editor, Author at Pension Policy International

06JunJune 6, 2023

Top asset manager says pension fund clients are turning skittish on China — ‘There is a very real geopolitical risk’

APG's pension fund clients are more worried about investing in China, the Financial Times reported. That's as geopolitical risk has grown, with China increasingly at odds with the West. "There is a very real geopolitical risk that has been added to the proposition." Rising international tensions with Beijing are a serious factor in the worsening skepticism around Chinese investments, APG Asset Management told The Financial Times. One of the largest asset managers in the world, the firm is in charge of about $570...

June 6, 2023

NewsChina, Investment

06JunJune 6, 2023

Funding ratios for U.S. corporate pension plans increase in May

U.S. corporate pension plans saw their funding ratios increase in May thanks to falling liability values offsetting asset losses due to negative non-U.S. equity returns during the month, according to three new reports. Wilshire Advisors estimated the aggregate funding ratio of U.S. corporate plans increased 0.8% percentage points to land at 99.8% as of May 31. Liability values declined further than asset values after U.S. Treasury yields rose, primarily due to debt ceiling negotiations and continuing anticipation regarding the Federal Reserve,...

June 6, 2023

NewsFunding, US

06JunJune 6, 2023

Why saving for a pension has become more risky

How much money are you going to have to live on in retirement? Perhaps, just like one in five Britons, you do not know. This is not a surprise since there are so many shifting factors, or risks, to consider when thinking about retirement finances. You need to think about how much you’ll earn during your life, to what your employer will decide to contribute towards your a pension, and how much tax you will have to pay. And then, even...

June 6, 2023

NewsRisk, UK

06JunJune 6, 2023

French unions make ultimate push to derail pension reform

Hundreds of thousands of people are expected to take to the streets across France on Tuesday for what will be the fourteenth day of demonstrations since January to oppose French President Emmanuel Macron's pension reform. Authorities expect up to 600,000 people at the demonstrations nationwide, less than half the peak on 7 March, when 1.28 million were counted by police. In contrast to the earlier phase of the movement, only limited disruption is expected on public transport though some flight cancellations...

June 6, 2023

NewsFrance, Pension Reform

05JunJune 5, 2023

México. Alertan por estafas a pensionistas

La Coordinación General de Programas para el Bienestar del Gobierno de México alertó a la población por una nueva modalidad de fraude por WhatsApp, en la que ofrecen apoyos sociales, como la Pensión Bienestar, falsos a los usuarios. “Todas las pensiones y #ProgramasParaElBienestar se entregan de forma directa, sin intermediarios y nunca se te pedirá ningún depósito. No te dejes engañar por falsas cadenas de WhatsApp o mensajes de personas desconocidas”. La coordinación advirtió que los estafadores usan mensajes falsos de...

June 5, 2023

NoticiasMexico, Protección Social

05JunJune 5, 2023

Perú. El negocio de las pensiones: AFP invierten millones en empresas de sus mismos grupos económicos

Vicente Saldarriaga es un peruano de 53 años afiliado a una Administradora de Fondos de Pensiones (AFP) que hasta el 2019 cotizó en el fondo de tipo 3 (alto riesgo). Ese año, antes de la pandemia, su asesora de la AFP Habitat le recomendó trasladarse al Fondo 1 –que alberga a gran parte de las personas que están más cerca de jubilarse– para que “proteja mejor sus ahorros”. Le dijo que al tratarse de un fondo más conservador, los...

June 5, 2023

NoticiasAdministración de Pensiones, Inversión, Perú

05JunJune 5, 2023

Colombia. Colpensiones a confirmó que sí se discute edad para algunos beneficios

Una vez radicada la ponencia de la reforma pensional en la Comisión Séptima del Senado de la República, evento que se dio el martes pasado. Pese a que la ministra de Trabajo, Gloria Inés Ramírez, exhibió un ánimo conciliatorio,algunos gremios dieron a conocer algunas preocupaciones sobre el documento. En el escrito quedaron establecidos 18 artículos abiertos para debate y otros siete que se encuentran enmarcados en un acuerdo parcial, sin embargo, algunos sectores insisten en señalar ciertas críticas que no beneficiarían...

June 5, 2023

NoticiasColombia, Reforma de Pensiones

05JunJune 5, 2023

California, New York pension funds vote against Toyota chairman

Two of the largest U.S. public pension funds have voted against the re-election of Toyota Motor Corp (7203.T) Chairman Akio Toyoda, shareholder voting records showed, sharpening the focus on the automaker's annual meeting later this month. The California Public Employees' Retirement System (CalPERS) and the Office of the New York City Comptroller also voted for a resolution urging Toyota to improve disclosure of its lobbying on climate change, according to postings by the funds. Two leading proxy advisory firms last week...

June 5, 2023

NewsClimate crisis, Investment, Pension Management

05JunJune 5, 2023

How the FCA’s new Consumer Duty impacts UK pension scheme buy-outs

Pension scheme trustees considering a buy-out are likely to welcome this, because the Duty will require the insurer to use its influence to deliver good outcomes for the members in relation to the policies. This will further strengthen the regulatory regime that applies to insurers and the protection it offers to bought out members. How the Consumer Duty will apply to pension schemes In July 2022, the FCA published its rules for a new Consumer Duty that will apply to FCA-regulated...

June 5, 2023

NewsPension Management, Regulation, Risk, UK

05JunJune 5, 2023

Green and sustainable investing: why asset managers need clear ESG definitions to aid fund sales, quash greenwashing

A lack of globally consistent and clear definitions of what “green” and “sustainable” actually mean when it comes to projects and investment products has imposed extra burdens on asset managers struggling to meet compliance requirements, according to Fidelity’s head of sustainable investing. Insufficient regulation of environment, social and governance (ESG) data and ratings providers also heightens concerns about greenwashing, the act of making unsubstantiated sustainability claims. “If you are selling a fund as a green fund, that means very different things...

June 5, 2023

NewsESG, Investment

June 2023