December 2024
20Dec

Pensioners of Radio Pakistan in Gilgit-Baltistan demand overdue benefits

Last week, a determined group of retired employees from Radio Pakistan marched through the streets of Pakistan-occupied Gilgit-Baltistan (PoGB), voicing their frustrations over delayed retirement benefits and pensions that remain unpaid despite years of service. The demonstrators, a coalition of former staff who dedicated decades of their lives to the national broadcaster, gathered to demand immediate action from the government, shedding light on the financial hardships they currently face. Organised by a committed faction of people who have retired, the lively...

December 20, 2024
News, Slider,
Read more...
19Dec

2024 is a record year for ETFs in Latin America, especially among pension funds

According to a report by ETFGI, this year will be historic for the global ETF sector. By the end of August, the industry reached a new all-time high of $13.99 billion in assets under management, surpassing the previous record of $13.61 billion. In the emerging markets of Latin America, the trend is similar, driven by increased liquidity in the region. This is particularly evident among the largest pension funds, whose managers have long used ETFs as one of their preferred...

December 19, 2024
News, Slider, , ,
Read more...
19Dec

UK Government denies compensation to Waspi women

Prime Minister Keir Starmer has defended the decision to reject compensation for women hit by changes to the state pension age, arguing that the taxpayer "simply can't afford the tens of billions of pounds" in payments. He added that "90% of those impacted knew about the changes that were taking place". However, during Prime Minister's Questions, Sir Keir was repeatedly pressed on the government's decision, with one MP calling for a vote. The Women Against State Pension Inequality (Waspi) campaign group say that...

December 19, 2024
News, Slider, , ,
Read more...
19Dec

US Pension Plans Set to Increase Contributions in 2025

Approximately 58% of pension funds in the U.S.—including public, corporate and multi-employer plans—reported that their funded status increased in 2024, according to a survey of pension fund professionals commissioned by Ortec Finance. Approximately 30% of plans reported that their funding status is unchanged, while 12% said their funding status decreased this year. While funded status is generally increasing, more than two-thirds (68%) of respondents said they will or are likely to increase contributions this year. According to Ortec Finance, of the...

December 19, 2024
News, Slider, Uncategorized, ,
Read more...
18Dec

US. Indiana to Replace BlackRock in Pension Funds Due to ESG Investing Policies

The Indiana Public Retirement System (INPRS) voted to replace BlackRock as a manager in its portfolio, due to the investment giant’s alleged use of ESG investment policies and its engagement using “an ESG focused agenda.” In a press release from Indiana State Treasurer Daniel Elliott, who also serves as a member of the INPRS Board of Trustees, Elliott said lauded the board’s decision to remove BlackRock, describing the firm as an “ESG violator.” Elliott said: “Today, I and other INPRS board members...

December 18, 2024
News, Slider,
Read more...
18Dec

How the place where people live influences aging in Spain

As the population ages and grows in our cities, the question arises of whether this environment is truly a suitable space for older people to live fully, with health, comfort, and quality of life. Although cities offer access to medical services, social activities, and amenities that are often lacking in rural areas, they also present barriers that limit the quality of life. Are our streets and services really adapted to their needs? Are we making enough progress? Are rural...

December 18, 2024
News, Slider,
Read more...
18Dec

AI and machine learning to help pension plan governance, says CFA report

The CFA Institute Research and Policy Center has released new research exploring how AI and machine-learning technology can address critical issues facing the global pensions industry. Demographic shifts, underfunding of defined benefit pension plans, inflation, rising inequalities, and gaps in financial literacy, are creating an increasingly complex pensions environment and more risk of pension inadequacy for retirees. The research, ‘Pensions in the Age of Artificial Intelligence’. explores whether technology can offer solutions to address key issues across various parts of the value...

December 18, 2024
News, Slider,
Read more...
18Dec

Canada. Navigating Change: Developments in the Pensions and Benefits Sector

Recent regulatory changes, case law precedents and best practices are reshaping the pensions and benefits sector. These changes emphasize the need for robust compliance, governance and strategic planning to effectively navigate emerging risks and obligations. Below are five key developments that plan administrators and stakeholders should keep in mind. Regulatory Updates. The federal government has introduced proposed amendments that would require OSFI to publish investment information with respect to certain federally regulated pension plans. Provincially, Ontario filed various regulations to implement...

December 18, 2024
News, Slider, ,
Read more...
17Dec

U.K. Chancellor Rachel Reeves to delay second part of government pensions review

U.K. Chancellor of the Exchequer Rachel Reeves has delayed a critical second phase of a government review into the pensions sector, according to reports in the Financial Times. In July this year, Reeves had announced a pension review to “boost growth and make every part of Britain better off,” according to an official government release. The interim report of the first phase was published at a Mansion House event on November 14, with the second phase and publication of a...

December 17, 2024
News, Slider,
Read more...
17Dec

Should the U.S. Government Create a Nationwide Retirement Savings Plan?

Proposed legislation suggests that the U.S. government is interested in creating a federally sponsored retirement savings program. Under the Retirement Savings for Americans Act, private-sector employees without access to employer-sponsored savings options would automatically be enrolled in the program. Other proposals would also provide for matching contributions for lower- and middle-income employees. We asked two professors and authors of ALM’s Tax Facts with opposing political viewpoints to share their opinions about whether the United States should create a nationwide retirement savings plan at...

December 17, 2024
News, Slider,
Read more...