editor, Author at Pension Policy International

12SepSeptember 12, 2023

Inflation: Pensioners are worse hit —Nigeria

The Nigerian Union of Pensioners (NUP) has said pensioners are the most affected by the inflation, following the removal of fuel subsidy in the country The Nigerian Union of Pensioners (NUP) has said pensioners are the most affected by the inflation, following the removal of fuel subsidy in the country. NUP’s Head of Information, Mr Bunmi Ogunkolade, told journalists in Abuja on Sunday that pensioners are worse hit by the rise in price of goods in the market because of the...

September 12, 2023

NewsInflation, Nigeria

11SepSeptember 11, 2023

Los mayores fondos de pensiones del mundo registran la caída más fuerte en 20 años

Los 300 mayores fondos de pensiones del mundo han registrado una caída de sus activos por primera vez desde 2018. Este descenso está a la par con el observado en 2008, produciéndose a un ritmo que solo se ha dado dos veces en los veinte años de historia de este estudio anual, según la investigación de este año realizada por el Thinking Ahead Institute, en colaboración con Pensions & Investments, la revista de inversión líder en Estados Unidos. El estudio...

September 11, 2023

NoticiasAdministración de Pensiones, Inversión

11SepSeptember 11, 2023

México. Van por reforma a pensiones

Durante 2024, el sistema de pensiones en México será objeto de una nueva tanda de reformas, que buscarán una mejor integración del apoyo gubernamental a adultos mayores, ligada al empleo y al ahorro voluntario. Lo anterior, de acuerdo con el documento de Criterios Generales de Política Económica (CGPE) para 2024, entregado por la Secretaría de Hacienda y Crédito Público (SHCP). Se indica que en 2024 se trabajará en modernizar el sistema para una mejor integración de los tres componentes centrales del sistema: pensión para el...

September 11, 2023

Noticias, UncategorizedMexico, Reforma de Pensiones

11SepSeptember 11, 2023

Peru. Gobierno impulsa la reforma de pensiones

El Poder Ejecutivo enviará este mes su propuesta de reforma previsional ante el Congreso y, uno de los puntos sostiene que los peruanos, al cumplir los 18 años, serán afiliados por “default” a la ONP. Esta es una decisión automática si es que no decidieron por algún sistema de pensiones, indicó el ministro de Economía y Finanzas, Alex Contreras. El titular del MEF sostuvo que un punto de partida para esa afiliación automática al Sistema Nacional de Pensiones es que las Administradoras de Fondos de Pensiones...

September 11, 2023

NoticiasAutoenrrolamiento, Perú, Reforma de Pensiones

11SepSeptember 11, 2023

Top funds see biggest drop since 2008

A rocky market environment that affected all major asset classes saw total assets of the world's top 300 retirement plans record their worst drop since the global financial crisis of 2008, according to the latest annual survey by Pensions & Investments and Willis Towers Watson PLC's Thinking Ahead Institute. Assets of the top 300 retirement plans — including public and corporate pension funds, defined contribution plans and state-owned pension funds — fell 12.9% in 2022 to $20.6 trillion, compared with...

September 11, 2023

News, UncategorizedInvestment, Pension Management

11SepSeptember 11, 2023

Net zero and ageing populations risk higher taxes, warns City bank

The transition to net zero and pressures from ageing populations risk pushing up the tax burden, a City bank has warned. Analysts at BNP Paribas, a French multinational bank, said that spending demands from several economic shifts meant states would likely be permanently bigger. As a result, Marcelo Carvalho, the global head of economics, said: “I think it’s very unlikely that the tax burden is going to go down meaningfully anywhere in the world. “It’s more likely that it either stays where...

September 11, 2023

NewsAging, ESG, Taxation

11SepSeptember 11, 2023

South Korea. Urgent pension reform

One of the problems modern welfare states must tackle is defusing the pension time bomb. And nowhere is this more urgent than in Korea, with the fastest aging population and steepest decline in birth rate worldwide. Moreover, thanks to accumulated funds, Korean retirees receive considerably more than they contributed. It contrasts with the pay-as-you-go-type schemes of some countries. That cannot go on because of the nation's demographic structure. Someone must persuade Koreans to get less ― or at least not more ―...

September 11, 2023

NewsAging, Pension Reform, South Korea

08SepSeptember 8, 2023

México. Presupuesto 2024 prevé alza de 25% a pensiones

Este viernes, la Secretaría de Hacienda entregará a la Cámara de Diputados el Presupuesto de Egresos de la Federación (PEF) 2024, donde se contempla un aumento de 25 por ciento a las pensiones de los adultos mayores, así como recursos para las grandes obras como el Tren Transístmico, el aeropuerto de Tulum y la red hidráulica, anticipó el Presidente Andrés Manuel López Obrador. El paquete económico, que tendrá una orientación social importante, contempla un gasto superior a 8.4 billones de...

September 8, 2023

NoticiasGasto Público, Mexico, Protección Social

08SepSeptember 8, 2023

US. Traditional pension plans are pretty rare. But here’s who still has them and how they work

The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a strike. But for most private-sector US workers, pensions disappeared long ago. In a traditional pension, employers contribute, invest and manage retirement funds for their workers, who then receive guaranteed monthly checks for life after they retire. But over the past several decades, employers have either...

September 8, 2023

NewsOccupational Pensions, Pension design, US

08SepSeptember 8, 2023

UK. Triple lock could add £45bn a year to state pensions bill by 2050, IFS says

Maintaining the triple lock on state pensions could add as much as £45bn a year to the welfare bill by 2050, putting “insurmountable pressure” on the government to increase the minimum retirement age, according to the Institute for Fiscal Studies. In a report published ahead of the release next week of official data for earnings growth, which will be used to set the annual increase in pensions, the IFS estimates spending on retirees could rise by a further £2bn from...

September 8, 2023

NewsFunding, State Pensions, UK

September 2023