News Archives - Page 175 of 734 - Pension Policy International

23AugAugust 23, 2022

Dependents to exceed workers earlier than expected in Taiwan: NDC

Taiwan's dependent population will outnumber its working population earlier than previously forecast, according to a report released by the National Development Council on Monday. In its latest biennial report, the government's top planning agency maintained its forecast of Taiwan becoming a "super-aged society" -- with 20 percent of the population 65 or older -- in 2025. Read also US. How to reform Social Security to ensure a sustainable future The working population, however, is expected to become smaller than the dependent population...

August 23, 2022

News2022, Aging, Taiwan

23AugAugust 23, 2022

Ghana: Pension Scheme Provides More Reward – SSNIT DG

The Director General of the Social Security and National Insurance Trust (SSNIT), Dr John Ofori-Tenkorang, has argued that the pension scheme provided more reward to clients than they invest during their days of active service. He lauded the scheme as generous and said although workers contributed 11 per cent of their basic salary, the SSNIT scheme guaranteed members up to 60 percent of the average of their best three years' salaries and paid them monthly pensions till they were no...

August 23, 2022

News2022, Ghana, Pension design, Replacement Rate

22AugAugust 22, 2022

UK. Liz Truss eyes merger of regulators

Conservative party leadership candidate Liz Truss is eyeing up plans to merge three of the financial regulators, but advisers say her plans are destined to fail. Read also Renewable energy’s charm still growing for investors According to FTAdviser's sister title The Financial Times, Truss will launch an immediate review of the roles and responsibilities of the regulators if she wins her party's leadership election next month. It could see the Financial Conduct Authority, the Prudential Regulation Authority and the Payments Systems Regulator...

August 22, 2022

News2022, Regulation, UK

22AugAugust 22, 2022

Renewable energy’s charm still growing for investors

Amid a just-passed U.S. climate bill unleashing record investment in domestic clean energy, energy transition efforts in the U.K. and Europe well underway and energy security concerns raised by the Ukraine war, institutional investors seem poised for the next level of investing in renewables. "Over the last year alone, we've witnessed the highest levels of interest in renewables we've ever seen from institutional investors," said Matt Setchell, co-head of Octopus Energy Generation's fund management team in London. Part of Octopus...

August 22, 2022

News2022, ESG, Investing, UK, US

22AugAugust 22, 2022

South Africa. One simple decision can cost you 41% of your retirement

On the back of the widely known statistic that over 90% of South Africans are not in a position to retire comfortably, FNB Employee Benefits has also noted a growing trend amongst SME employees not fully understanding or saving enough for retirement. “Although up to 70% of our commercial banking employers currently don’t offer formal benefits to their staff members, the small and medium businesses that do offer these benefits are concerned at the low rate of retirement saving from...

August 22, 2022

News2022, Saving, South Africa, Withdrawals

22AugAugust 22, 2022

Portugal becomes fastest aging country in EU: Study

Portugal currently registers 182 elderly (aged 65 years and above) for every 100 young people (aged up to 14 years), becoming the fastest aging country in the European Union (EU), according to a study published by the Contemporary Portugal Database Pordata. In the past three decades, the elderly population tripled in the country, according to the study, based on data from the Portuguese National Statistics Institute (INE) and published by Publico newspaper on Sunday. In 1990, Portugal registered 66 elderly for...

August 22, 2022

News2022, Aging, EU, Portugal

22AugAugust 22, 2022

Planets aligning for U.S. pension funds to offload their liability risk

U.S. corporate pension plans have reached a sweet spot in their derisking journeys that will enable them to pull the trigger on pension risk transfer transactions, including plan terminations. Their funding levels have risen primarily due to rising interest rates that are lowering pension liabilities even as plan assets have fallen due to the challenging return environment that has characterized the first half of 2022. "For corporate pension plans, this what they've been waiting for, for years," said Michael Moran, New...

August 22, 2022

News2022, Occupational Pensions, Risk, US

19AugAugust 19, 2022

Canadian pension fund CDPQ explores legal options over failed crypto firm

Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) is exploring legal options over bankrupt crypto lending firm Celsius and will no longer invest in crypto firms, it said on Wednesday. CDPQ's statement came as the fund recovers from its failed investment in New Jersey-based Celsius, which filed for bankruptcy in July less than a year after it received an investment of $150 million from the fund. "We will preserve our rights and explore legal options," CDPQ Chief...

August 19, 2022

News2022, Canada, Cryptocurrencies, Investment, Pension Management

19AugAugust 19, 2022

Iran raises pensions for retired workers by over 38%

The Iranian government has approved a raise in monthly pensions paid to millions of retired workers in the country. Caretaker labor minister Mohammad Hadi Zahedivafa said on Thursday that monthly pensions for retired workers who are on the payroll of Iran’s Social Security Organization (SSO) will rise by 38% plus a fixed monthly handout of 5.15 million rials ($17.5) as of September. The raise will be applied retroactively to pensions paid since the start of the calendar year in March, said...

August 19, 2022

News2022, Iran, Public Pensions

19AugAugust 19, 2022

Nigeria. Pension fund, contributors hit N14trn, 9m respectively – PenCom

The Director -General, PenCom, Mrs Aisha Dahir-Umar gave the figure at a workshop organised by the commission for journalists covering the pension industry on Thursday in Lagos. The theme of the workshop was, “Increasing Informal Sector Participation In The Contributory Pension Scheme (CPS) :The case for Micro Pension Plan (MPP).” Dahir-Umar, represented by the Head, Corporate Communications, Mr Abdulqadir Dahiru said increasing number of pension contributors and fund was responsible for the recapitalisation of the Pension Fund Administrators (PFA’s) by PenCom. “The...

August 19, 2022

News2022, Informal Sector, Nigeria

August 2022