News Archives - Page 328 of 954 - Pension Policy International

10AprApril 10, 2023

India. Punjab Govt. Approved The Advance Payment Of Salaries And Pensions To Employees

On 07-04-2023, the Government of Punjab Finance Department issued a Notification concerning the Disbursement of Pay and Allowance in Advance for April 2023 Punjab. Due to Eid-ul-Fitr 2023, Punjab pensioners will also receive an advance pension for the month of April 2023. The Punjab Government will pay the April 2023 salary on April 17, 2023. Pay and Allowance Disbursement in Advance for Punjab Employees April 2023 Punjab The Governor of Punjab is pleased to approve the advance payment of pay and allowances...

April 10, 2023

NewsIndia, Pension Payout

10AprApril 10, 2023

UK. £1 million in savings are needed for a comfortable early retirement, experts say”

Savers hoping to retire early with a “comfortable” income will need a pension worth £1m – and to save more than £11,000 a year throughout their career to build up the pot. Early retirement is currently in vogue, with 565,000 workers having left the workforce since the start of the pandemic, according to the House of Lords. While the reasons behind the exodus are unknown, the primary driver is thought to be early retirement among those aged between 50 and...

April 10, 2023

NewsPension design, UK

05AprApril 5, 2023

US. NYC pension leaders to seek emissions cut plans from fund managers

New York City pension leaders will press external fund managers, including private market fund managers, on Wednesday for details on their plans to cut greenhouse gas emissions, officials said. Public, and private market managers that have faced less pressure on climate issues to date, run most of the roughly $240 billion in New York City pension fund assets. Boards overseeing the majority of that money have approved new expectations for those managers, New York City Comptroller Brad Lander said, which...

April 5, 2023

NewsESG, Pension Management, US

05AprApril 5, 2023

$2 Billion Loss at Sweden’s Pension Fund Has Stocks Chief Put on Leave

Sweden’s biggest pension fund Alecta has put its equities chief on leave and announced a plan to reduce risk exposure after reporting $2 billion in investment losses tied to last month’s US banking crisis. On Tuesday, Alecta said it would scale back large stakes in companies far from its home market and named Ann Grevelius as acting head of equity portfolio management. Liselott Ledin, the equities chief responsible for making Alecta one of the largest shareholders in Silicon Valley Bank...

April 5, 2023

NewsInvestment, Pension Management, Sweden

05AprApril 5, 2023

Nigeria: NLC, TUC Threatens to Resume Strike in Imo State

Organised labour under the auspices of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC ) warned that its members may be forced to resume the suspended strike in Imo state if the state government failed to resolve the lingering industrial dispute. In a letter addressed to Imo state Governor, Senator Hope Uzodinma, dated March 31, 2023, the two labour bodies urged the state government to fix a date for final resolution of the dispute with workers. NLC had directed...

April 5, 2023

NewsNigeria, Pension Payout

05AprApril 5, 2023

French unions to keep up pensions protest after talks with PM fail

France's labour unions will keep up their fight against a planned rise of the legal retirement age, they said on Wednesday, after a meeting with Prime Minister Elisabeth Borne failed to end months of gridlock over a deeply unpopular reform. Wednesday's talks were the first high-stakes meeting between the government of President Emmanuel Macron and union bosses since nationwide protests and strikes against the legislation started in mid-January. The talks, ahead of a new day of walkouts and marches planned for...

April 5, 2023

NewsFrance, Pension Reform

05AprApril 5, 2023

Younger workers stashing more in retirement plans, Vanguard study says

Younger workers today are participating in their workplace retirement plans at higher rates than they were 15 years ago, and they're saving more, according to new research from Vanguard. In 2021, 62% of Generation Z workers — those between the ages of 18 and 24 — participated in the retirement plans offered through their employers, up from 30% of people in that age range who did so in 2006. Their average deferrals also ticked up to 5.4% from 4.8%. Millennials too...

April 5, 2023

NewsGen Z, Millennials, Retirement Planning, savings

04AprApril 4, 2023

Pension reform in France: How can President Macron get out of the crisis?

After more than two months of nationwide protests, French President Emmanuel Macron faces backlash from voters for his inflexibility on pension reforms. Nearly all of France's trade unions have agreed to meet the country's prime minister, Elizabeth Borne, this week as they prepare for an eleventh day of strike action on Thursday. But according to political scientist Bruno Palier, author of the book 'Reforming pensions', the government needs a "change in strategy". "This meeting is very important", he told Euronews. "It...

April 4, 2023

NewsFrance, Pension Reform

04AprApril 4, 2023

U.K. extends pensions funds’ clearing obligation exemption for 2 more years

His Majesty's Treasury said it will exempt U.K. pension funds from the clearing obligation for an additional two years. Under the European Union's European Markets Infrastructure Regulation pension funds in Europe have until June 18 before they are obligated to clear derivatives. Under the rules of EMIR, all counterparties trading in the European Union are required to post cash, rather than bonds, as the collateral to clear derivatives' exposures. This could mean they have to liquidate otherwise long-term fixed-income investments if...

April 4, 2023

NewsPolitical economy, Regulation, UK

04AprApril 4, 2023

Modern slavery audits in supply chains subpar for investors

Institutional investors have become more aware of the risks of modern slavery in their portfolio companies’ supply chains, but detecting labor issues is an uphill battle as companies chase profits and the industry lacks skills to detect labor issues. In emerging Asia, where the bulk of supply chain companies are located, regulations are not yet at a level where they’re an effective deterrent, sources said. According to the United Nations, modern slavery refers to “situations of exploitation that a person cannot...

April 4, 2023

NewsCorporate Governance, Investment