April 2021
01Apr

Evaluation of Four Decades of Pension Privatization in Latin America, 1980-2020: Promises and Reality

By Carmelo Mesa-Lago The author of this book has published other 40 on social security since 1968, dealing with pensions, health care, and social assistance, in seven languages and in 34 countries. His new book is a product of many works in the last 30 years, which have been integrated, updated, and expanded under a new methodological framework. The book thoroughly documents the effects of the privatization of pensions in nine countries in Latin America from 1980 until the present:...

April 1, 2021
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March 2021
19Mar

A Guide to the Treatment of Pensions on Divorce

By Pension Advisory Group The publication of this final report from the Pension Advisory Group is an important and very welcome event. The importance of the work is demonstrated by the fact that a good many busy and experienced practitioners have given up valuable time over the course of the past two years to produce this definitive guidance on the approach to the issue of pensions in Financial Remedy cases before the Family Court. For too long the division of...

March 19, 2021
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19Mar

The PEPP Contribution to the Capital Markets Union (CMU)

By Jorik van Zanden, Hans van Meerten, Andrea Minto The EU has several ‘pension problems, for example ageing, poor portability and the lack of consumer protection. Furthermore, the EU internal market for pensions is not sufficiently developed. This not only prevents, for example, a cost-efficient pension build-up of an employee working abroad, but the differences among national rule also restrict a local pension participant in choosing a pension fund established abroad. All these problems have been recently pointed out in the...

March 19, 2021
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05Mar

Pensions after the financial and economic crisis: a comparative analysis of recent reforms in Europe

By David Natali This paper sheds light on the initial impact of the economic and financial crisis on pensions policy across Europe, and assesses the first measures proposed and/or introduced in four EU countries. The author argues that while the impact on different pension models naturally varies, some common trends can be identified: short-term measures to grant additional protection for the elderly at risk of poverty, raising of the statutory retirement age, incentives for active ageing. The role of private...

March 5, 2021
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05Mar

Joint Report on Pensions Progress and key challenges in the delivery of adequate and sustainable pensions in Europe

By the Economic Policy Committee (Ageing Working Group), the Social Protection Committee (Indicators Sub-Group) and the Commission services (DG for Economic and Financial Affairs and DG Employment, Social Affairs and Equal Opportunities) Ensuring that public policies cater for sustainable, accessible and adequate retirement incomes now and in the future remains a priority for the EU. While Member States share similar fundamental challenges there are considerable differences in the timing of demographic ageing, the design of pension arrangements, the growth potential...

March 5, 2021
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03Mar

Financial wellness can foster pension system in China

By Daisy Ho China faces mounting pension and retirement challenges, but it's not without silver linings. It's well known that China's huge and rapidly aging population will grapple with a shortage of pension coverage that looks set to worsen over the next few years. There is no quick fix for state pensions falling short of growing retirement needs, but policymakers see promoting private retirement saving schemes as a key means of filling the gap. Here, we see some encouraging signs, especially when...

March 3, 2021
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February 2021
11Feb

Opportunities for extending social security coverage in Jordan

By ILO The report aims to support Jordanian policymakers in the extension of social security to informal workers. It formulates typologies for informal workers outside the social security system, analyses the main constraints to coverage and outlines a range of policy approaches for the extension of coverage. The Jordanian government has been working to expand social security coverage of its workforce. In the context of the National Social Protection Strategy, the Cabinet has committed to developing an action plan to reduce...

February 11, 2021
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10Feb

UK. Over half of cryptocurrency investors do not have a pension

Less than half (47 per cent) of cryptocurrency holders in the UK have a pension, whilst nearly a quarter (23 per cent) do not have any traditional savings or investments, research from AJ Bell has found. The survey also found that 58 per cent of crypto investors don’t have an ISA, a further 50 per cent don't have a savings account, and 83 per cent don't have an investment portfolio. The findings have prompted concerns that a generation of savers are...

February 10, 2021
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December 2020

15Dec

​Norway maps cost of extending pension coverage amid clash

The Norwegian government has opened a public consultation on the long-held plan to broaden mandatory occupational pension coverage by removing the lower earnings threshold at which employers make contributions, but worker and employer representations are in sharp disagreement over the terms. The Ministry of Finance published the report it received from the working group convened to come up with a plan on savings “from the first krone” in defined contribution mandatory occupational pension (obligatorisk tjenestepensjon, OTP) schemes. The...

December 15, 2020
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10Dec

Mexican Congress passes major reform to boost pensions

The Mexican Congress late on Wednesday passed one of the biggest overhauls to the country's pension system in years, boosting retirement benefits and reducing workers' mandatory contribution times, in a victory for President Andres Manuel Lopez Obrador. Read also The Consequences of Long-Term State Pension Underperformance The initiative, which the government originally set out in July, will lower to 1,000 from 1,250 the number of weeks workers must have paid in to claim retirement benefits. Read also Chilean lawmakers...

December 10, 2020
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