editor, Author at Pension Policy International

06OctOctober 6, 2023

Inflation concerns drive Asia-Pacific pension funds to alternatives

Pension funds in Asia-Pacific are planning to increase allocations to alternatives to hedge against inflation, but they lack the expertise and understanding to manage these assets in-house, according to a Cerulli Associates report. Between 2020 and 2022, these pension funds increased allocations to alternative assets by 28.4%, and are looking to outsource their alternative investments — particularly to hedge funds, private equity and private debt, according to The Cerulli Report — Asian Retirement Markets 2023: Building Security Against Uncertainty. Figures...

October 6, 2023

NewsAsia, Investment, Pension Management

06OctOctober 6, 2023

U.K. investors turn up the heat on boards for climate transition plans

Investors with a collective £1.8 trillion ($2.2 trillion) in assets told high-emitting FTSE 350 companies that they expect to see climate transition plans on the agenda at their next annual meetings. The 18 investors include the Local Authority Pension Fund Forum, CCLA Investment Management, Sarasin & Partners and Ethos Foundation. In letters to corporate chairmen at 35 companies, the investors said that for the past two years they asked the corporate boards to provide shareholders with the opportunity to vote on...

October 6, 2023

NewsClimate crisis, Investment, UK

05OctOctober 5, 2023

Chile. Pensiones: Gobierno mantiene en suspenso fecha de indicaciones y lo supedita a un acuerdo político

Este sábado 7 de octubre se cumplen exactamente 11 meses desde que el Gobierno ingresó al Congreso su proyecto de ley para reformar el sistema de pensiones. Desde esa fecha, la reforma previsional ha estado al centro del debate sin lograr -hasta ahora- sortear las vallas políticas y el proyecto sigue estancado en su primer trámite constitucional en la comisión de Trabajo y Seguridad Social de la Cámara de Diputados, a la espera de su votación en particular. Esto último debía...

October 5, 2023

NoticiasChile, Reforma de Pensiones

05OctOctober 5, 2023

Perú. MEF: séptimo retiro de las AFP pone en peligro reforma de pensiones

El ministro de Economía y Finanzas (MEF), Alex Contreras, advirtió que un séptimo retiro de los fondos de la AFP, impulsado por el Congreso, podría afectar la reforma de pensiones formulada por el Ejecutivo. “Hay una propuesta que está muy cerca (de ser presentada), podríamos hacer el esfuerzo de enviarla la próxima semana y empezar a discutirlo, porque de lo contrario no habría nada que reformar. Si aprobamos un retiro más, tendremos que empezar de cero”, refirió. Contreras dio estas palabras en referencia a...

October 5, 2023

NoticiasPerú, Reforma de Pensiones, Retiro de Fondos

05OctOctober 5, 2023

La jubilación no sólo es dinero

La jubilación es un término que a menudo se asocia con el ahorro y la importancia de contar con los recursos económicos para afrontar esta etapa crucial de la vida. Sin embargo, si bien la seguridad financiera es esencial, llegar al retiro es mucho más que simplemente contar billetes y saldos bancarios. Se trata de un viaje profundo que redefinirá cómo haremos esta transición a una vida sin horarios fijos. En este sentido, la preparación psicológica cobrará mucha más importancia que...

October 5, 2023

NoticiasMercado Laboral

05OctOctober 5, 2023

US. Social Security Will Not Provide Sufficient Retirement Income for Low-Wage Workers

Even with the benefit of Social Security checks, low-income workers fall considerably short of replacing their income in retirement, emphasizing a need for policymakers and plan sponsors to step in to help improve options, according to Vanguard’s newest research. By providing wider access to workplace retirement plans and implementing features like automatic enrollment and “under-saver sweeps,” policymakers and plan sponsors have an opportunity to help low-income workers address this shortfall. Delaying retirement and liquidating home equity are also strategies to...

October 5, 2023

NewsIncome, Social Security, US

05OctOctober 5, 2023

DB schemes’ sustainability reporting will be ‘ineffective’ without integrated approach

Defined benefit (DB) pension schemes have been warned they will lack the information needed to understand how nature- and climate-related risks impact them without an integrated approach to sustainability reporting. In a briefing note on Taskforce on Nature-related Financial Disclosures (TNFD), Hymans Robertson highlighted key actions asset owners should take to try and ensure successful TNFD reporting. TNFD published its final recommendations for nature-related risk management and disclosures in September. The recommendations aim to outline the relationship between nature, business and financial capital,...

October 5, 2023

NewsPension Management, UK

05OctOctober 5, 2023

Most regions more financially inclusive despite economic headwinds – Principal

Financial inclusion improved across most regions over the last year despite a challenging macroeconomic backdrop, with employers and governments providing their citizens with relevant tools, services and guidance. Principal Financial Group's annual research ranks the financial inclusivity of markets based on the support provided by employers, governments and the financial system. The ranking for the Global Financial Inclusion Index is produced alongside the Centre for Economics and Business Research. Singapore retained the top spot in the ranking, with Hong Kong in second place...

October 5, 2023

NewsFinancial Inclusion

05OctOctober 5, 2023

9 million Ghanaian workers without pension – NPRABY

About nine million people working in the country without any form of pension risk slumping into retirement without income security, the Head of the Corporate Affairs of the National Pensions Regulatory Authority (NPRA), Nana Sifa Twum, has stated. He said that between the next five and 10 years, the working individuals without any form of pension would retire poor and become a liability on their families and society if the situation was not addressed. Nana Twum who stated this in an...

October 5, 2023

NewsCoverage, Ghana

05OctOctober 5, 2023

Education gaps and time constraints: The ESG burdens facing UK pension trustees

With ESG rapidly rising up the agenda for UK pension schemes, their often overstretched trustee boards have been grappling with how to ensure it gets enough time on agendas and how to educate themselves on fast-moving developments. Janice Turner, co-chair of the Association of Member Nominated Trustees (AMNT), told Responsible Investor that the proportion of trustee time taken up by ESG matters has been increasing every year, especially due to enhanced regulatory requirements. “I would assume that ESG is an agenda item at...

October 5, 2023

NewsESG, UK

October 2023