editor, Author at Pension Policy International

22JunJune 22, 2023

UK. Pension policy risks being ‘stuck in a previous era’

Pension policy risks being 'stuck in a previous era' rather than reflecting the realities of scheme funding levels today, according to LCP partner Steve Webb. Giving evidence to the Work and Pensions Select Committee, Webb pointed out that back in 2014. the combined deficit of DB pension schemes stood at nearly £400bn. This is in stark contrast to the latest figures which show a surplus of over £400bn. "For many of our clients, the issues we are now discussing are about managing...

June 22, 2023

NewsPublic Policy, Regulation, UK

22JunJune 22, 2023

ESG resolution round-up: US pension giants split on climate proposal at Japanese bank

Big US public pension funds are divided on the merits of a climate proposal filed at Mizuho Financial Group which calls on the Japanese “mega-bank” to issue and disclose a transition plan to align its lending and investments with the Paris Agreement. Californian giants CalPERS and CalSTRS have pre-disclosed that they will vote against the resolution on Friday, despite supporting a similar request at the bank in 2020. But The Office of the New York City Comptroller, which oversees...

June 22, 2023

NewsESG, Investing, Japan, US

22JunJune 22, 2023

Jamaica. Increases in NIS pensions

The Ministry of Labour and Social Security is reporting that the National Insurance Scheme (NIS) pensioners started receiving their increases in June. Addressing Wednesday’s post-Cabinet press briefing at Jamaica House, Portfolio Minister, Pearnel Charles Jr, said the pension rate increases range from 23 to 76 per cent under the National Insurance Scheme. “We are very pleased to report that our NIS pensioners began receiving their increases on June 15. It is very important for us to make sure that our pensioners...

June 22, 2023

NewsDefined Benefit, Income, Jamaica

21JunJune 21, 2023

México. Nombran nuevo Secretario del Trabajo

El presidente Andrés Manuel López Obrador designó este martes como secretario del Trabajo, un puesto clave de su gobierno, a Marath Bolaños Torres, encargado de Jóvenes Construyendo el Futuro, programa social insignia del mandatario. “Marath Bolaños López va a ser el próximo secretario del Trabajo, actualmente se desempeña como subsecretario del Trabajo y él es el encargado del programa Jóvenes Construyendo el Futuro”, reveló el mandatario en su rueda de prensa diaria. El anuncio ocurre un día después del nombramiento de...

June 21, 2023

NoticiasMexico, Regulación

21JunJune 21, 2023

Perú. MEF presenta proyecto de reforma de pensiones, ¿qué es lo que propone?

El Ministerio de Economía y Finanzas (MEF) informó que ya tienen su proyecto de ley sobre reforma de pensiones y que en las próximas horas lo colgarán en su portal institucional, para que así reciba comentarios en aras de la transparencia. “Hay un proyecto ya consensuado a nivel de la comisión del Ejecutivo, en el que están el MEF, Banco Central de Reserva (BCR) y la Superintendencia de Banca, Seguros y Administradoras Privadas de Fondos de Pensiones (SBS)”, indicó Alex...

June 21, 2023

NoticiasPerú, Reforma de Pensiones

21JunJune 21, 2023

Movilizaciones contra el paquete de reformas de Petro en Colombia

Decenas de miles de personas protestaron ayer en las principales ciudades de Colombia, convocadas por sectores políticos de la oposición así como ex policías y militares en retiro, contra las reformas impulsadas por el gobierno del presidente Gustavo Petro, y para exigir que responda a las denuncias de presuntos delitos durante su pasada campaña electoral. Vestidos de blanco y ondeando banderas del país sudamericano (con los colores amarillo, azul y rojo), las movilizaciones tomaron las calles de Bogotá, Medellín, Cali,...

June 21, 2023

NoticiasColombia, Reforma de Pensiones

21JunJune 21, 2023

How can you know how much to save for retirement when the goalposts keep moving? Here’s a guide.

When it comes to preparing financially for retirement, Jessica Howard is wise beyond her years. “I absolutely am planning,” said Howard, 27, a Los Angeles-based care manager who schedules medical appointments and home health care for older adults.”“I have a drive to save for retirement because…I see 12 hours a day what can happen when people don’t properly save vs. when they’re fiscally smart.” If only all Americans had the drive and wherewithal to set themselves on a solid path toward...

June 21, 2023

NewsRetirement Planning, US

21JunJune 21, 2023

Thousands march in Colombia’s streets against Petro’s reform plans

Thousands of Colombians have protested in the capital Bogota and other cities against reforms by the country's first-ever leftist President Gustavo Petro, which many say go too far. Called by the right-wing opposition under the banner "march of the majority," protesters gathered on Tuesday in cities including Bogota, Medellin, Cali and Barranquilla. Many waved Colombia's yellow, blue and red flag, and held up posters with such messages as: "No to ending up like Cuba or Venezuela." The mobilisation seemed particularly large in...

June 21, 2023

NewsColombia, Pensions Reform

21JunJune 21, 2023

US. 8 Best Retirement Destinations for LGBTQ Seniors

Choosing the best place to retire can be a difficult decision. Not only do you have to consider cost of living, accessibility to health care, proximity to family and more, but if you hope to settle into a community of like-minded retirees – say the LGBTQ senior community – it can be even more difficult to find a place that checks all your boxes. As an LGBTQ senior, inclusivity and community amenities are equally important as factors like cost, so...

June 21, 2023

NewsAdequacy, LGBTQ, Retirement Planning, US

21JunJune 21, 2023

Finnish pension giant invests €500m in newly launched Europe climate-action ETF

Finnish pension giant Ilmarinen Mutual Pension Insurance has invested more than €500m in Amundi’s new MSCI Europe Climate Action Ucits ETF. The fund tracks an index designed to identify European companies assessed as the top 50% sector leaders in terms of their positioning and actions relative to the climate transition. Notably, the ETF gives investors an alternative to ESG and Climate ETFs linked to the Paris-aligned benchmark (PAB) and EU Climate Transition benchmark. The index methodology tracks metrics including carbon intensity, science-based...

June 21, 2023

NewsClimate crisis, Finland, Investing

June 2023