editor, Author at Pension Policy International

09JunJune 9, 2023

Why Over 90% of Sub-Saharan African Workers Lack Pension Plan

Why Over 90% of Sub-Saharan African Workers Lack Pension Plan In the past six months, France has seen an uproar of aggravated workers who have taken to the streets to protest the government's new pension reform. In April, France's Constitutional Council, which plays a similar role to the US Supreme Court, approved the most controversial part of the reform - raising the retirement age from 62 to 64. On May 1, International Workers Day, around 112,000 people participated in the largest...

June 9, 2023

NewsAfrica, Coverage

09JunJune 9, 2023

Generation X confronts harsh new reality of retirement: unreadiness

America’s 65 million Generation Xers (born between 1965 and 1980) are confronted with a new set of financial challenges that are redefining their plans for retirement, just as they enter their final working years, according to Prudential Financial, Inc.’s latest Pulse research survey, “Gen X: Retirement Revised.” Key findings of the survey include: Nest egg empty. Up to 30 million (46%) Gen Xers do not think they will have enough saved to live comfortably in retirement. Those fears reflect Gen...

June 9, 2023

NewsRetirement Planning

09JunJune 9, 2023

Prepare for a longer period of volatility, pension fund CIOs warn

Investors will need to deal with a volatile investment environment for longer than previously anticipated, pension fund CIOs said in a panel discussion. Speaking at the Pensions and Lifetime Savings Association's annual investment conference in Edinburgh on Tuesday, Wyn Francis, CIO of Brightwell, said markets are "less than helpful" when it comes to the investment outlook right now. "We are more likely to stay in a volatile period for a while," he said. Brightwell manages assets for the £47 billion ($58.5...

June 9, 2023

NewsInvestment, Returns

08JunJune 8, 2023

Colombia. Petro clama por la aprobación de sus reformas ante miles de simpatizantes en Colombia

Con cánticos, bailes y pancartas, los manifestantes respaldaron al mandatario en Bogotá, donde según el gobierno local 15.000 personas marcharon al grito de "¡Petro, amigo, el pueblo está contigo!". En otras ciudades también hubo movilizaciones. Muy activo en la plaza pública, el presidente acompañó la marcha por las calles de la capital y luego habló desde una pequeña tarima aledaña a la céntrica Plaza de Bolívar, acompañado de la vicepresidenta, Francia Márquez, de su esposa y de su hija. A los...

June 8, 2023

NoticiasColombia, Reforma de Pensiones

08JunJune 8, 2023

Paraguay. Más de 18.000 adultos mayores se incorporaron al cierre de mayo al programa de pensión

Según el Ministerio de Hacienda con esta cantidad de nuevos beneficiarios pertenecientes al sistema de pensiones ya acumula unos 290.631 personas de la tercera edad. Lo cual demandan una inversión mensual de G. 185.300 millones. Al cierre del mes de mayo de este año, se incorporó a 18.787 adultos mayores en situación de vulnerabilidad social al Programa de Pensión Alimentaria. Con esta cantidad de nuevos beneficiarios, la pensión cierra el mes con 290.631 personas de la tercera edad. Cabe resaltar, que...

June 8, 2023

NoticiasCobertura, Paraguay

08JunJune 8, 2023

U.S., Europe managers diverge on ESG priority – survey

Some North American managers are making ESG integration less of a priority, according to a global survey released Wednesday by Linedata. The biennial Global Asset Management Survey by Linedata, a global provider of asset management software, data and services also tracked other trends, including continued digital transformation led by automation, data integration pain points, outsourcing and adoption of artificial intelligence. The survey of 265 buy-side institutions, including asset managers and wealth managers, found that worldwide, more of them consider environmental, social...

June 8, 2023

News#USPensions #Investment #ESG

08JunJune 8, 2023

French parliament chief to block bid to axe pension reform

The law was enacted following months of mass protests via a controversial constitutional mechanism whereby the government avoided a vote in the lower-house National Assembly. Speaker Yael Braun-Pivet, who is from President Emmanuel Macron's centrist party but is officially neutral, confirmed she would reject on constitutional grounds the bid to introduce new legislation, infuriating its backers. Speaking to BFM television, she said an amendment proposed by the small LIOT faction in parliament and backed by left-wing parties would be declared "inadmissible". She...

June 8, 2023

News, UncategorizedFrance, Pension Reform

08JunJune 8, 2023

Pension reform could impact employment and wages warns Bank of Spain

The Bank of Spain has warned the government that the new pension regulation could have a negative impact on employment, wages and the competitiveness of companies. This, it said, is due to the triple increase in contributions that the regulation imposes and that will particularly affect workers with higher salaries, who will be penalised in three ways, while the rest of the workers will only be affected by the increase in contributions that the new intergenerational equity mechanism entails. According...

June 8, 2023

NewsPension Reform, Spain

08JunJune 8, 2023

New global report highlights older people’s risk of starvation and extreme poverty due to rising global costs

Older people selling assets or even begging on the street to survive: “We buy bread and cheese and feed the children while we do not eat.” “We get sick and we no longer go to the hospital due to high transportation costs …the only thing left is for us to die.” The global food, fuel and finance crisis is having a devastating impact on millions of older people across the world. It is leaving them struggling to afford food and...

June 8, 2023

NewsIncome, Inflation

07JunJune 7, 2023

Comisión de la Cámara rechaza en general el sexto retiro de las AFP

El proyecto de sexto retiro fue rechazado, en general, por la comisión de Constitución de la Cámara. Con este resultado -de 10 votos en contra y sólo 3 a favor- no se podrá votar en particular, por lo que pasa directamente a la Sala. Lo más probable es que el destino de la iniciativa se defina este miércoles. La Comisión de Constitución de la Cámara rechazó, en general, el proyecto que permite un sexto retiro de los fondos previsionales. La iniciativa...

June 7, 2023

NoticiasChile, Retiro de Fondos

June 2023