Slider Archives - Page 52 of 454 - Pension Policy International

13SepSeptember 13, 2021

Germany. Pensioners can expect significantly higher pensions

Pensioners in Germany can expect a significant increase in their pay next year, according to the pension insurance fund. "I assume that the missed increase will be made up for to a certain extent next year and that pensioners will get a decent plus in 2022," Gundula Roßbach, President of the German Pension Insurance Association, told the newspapers of the Funke Media Group."How much more it will be, we won't know until next spring, because we have to look...

September 13, 2021

News, Slider2021, Adequacy, COVID-19, Germany

10SepSeptember 10, 2021

China launches wealth management product pilots for retirement in four cities

China's banking and insurance regulator said on Friday it will launch wealth management product pilots in four cities aimed at retail investors looking to boost their retirement savings. The products will be sold by wealth management units of the Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank and China Everbright Bank. The pilot products will last for a year starting from Sept. 15, and each institution involved can raise up 10 billion yuan ($1.6 billion) of products,...

September 10, 2021

News, Slider2021, China, Pension design

10SepSeptember 10, 2021

Nigeria is struggling to get informal workers to save

Between a slumping economy and gnawing inflation, Nigerians are finding life tough. Temilola Balogun, who owns a clothing shop in Lagos, the commercial capital, sighs that it is hard to save anything. This is typical: most adults in Africa’s most populous country do not pay into a pension. Few will be able to retire without being supported by their children. Read also Nigerian pension fund asset rises to N12.8 trillion as RSA contributors hits 9.4 million To change this, in 2019...

September 10, 2021

News, Slider2021, Informal Sector, Nigeria, Pension design, Saving

10SepSeptember 10, 2021

US. Pension tension: 15 states with the worst public pensions

Public pensions took a beating during the Great Recession of 2008, and a recent report from the Equable Institute showed there to be no net recovery from those losses. The report also noted that total unfunded liabilities for statewide plans had increased from nearly $100 billion in 2001 to $1.35 trillion in 2019, with an estimated 2020 total of $1.62 trillion as a result of negative cash flows and market underperformance. Unsurprisingly, the pandemic had something to do with that:...

September 10, 2021

News, Slider2021, Funding, Public Pensions, US

10SepSeptember 10, 2021

Danish pension sector adopts common climate reporting rules

Denmark’s pensions and insurance lobby announced today it has adopted a set of common climate reporting rules for the sector, as part of the ongoing work in the Nordic country to meet its 2030 emissions reduction goal. The new code – based on the comply-or-explain principle – covers CO2 emissions from investment assets, damage prevention, active ownership and the use of paper in everyday life, according to the announcement from Insurance & Pension Denmark (IPD). It has been devised as part...

September 10, 2021

News, Slider2021, Climate crisis, Denmark, Regulation

10SepSeptember 10, 2021

Jamaica. John Robinson Is New Chairman Of The FSC

The Ministry of Finance and the Public Service has announced that former Deputy Governor of the Bank of Jamaica (BOJ), John Robinson, has been appointed as the new chairman of the Financial Services Commission (FSC). Mr. Robinson is a career economist and banker with experience in the financial sector spanning more than three decades, 36 of which were spent at the BOJ up to his retirement in 2020 as Deputy Governor. During his tenure, Mr. Robinson held critical roles at the...

September 10, 2021

News, Slider2021, Jamaica, Regulation

09SepSeptember 9, 2021

Private pension plans in Latin America and sustainable finance

The private pension plan (PPP) market in Latin America is the region’s largest institutional client segment, with more than USD 900 billion in assets under management (AUM) at the end of 2020. And with projections forecasting AUM to reach USD 1.4 trillion by 2023, the PPPs are a reference point for smaller investors. Along with sovereign wealth funds (SWF), Latin America’s PPPs control a significant share of assets relative to GDP and thus can be very influential in the...

September 9, 2021

News, Slider2021, ESG, Latin America, Private Pensions, Social Protection

09SepSeptember 9, 2021

China to accelerate developing multi-tiered social security system: action plan

China will accelerate its efforts in developing a sustainable multi-tiered social security system that covers the entire population in both urban and rural areas and follows fair and uniform standards, according to the country's latest human rights action plan. Titled "Human Rights Action Plan of China (2021-2025)," the document was released on Thursday by the State Council Information Office. Read also China launches wealth management product pilots for retirement in four cities Under the principle of social security benefits for all eligible,...

September 9, 2021

News, Slider2021, China, Social Protection

09SepSeptember 9, 2021

APG launches first index funds to tap Dutch sustainability drive

APG Asset Management, the largest pension fund provider in the Netherlands, said on Wednesday it would begin offering index products and said its fund clients had pledged an initial 1 billion euros ($1.19 billion) to a low-carbon strategy. APG's asset management unit oversees around 613 billion euros on behalf of pension schemes and companies, serving 4.7 million members in sectors from cleaning to construction. In partnership with index provider Qontigo, part of Deutsche Boerse, and with BlackRock, the world's biggest asset...

September 9, 2021

News, Slider2021, Investment, Netherlands

08SepSeptember 8, 2021

UK. Pensions triple lock scrapped as another Conservative manifesto pledge broken

The pensions triple lock pledge has been scrapped for the 2022/23 financial year in another break of pledges made in the Conservative party manifesto. Read also UK. Scottish fintech firm set to help build pensions dashboard The moves announced today mean that pensions will not rise by 8% next April, but will instead rise by the rate of inflation, which currently stands at 2.5%. The triple lock ensures the state pension will increase in line with either the rate of inflation, wages,...

September 8, 2021

News, Slider2021, Public Pensions, UK

September 2021