of financial planning leads to higher risk of death

People who don’t plan financially for their future have an increased risk of dying prematurely, according to new University of Colorado Boulder research. The research found that procrastinating financial planning for the future isn’t only bad for the wallet, it can affect life expectancy. The study analyzed data from thousands of older adults living in the U.S. and England, according to a release. The two groups were asked about their planning horizons on spending and saving. The researchers later checked government...

November 2, 2023

NewsLongevity, Retirement Planning

November 2023