News Archives - Page 416 of 957 - Pension Policy International

22JunJune 22, 2022

Japanese corporate pension funds: risks growing for Asia’s emerging markets

Relying on high-growth markets is not showing the results it once did - and the current situation is posing more questions than answers, says one corporate pension fund manager. Corporate pension funds in Japan are struggling to identify the best allocation strategies as the knock-on from distruptive events globally is being felt in Asia's emerging markets, according to leading pension funds. With China’s economy challenged by lockdowns and general repercussions from the Covid-19 pandemic, as well as regulatory interventions that have...

June 22, 2022

News2022, Investment, Japan, Pension Management

21JunJune 21, 2022

Portugal. “Historic increase” in pensions

The Prime Minister has assured that the Government will comply with the law and in 2023 there will be a “historic increase” in the value of pensions as a result of the drastic rise in inflation and the high economic growth registered this year. This perspective on the evolution of pensions in the coming year was passed on by António Costa at a CNN Portugal conference, which included a special broadcast of the program “The Principle of Uncertainty”. Asked by journalist...

June 21, 2022

News2022, Portugal, Public Pensions

21JunJune 21, 2022

US. Senate Version of SECURE 2.0 Set to Move Forward

The Senate version of SECURE 2.0, titled the “Enhancing American Retirement Now (EARN) Act,” is scheduled for mark up Wednesday morning. The news comes two weeks after Senators Patty Murray, D-Wash., and Richard Burr, R-N.C., introduced a SECURE 2.0-like bill titled the “Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act.” “Americans deserve dignified retirements after decades of hard work, and our bill is an important step forward,” Senate Finance Committee Chair Ron...

June 21, 2022

News2022, Regulation, Social Security, US

21JunJune 21, 2022

UK. LCP launches state pension NICs calculation tool

Consultants LCP have launched a tool to help the public calculate if they can benefit from topping up the new state pension by paying voluntary national insurance contributions. The amount of state pension an individual receives depends on their record of NICs and for those who reached pension age after April 5, 2016, the full flat rate pension is currently £185.15. However, for various reasons some people may receive less than this amount, and, in some cases, they may be able to...

June 21, 2022

News2022, Innovation, UK, Voluntary Savings

21JunJune 21, 2022

US. PennPSERS commits $350 million to alts

Pennsylvania Public School Employees' Retirement System, Harrisburg, approved two new alternative commitments totaling up to $350 million. The $75.9 billion pension fund's board at its June 17 meeting approved commitments totaling up to $250 million to GCM U.S. Partnership Opportunities, a private infrastructure fund managed by GCM Grosvenor, and up to $100 million to venture capital fund Greenoaks Capital Opportunities Fund V, spokeswoman Evelyn M. Williams said in an email. Penn PSERS previously committed up to $100 million to Greenoaks Capital...

June 21, 2022

News2022, Investment, US

21JunJune 21, 2022

Are You Setting Yourself Up For Unhealthy Aging?

Health experts anywhere, including those in the Federal government tell us we need to move more, sit less and eat a healthy diet, especially as we age. Yet, the majority of adults over 65 aren’t following these guidelines. What’s stopping ordinary folks from following this advice? Over half of American seniors are not getting the recommended 150 minutes a week of aerobic exercise. 150 minutes can mean walking briskly for 30 minutes five days a week. One can cut...

June 21, 2022

News2022, Aging, Health

20JunJune 20, 2022

UK. State pension age increase doubles poverty rate among pensioners

Nearly 100,000 65-year-olds fell into poverty as the state pension age rose from 65 to 66, depriving them of an income of £142 per week as the government saved £4.9bn. According to research by the Institute for Fiscal Studies (IFS) the latest increase in state pension age from 65 to 66 meant that the absolute income poverty rate for 65-year-olds rose by 14 percentage points, or nearly 100,000 people, to reach 24% by late 2020. The higher state pension age also...

June 20, 2022

News2022, Income, Regulation, Retirement Age, UK

20JunJune 20, 2022

U.S. high yield takes a fall

By Larry Rothman With high inflation persisting, the Federal Reserve recently raised short-term interest rates by 75 basis points, the largest one-time increase since 1994. As the Fed continues hiking rates, this raises the risk that the central bank will go too far in combating inflation and tip the U.S. economy into a recession. As a result, high-yield spreads could widen further than they already have this year since cash flow would come under pressure, raising the risk of financial...

June 20, 2022

News, OP Ed2022, Pension Management, Returns, US

20JunJune 20, 2022

Gustavo Petro and Francia Márquez: A new era for Colombia

"What is coming here is real change, real change," Colombia's new President-elect, Gustavo Petro, promised his cheering supporters at his victory speech on Sunday night. As the country's first-ever left-wing leader - with a running mate, Francia Márquez, who will become the first black vice-president - Mr Petro's belief that Colombia has voted for change is hard to deny. Even before his victory, the country had voted for a departure from the status quo, with the outgoing president's nominated candidate failing...

June 20, 2022

News2022, Colombia, Pension Reform, System sustainability

17JunJune 17, 2022

US. Stock market’s fall has wiped out $3 trillion in retirement savings this year

The U.S. stock market rout that has put U.S. equities in a bear market isn't just reducing the net worth of billionaires like Elon Musk and Jeff Bezos. It's also taking a toll on Americans' retirement savings, wiping out trillions of dollars in value. The selloff has erased nearly $3 trillion from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. By her calculations, 401(k) plan participants have lost about $1.4 trillion...

June 17, 2022

News2022, Investment, Pension Management, Risk, US

June 2022