August 2021
09Aug

World’s Largest Pension Fund GPIF Now Holds Record $1.75 Trillion in Assets

Japan’s Government Pension Investment Fund posted a fifth consecutive quarterly gain in its investments as returns from overseas assets helped make up for losses on domestic equities. Read also Nigeria. N12trn pension assets investment sidelines infrastructure The world’s biggest pension fund gained 2.7% for the quarter ended in June, boosting assets under management by 4.98 trillion yen ($45.4 billion) to a record 191.6 trillion yen, it announced on Friday. Overseas stocks were its best-performing investment, returning 8.6%, while domestic shares lost...

August 9, 2021
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09Aug

Regulator drops plans to cap investments for UK pension schemes

The UK pensions regulator has abandoned plans to limit investment freedoms for retirement schemes holding billions of pounds of assets, as Boris Johnson and Rishi Sunak urge trustees to plough more cash into supporting the UK recovery. Read also UK. Pandemic widens pensions pot gender gap The Pensions Regulator has confirmed to the Financial Times that it will not proceed with a proposal, first outlined in March, to cap investment in unquoted assets to no more than a fifth of a...

August 9, 2021
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09Aug

Nigeria. N12trn pension assets investment sidelines infrastructure

Federal Government’s dream of ramping up pension assets for investments into infrastructure development seems floundering as most recent report shows a stagnation in funds allocation to the sector. Meanwhile the bulk of the over N12trillion assets are going into Federal Government Bond borrowing instrument which are used for government recurrent expenditure. At the backdrop of the quest to address the huge infrastructure gap in the country, the pension policy had envisaged about 15 percent of the total pension asset would be...

August 9, 2021
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06Aug

Argentina. La Anses reconoce los años de aportes jubilatorios a mujeres que hayan sido madres

A partir de este lunes, las mujeres de todo el país en edad de jubilarse y que hayan sido madres, pueden iniciar ante la Anses el trámite para que se les reconozca hasta tres años de trabajo formal por cada hijo o hija y, así, completar los años de aportes necesarios para acceder a una jubilación. Leer también Inclusión financiera en Argentina: un estudio por hogares Se trata del Programa de Reconocimiento de Aportes por Tareas de Cuidado que la Administración...

August 6, 2021
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06Aug

Chile. Asociación de AFP dice que cuarto retiro dejaría a 43% de afiliados sin fondos: 51% de las mujeres quedarían en cero

De cara a la discusión de un cuarto retiro del 10% de los fondos previsionales, la asociación de Aseguradoras de Fondos de Pensiones (AFP) dio a conocer un estudio que analiza los posibles escenarios tras la eventual aprobación de la reforma constitucional en el Congreso. Lo anterior, considerando los otros tres retiros de las AFP que ya se han concretado y que, según estiman, provocaron que un 20% de los afiliados no dispongan de ahorros en sus cuentas individuales. “Ese...

August 6, 2021
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06Aug

US. Pandemic not stopping workers from contributing to retirement plans

An overwhelming majority of U.S. workers are still saving for retirement despite the adverse economic, health and employment impact of the coronavirus pandemic, the Transamerica Center for Retirement Studies said Thursday. Eighty-two percent of workers are saving for retirement through a 401(k) or similar retirement plan and/or outside the workplace, the center reported. "Given the magnitude of the challenges workers have faced during the pandemic, it is truly remarkable that they have maintained focus on their future retirement," Catherine Collinson, CEO...

August 6, 2021
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06Aug

Argentina’s new pensions programme pays women for caregiving

The Argentine government is seeking to redress that gender inequity by assigning a pension contribution value to the time people have spent raising children. Read also It’s time to give essential workers the protections they deserve The programme, launched this week, marks the first time the role of an unpaid caregiver has been recognised by the Argentine state as something akin to work. The policy is expected to enable 155,000 more women to collect a pension immediately. Read also Towards Improved Retirement...

August 6, 2021
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06Aug

Uganda allows early, partial pension withdrawals to cushion economy

Uganda's President Yoweri Museveni has agreed to legislation allowing some workers early access to 20% of their savings held by the state pension fund, to help them absorb the economic blow from the COVID-19 pandemic, he said. Consumers in the East African nation have been hit hard by the impact of the pandemic, forcing some of them to demand that the legislature allows them to access part of their retirement savings. Read also 1 in 3 Singaporeans are worried about retirement...

August 6, 2021
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06Aug

What’s the Ideal Asset Mix in Retirement? Is It 70/30? 60/40?

My wife and I are approaching retirement, and our financial adviser is recommending that we put about 70% of our nest egg in stocks and about 30% in bonds. This approach seems risky to me. Is it? My preferred mix is about 60/40. We hear questions frequently about asset allocation and pinpointing an optimal mix. The easy answer is: It depends. It depends, among other factors, on your ages, income from other sources (like Social Security and maybe a pension),...

August 6, 2021
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06Aug

Revisiting Retirement and Social Security Claiming Decisions

By Neha Bairoliya, Kathleen McKiernan Why do individuals retire and claim their Social Security benefits at the age they do? Understanding the key drivers of these decisions has been an important topic of research as it can help guide policy discussions on the impact of potential reforms to the Social Security program. We revisit this crucial question by exploring new sources of heterogeneity in these decisions as well as novel mechanisms governing these trade-offs. Using data from the Health and...

August 6, 2021
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