April 2020

06Apr

Perú. Iniciativa Privada lamenta aprobación en Congreso del retiro de 25% de fondos de AFP y suspensión del cobro de peajes

A través de un comunicado, detalló que son dos proyectos de ley “con consecuencias no intencionadas muy negativas sobre el bienestar y sobre la seguridad jurídica del país, y que pueden agravar aún más la crisis económica que enfrentaremos ante la emergencia sanitaria por el Covid-19”. Enfatizó que preocupa que el Parlamento no haya tomado en cuenta las opiniones técnicas expuestas por el Ministerio de Economía, el Banco Central de Reserva (BCR) y por la Superintendencia de Banca y...

April 6, 2020
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06Apr

PPI Coverage: Coronavirus’s effects on pensions

No Country for Old Men (or Women): The Impact of Migration on Pension Funding Adequacy and Sustainability 10/09/2022 Retirement security is of paramount importance to working people. Adequate retirement income is also a leading concern for private and public pension systems. Changes in Retirement Savings During the COVID Pandemic19/08/2022 This paper documents changes in retirement saving patterns at the onset of the COVID-19 pandemic. COVID-19 Private Pension Withdrawals and Unemployment Tenures 08/07/2022 This is the first study to evaluate the...

April 6, 2020
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March 2020

12Mar

UK. Coronavirus grants pensions Budget immunity

Doctors are the people you need on your side in a time of crisis — as Wednesday’s Budget, overshadowed by the spread of the coronavirus, proved. The temporary sticking plaster Rishi Sunak provided to patch the NHS pensions taper tax crisis turned out to be much bigger than expected — a £2.2bn giveaway that will benefit the pensions contributions of all workers in the public and private sector earning up to £200,000 per year. From April, they can...

March 12, 2020
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January 2020

09Jan

Nationwide protest in France over pensions as talks continue

Rail workers, teachers, doctors, lawyers and others joined a nationwide day of protests and strikes Thursday to denounce French President Emmanuel Macron’s plans to overhaul the pension system. As the government and unions pushed on with crucial negotiations about the changes, street protests were staged in Paris and other French cities, with railway strikes entering their sixth week. Read Also Critical week in frances pension reform protests The Eiffel Tower was shut as employees joined the protest movement. Paris metro traffic was...

January 9, 2020
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09Jan

FRR names supervisory board chair

FRR, Franklin Templeton, Mercer, HSBC Global Asset Management, Veritas, AllianceBernstein, Arabesque S-Ray, Eumedion, De Nationale APF, ASR, PGB, Hermes, Netspar, Sampension, Rabobank, Kempen, UBS, Aegon, LOIM Fonds de réserve pour les retraites (FRR) – The €32.6bn French sovereign investor has a new chair of the supervisory board, with Sandrine Lemery having been appointed to the position by government decree. She was the first deputy secretary general of ACPR, the prudential authority for banks and insurers, from 2013 until the beginning of January 2019. She...

January 9, 2020
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09Jan

Inside a Pension Fund’s Search for a Risk Management System

The LACERA investment team recommended MSCI’s risk analytics over competitors including BlackRock’s Aladdin system and FactSet. After a lengthy search, the investment team at the Los Angeles County Employees’ Retirement Association has settled on a new risk analytics provider. The investment team has recommended that its board hire MSCI Analytics to provide total fund analytics for the $59.6 billion pension fund, according to the agenda from a LACERA investment board meeting held on Wednesday. MSCI beat out rivals including FactSet and...

January 9, 2020
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November 2019

October 2019

29Oct

Chinese government uses facial recognition app to pay out pensions

A facial recognition app, Laolai.com, is being used by China's Ministry of Human Resources and Social Security, to ascertain pension payouts and avoid fraud. Read also US senator plans Bill to block Federal Pensions investing in China The Laolai mobile app is designed to enable elderly citizens to prove their identity in order to receive social security benefits. Some 250 million retirees now use the app, which was developed into an online platform for a wide range of services for...

October 29, 2019
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February 2019

Country Report Spain 2017

By European Comission This report assesses Spain’s economy in light of the European Commission’s Annual Growth Survey published on 16 November 2016. In the survey, the Commission calls on EU Member States to redouble their efforts on the three elements of the virtuous triangle of economic policy — boosting investment, pursuing structural reforms and ensuring responsible fiscal policies. In so doing, Member States should focus on enhancing social fairness in order to deliver more inclusive growth. The Commission also published...

February 28, 2019
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January 2019

07Jan

Irish pension funds told to ‘diversify and de-risk over the coming year’

Irish pensions fund trustees have been told to “diversify and de-risk over the coming year” amid the huge losses of global stock markets and falling bond yields for some European markets.Pensions firm Aon said the fallout of market turmoil has led to a fall of 5.2% in “the traditional Irish pension managed funds” last month.“Global equity markets fell over the month as weak economic data from China and Europe fanned concerns of a global economic slowdown, leaving investors...

January 7, 2019
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