July 2022
11Jul

UK. Guy Opperman reappointed pensions minister

Guy Opperman has agreed to return to his pensions minister post until a new leader of the Conservative party is elected. Opperman announced his reappointment as parliamentary under secretary of state at the Department for Work and Pensions on Twitter on July 8, a day after resigning from his post when he said the government could no longer function and asked prime minister Boris Johnson to step down from office. “[I] have agreed to help DWP navigate the next few weeks,...

July 11, 2022
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11Jul

Government creates multisectoral commission to evaluate the Peruvian pension system

The Executive ordered the creation of a temporary multisectoral commission, dependent on the Presidency of the Council of Ministers, which will be in charge of preparing the technical reports that contain an evaluation of the Peruvian pension system, as well as a normative proposal to create the new pension system. pensions. The task of the working group created by Supreme Decree No. 081-2022-PCM, which was published in the newspaper El Peruano, will be to prepare a technical report containing an...

July 11, 2022
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11Jul

World Population Day 2022: The impact of a rapidly ageing population on the world as we know it

World Population Day is observed on July 11 every year and the theme for World Population Day 2022 is "A world of 8 billion: Towards a resilient future for all – Harnessing opportunities and ensuring rights and choices for all”. There have been growing concerns over the dynamics of the world’s population. According to the World Health Organization (WHO), by 2050, the world’s population aged 60 years and above will double to about 2.1 billion people. Due to people worldwide...

July 11, 2022
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11Jul

US. Crypto plunge is cautionary tale for public pension funds

The plunge in prices for Bitcoin and other cryptocurrencies in recent weeks provides a cautionary tale for the handful of public pension funds that have dipped their toes in the crypto pool over the past few years. Most have done it indirectly through stocks or investment funds that serve as proxies for the larger crypto market. A lack of transparency makes it difficult to tell whether they’ve made or lost money, let alone how much, and for the most...

July 11, 2022
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11Jul

Finns consider immigration best way to consolidate pension system – Survey

Raising the pension contributions of employees and employers was the second most popular means to consolidate the funding of pensions, with 34 per cent of respondents regarding it as a good or fairly good idea and 35 per cent as a bad or fairly bad idea. A little over a quarter (26%) of respondents voiced their support for and 37 per cent their reservations about taking on greater risks when investing pension funds. “Finns are somewhat surprisingly not supportive of...

July 11, 2022
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08Jul

U.K. Government resignations throw pensions into ‘turmoil’

Collapsing scenery in and around Downing Street has sparked fear in the pensions industry, as the resignation of pensions minister Guy Opperman brings important reforms to a halt. Opperman announced his resignation on the morning of July 7, becoming the 51st MP to quit their government role in protest at prime minister Boris Johnson’s leadership. In his resignation letter, Opperman spoke of his pride at the reforms he stewarded during his five-year tenure as pensions minister, including the Pension Schemes Act...

July 8, 2022
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08Jul

US. Study Finds Disconnect Between Actual and Perceived Retirement Risks

Retirees face many financial risks, such as outliving their money, investment losses and unexpected health expenses, but a new study finds that they may be overestimating some risks while underestimating others. In How Well Do Retirees Assess the Risks They Face in Retirement? by Wenliang Hou, a quantitative analyst at Fidelity Investments and former research economist at the Center for Retirement Research at Boston College, the study develops a lifecycle model of a typical retired household facing five categories of...

July 8, 2022
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08Jul

Prioritising sustainability and responsible investing in finance

Sustainability is not a separate strategy at KBC Asset Management, but an integral part of the overall workings of the KBC Group. As such, sustainability is embedded in KBC’s corporate strategy, central to our relationship with our clients as we strive to offer them a unique bank-insurance experience. We are convinced that our strategy – powered by our business culture and the contributions made by our people – is instrumental in earning, keeping and growing trust day by day. It’s...

July 8, 2022
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08Jul

UK. 90% of savers would use digital pensions dashboard

Nine in 10 savers would use a digital pensions dashboard if it gave them a consolidated view of their pensions, savings and investments, according to research from The Investing and Saving Alliance and EY. The report, based in part on interviews with more than 20 senior executives from across the financial services industry, found that 90 per cent would use a dashboard if it consolidated that financial information, while 94 per cent of those currently using a dashboard would use...

July 8, 2022
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07Jul

U.K. pensions minister Guy Opperman resigns

Guy Opperman, the U.K.'s longest-serving pensions minister, resigned Thursday amid a wave of top officials departing in the lead up to Prime Minister Boris Johnson stepping down. In his resignation letter to Mr. Johnson, Mr. Opperman said that the U.K. government "simply cannot function with you in charge." "It should not take the resignation of 50 colleagues, but sadly the PM has left us no choice. He should resign," Mr. Opperman said in the letter. Mr. Opperman became parliamentary under secretary of...

July 7, 2022
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