July 2022
07Jul

U.K. pensions minister Guy Opperman resigns

Guy Opperman, the U.K.'s longest-serving pensions minister, resigned Thursday amid a wave of top officials departing in the lead up to Prime Minister Boris Johnson stepping down. In his resignation letter to Mr. Johnson, Mr. Opperman said that the U.K. government "simply cannot function with you in charge." "It should not take the resignation of 50 colleagues, but sadly the PM has left us no choice. He should resign," Mr. Opperman said in the letter. Mr. Opperman became parliamentary under secretary of...

July 7, 2022
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07Jul

U.S. corporate pension plan funding continues to fall – reports

U.S. corporate defined benefit plan funding ratios continue to drop, primarily due to poor equity returns well offsetting declines in liability values, new reports show. A quarterly report from MetLife Investment Management shows the estimated average funding ratio of companies in Russell 3000 that sponsor defined benefit plans was 98.5% as of June 30, down from 102.5% as of March 31 Stephen Mullin, head of long duration and LDI strategies at MetLife, said in the report that each of the asset...

July 7, 2022
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06Jul

Índice sobre Percepciones para la Jubilación. Confianza e Interés en las Pensiones de Jubilación en Países de la Unión Europea 2022 Edición Europea

Por Universidad de Granada   El envejecimiento generalizado de la población europea y el aumento de la esperanza de vida están poniendo en duda el mantenimiento de los actuales sistemas de pensiones, sobre todo en aquellos países cuya vía de financiación principal son las cotizaciones sociales, es decir, las aportaciones que, con carácter obligatorio, deben pagar tanto los trabajadores como las empresas. Aunque este problema afectó en primer lugar a los países desarrollados, este fenómeno se está expandiendo por todo el planeta....

July 6, 2022
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06Jul

US. Biden to tout plan to protect millions of workers’ pensions

President Joe Biden will travel to Cleveland, Ohio, on Wednesday to announce a plan to prevent cuts to millions of workers' pensions. The launch of the program, created under the American Rescue Plan, comes as Biden's approval rating remains in the doldrums and consumer anxiety mounts over 40-year-high inflation. Under the final rule for the program, 2 to 3 million workers and retirees who faced pension cuts because of investment losses will get the benefits they were set to receive for...

July 6, 2022
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06Jul

Greece to allow pension increases from 2023, first since debt crisis- PM

Greece's Prime Minister Kyriakos Mitsotakis promised pension increases for the first time in more than a decade next year, saying Greece had definitively turned a page from the financial chaos which required three international bailouts. During its decade-long financial crisis that broke out in 2009, Greece was forced by its international lenders to slash pensions more than 10 times to reduce state spending and meet its fiscal targets. "Everyone must benefit from growth without threatening the fiscal balance or the country's...

July 6, 2022
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06Jul

Warning over pension change for South Africa

Retirement funds will have to invest in upskilling trustees to empower them to navigate the complex world of infrastructure investing opened up by the gazetting of the amendments to Regulation 28 of the Pensions Fund Act, says Andrew Davison, chair of the Investments Committee of the Actuarial Society of South Africa (ASSA). The new Regulation 28 investment limits allow retirement funds to invest up to 45% of assets in South African infrastructure projects, effective from the beginning of January 2023. Infrastructure...

July 6, 2022
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06Jul

Aspectos económicos y fiscales de los planes de pensiones y otros instrumentos de previsión privados: especial referencia a los de empleo

Por Miguel Gutierrez Bengoechea Uno de los pilares básicos en el que se asienta el Estado de Bienestar Social se basa en garantizar unas pensiones públicas dignas a sus ciudadanos. Sin embargo, en España las variables demográficas, económicas y la crisis provocada por la COVID-19 actúan de forma adversa al sostenimiento de las pensiones públicas en el actual sistema de reparto de la Seguridad Social española. El legislador ha apostado por incentivar los planes de pensiones de empleo frente a...

July 6, 2022
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06Jul

Condiciones de empleo, trabajo y calidad de vida de hombres y mujeres en trabajo informal

Por Álvaro Besoain-SaldañaI, Gustavo Agurto Flores, Tiare Alarcón MuñozII & Jame Rebolledo SanhuezaI OBJETIVO: Identificar brechas de género en las condiciones de empleo, trabajo y calidad de vida de vendedores informales de la Vega Central de Chile. MÉTODOS: Se realizó un estudio transversal con ochenta trabajadores, quienes respondieron módulos de la Encuesta Nacional de Condiciones de Empleo, Trabajo y Salud (ENETS) y al Cuestionario de Salud SF-36 para la recolección de datos. Se hizo un análisis descriptivo para determinar características de...

July 6, 2022
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05Jul

UK. Advice sector must do more to attract younger clients

There is a worrying stereotype attached to the financial advice sector: it is interested only in clients who have accumulated a large amount of wealth — so it can easily acquire assets under management. This translates to a tendency to serve clients who are old, who have paid off their mortgage and who have a defined benefit (DB) pension. We have passed ‘peak DB’, with more people now saving through DC schemes The ideal clients, in other words, are the Babyboomer generation,...

July 5, 2022
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05Jul

China Turns to Automation and Robotics to Solve Aging Problem

The impact of an aging population has taken a toll on China’s economy. Industrial automation and robotics could be the solution. We believe that China is at the beginning of a structural shift thanks to the country’s policy support, demographic trends and technological progress. Furthermore, the ongoing trend of domestic substitution will likely provide a fertile breeding ground for local champions to be born and thrive – and our portfolio companies Shenzhen Inovance Technology Co., Ltd Class A (“Inovance”) (0.64%...

July 5, 2022
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