Slider Archives - Page 361 of 454 - Pension Policy International

22AugAugust 22, 2018

Japan. The World’s Biggest Pension Fund Needs U.S. Bull Run to Last

The world’s biggest pension fund, always a giant within its home country of Japan, has been expanding its reach in other stock markets -- and becoming increasingly dependent on a U.S. bull run that’s poised to be the longest in history. The $1.4 trillion Government Pension Investment Fund has doubled its foreign shares since a strategy overhaul in 2014, and is now a top 10 holder in more than 260 companies outside Japan, according to a Bloomberg analysis of GPIF’s...

August 22, 2018

News, Slider2018, Japan

22AugAugust 22, 2018

South Africa Labor Unions Push for New State Pension-Manager Law

South Africa’s main labor group is pushing parliament to adopt proposed changes to laws regulating the continent’s biggest money manager, which oversees state workers’ pensions, to make it more accountable and give unions representation on its board. Parliament’s finance committee is processing the Public Investment Corp. Amendment Bill, but the Congress of South African Trade Unions fears the state’s decision to appoint a commission to investigate the fund manager’s governance and operating model could derail its adoption. The commission will...

August 22, 2018

News, Slider2018, South Africa

22AugAugust 22, 2018

Ireland. New compulsory pension scheme capped at €75,000

Private sector workers earning more than €20,000 a year will be automatically enrolled in the new scheme, which will see the Government contribute €1 for every €3 put into a State-run pension fund. Workers will not be able to opt out of the system for at least nine months. Employees earning more than €75,000 can contribute to the scheme but they will not be able to put any earnings above the salary cap into their pension pots. Workers earning less than €20,000...

August 22, 2018

News, Slider2018, Ireland

21AugAugust 21, 2018

Three behavioural barriers to solid retirement planning, and how you can overcome them

I read with great interest a recently released Ontario Securities Commission (OSC) report entitled Encouraging Retirement Planning through Behavioural Insights. It provides strategies for governments, employers, financial advisers and those planning for retirement to implement to make it easier to become financially independent. Behavioural finance has risen to prominence recently, in part because of the work of “nudge” economist Richard Thaler, who won the Nobel Prize last year for his pioneering work in the field of behavioural economics. There can...

August 21, 2018

News, Slider2018

21AugAugust 21, 2018

LGBTQ Investors Need to Consider Longevity, Liquidity, and Legacy

Around the world, LGBTQ couples’ legal and financial rights vary depending on where they live. While their equal rights are legally enshrined in Switzerland and the U.K., they aren’t recognized or protected in Singapore and Hong Kong. In the U.S., rights vary from state to state. Yet, even in countries where the LGBTQ community has full equal rights, they still face special challenges when it comes to financial planning, according to a UBS report released Monday. One key factor that affects...

August 21, 2018

News, Slider2018, LGBTQ

21AugAugust 21, 2018

Nigeria. Pension: Over 37.3m adults face risk of old age poverty

Over 37.3 million adults in the informal sector face the risk of old age poverty, as the informal sector workers are isolated from the formal pension arrangements. Chairman of Pension Fund Operators Association of Nigeria, PenOp, Ronke Adedeji, who disclosed this said that 18.4 million adults which represent 19.1 percent of the total adult population, have farming as their main source of income while 18.9 million adults which represent 19.6 percent of the total adult population get their income...

August 21, 2018

News, Slider2018, Nigeria

20AugAugust 20, 2018

UK. An ageing population is posing problems that Britain cannot ignore

A report last week from the Office for National Statistics projected that by 2066 a quarter of the UK population would be aged 65 or over. Whereas in 2016 there were 1.6 million people (or 2 per cent of the population) aged 85 or over, by 2066 the number is projected to rise to more than five million (or 7 per cent). The ageing of society is happening in every region of the world. Both in Britain and globally, it...

August 20, 2018

News, Slider2018, UK

20AugAugust 20, 2018

Taiwan’s PSPF grants US$1 billion funding for two global mandates

Taiwan’s Public Service Pension Fund (PSPF), a mandatory defined-benefit scheme for civil servants, teachers and military personnel, has granted US$1 billion of funding to seven foreign asset managers for its two most recent global mandates. JP Morgan Asset Management, AllianceBernstein LP and Schroders plc, which were selected a year ago to oversee the fund’s $600 million global multi-asset mandate, each received $200 million, according to the PSPF’s latest monthly report posted on its website. The pension fund also awarded $100 million...

August 20, 2018

News, Slider2018, Taiwan

20AugAugust 20, 2018

UK. Pensions watchdog forced to drop fines against fund trustees

The Pensions Regulator (TPR) admitted in an update published this month that the penalties were revoked between April and June this year. The sanctions were slapped on trustees for producing inadequate reports for members setting out how they are governing savers’ money, including explaining costs and charges. TPR admitted in its report that it revoked the 74 fines in the period “due to a time delay on our part in explaining to schemes why their statement was not compliant with the...

August 20, 2018

News, Slider2018, UK

20AugAugust 20, 2018

Thailand. We’re not nearly ready for the ageing society

As the dwindling workforce compounds looming challenges, there are examples of sound measures to follow Thais are not ageing faster than other nationalities, but the challenges we face with the ballooning population of senior citizens are compounded by a tendency to retire early from the workforce and move into “slow life” mode. A recent report said Thailand could face a serious manpower crisis sooner than other countries with ageing societies. It’s become clear that the present and future governments will...

August 20, 2018

News, SliderThailand

August 2018