editor, Author at Pension Policy International

06SepSeptember 6, 2023

U.S. Public Pension Plans Sustain Support for ESG Resolutions

Political rhetoric about the aims and efficacy of environmental, social, and governance-focused investing has turned heated in the past year. Public pension funds—irretrievably tied to politics by nature of their public funding—continued demonstrating strong support for ESG shareholder resolutions in the 2022 proxy season, according to a Morningstar review of some of the largest U.S. pension funds. The full study can be found here. These resolutions varied from calls for companies like Costco COST and Berkshire Hathaway BRK.A to reduce greenhouse gas emissions to proposals for...

September 6, 2023

NewsESG, Public Pensions, US

06SepSeptember 6, 2023

UK. Government announces new welfare reforms to help thousands into work

A consultation, launched today (Tuesday 5 September), will consider changes to the Work Capability Assessment, with proposals to ensure it is delivering the right outcomes for supporting those most in need. The consultation will look at updating the Work Capability Assessment’s categories so they better reflect the modern world of work and the opportunities more readily available to disabled people. Earlier this year, Government confirmed investment worth £2 billion to support disabled people and those with long-term health conditions into work,...

September 6, 2023

NewsLabor Market, Pension Reform, Regulation, UK

06SepSeptember 6, 2023

Pension fund CPF eyes stake in Africa Finance Corporation

Pension fund CPF Financial Services is set to make an equity investment in the Africa Finance Corporation (AFC) as it seeks to diversify its investments from traditional asset classes. CPF managing director Hosea Kili made the revelation on Monday even as he remained tight-lipped on the value of its proposed investment in the pan-African lender. “We will discuss the details of the investment including the value of the equity with our fund managers in due course. This is part of our...

September 6, 2023

NewsAfrica, Investment, Pension Management

06SepSeptember 6, 2023

Pension Funds Want ESG Ratings ‘Oligopoly’ Broken by EU

Europe’s pensions industry wants regulators to end the dominance of some ESG ratings firms, amid concerns that the existing market dynamic is hurting competition and driving up prices. The absence to date of regulatory controls has enabled the “dominance of major players,” which has “negatively impacted smaller entities,” PensionsEurope said in a hearing response to the European Commission. That’s “led to higher prices, barriers to entry, reduced market competition and limited innovation,” it said. The EU’s executive arm proposed a major crackdown of the...

September 6, 2023

NewsESG, EU, Regulation

06SepSeptember 6, 2023

U.S. corporate pension plan funding ratios down slightly in August

U.S. corporate pension plan funding ratios dipped slightly in August, but they still remain well above 100%, according to three new reports. Legal & General Investment Management America estimated the average funding ratio of the typical U.S. corporate pension plan fell to 103.6% as of Aug. 31 from 104.9% a month earlier. In its latest monthly Pension Solutions Monitor, LGIMA said the estimated average funding ratio rose despite liability values dropping, because both global and domestic equities suffered weak performance during August. The...

September 6, 2023

NewsFunding, Occupational Pensions, US

05SepSeptember 5, 2023

México. Pensión mínima en afores se ubicó en 5,376 pesos mensuales

Los trabajadores que se retiraron bajo el régimen de las administradoras de fondos para el retiro (afores) recibieron una pensión mínima garantizada de 5,376 pesos, de acuerdo con información del gobierno federal. En el quinto informe de gobierno del presidente Andrés Manuel López Obrador se precisó que “de septiembre de 2022 a junio de 2023 el Instituto Mexicano del Seguro Social (IMSS) otorgó 17,186 nuevas pensiones garantizadas, con un valor promedio mensual de 5,376 pesos, que mostró un crecimiento real...

September 5, 2023

NoticiasAdministración de Pensiones, Mexico, Suficiencia

05SepSeptember 5, 2023

Chile. Boric emplaza al Congreso por reforma previsional: “No puede ser que después de más de 10 años no hayamos podido sacarla adelante”

Presidente Gabriel Boric emplazó al Congreso Nacional a agilizar la tramitación de la reforma previsional, afirmando que cuando no se llega a acuerdo el más perjudicado "es el pueblo". Fue durante este lunes que el mandatario hizo la presentación de la ley que moderniza al Servicio Nacional del Consumidor (Sernac), medida por la cual pidió una rápida tramitación en el Poder Legislativo. Sin embargo, también aprovechó de referirse a otras discusiones, como la reforma a las pensiones. Al momento de abordar la...

September 5, 2023

NoticiasChile, Reforma de Pensiones

05SepSeptember 5, 2023

Solo el 18 % de los colombianos tiene una pensión completa en 2023, ¿Por qué?

En 2023 solo el 18 % de los colombianos tiene una pensión completa, según cifras del Departamento Administrativo Nacional de Estadística (DANE). Con la edad promedio de jubilación en Colombia, de 62 años para hombres y 57 años para mujeres, cada vez menos personas cuentan con un sustento económico para su retiro laboral. Y es que son varias las razones por las que es cada vez más difícil para los colombianos jubilarse. Una de ellas es el aumento de la esperanza...

September 5, 2023

NoticiasAhorro, Colombia, Longevidad

05SepSeptember 5, 2023

Raise pension contributions to combat UK capital market decline, says think-tank

Higher minimum contributions to pension schemes and turning the regulatory screw would help plug shortfalls in retirement income and reverse shrinkage in Britain's capital market, think-tank New Financial said in a report on Tuesday. A welter of regulatory reforms to bolster London's capital market and boost the flow of money from pensions into investments is a good start, but more is needed to avoid pensioners having too little to live on, said New Financial CEO William Wright. "This isn't something that...

September 5, 2023

NewsContributions, System sustainability, UK

05SepSeptember 5, 2023

Australian regulator warns pension funds

Australian pension funds need to improve how they value private equity, the sector’s regulator said on Monday after a review into the sector’s treatment of Canva, an Australian technology start-up whose lofty valuation tumbled in 2022. Sydney-headquartered software firm Canva hit a peak valuation of $40bn in late 2021, only to be revised sharply lower to $25.5bn last August amid a downturn in technology stocks. Major funds including Aware Super and Hostplus were investors. The Australian Prudential Regulation Authority (APRA) on...

September 5, 2023

NewsAustralia, Investment, Regulation

September 2023