May 2021
21May

Canada Pension Plan Investment Board eyes assets in shift to clean energy

The Canada Pension Plan Investment Board (CPPIB) is hunting for investments in the world’s transition to renewable energy as it aspires to be a global leader in sustainability, the head of the company told Reuters on Thursday. “One of the keys here is investing in the transition with a view that for the world to transition to a zero carbon world, many of the existing conventional players are going to be leaders in the future,” John Graham, president and chief...

May 21, 2021
News, ,
Read more...
20May

African Demographics Changing Rapidly, Forcing To Re-Think Pensions

Africa has long been known for its youthful population, and while the continent will continue to have the largest youth cohort in the world, they’ll live longer than their forebearers, according to the latest Bright Africa pensions research from RisCura, a global investment firm. Read also Investing in an Ageing Population The research shows that longevity expectations have changed dramatically, thanks to better nutrition, medical advances and overall improvements in the general standard of living. Read also Shock retirement numbers for South...

May 20, 2021
News, Slider, , , ,
Read more...
20May

Pensions in Germany to rise by average of 5 percent next year

After seeing their benefits stagnate in 2021 due to the economic impact of the coronavirus pandemic, pensioners in Germany can look forward to an increase next year. The government is also changing the way benefits are calculated, which could mean a permanent increase for pensions in Germany. More money in German pensioners’ pockets Every year, the German federal government makes a so-called pension adjustment (Rentenanpassung), based on the development of salaries in the previous year. A few weeks ago it was...

May 20, 2021
News, Slider, , ,
Read more...
20May

UK. TPR sets three priorities in its new corporate plan

The Pension Regulator (TPR) laid out three priorities for the next three years in its new corporate plan. Implementing the Pension Schemes Act, combating scams and developing a framework to measure value for money will be the objectives of TPR over the next three years. The regulator sees these three objectives as the continuation to its response to economic uncertainty following the Covid-19 pandemic. The plan also provide information to the industry about how TPR’s work will be measured. TPR has set itself...

May 20, 2021
News, Slider, , ,
Read more...
20May

Retirement Planning Not A Priority For New Zealanders

While it’s a dream for many to be able to retire and have plenty of savings in the bank, that’s not the reality for many Kiwis. While the government does offer a pension, it’s not a lot of money, so if we want to be able to maintain the lifestyle we had while working, a large amount of savings is required. However, many Kiwis are leaving it too late to save up enough to make them comfortable in their later...

May 20, 2021
News, Slider, ,
Read more...
20May

Shock retirement numbers for South Africa

Representatives of the retirement and savings industry presented their submissions to parliament on Wednesday (19 May) on the Democratic Alliance’s proposed Pensions Funds Amendment Bill. The bill aims to amend the current Pension Funds Act to allow pension fund members to obtain a loan, secured by a guarantee from a registered pension fund, to alleviate financial pressure during an emergency. In this case, the bill makes direct reference to the Covid-19 emergency or any other emergency similar to Covid-19. By enabling a...

May 20, 2021
News, Slider, ,
Read more...
19May

China turns to private insurers to help unlock US$15.3 trillion of savings and avert a crisis in state pension system

This is the 11th in a series of stories about China’s once-a-decade census, which was conducted in 2020. The world’s most populous nation released its national demographic data on May 11, and the figures will have far-reaching social policy and economic implications. Read also China population: state pension fund under pressure from ‘unprecedented challenge’ as nation gets older Some of China’s biggest insurers are relishing the opportunity to unlock US$15.3 trillion of private savings, the size of the world’s second-largest economy,...

May 19, 2021
News, Slider, , ,
Read more...
19May

UK. Regulators ask industry for help on improving pension saving

The City watchdog and the Pensions Regulator have teamed up to investigate how people make decisions about their pension at key points throughout their working lives, in order to better support savers through future regulation. Read also UK. TPR sets three priorities in its new corporate plan The regulators today (May 18) launched a call for input from the pension industry on what influences consumers when saving into a pension and how they can be better supported to improve their pension...

May 19, 2021
News, Slider, , , ,
Read more...
19May

US. What a Year Without Retirement Savings Can Do to Participant Outcomes

As americans faced financial hits related to the COVID-19 pandemic, their retirement savings might have suffered. Many employees were laid off or furloughed, and the Coronavirus Aid, Relief and Economic Security (CARES) Act made it possible for retirement plan participants to tap into their savings through increased distribution and loan amounts if they needed the money to make ends meet. Read also Retirement Planning Not A Priority For New Zealanders Fidelity Investments’ Pandemic Impact research, conducted last September, found employees were...

May 19, 2021
News, Slider, ,
Read more...
19May

Investing in an Ageing Population

The world’s population is undeniably ageing. By 2050 there are likely to be 1.5 billion people aged 65 or over on the planet, up from 703 million in 2019. A report by the United Nations Department for Economic and Social Affairs estimates that by 2100 some 61% of the world’s population will be over 65. Already today, those in this age group represent more than a fifth of the population in 17 countries and by 2100 this will be...

May 19, 2021
News, Slider, ,
Read more...