editor, Author at Pension Policy International

03OctOctober 3, 2023

Perú. SBS modifica reglamento de infracciones a las AFP: Conoce las nuevas restricciones

La Superintendencia de Banca, Seguros y AFP impuso nuevas infracciones desde categorías leve, grave y muy grave por el incumplimiento de las Administradoras de Fondos de Pensiones referidas a políticas de inversión e información veraz a aportantes La Superintendencia de Banca, Seguros y AFP impuso nuevas infracciones desde categorías leve, grave y muy grave por el incumplimiento de las Administradoras de Fondos de Pensiones referidas a políticas de inversión e información veraz a aportantes A través del diario oficial El Peruano,...

October 3, 2023

NoticiasAdministración de Pensiones, Perú, Regulación

03OctOctober 3, 2023

UK. DB funding levels remain buoyant despite volatility

Pension scheme trustees have been urged to take the time to review their endgame options, after industry analysis revealed that UK defined benefit (DB) funding levels have continued to improve, despite ongoing volatility. Analysis from XPS Pensions found that, despite the Bank of England holding interest rates steady for the first time since late 2021, the aggregate surplus of UK DB pension schemes stood at around £169bn at the end of September. Aggregate scheme assets were also down over the month...

October 3, 2023

NewsDefined Benefit, Funding, UK

03OctOctober 3, 2023

Danish pension fund completes US$520m divestment

Danish pension fund AkademikerPension has completed a fossil fuel divestment program to exit its portfolio of oil and gas stocks worth US$520 million with the sale of Italy's ENI. The fund, which oversees $20 billion in client assets, has undergone a divestment program spanning half a decade. It has now divested from BP, Chevron, Equinor, Exxon Mobil, Petrobras, PetroChina, Shell, Repsol and TotalEnergies. AkademikerPension, formerly named MP Pension, is a pension fund that admits academic degree holders, with more than 150,000 members privately or...

October 3, 2023

NewsClimate crisis, ESG, Investment

03OctOctober 3, 2023

US. Just 17% of workers aged 50+ confident they can maintain a comfortable lifestyle in retirement: survey

Only 17 per cent of U.S. employees aged 50-plus and 23 per cent of retirees are very confident they’ll be able to maintain a comfortable lifestyle throughout retirement, according to a new survey by the Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute. The survey, which polled more than 10,000 U.S. employees, found nearly a fifth (19 per cent) of retirees said they expect to primarily rely on income from an employer-sponsored pension plan, compared to just...

October 3, 2023

NewsRetirement security, US

03OctOctober 3, 2023

Japan wants companies to disclose pension fund performance

Japan is moving to urge companies to disclose their pension plan returns, Nikkei has learned, as part of an effort to improve how the nation's retirement savings are invested. The government will begin discussions Wednesday in a new panel on strengthening Japan's asset management sector. Proposed topics include disclosures on pension fund performance, ways to attract more talent in the field and allowing smaller companies to operate joint pension funds. The conclusions will be incorporated into a national plan to bolster...

October 3, 2023

NewsJapan, Occupational Pensions, Regulation

02OctOctober 2, 2023

Sin reformas, las pensiones de los trabajadores podrían reducirse a la mitad: BID

Un estudio del Banco Interamericano del Desarrollo advierte que las pensiones en América Latina y el Caribe podrían disminuir significativamente en los siguientes años debido al envejecimiento de la población, lo que demanda cambios importantes en las políticas públicas. La proyección sobre las pensiones sugiere que éstas podrían reducirse hasta la mitad de sus niveles actuales en los próximos años si no se toman medidas inmediatas. Una de ellas podría ser tan extrema como aumentar las tasas de contribución, pero eso dificultaría...

October 2, 2023

NoticiasAmérica Latina, Reforma de Pensiones, Suficiencia

02OctOctober 2, 2023

Desde hoy, todos los nuevos cotizantes serán afiliados a AFP UNO: ¿Cuál es la comisión?

La administradora de fondos de pensiones se adjudicó la licitación en abril, tras presentar la menor comisión del mercado. A partir de este domingo 1 de octubre, todos los cotizantes que ingresen al mercado laboral por primera vez, entrarán al sistema de pensiones como afiliados de AFP UNO. ¿Por qué? AFP UNO se adjudicó la licitación en abril de 2023, tras presentar la menor comisión del mercado. La comisión propuesta fue de 0,49%, cifra que, de acuerdo a la administradora de fondos...

October 2, 2023

NoticiasAdministración de Pensiones, Chile

02OctOctober 2, 2023

Colombia. Porvenir, primera AFP en otorgar una pensión de vejez por ahorros en BEPS

El Fondo de Pensiones y Cesantías Porvenir dio a conocer que, gracias al Sistema de Equivalencias BEPS que le permite al vinculado a este programa acceder a una pensión de vejez sumando los tiempos cotizados en el Sistema General de pensiones y convirtiendo el ahorro en BEPS en semanas, esta AFP otorgó la primera pensión de vejez del Régimen de Ahorro Individual con Solidaridad (RAIS) con Garantía de Pensión Mínima. A la fecha por este Sistema se han reconocido...

October 2, 2023

NoticiasAdministración de Pensiones, Colombia

02OctOctober 2, 2023

UK. Concerns over self-employed pension adequacy persist

Self-employed workers could boost their retirement resilience by paying into their partner's pension, Hargreaves Lansdown has said, after its analysis raised concerns over the current level of pension saving amongst the self-employed. According to the latest data from the Hargreaves Lansdown Savings and Resilience Barometer, self-employed led households scored 53/100 for their financial resilience compared to 67/100 among employee-led households. However, the firm clarified that the picture is "a bit more nuanced than this", as households where the self-employed worker is...

October 2, 2023

NewsAdequacy, Informal Sector, savings, UK

02OctOctober 2, 2023

Chinese stocks pose reputational risk to US, Canadian pension funds amid geopolitical tensions, says Alpine Macro strategist

Chinese stocks are becoming a reputational hazard for US and Canadian pension funds because of geopolitical risks, a strategist said. Money managers are having a hard time convincing their boards to invest in Chinese assets even if they see long-term potential, as they worry about being seen to be aligning with a hostile government, according to Alpine Macro, a Montreal-based research firm. As a result, they are reducing their exposure to the country and use any market rallies as an opportunity to sell, it...

October 2, 2023

NewsCanada, China, Investment, Pension Management

October 2023