2022 Archives - Page 44 of 137 - Pension Policy International

25JulJuly 25, 2022

China’s population to start to shrink before 2025: Global Times

China's population growth rate has slowed significantly and is expected to turn negative ahead of 2025, the state-backed Global Times reported, citing a senior health official. Birth data released late on Sunday showed that the number of new births in 2021 was the lowest in decades in several provinces. The number of births in the central Hunan Province fell below 500,000 for the first time in nearly 60 years, the Global Times said. Only China's southern Guangdong Province had more than...

July 25, 2022

News2022, Aging, China, Labor Market

25JulJuly 25, 2022

The Growth In Responsible Investment Funds

The concept of socially responsible investing (SRI) has been around for hundreds of years. From the Quakers (aka, the Religious Society of Friends) prohibiting members from participating in the slave trade in 1758 to the exclusion of “sin stocks” in the 1920s to supporting the civil rights, environmental, social, and anti-war movements in the 1960s to the modern day focus on Environmental, Social, and Governance investing practices—which takes a holistic view that helps stakeholders understand how an organization manages...

July 25, 2022

News2022, ESG, Investment

25JulJuly 25, 2022

UK. Govt urged to allow Nest to offer drawdown

The government has been told to amend legislation to allow Nest members to drawdown their pension pot, as well as extending investment pathways to trust-based schemes. The Investment and Saving Alliance made this suggestion in its response to a call for evidence on savers’ understanding of their pensions, which closed on July 25. The Department for Work and Pensions said that it wanted to understand what support and decumulation products are offered to members, along with what might be offered to...

July 25, 2022

News2022, Payout, Regulation, UK

22JulJuly 22, 2022

UK. The effect of rising inflation and interest rates on pension schemes

The UK is currently seeing soaring inflation, with record drops in wages, and prices for goods and services sky-rocketing, resulting in a keenly-felt "cost of living" crisis. But what is the impact for UK occupational pension schemes? The consumer price index (CPI) measured inflation at 9.1% at the end of May 2022, the highest level seen since February 1982. Governments have traditionally sought to counter rising inflation by increasing interest rates, to encourage people to spend less and save more,...

July 22, 2022

News2022, System Characterization, UK

22JulJuly 22, 2022

México. Aseguran que minusvalías no provocarán un año negro para las Afores

La Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore) aseguró que este no será “un año negro” para las Afores, pese a que en los primeros seis meses del año las minusvalías que han reportado ascienden a más de 360 mil millones de pesos, según datos oficiales. Durante la inauguración de la Feria de Afores Ciudad de México 2022 Bernardo González Rosas, presidente de la Amafore, señaló que en el sistema financiero y económico hay ciclos. En este...

July 22, 2022

Noticias2022, Mexico, Rendimientos

22JulJuly 22, 2022

US. Pension unfunded liabilities rising with market volatility

The markets giveth and the markets taketh away. Unfunded liabilities for state pension funds are expected to climb from $783 billion in 2021 to $1.3 trillion in 2022. The funded ratio of state pensions would fall from 85% last year to 75% in 2022. That’s according to the Reason Foundation, which states that after the market expansion of 2021 helped pensions; the rather lackluster performance of markets this year could see an average rate of return for state pensions at...

July 22, 2022

News2022, Funding, US

22JulJuly 22, 2022

Caisse admits $150-million investment in bankrupt Celsius ‘raises a number of questions’

Quebec’s pension manager broke its silence about its investment in Celsius Network LLC, saying it will “take time” to resolve claims around the bankrupt cryptocurrency lender but admitted the investment didn’t pan out. Caisse de Dépôt et Placement du Québec invested $150 million in Celsius in October as part of a $400 million funding round co-led by WestCap Investment Partners LLC. Equity holders are likely to be wiped out after Celsius filed for Chapter 11 bankruptcy protection in a U.S. court,...

July 22, 2022

News2022, Canada, Cryptocurrency, Investment

22JulJuly 22, 2022

Iranian Pensioners Protest Again, Demand Full Hike In Pensions As Promised

Pensioners and retired government employees have again taken to the streets in several cities across Iran shouting anti-government slogans and demanding a full 38 percent increase in their pensions, which was promised by the Supreme Labor Council. The recent wave of protests by pensioners and retirees comes after the government announced on June 6 that it would increase the monthly incomes of non-minimum-wage retirees by 10 percent, far below a previous pledge to raise them by 38 percent plus 5.15...

July 22, 2022

News2022, Iran, Public Pensions

22JulJuly 22, 2022

Defined Benefit Risk Phase 2: Expert Interviews

By David G. Pitts Over the course of 2020 and 2021, the research team interviewed the following subjects: • Chief Financial Officer • Chief Risk Officer • Multiemployer Plan FSA • Public Plan FSA • Investment Consultant / FSA • Outsourced Chief Investment Officer / FSA • Canadian FSA / CERA Each interview lasted approximately one hour. All interviewees are senior practitioners in the defined benefit space. The interview notes include a faithful representation of the ideas discussed, with some changes in minor details to ensure the anonymity of the respondent. Executive...

July 22, 2022

Books, Pension Management2022, Ajuste, Corporate Governance, Defined Benefit, Investment, Risk

22JulJuly 22, 2022

New Evidence on the Demand for Advice within Retirement Plans

By Jonathan Reuter & David P. Richardson. We study demand for advice within defined contribution retirement plans offered by 23 institutions where TIAA is sole recordkeeper. Advice seeking increases with age, account balance, annual contribution level, web access, and changes in marital status. More provocatively, participants who invest solely through target date funds—the dominant default investment option—are significantly less likely to seek any form of advice throughout the age distribution, raising the possibility that reliance upon defaults crowds out advice...

July 22, 2022

Articles, Pension design2022, Financial Literacy, Investment, US

July 2022