News Archives - Page 382 of 983 - Pension Policy International

09JanJanuary 9, 2023

France. Macron’s Pension Reform May Get Nod From Opposition Republicans

French President Emmanuel Macron’s plan to increase the retirement age to preserve the financial balance of the national pension system may get the backing of the Republican opposition party, its leader Eric Ciotti said. An overhaul that would progressively raise the retirement age from 62 currently to 64 in 2032 may be acceptable, the president of the conservative party said in an interview published Sunday in Le Journal du Dimanche. Raising the smallest minimum pensions will be key to clinching...

January 9, 2023

NewsFrance, Pension Reform

09JanJanuary 9, 2023

China. Authorities mull measures to address aging population

Moves may include the gradual raising of the national retirement age and changes to the ways senior care is funded. Li Lei reports. As officials wrapped up 12 months of work and planned for the future at closely watched meetings that marked the end of the year, issues involving older people came under the spotlight. Data published by the National Health Commission in October showed that 267 million people, or 18.9 percent of the population, were age 60 and older. That meant...

January 9, 2023

NewsAging, China, Retirement Age

06JanJanuary 6, 2023

UK. Retirement investors rethink plans amid challenging economic climate

Just under half of retirement investors (49.6 per cent) have rethought their retirement plans or strategy in response to the challenging economic climate, research from AJ Bell has revealed. AJ Bell’s customer survey 2022 revealed that 50.4 per cent of respondents stated that the challenging economic climate had not changed their retirement plans or that they were too far away from retirement to be affected. Of those who indicated that their retirement plans had been affected, the most common response was...

January 6, 2023

NewsInvestment, UK

06JanJanuary 6, 2023

US. Financial Planning for Retirement: It’s More Accessible, but Be Careful

I’ve been writing and researching articles on finance and money for most of my career, and covering retirement for the past 15 years. But my wife and I haven’t picked a stock or mutual fund for our own retirement accounts since the late 1990s, or written our own retirement plan. For that, we rely on a financial planner. Hiring a planner is one of the smartest financial moves we have made. This type of advice was once a subset of...

January 6, 2023

NewsPension design, Pension Management, US

06JanJanuary 6, 2023

Principal announces pension joint venture in China

Principal Financial Group ®, a leading global financial services provider, today announced an exciting new chapter in their ongoing expansion of their global pension footprint as Principal® acquires a minority ownership stake (17.647%) in China Construction Bank (CCB) Pension Management Co., Ltd. (CCBP), CCB’s pension business with the Social Security Fund of China (SSF). CCB will remain as the majority shareholder of CCBP with a 70% interest and an additional minority stake (12.353%) held by the SSF. Principal is the...

January 6, 2023

NewsChina, Pension Management

06JanJanuary 6, 2023

Azerbaijan To Increase Social Benefits, Pensions

President of Azerbaijan Ilham Aliyev has signed a decree on additional measures to improve the social welfare of the population, trend reports. According to the decree, the Cabinet of Ministers was instructed to submit proposals to the President of Azerbaijan on increasing the amount of social benefits and pensions. Starting January 1, 2023, the minimum monthly wage and pension was increased in Azerbaijan. The increase of minimum wage is 15%, and the minimum pension 16%. According to experts, wage growth is...

January 6, 2023

NewsAzerbaijan, Social Security

06JanJanuary 6, 2023

German Employers’ Associations call on government to act on pension reforms

The Confederation of German Employers’ Associations (BDA) is pressing the government to proceed swiftly towards reforming the country’s pension system this year, knocking down incentives to retire early. BDA president Rainer Dulger said that “2023 must be a year of action. Germany needs real and sustainable reforms. Now is the time to put the necessary reforms into practice, without any mental restrictions”. He also addressed labour market figures published on 3 January. According to the figures published by the federal employment...

January 6, 2023

NewsGermany, Pension Reform, Retirement Age

05JanJanuary 5, 2023

Investing novices call the shots on $4 trillion at public pensions

Canada selects directors to oversee its public pension funds for their financial expertise and pays some six-figure salaries. In the Netherlands, board members must obtain approval from the central bank. In the U.S., a lineup of unpaid union-backed reps, retirees and political appointees are the vanguards of a $4 trillion slice of the economy that looks after the nation’s retired public servants. They’re proving to be no match for a system that’s exploded in size and complexity. The disparity is dragging...

January 5, 2023

NewsInvestment, US

05JanJanuary 5, 2023

UK. A surge in pension risk settlement predicted in 2023

Aon is predicting a surge in UK pension risk settlement in 2023, as the events of 2022 continue to feed through to the market. Martin Bird, senior partner and head of UK Risk Settlement at Aon, said: “While 2022 was one of the busiest years we have seen in the risk settlement market, we have every expectation that 2023 will see it accelerate. We think there will be a focus on full scheme transactions driving significant volumes across the entire...

January 5, 2023

NewsPension Management, Risk, UK

05JanJanuary 5, 2023

France’s African ex-soldiers win last battle – over pensions

Some of the last survivors in France from a colonial-era infantry corps that recruited tens of thousands of African soldiers to fight in French wars around the world will be able to live out their final days with family members back in Africa after a French government U-turn on their pension rights. The decision to make claiming their pensions easier follows a years-long campaign on behalf of the “tirailleurs Sénégalais,” who were recruited to fight from Senegal and other former...

January 5, 2023

NewsFrance, State Pensions

January 2023