April 2024
22Apr

UK. Labour shifts poll tactics to target fearful Tory over-65s

Labour is to wage a new campaign to win over Tory-supporting pensioners in an attempt to neutralise one of the government’s last remaining electoral strengths, amid evidence the Conservatives are now performing as badly among the age group as they did under Liz Truss’s leadership. With less than a fortnight to go until local elections in England, which some Tories fear could trigger an attempt to topple Rishi Sunak, the Observer understands that Keir Starmer’s top officials are reorienting their campaign after detecting...

April 22, 2024
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22Apr

Less than half of Malaysians are insured as we become an ageing society

Less than 50% of Malaysians are insured, according to insurance industry players. They said that getting insurance is especially important for the public to shield themselves from unexpected illnesses in old age as the country moves toward an ageing society. Insurance industry players said medical claim payouts had increased in the last two years, with a surge of 14.9%, from RM13.4bil in 2022 to RM15.4bil last year. They also pointed to the 41.4% hike in disability payments and a 26.2% rise in...

April 22, 2024
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22Apr

Australian pension majors line up against Woodside ahead of AGM climate vote

Two of Australia's largest pension funds said on Monday they are voting against Woodside Energy's climate plan, ahead of its annual meeting on Wednesday, where the company's chairman is facing rare opposition from major investors. Aware Super, which manages A$170 billion ($109 billion) has voted against Woodside's climate transition action plan and the re-election of chair Richard Goyder to signal its displeasure over the company's efforts to cut emissions, according to a statement on Monday. “This decision has not been taken...

April 22, 2024
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19Apr

US. House committee advances resolution to overturn SEC climate rule along party lines

Republicans on the House Financial Services Committee advanced a resolution to overturn the SEC’s climate disclosure rule, in addition to advancing several other resolutions aimed at rolling back various Biden administration rule-making. “Let us make no mistake, the commission finalized this rule despite no clear authorization from Congress,” said Rep. Bill Huizenga, R-Mich., who introduced the resolution to overturn the SEC’s climate rule, at the markup April 17. The Congressional Review Act allows Congress to disapprove, by a simple majority vote, a final...

April 19, 2024
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19Apr

UK. How TPR rates trustees on climate action

Analysis by the Pensions Regulator (TPR) has found that more than 60% of climate reports by pension schemes had some form of net zero goal with a target date of 2050 or earlier. Schemes with more than £1bn in assets under management have been required to publish climate reports since 2022. TPR has analysed a selection of 30 reports and published its findings last week to help raise standards across industry. More than 60% of TPR’s sample had some form of...

April 19, 2024
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19Apr

Job losses has Nigerians turn to pensions for lifeline

Pension savings have become an immediate lifeline for Nigerians as rising unemployment forced more people to draw on their balances for day-to-day expenses. This development has seen workers in both the public and private sectors who lost their jobs fall back on pension savings to survive current economic hardships. Data from the National Pension Commission shows that at the end of the fourth quarter of 2023, a total 10,307 Retirement Savings Account (RSA) holders, otherwise called contributors, requested to access 25 percent of their balances...

April 19, 2024
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18Apr

US. Pension funds, hedge funds must up game on liquidity in stressed markets — FSB

Pension funds, hedge funds and other non-bank market participants need to up their game when it comes to liquidity preparedness in times of marketwide stress, the Financial Stability Board said. A consultation paper published on April 17 by the FSB, an international body that monitors the global financial system and makes recommendations, identified weaknesses in risk management and governance as key causes of inadequate liquidity preparedness by some market participants during recent periods of liquidity stress in markets. The report highlighted recent...

April 18, 2024
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18Apr

British trade unions lose appeal over $24 billion cost of pension reform

Two British trade unions on Wednesday lost an appeal over changes to public sector pensions they argued allows the government to unlawfully pass the 19-billion-pound ($23.7 billion) cost of pension reforms on to workers. The Fire Brigades Union (FBU) and the British Medical Association (BMA) said Britain's finance ministry was effectively making members of newer pension schemes foot the bill for its own mistake. A judge at London's High Court had dismissed the two unions' case in March last year. The...

April 18, 2024
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18Apr

Only 26pc Of Kenyans In Employment Save For Retirement

Kenyans in the labour force have been urged to join pension schemes and start their contributions, which would enable them to have a stable future once they exit their employments. According to the Retirement Benefits Authority (RBA), only 26 per cent of people in the labour market were saving for retirement, meaning that in every 10 Kenyans in the labour service, 7 were likely to live in poverty after retirement because the appreciation of saving for retirement is not well...

April 18, 2024
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18Apr

The Future of a Hyper-Aging Society Navigated by Well-Being Technology

Today, humanity is experiencing a paradigm shift and transitioning to a new era. We live in a world where every person’s well-being - the happiness of the body and mind - is impacted by social environments born of numerous changes, including an aging and increasingly diverse society, changes to how and where we work, and outbreaks of emerging diseases. This changing panorama is raising people’s interest in well-being technology, as well as its value and importance. “Well-being technology” describes...

April 18, 2024
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