editor, Author at Pension Policy International

22AugAugust 22, 2023

UK. PLSA: Can low earners be safely auto-enrolled in workplace pensions?

In the realm of pensions policy, there exists a significant knowledge gap when it comes to understanding and addressing the needs of low earners. While various segments of the population have been subject to extensive research, individuals with low incomes who are still engaged in employment have remained relatively understudied. The PLSA commissioned the Pensions Policy Institute (PPI) to evaluate the issue of low earners and whether AE could provide a way of improving their retirement outcomes. The subsequent report -...

August 22, 2023

NewsIncome, Pension design, UK

22AugAugust 22, 2023

South Africa. Women struggle to retire as early or as securely as men

Longevity literacy is critical to help women live confidently and securely when it comes to their wind-down years. South Africa’s gender pension gap sits at 26%, reflecting the average difference in retirement income between men and women. Farzana Botha, segment manager at Sanlam Risk and Savings, said that often, women cannot afford to retire as early or as comfortably as men. She believes that turning this around should be a national imperative. Botha said: “A multitude of factors contribute to...

August 22, 2023

NewsAdequacy, Gender Gap, South Africa

21AugAugust 21, 2023

México. Veracruz, entre las entidades con mayor número de cuentas de ahorro para el retiro

Veracruz se ubica entre las cuatro entidades con mayor número de cuentas de ahorro para el retiro. Solo lo superan el Estado de México, Ciudad de México y Jalisco. Lo anterior, de acuerdo a los datos del estudio “Panorama Anual de Inclusión Financiera 2022”, que elabora la CNBV con el apoyo de información complementaria de la Comisión Nacional de Seguros y Fianzas (CNSF), la Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros (Condusef) y la Comisión Nacional del...

August 21, 2023

NoticiasInclusión Financiera, Mexico

21AugAugust 21, 2023

Chile. Nuevas aristas en discusión por reforma de pensiones ¿Habrá más retiros de las AFP?

Luego del cambio de Gabinete, el Gobierno se reunió con representantes de la oposición para discutir el futuro de la reforma de pensiones. Sin embargo, todo parece indicar que no hay un acuerdo entre ambas partes, con lo que vuelve a resurgir la posibilidad de nuevos retiros de los fondos AFP. Cabe recordar que la propuesta del Ejecutivo incluye un 6% de cotización adicional que será financiado por el empleador y que será destinado en parte a un fondo solidario. No obstante, la oposición no...

August 21, 2023

NoticiasChile, Retiro de Fondos

21AugAugust 21, 2023

Descifrando los mitos: ¿Al mexicano no le interesan sus finanzas personales?

En una sociedad caracterizada por creencias arraigadas sobre la indiferencia de los mexicanos hacia sus finanzas personales, un análisis riguroso arroja luces sobre esta cuestión y revela una realidad sorprendente. Con acceso a una gama creciente de servicios financieros, seguros y ahorro para el retiro, los ciudadanos mexicanos demuestran un mayor interés en su estabilidad financiera de lo que se creía comúnmente. De acuerdo con cifras recientes, más de 54 millones de mexicanos tienen acceso a servicios financieros, desmantelando la percepción de que la población...

August 21, 2023

NoticiasAhorro, Mexico

21AugAugust 21, 2023

Perú. Obsesionados con la reforma del sistema de pensiones

La reforma del sistema de pensiones se ha vuelto una obsesión entre políticos, líderes de opinión y ‘expertos’. Las propias AFP han considerado conveniente proponer una reforma del sistema privado que administran. La mayoría de las propuestas que se conocen, lamentablemente, nos aleja de un sistema basado en el ahorro individual, sin subsidios, ni directos ni cruzados. Mucho se ha dicho sobre la supuesta necesidad de centralizar el sistema, desde el informe de la Comisión de Protección Social nombrada en su momento por el expresidente Kuczynski,...

August 21, 2023

NoticiasPerú, Reforma de Pensiones

21AugAugust 21, 2023

US. Pension Risk Transfer Deals Hit Record Level in First Half of 2023

In the first half of 2023 plan sponsors completed a record 289 pension-risk transfer transactions totaling $22.4 billion in premiums, according to a report from Aon, the largest PRT adviser. Aon predicted that the full year would see $40 billion in PRT deals, noting that the PRT market typically is busiest in a year’s second half. The report declared: “The pipeline continues to be robust, and we are hearing a lot of interest from plan sponsors. We expect a busy second half...

August 21, 2023

NewsPension Management, Risk, US

21AugAugust 21, 2023

UK. Triple lock helps the poorest pensioners

Discussion of the triple lock for state pensions has to take account of the fact that, according to the House of Commons library, “a comparison of state pension alone shows the UK providing a lower level of pension than most other advanced economies relative to average earnings”. The deficit is somewhat ameliorated for those with private pension income. This results in about 2.1 million pensioners living in poverty. Whatever its political intentions, the economic effect of the triple lock was...

August 21, 2023

NewsInflation, Regulation, UK

21AugAugust 21, 2023

Nigeria mulls Rwanda, Kenya model to spike micro- pension enrolment

Stakeholders in the Nigerian pension industry worried about the slow pace of informal sector enrolment into the country’s Micro Pension Plan (MPP) are considering workable models in Rwanda, Kenya among others. They believe that they lack of critical incentives like co-contributions, free healthcare and insurance found in micro pension scheme in these other countries are making the Nigerian model unattractive to potential enrolees. In this vein, the industry including the regulator, the National Pension Commission (PenCom) and the Pension Fund Administrators...

August 21, 2023

NewsInformal Sector, Nigeria, Pension design

21AugAugust 21, 2023

US. Pension funds in their best shape since just before the last two stock-market crashes

How do you lose more than $400 billion and still end up better off than you were before? Easy. You run a pension fund. America's top corporate pension funds have broken into surplus this year for the first time since 2007, just before the global financial crisis, despite disastrous 2022 investment losses on the stock and bond markets. The reason? Even while markets plunged, rocketing inflation has also led to soaring long-term interest rates. And thanks to accounting rules, pension funds can...

August 21, 2023

NewsPension Management, US

August 2023