News Archives - Page 855 of 951 - Pension Policy International

28FebFebruary 28, 2018

UK. Generational battle lines harden over pensions

If the personal finances of every household could be ranked, the period following the 2008 financial crisis puts the baby boomer on top. There is a counterpoint to this, say campaigners for older savers, which is the level of interest rates over the period. Surely a decade of ultra-low rates favours borrowers and most of them are young. Likewise, final salary pension schemes, dominated as they are by the older generation, have struggled to bring down their deficits as low...

February 28, 2018

News, SliderUK

28FebFebruary 28, 2018

Czech Republic. Government approves changes to pensions’ level

Old-age pensions of people over 85 will be increased by 1,000 crowns a month as of January 2019 based on an amendment to the pension law approved by the Czech cabinet on Tuesday. The bill is yet to go through the parliament. The bill brings a change to the fixed part of the pensions which is the same for everyone. It should be increased to 10 percent of the average salary from the current 9 percent. The national average pay is currently...

February 28, 2018

News, SliderCzech Republic

28FebFebruary 28, 2018

Ireland. From 2022, workers will be ‘auto enrolled’ on pension savings schemes

On a very snowy day for many parts of the country, the government has announced major changes to the pensions system in Ireland, with an automatic enrollment system one of its key features. From 2020, a new State pension system will come into place based on a “total contributions approach” where a person’s lifetime contribution will more closely match the benefit they receive. In the future, the government will aim to keep the state pension at a level of 34% of...

February 28, 2018

News, SliderIreland

27FebFebruary 27, 2018

Occupational pension schemes in Mexico

What are the most common types of pension scheme provided by employers for their employees in your jurisdiction? By means of withholding, employers must pay: social security fees to the Mexican Social Security Institute; housing fees to the National Workers' Housing Fund Institute; and retirement fees to the Retirement Savings System. Read More: Lexology

February 27, 2018

NewsMexico

27FebFebruary 27, 2018

Retire at 55? In Brazil, It’s the Norm. But Can the Good Times Last?

In much of the world, workers would find it hard to imagine being able to retire at 55, earning 70 percent of their final salary for the rest of their lives. But in Brazil, that has been the norm for decades, which helps explain the abundance of silver-haired joggers along Copacabana Beach in Rio de Janeiro at 11 a.m. on a recent weekday. It also accounts for about a third of all government spending in Brazil, and contributed to a record...

February 27, 2018

News, Slider

27FebFebruary 27, 2018

Taiwan military veterans clash with police in pension protest

Protesters including senior military veterans pushed down a gate to Taiwan's parliament building Tuesday and clashed with police as they tried to storm in over pension cutbacks. One former colonel was in a critical condition in hospital after attempting to climb a wall and falling. The protests were sparked by government plans to reform the military pension system, part of a wider pension cutbacks programme which triggered mass protests last year. Legislators passed a pension reform bill last June, cutting...

February 27, 2018

News, Slider

27FebFebruary 27, 2018

China’s pension funds stable, sufficient for 17.3 months

China's social security fund is stable overall despite deficits in certain places, said You Jun, vice minister of Human Resources and Social Security at a press conference on Monday. The total social security fund -- which consists of five major social security insurance programs, including medical and unemployment -- stood at nearly 7.6 trillion yuan at the end of last year, compared with 6.6 trillion yuan in 2016 and 5.9 trillion yuan in 2015. Pension funds drew 3.27 trillion yuan in...

February 27, 2018

News, SliderChina

26FebFebruary 26, 2018

India. Retirement plan: How real estate investment can help millennials secure their future

Game changers, disruptors, early adopters and digital pioneers – these are some of the epithets that Indian millennials sport with pride, and why not! They have been championing the cause of a more technology-driven India, setting the ground rules for the ongoing digital transformation. Market trends lie at their mercy, and they have both the power and the desire to greatly influence consumption patterns. Armed with evolved sensibilities and a global outlook, they are vastly different from the generations...

February 26, 2018

News, SliderIndia

26FebFebruary 26, 2018

Nigeria. Uduanu: It is Time to Relax Pension Fund Investment Guidelines

The Managing Director and Chief Executive Director, Sigma Pensions, Mr. Dave Uduanu in this interview, spoke extensively on the progressive reforms in the pensions industry and how pension funds can impact the lives of Nigerian citizens. Nume Ekeghe presents the excerpts: Being that we are still in the first quarter of the year, what is your outlook for the pensions industry for 2018? We expect growth to continue in the pension industry. The industry is now growing at about 20 per...

February 26, 2018

News, SliderNigeria

23FebFebruary 23, 2018

US. State pensions and fund companies feel heat over their investments in gun makers

A fresh wave of scrutiny is washing over big state employee pension funds and money managers that invest in shares of gun makers one week after the deadly shootings in a Florida high school. New Jersey state lawmakers on Thursday moved to restrict the state's public pensions from investing in the stocks of gun manufacturers. The world's biggest asset manager, BlackRock, which is among the biggest shareholders of gun makers, said it would "engage" with the companies on their response...

February 23, 2018

News, Slider

February 2018