July 2021
27Jul

Japan´s EPSF plots to build a financial system that supports sustainability

Prime Minister Yoshihide Suga announced Japan’s aims for carbon neutrality and substantially zero CO2 emissions by 2050, in his October 2020 policy speech. He also announced at the climate change summit held in April 2021 that Japan aims to reduce its greenhouse gas emissions by 46% in FY2030 from its FY2013 levels. In order to achieve these types of environmental goals, many major countries consider that large scale of private funds would be required for the transition towards such new...

July 27, 2021
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26Jul

México. Inversión sustentable. ¿Una moda pasajera o compromiso real?

En el mundo financiero se habla cada vez más de un modelo de inversiones sustentable, donde los administradores de recursos buscan colocar el dinero en empresas que reduzcan su huella de carbono, desarrollen tecnologías verdes y tengan un impacto positivo en las comunidades donde están instaladas. Más allá de una moda, es una tendencia que llegó para quedarse, y países como México poco a poco la han comenzado a adoptar. Leer también México. Retiros parciales por desempleo significan 0.48% del...

July 26, 2021
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26Jul

US. Ohio Pensioners May Hold The Key To Finally Fixing America’s Struggling Public Pensions

It’s no secret that America’s struggling public pensions are a hot mess. Lack of comprehensive state regulation; the failure of legislative oversight; lay boards lacking investment experience; Wall Street donations to corrupt influential politicians and law enforcement indifference, all contribute to the morass. It seems, on the one hand, no one with authority over pensions wants to see improvements and, on the other, participants whose retirement security is at risk have no say as to how their savings are...

July 26, 2021
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26Jul

Ghana. GSE boss asks pension funds to boost equity holdings

The Ghana Stock Exchange (GSE), which is experiencing a bull market this year, provides enormous opportunities for pension funds to invest and realise good returns, Ekow Afedzie, Managing Director of the exchange, has said. Read also Ghana. Minister for Employment initiates mass pension enrolment programme Addressing industry players during a workshop under the theme “Maximising Investment Returns Using the Ghana Stock Exchange”, Mr. Afedzi said “though pension fund investments in fixed-income securities continue to increase, the same cannot be said of...

July 26, 2021
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26Jul

UK. Triple lock is far from the biggest pension issue on government’s plate

One of the realisations of reaching an age when you are beginning to plan the details of what to do when you finally stop work is how much those preparations are affected by decisions made by others, over which you have limited control. Chief among them is the issue of money. The income you retire on is a key determinant in what happens next: how comfortable your life will be and what compromises you need to make to get through...

July 26, 2021
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26Jul

Coronavirus exposes cracks in Hongkongers’ retirement planning as health care costs and weak savings dominate worries, EIU survey finds

The Covid-19 pandemic has left most working adults in Hongkong fearing for their financial position and readiness for retirement, according to a survey by the Economist Intelligence Unit commissioned by HSBC Life Insurance. Read also UK. Triple lock is far from the biggest pension issue on government’s plate Some 98 per cent of Hongkongers expressed worries about ageing in the city, with medical and health care costs, insufficient savings and income security dominating their top concerns. Less than a quarter of...

July 26, 2021
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26Jul

Will the online pensions revolution take off?

Senior citizens and coins in glass jars are some of the common themes you find when you look up ‘pensions’ on an image search engine. But in recent years the industry has been catching the attention of fintechs. In June, Plum announced it was expanding into retirement savings with the launch of a self-invested personal pension, two months after PensionBee floated on the London Stock Exchange. Both providers, and others such as Moneybox and Penfold, to name a few, enable savers...

July 26, 2021
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23Jul

Towards Improved Retirement Savings Outcomes for Women

By OECD Labour market inequalities are well-known to be the main drivers of the gender pension gap. This publication focuses on helping governments find solutions for retirement savings arrangements that do not further exacerbate these inequalities. This study first analyses why the gender pension gap exists and sheds light on some of the behavioural and cultural factors that contribute to these inequalities. Country case studies assess how demographics, labour markets and other factors may affect gaps in pension coverage, assets...

July 23, 2021
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23Jul

Chile. Ley corta en pensiones: plan del gobierno apunta a empezar a pagar nuevos beneficios en septiembre

Múltiples reuniones son las que han sostenido los ministros de Hacienda, Rodrigo Cerda, y de Trabajo, Patricio Melero, con diputados y senadores de oposición y del oficialismo por la ley corta de pensiones que prepara el Ejecutivo, en vez de la reforma previsional actualmente en el Congreso, para aumentar el Pilar Solidario desde un 60% a un 80% de la población. En tales instancias, desde el gobierno han mostrado a los parlamentarios una presentación donde, entre otras cosas, se enseña...

July 23, 2021
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23Jul

Importance of ‘social’ pillar in ESG increases for pension funds despite dearth of index strategies, survey finds

The ‘S’ pillar of environmental, social and governance (ESG) is becoming increasingly important for pension funds, however, a dearth of core-social related indices remain, according to a survey conducted by CREATE Research in partnership with DWS. The survey, which interviewed 142 pension plans, found 66% expect to increase their allocations to ‘S’ pillar passive funds over the next three years despite just 14% currently using core social-related indices. In the subsequent report, titled Passive Investing 2021: Rise of the social pillar...

July 23, 2021
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