News Archives - Page 364 of 956 - Pension Policy International

08DecDecember 8, 2022

Aging societies: How can we design societies that benefit older and younger people?

The success of longevity interventions is putting countries on paths to becoming aging societies, in which the number of individuals aged 65 and older is equal to the number of people aged 15 and younger. This outcome may lead to resistance to investments in healthy longevity, according to aging experts, if concerns are raised that the needs of older individuals will overwhelm societies, exacerbate ageism, and divide populations. The National Academy of Medicine in the United States addressed this possibility...

December 8, 2022

NewsAging, Public Policy

07DecDecember 7, 2022

Global pensions with $3 trln on books fear stagflation –survey

Global public pension schemes and sovereign wealth funds managing more than $3 trillion in assets fear a combination of economic slowdown and higher inflation in the next 12-24 months, a survey showed on Tuesday. The investors face huge challenges in switching their portfolios to cope, according to think tank OMFIF, which carried out the survey of 19 funds across Europe, North America, the Middle East, Asia Pacific and Latin America. Read also Europe needs to step up on ‘global clean tech...

December 7, 2022

NewsPension Management

07DecDecember 7, 2022

UK. More than 8.6mn missing out on workplace pension savings

More than 8.6mn people from “underpensioned” groups are missing out on workplace pension savings, according to a report by Now Pensions. The report, published on December 7 in collaboration with the Pensions Policy Institute, found a number of common factors within these groups that are causing barriers to saving, including non-traditional work patterns, a lower percentage of homeownership, and being impacted by inequalities in the labour market. People from underpensioned groups – including ethnic minorities, people with disabilities, carers and single...

December 7, 2022

NewsFinancial Inclusion, Gender Gap, Informal Sector, UK

07DecDecember 7, 2022

Shelter Afrique target East African bourses, pension funds in USD 500mn housing bond

Speaking in Nairobi, Shelter Afrique's Ag. Managing Director Kingsley Muwowo disclosed that the Company was considering issuing local currency Medium Term Notes in Kenya, Uganda, Tanzania, and Rwanda. "Already, we have opened negotiations with Kenya's Capital Market Authority on the possibility of Shelter Afrique issuing another housing bond to support local housing projects and we plan to do the same with capital market authorities in Rwanda, Uganda and Tanzania. We want to approach it as an East Africa issue- meaning...

December 7, 2022

NewsNigeria, Pension Management

06DecDecember 6, 2022

French unions vow to fight pension reform, with ‘mobilisation beginning in January’

France's eight biggest unions have issued a joint statement promising massive, co-ordinated strikes and demonstrations in January if the government goes ahead with planned pension reforms. “We will decide on a first date of a united mobilisation with strikes and demonstrations in January, if the government remains stubborn on its pension reform project,” reads the statement issued on Monday by the eight largest and most influential unions – CFDT, CGT, FO, CFE-CGC, CFTC, Unsa, Solidaires and FSU. All eight are...

December 6, 2022

NewsFrance, Pensiom Reform

06DecDecember 6, 2022

Big Finance Has a Sustainability Problem. These Brands Have Solutions

The Co-Operative Bank and Make My Money Matter want to show consumers the power of their money The first question David Hayman asks new people he meets is if they know where their pension money is held. Most say they don’t. If you’re reading this in the U.K., you might be surprised to learn that yours is most likely invested in fossil fuels, tobacco or arms. In the U.S., just 14 public pension funds inject $82 billion each year into...

December 6, 2022

NewsESG, Pension Investment, UK, US

06DecDecember 6, 2022

How Access To Retirement Plans (or Lack Thereof) Is Preventing Americans From Having Adequate Savings

Access to a workplace retirement plan typically prompts more people to save, but many Americans don’t even get the chance. This problem has to do with the current retirement system, as more employers opt for 401(k) plans and other similar retirement accounts over pensions, putting the responsibility of saving on the workers instead. “There are too many Americans who don’t have that future stability,” U.S. Secretary of Labor Marty Walsh said at an event hosted by the Employee Benefit Research...

December 6, 2022

NewsRetirement Planning, savings, US

06DecDecember 6, 2022

Ghana. Pensions will be protected against Debt Exchange – TUC assures workers

The Trades Union Congress(TUC) has assured that it will take steps to safeguard workers’ pensions amid the implementation of government’s Domestic Debt Exchange (DDX) Programme. In a statement issued on Monday, the TUC expressed disquiet about the failure of government to engage Labour ahead of the launch given that substantial portion of workers’ pension is invested in government bonds. Read also Shelter Afrique target East African bourses, pension funds in USD 500mn housing bond Nonetheless, the TUC appealed to all workers...

December 6, 2022

NewsGhana, Investment, Regulation

06DecDecember 6, 2022

Europe needs to step up on ‘global clean tech race,’ EU president says

The European Commission should help member countries and European Union companies compete with the U.S. on green energy initiatives, European Commission President Ursula von der Leyen said Sunday. "We are now confronted with an intensifying global clean tech race," Ms. Von der Leyen said in a speech at the College of Europe in Bruges, Belgium. The United States' Inflation Reduction Act, with massive subsidies for clean energy, "should make us reflect on how we can improve our state-aid frameworks, and adapt...

December 6, 2022

NewsESG, EU

05DecDecember 5, 2022

Swedish pension funds invest in cryptocurrency

Swedish public pension funds have invested hundreds of millions of kronor in a cryptocurrency company that has lost 87 per cent of its share value, Swedish daily Dagens Nyheter (DN) reported on Saturday. Four public pension funds, which manage the pension money on behalf of the Swedish public, have invested more than SEK200 million (USD19 million) in Coinbase, a cryptocurrency trading company, according to the report. Details of how many shares have been bought and sold were not revealed. But DN...

December 5, 2022

NewsInvestment, Sweden

December 2022