September 2023
14Sep

UK. TPR to ‘work more closely’ with pension administrators

The Pensions Regulator (TPR) has said it is planning to "work more closely" with third-party administrators (TPAs) and has updated on recent progress in a blog published today (13 September). The blog, written by TPR interim head of relationship supervision Cliodhna Judge, outlined how a recent pilot project on an ‘administrator relationships' function has led to better engagement with TPAs. The project, which has been running since early 2022, involved working with a voluntary administrator to "explore potential risk areas", and...

September 14, 2023
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14Sep

US Corporate Pension Funding Levels Dropped in August

US. corporate pension funding levels fell last month, matching a drop in global equities, according to analysts.The August report from LGIM America’s Pension Solutions Monitor estimated that the average U.S. corporate funding ratio decreased to 103.6% through August from 104.9% at the end of July.Global equities declined 2.8%, with the S&P 500 decreasing 1.6%. Portfolios in plans with a 50/50 allocation declined 2.5%, while liabilities declined 1.4%. The decrease in assets outpaced the decline in liabilities, leading to lower...

September 14, 2023
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13Sep

Países Iberoamericanos analizan las reformas laborales de la región en el II foro de Formalización Laboral

La informalidad laboral en los países iberoamericanos afecta a una de la cada dos personas trabajadoras, y supone que el 65% de los hogares se encuentren total o parcialmente en la informalidad. Estas y otras cuestiones se han abordado en el II foro de Formalización Laboral promovido por la OISS. El desafío de la informalidad laboral es un fenómeno complejo y de múltiples dimensiones, que afecta principalmente a trabajadores y trabajadoras con baja cualificación en sectores como la minería, agricultura,...

September 13, 2023
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12Sep

Chile. Reforma de pensiones: Gobierno insiste en destinar 4% de cotización adicional a seguro social y 2% a capitalización

Ad portas de que a fin de mes el gobierno envíe las indicaciones al proyecto de reforma de pensiones, con las cuales busca destrabar la iniciativa, que actualmente se tramita en la Comisión de Trabajo de la Cámara de Diputados, la ministra del Trabajo, Jeannette Jara, insistió en que la propuesta del Ejecutivo en cuanto al 6% de cotización adicional considera un 4% para seguro social y un 2% a cuentas individuales. Consultada respecto de si el gobierno está dispuesto...

September 12, 2023
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11Sep

México. Van por reforma a pensiones

Durante 2024, el sistema de pensiones en México será objeto de una nueva tanda de reformas, que buscarán una mejor integración del apoyo gubernamental a adultos mayores, ligada al empleo y al ahorro voluntario. Lo anterior, de acuerdo con el documento de Criterios Generales de Política Económica (CGPE) para 2024, entregado por la Secretaría de Hacienda y Crédito Público (SHCP). Se indica que en 2024 se trabajará en modernizar el sistema para una mejor integración de los tres componentes centrales del sistema: pensión para el...

September 11, 2023
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11Sep

Top funds see biggest drop since 2008

A rocky market environment that affected all major asset classes saw total assets of the world's top 300 retirement plans record their worst drop since the global financial crisis of 2008, according to the latest annual survey by Pensions & Investments and Willis Towers Watson PLC's Thinking Ahead Institute. Assets of the top 300 retirement plans — including public and corporate pension funds, defined contribution plans and state-owned pension funds — fell 12.9% in 2022 to $20.6 trillion, compared with...

September 11, 2023
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August 2023
29Aug

US. North Carolina Retirement Systems discloses $500 million in commitments

North Carolina Retirement Systems, Raleigh, committed a total of $500 million to private equity and inflation-sensitive asset funds. The $114.6 billion pension fund disclosed the commitments in a report included with the Aug. 23 investment advisory committee meeting materials on the website of Dale R. Folwell, state treasurer and sole trustee of the retirement system. The commitments closed in June and July of this year, according to the report. Within private equity, NCRS committed $150 million each to Hg Titan 2...

August 29, 2023
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17Aug

Govt urged to scrap new pension rules

Thai Labour Solidarity Committee (TLSC) has called on the caretaker government to consider revising a new regulation imposing income limits on the elderly receiving monthly allowances. Signed by Interior Minister Anupong Paojinda, published in the Royal Gazette last Friday and made effective on Saturday, the regulation stipulates that only elderly people with no income or insufficient income to cover living costs are entitled to the monthly allowance from the state. However, a provisional clause in the regulation says the new criteria...

August 17, 2023
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16Aug

SIPEN y Asonahores se comprometen a fortalecer el turismo

Más de 20 mil millones de pesos de los fondos acumulados de los afiliados al sistema de pensiones han sido invertidos en el sector turístico La Superintendencia de Pensiones y la Asociación de Hoteles y Turismo de República Dominicana (Asonahores) colaborarán para educar en materia previsional a los talentos humanos del sector turismo. La iniciativa se llevará a cabo producto del acuerdo de colaboración interinstitucional  firmado por Francisco A. Torres, superintendente de Pensiones y David Llibre de Asonahores. Más de 20 mil...

August 16, 2023
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14Aug

Tell the young the truth: they won’t get a state pension

When Mr Asquith designed the old age pension, which began on 1 January 1909, it was five shillings a week (equivalent to less than £30 now), and was paid only to people over the age of 70. At the time, the average lifespan of men was 48 and women 52. Last year, the total pensions bill was £110 billion, and by 2025 it may be £135 billion, or more than the total expenditure on defence, education and by the...

August 14, 2023
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