News Archives - Page 932 of 950 - Pension Policy International

20AprApril 20, 2017

UK. Ready or not – a new data protection regime is coming

The pensions industry has one year to prepare for new regulations coming its way. Europe's new data protection legal framework is set out in the General Data Protection Regulation (GDPR) which will come into force in all EU Member States on 25 May 2018, including the UK. While the changes are not radically different to the current legal requirements, there are important developments that the pensions industry needs to be aware of ahead of May 2018. Key points 1. A new...

April 20, 2017

NewsUK

20AprApril 20, 2017

Kenya to launch universal pension scheme in January 2018

Everyone in Kenya over the age of 70 will be entitled to a new, guaranteed monthly income after the country’s Cabinet Secretary of Finance, Henry Rotich, announced the launch of a universal pension in January 2018. Kenya follows in the footsteps of Tanzania’s semi-autonomous island Zanzibar, which became the first location in east Africa with a fully state-funded universal pension last April. Making the announcement in his 2017/18 budget speech yesterday (30 March), Mr Rotich revealed that people above 70 will...

April 20, 2017

NewsKenya

19AprApril 19, 2017

House GOP bill would give Trump greater power over Wall Street regulation

A sweeping House GOP bill would give the president new powers that could limit the independence of certain regulatory agencies. House Financial Services Chairman Jeb Hensarling last week unveiled an outline of his bill aimed at dismantling the 2010 Dodd-Frank financial regulatory reform. At the top of Republicans' long wish list: handing the president authority to fire the heads of the Consumer Financial Protection Bureau, a consumer watchdog agency, and the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae...

April 19, 2017

NewsUS

19AprApril 19, 2017

Vizor Software Selected by the Pensions and Insurance Authority Zambia

Today, Vizor Ltd announced that its regulatory reporting solution will be implemented at the Pensions and Insurance Authority of Zambia (PIA), where it will be used to strengthen and enhance the regulatory capacity of the PIA by enabling all regulated entities to electronically submit and manage: 1. Applications for registration & licensing of regulated entities; 2. Applications for authorization of appointments, and fit & proper persons; 3. File and Use applications for products, reinsurance treaties, and investment policy; and, 4. Audited Annual Financial...

April 19, 2017

NewsZambia

19AprApril 19, 2017

BMW strike continues in the UK and Mini car production halts

Workers at three BMW plants in the UK are staging a one-day strike in a row over pensions. The walkout, the first by BMW staff in Britain, is part of a wave of stoppages at the carmaker over the closure of a final-salary pension scheme. The Unite union, which organised the action that has halted output of the Mini, called the strike a last resort and accused BMW of "pension robbery". BMW urged the union to return to the negotiating table. According to...

April 19, 2017

NewsUK

19AprApril 19, 2017

Uganda: Reforms – Will Pensioners Benefit From NSSF’s Loss of Monopoly?

The Finance Committee of Parliament has been receiving views on the proposed plans to liberalise the pension sector in Uganda. And what has been the dominant topic is ending the monopoly of the National Social Security Fund (NSSF). Indeed, a closer look at the Liberalisation Bill, there is a clause that recommends the repeal of the NSSF Act. Among the many things faulted in the country's economy is the low level of domestic savings. The low savings have been blamed for...

April 19, 2017

News, OP EdUganda

19AprApril 19, 2017

As the Clock Ticks, Senate Stalls on State-Run Retirement Plans

Late last month, Congress voted to overturn an Obama-era rule that cleared the way for cities to create retirement programs for private-sector workers that didn't have one through their employer. But a similar resolution targeting the rule as it applies to states is stuck. For the past three weeks, that resolution has lingered in uncertainty as the Senate stalls on taking an up or down vote. Many believe that signals an opportunity. "Based on the conversations we've had with staff and...

April 19, 2017

NewsUS

19AprApril 19, 2017

Brazil waters down pension reform as protests turn violent

Brazilian President Michel Temer on Tuesday made new concessions to ease passage of an unpopular pension reform bill, leading police unions to try and invade Congress in the latest angry demonstration from a labor group. The watered-down proposal, which has faced pressure from skittish lawmakers, has raised doubts among investors about how close it will come to the original goal of narrowing a huge and growing budget deficit. After the details of the new proposal were revealed on Tuesday, protesting police...

April 19, 2017

NewsBrazil

19AprApril 19, 2017

NPRA baits informal workers

The National Pensions Regulatory Authority (NPRA) has slashed the registration fee for corporate trustees wishing to operate in the informal sector from GH¢5,000 to GH¢1,000, as part of measures aimed at enticing more trustees to rope non-formal workers into the pension scheme. The authority has also reduced the individual trustee informal sector licensing fee from GH¢5,000 to GH¢500. The measures, which took immediate effect, are expected to help encourage high participation of corporate trustees in the informal sector. The reduction in the...

April 19, 2017

NewsGhana

19AprApril 19, 2017

Violence will not slow down pension reform: President Tsai

President Tsai Ing-wen (蔡英文) said on Wednesday at the Presidential Office, with anti-pension reform demonstrators protesting outside the Legislative Yuan, that violence will not be allowed to slow down pension reform and anyone who engages in violence will be held accountable for their actions. Following an overnight sleepover protest against pension reforms, protesters composed mainly of public servants, teachers and military personnel rallied outside the Legislative Yuan complex on Wednesday, shouting anti-pension reform slogans, blocking legislators from entering the complex...

April 19, 2017

NewsTaipei

April 2017