editor, Author at Pension Policy International

14JunJune 14, 2023

UK. Govt extends National Insurance contribution deadline

The government has extended the deadline for paying voluntary National Insurance contributions by nearly two years, with taxpayers to be given until 5 April 2025 to boost their state pension entitlement. According to the government announcement, the extension aims to ensure that people have more time to properly consider whether paying voluntary contributions is right for them and ensure that no-one misses out on the possibility of boosting their state pension entitlements. The original deadline was extended to 31 July 2023...

June 14, 2023

NewsRegulation, State Pensions, UK

14JunJune 14, 2023

South Korea. Rapid population aging to accelerate income inequity

Income inequality in Korea is likely to accelerate due to a rapidly aging population, according to a report released by the Bank of Korea (BOK) on Wednesday. The report revealed that income inequality among households has worsened by 30 percent over the past 25 years, largely as a result of the aging population. "The aging population is expected to have a significant negative impact on the Korean economy, not only by lowering labor productivity and increasing the burden of care, but...

June 14, 2023

NewsAging, Income, South Korea

14JunJune 14, 2023

Akio Toyoda reelected Toyota chairman despite pension funds’ governance concerns

Toyota Motor weathered an unprecedented showdown with investors at its annual general meeting on Wednesday as shareholders approved former President Akio Toyoda's nomination to the board and rejected a proposal demanding better disclosure on climate lobbying activities. Proxy advisers, U.S. pension funds and European asset managers criticized the automaker's insufficient corporate governance and environmental efforts, heaping pressure on a fledgling management team already facing intensifying industry competition in electric vehicles. "The new management is able to get to a start thanks...

June 14, 2023

NewsCorporate Governance, Investment

13JunJune 13, 2023

México. El IMSS publicó criterio sobre esquemas de fondos de pensiones

El 8 de junio de 2023, el Instituto Mexicano del Seguro Social (IMSS) publicó un acuerdo con un criterio relacionado con las aportaciones a fondos de planes de pensiones y el salario base de cotización (SBC). De acuerdo con Fiscalia, de manera general, el criterio establece que es considerada una práctica fiscal indebida en materia de seguridad, el pago infundado de cantidades a trabajadores por concepto de planes de pensiones con la finalidad de excluirlos como parte del SBC. Además, en...

June 13, 2023

NoticiasDiseño de Pensiones, Mexico

13JunJune 13, 2023

Chile. Los impactos de la nueva normativa que permite a las AFP invertir en ETF activos

Una nueva normativa que entrega mayores opciones de inversión a las AFP está siendo analizada con interés por parte del mercado. El sábado 3 de junio, la Comisión Clasificadora de Riesgos (CCR) publicó en el Diario Oficial un acuerdo que modifica la política de inversiones de los fondos de pensiones y aprueba el uso de los ETF. En detalle, el nuevo marco regulatorio permite a los fondos de pensiones poder invertir en ETF Activos -o Actively Managed Exchange-Traded Funds-, vehículos...

June 13, 2023

NoticiasChile, Inversión

13JunJune 13, 2023

México. CONSAR reajusta su indicador de calidad operativa

La Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) emite un indicador para evaluar a las Administradoras de Fondos para el Retiro (Afore) respecto a su eficiencia en el desarrollo de sus operaciones. El Indicador de Desempeño Operativo (IDEO) es un indicador que compara el desempeño de las Afores respecto a su cobertura y calidad operativa, a la vez de evaluar las acciones impulsadas para favorecer el registro de las cuentas individuales, promover el ahorro voluntario y profesionalizar...

June 13, 2023

NoticiasMexico, Operaciones, Regulación

13JunJune 13, 2023

US Pension Funded Status Continues to Improve in May

Despite negative returns for many asset classes in the stock market, decreasing liabilities resulted in U.S. corporate pension funded status improvements in May, according to analysts. Pension discount rates rose almost one-quarter of a percentage point in May, erasing much of the fall in rates that had been seen so far this year, according to Agilis’s May Pension Briefing. This boost in funded status comes on the heels of a strong April for pension plans, as an increasing number of pension...

June 13, 2023

NewsFunding, US

13JunJune 13, 2023

EU. Bureau adopts measures to put MEPs’ pension scheme on a more sustainable path

Confirming its decision on 22 May, the Bureau modified the conditions of the voluntary pension fund closed in 2009 to put it on a more sustainable path. The voluntary pension fund was created in 1990, when there was no single statute for MEPs. The fund was closed in 2009, which meant that no MEPs could join the scheme as of 2009 when the new MEPs' single statute entered into force. From the moment she came in office, President Metsola tasked the...

June 13, 2023

NewsEU, Sustainability

13JunJune 13, 2023

Confronting aging: How LGBTQ+ seniors can tackle their special caregiving challenges

Margaret Roesch, 67, and her wife, Pat McAulay, 68, wanted to have a supportive community around them as they grew older. So they helped to create a cohousing development for LGBTQ+ seniors and allies, making it easier to offer support to one another. “We said we don’t want to have to go back in the closet when we get older,” Roesch said from the front porch of her home in Durham, North Carolina. Opened in 2020, the Village Hearth is a...

June 13, 2023

NewsAging, Pension design

13JunJune 13, 2023

UK pension fund fights appeal in landmark fossil fuels lawsuit

Britain's biggest private pension scheme on Tuesday asked a London court to block a landmark lawsuit over its alleged failure to devise a credible plan to divest from fossil fuels. The 82 billion-pound ($103 billion) Universities Superannuation Scheme (USS) is facing legal action from two of its members over its continuing investments in coal, natural gas and petroleum. The lawsuit was blocked last year by London's High Court, but the two academics behind the claim asked the Court of Appeal to...

June 13, 2023

NewsPension Management, UK

June 2023