News Archives - Page 370 of 956 - Pension Policy International

17NovNovember 17, 2022

EU regulators seek input on greenwashing

European financial regulators issued a call Tuesday for stakeholders to help them better understand greenwashing features, drivers and risks, and to identify potential greenwashing practices. The call for evidence came from the European Union's European Supervisory Authorities, consisting of the European Banking Authority and European Securities and Markets Authority in Paris and the European Insurance and Occupational Pensions Authority in Frankfurt. In the statement, the ESAs cited "rapidly evolving regulatory regimes" as well as growing demand for sustainability-related products and "the...

November 17, 2022

NewsClimate crisis, EU, Regulation

17NovNovember 17, 2022

How will aging nations pay for their retirees?

If governments rack up debt to support their senior citizens, inflation may be here to stay As the world’s population crosses 8 billion, it’s getting older. On average, the bloom of youth came around 1970, when the median age of the world was roughly 21; by 2100, that figure will have climbed to 41 or 42. Forty is, of course, the new 20⁠—but this number is just an average. Many countries, particularly in Africa, will be younger, but the world’s most...

November 17, 2022

NewsAging, Public Policy

17NovNovember 17, 2022

Analysis: Italy’s Meloni needs urgent fix for ballooning pensions bill

Italy's new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system which absorbs most social spending and looks increasingly unsustainable in the face of surging inflation. Rome already has the highest pension bill in the 38-nation Organisation for Economic Cooperation and Development, and says outlays will climb by 58 billion euros ($60.35 billion), or 19.5%, by 2025 as rising prices boost index-linked payouts. With one of the world's oldest populations and low birth and employment rates, Italy...

November 17, 2022

NewsItaly, Pensions Reform, Public Pensions

17NovNovember 17, 2022

Getting In On The Act: A New Generation Of Investors Is Here

Gen-Z and millennials are digital natives, caring about climate change, advocating for fair practices, and seeking impact investments that align with their values, and offer more than a short-term financial return. The investment world has undergone rapid change since the onset of the COVID-19 crisis. Data shows that global venture funding reached a record US$621 billion in 2021- more than double the 2020 mark of $294 billion. It is also swinging away from the historically dominant US, with Asia now...

November 17, 2022

NewsESG, Investment, Millennials

17NovNovember 17, 2022

Germany. Social partners move forward to implement pure DC plans

German employer and employee representatives are taking the first steps to implement the social partner models for pensions signed up recently, under a new legal framework, with other candidates planning to offer pure defined contribution (DC) schemes. The investment strategy under the social partner model set up by energy company Uniper with unions is taking shape, with a social partner advisory board – Sozialpartnerbeirat – constituted last week, that has decided on asset class allocation, and the upper limit of...

November 17, 2022

NewsDefined Contribution, Germany

16NovNovember 16, 2022

Chile’s Pension Reform May Decide Boric’s Fate

The proposed reform has kept a private component that was initially shunned by the president. For much of the last eight months, President Gabriel Boric was waiting for a new constitution to be approved before introducing major reforms. It appears the government was counting on the new constitution, produced over the course of a year by a constitutional convention, to provide major definitions on things like health care, education and pensions. But a funny thing happened to the constitution: Chileans didn’t...

November 16, 2022

NewsChile, Pensions Reform

16NovNovember 16, 2022

Germany prepares to reform all three pension system pillars

The German government is targeting a comprehensive reform of all the three pension system pillars during what it considers a turning point in history – Zeitwende – with high inflation, possible recession, changes in economic policies and demographic pressures. Speaking at the Handelsblatt occupational pension forum in Berlin today, Florian Toncar, parliamentary state secretary at the Ministry of Finance, said that the government will strengthen the capital funded components in all three pension system pillars, with the first pillar having...

November 16, 2022

NewsGermany, Pensions Reform

16NovNovember 16, 2022

68% of Brits back pension triple lock

‘Attacking’ it would be a ‘seriously high-risk and deeply unpopular move’ More than two-thirds of UK adults support an inflation-matching increase in the state pension next year, AJ Bell research has found. Of the 4,000 Brits asked if they backed increasing the state pension in line with wage growth, inflation, or not at all, the overwhelming majority (86%) felt the state pension should increase next year. Most (68%) said they backed an inflation-linked increase, while a further 18% said it should be...

November 16, 2022

NewsIncome, State Pensions, UK

16NovNovember 16, 2022

Global population hits 8 billion, doubling in 48 years

The world’s population has reached 8 billion, up by one billion in just 11 years since the population hit 7 billion in 2011. On Tuesday, the UNDP announced that the world’s population had hit 8 billion. UN Secretary-General Antonio Guterres said in a statement that it is a “milestone in human development,” and that this is an “occasion to celebrate diversity and advancements while considering humanity’s shared responsibility for the planet.” Since 1974, when the global population first exceeded 4 billion,...

November 16, 2022

NewsAging, Labor Market, Longevity

16NovNovember 16, 2022

Age for starting savings for pension drops in China

The average age for starting saving for a pension dropped sharply in China from 38 to 35, according to a survey on the prospect of China's elderly care released by Fidelity International and Ant Fortune on Tuesday, the Paper reported. Perceptions on and behaviors for retirement planning continue to improve when China's personal pension policy landed as a third pillar to support the country's pension system with the basic endowment insurance as the first pillar, and the enterprise annuity as...

November 16, 2022

NewsAging, China, savings

November 2022