News Archives - Page 451 of 983 - Pension Policy International

24MayMay 24, 2022

Bangladesh. Is a Universal Pension Scheme viable?

The role of an inclusive pension system in any society is increasingly important to ensure that future retirees will have sufficient funding to retain their standard of living at the end of their working life. However, the newly proposed Universal Pension Scheme (UPS) in Bangladesh, result of Awami League's 2018 election manifesto, is simplistic and grossly discriminatory. The scheme does not consider Bangladesh's unique financial and socio-economic context and will create further strain on the government's fiscal management. Even...

May 24, 2022

News2022, Bangladesh, Pension design

24MayMay 24, 2022

Ghana. 4 Bodies Collaborate To Give Drivers Pension & Insurance Package

Westom Insurance Brokers in collaboration with People's Pension Trust (PPT), Prudential life Insurance and Premier Health Insurance has launched a pension and an insurance package for members of the Ghana Private Road Transport Union (GPRTU). Known as the ‘Anidaso Plan’, the package offers three in one Pension/Life insurance/Health Insurance plan to members. It also covers the principal’s immediate dependents, that is, spouse and children. The ‘Anidaso Plan’ is a comprehensive pension and insurance package that has been specially designed to offer...

May 24, 2022

News2022, Ghana, Informal Sector

23MayMay 23, 2022

U.K. pools gaining critical mass, and investment choices

U.K. investment pools formed seven years ago to streamline the investment process for local government pension funds are now building up sizable assets, as well as facing challenges that range from diversification to climate change reporting. Local government pension schemes, or LGPS, "are still moving funds and the pools are still building up asset classes," said Colin Cartwright, an Aon PLC partner in London who consults with both LGPS and corporate clients. He expects to see more funds transferred into...

May 23, 2022

News2022, ESG, Investment, UK

23MayMay 23, 2022

India. National Pension System: All NPS schemes will now indicate risk profiles

In order to enable National Pension System (NPS) subscribers to make informed decisions on allocating their contribution in various asset classes, pension funds will have to disclose risk profiling of all the schemes on their websites within 15 days from the close of each quarter. The Pension Fund Regulatory and Development Authority (PFRDA) has issued guidelines underlining six levels of risks—low, low to moderate, moderate, moderately high, high and very high. Based on the scheme characteristics, pension funds will have...

May 23, 2022

News2022, India, Regulation, Risk

23MayMay 23, 2022

ESG factors increasingly put into hedge funds

Interest and investment in hedge funds that incorporate environmental, social and governance factors are on the rise among U.S. investors, although demand still trails that of European investors. While some hedge fund firms have included one or more ESG factors in their investment strategies for years or have created dedicated ESG funds, others still are evaluating the efficacy and return potential of investment in portfolio companies that meet ESG standards, sources said. "There are two ways to do ESG. You can...

May 23, 2022

News2022, ESG, EU, Investment, US

20MayMay 20, 2022

China’s private pension scheme to draw US$17.8 billion a year from savings accounts into asset management

China’s newly expanded private pension scheme will inject at least 120 billion yuan (US$17.8 billion) a year into the country’s asset-management market, according to analysts, as China Citic Bank becomes the first Chinese lender to apply for a licence to offer pension accounts in the scheme’s pilot programme. Read Also China: Big Four banks to pilot private pension scheme Under the scheme, unveiled in April, workers will be able to deposit up to 12,000 yuan per year into personal accounts that...

May 20, 2022

News2022, China, Investmwnt, Private Pensions

20MayMay 20, 2022

UK. People with disabilities ‘have pension savings worth third of average pot’

Pension savers with disabilities typically have savings worth only around a third of the average pot as they approach retirement, a study has found. People aged 60 to 64 with a disability have £47,980 saved on average, according to research by the Pensions Policy Institute. This is only around 36% of the average UK pension pot size of £130,928 – a difference of nearly £83,000. The research was commissioned by pension provider NOW: Pensions, which said there are just over four million...

May 20, 2022

News2022, Equality, Labor Market, UK

20MayMay 20, 2022

CPPIB returns net 6.8% for fiscal year

Canada Pension Plan Investment Board returned a net 6.8% for the fiscal year ended March 31, the Toronto-based board announced in a news release Thursday. CPPIB, which manages the assets of the Canada Pension Plan, said the pension fund's net assets increased to C$539 billion ($431.8 billion) from C$497 billion a year ago. It added that the C$42 billion increase comprised $34 billion in net income and $8 billion in net transfers from the plan. The portfolio achieved five-year and 10-year...

May 20, 2022

News2022, Canada, Pension Management

19MayMay 19, 2022

US. DoL Urged to Help Pension Plans Make Climate Impact

US pension plans should be required to disclose sustainable investment policies, according to the US Impact Investing Alliance. The alliance has called for mandatory action by the Department of Labor (DoL) in response to a request for input on potential new climate-related rules. It said providers of 401(k) pension plans should be subject to requirements to address the financial risks and impacts of climate change. In a letter to the DoL, Fran Seegul, president of the US Impact Investing Alliance, cited research...

May 19, 2022

News2022, Climate crisis, Regulation, US

19MayMay 19, 2022

UK. MPs urged to consider state auto-enrolment credits to combat gender pensions gap

State auto-enrolment (AE) contribution credits for career breaks could “radically change” the framework of occupational pensions and help reduce the inequality of the widening gender pensions gap, Hymans Robertson has said. In an open letter to the Work and Pensions Select Committee, Hymans Robertson partner, Chris Noon, argued that whilst the introduction of AE contribution credits would be a "significant cost" to government, time away from work is the biggest contributor to the gender pensions gap and needs to be...

May 19, 2022

News2022, Gender Gap, Pension design, Regulation, UK

May 2022