COVID-19 Archives - Page 76 of 109 - Pension Policy International

30NovNovember 30, 2020

China’s plans to hike retirement age from 60 fuels public discontent

China is making a new push to raise one of the world’s lowest retirement ages as it tries to cope with a rapidly aging population, a move that’s already fueling public discontent and will test the Communist Party’s ability to implement reforms. The ruling party alluded to the change earlier this month when it released an outline of its five-year economic plan, which included a recommendation to “implement postponing the retirement age.” Specific measures in the plan are due...

November 30, 2020

News, Slider2020, China, COVID-19, Pension Reform, Retirement Age

30NovNovember 30, 2020

How To Save For A Pension During Coronavirus

Retirement and pensions may not seem like pressing issues for young adults, but saving early can make a huge difference to your future finances. However, due to coronavirus, many young people are facing financial uncertainty and saving for a pension isn't exactly a high priority. If this applies to you, there are ways to save for a pension during COVID safely without worrying about losing money. Whether you're on a pension scheme through your workplace or you have a...

November 30, 2020

News, Slider2020, COVID-19, Saving

30NovNovember 30, 2020

COVID-19: How do pension systems fare?

Saving for retirement is the primary investment objective for most individuals. Yet the ability to meet this objective depends not only on the investments made, but on the system on which retirement income provision rests. Put simply, how well a pension system is designed, including the level of benefits it provides, its sustainability, and its governance, has a critical bearing on the ability to meet one’s retirement goals. Pension funds, as some of the biggest institutional investors in financial...

November 30, 2020

News, Slider2020, COVID-19, Pension Management

27NovNovember 27, 2020

Five reasons to invest in pensions technology

The world has changed exponentially in 2020, leading many multinationals to ask valid questions about how they can enhance their global operations. As a significant expense for any business, pensions and benefits have come into the spotlight. Read also With more childcare and domestic work, the pandemic poses a ‘real danger’ to women’s progress, UN finds More than ever, the pressure is on for benefits teams to demonstrate that they are taking steps to minimise spend and avoid curbing...

November 27, 2020

News, Slider2020, COVID-19, Digital Financial Services, Technology

26NovNovember 26, 2020

In unprecedented move, Canadian pension funds unite to call for greater ESG standards

In an unprecedented move, some of Canada’s largest institutional investors have banded together to ask companies for more rigorous disclosures of environmental, social and governance factors, an effort they say is meant to promote more sustainable and inclusive economic growth. Read also Swedish pension giant and LGIM launch sustainable EM equity fund A group of eight pension funds, which together manage a total of about $1.6 trillion in assets, called on corporations in a joint statement Wednesday to standardize their...

November 26, 2020

News, Slider2020, Canada, COVID-19, ESG, Sustainability

25NovNovember 25, 2020

Saving pensions and COVID-19

Robust pension policies are crucial for safeguarding political and social stability in a rapidly ageing and changing world, Odusote Fatimah Abolanle and Alfred Muluan Wu write. With the COVID-19 pandemic grinding almost every sector of the global economy to a standstill, many governments have had to reform policy to buffer the health and economic shocks their citizens are going through, including pensions and social security. This unprecedented paradigm shift has exposed existing gaps in pension policies. Although some principles...

November 25, 2020

News, Slider2020, COVID-19, Defined Contribution

25NovNovember 25, 2020

US. Effect of the Biden Administration on Health and Retirement Benefits

What president- elect Joe Biden´s administration will be able to get done regarding health care and retirement policy will depend much on the political tone in Congress. Control of the Senate is hinging on two Georgia runoff elections in January, notes Geoff Manville, partner and government relations leader in Mercer’s Law and Policy Group. He says most observers believe Democrats will lose one of those races, which would give Republicans Senate control. “That would make it all but impossible...

November 25, 2020

News, Slider2020, COVID-19, Investment, Pension Management, US

24NovNovember 24, 2020

Canada. TTC pension plan focusing on liquidity amid coronavirus pandemic

The Toronto Transit Commission Pension Fund Society has been reminded of the importance of liquidity during the coronavirus pandemic, according to Sean Hewitt, the fund’s chief executive officer, during a virtual roundtable hosted by the Canadian Pension and Benefits Institute on Thursday. “COVID-19 was a really interesting test study in liquidity,” he said, noting the TTC plan conducts a liquidity budget test annually to ensure it’s able to pay pensioners under dire circumstances. The previous test case was the...

November 24, 2020

News, Slider2020, Canada, COVID-19, Investment, Pension Management

23NovNovember 23, 2020

Chile’s President Pinera seeks Constitutional Court help to head off pensions bill

Pinera said the legislation was unconstitutional since it implied a cost to the public purse that can only determined by the executive, and posed a “grave risk” to the future pensions of Chileans as well as offering another tax-free windfall to higher-income individuals who did not need it. Read also Chile’s famed pensions system faces an existential crisis “All authorities, and especially the president of the republic, have to be sensitive to the needs of citizens, and also responsible over...

November 23, 2020

News, Slider2020, Chile, COVID-19, System sustainability

23NovNovember 23, 2020

China to introduce new policies to tackle ageing population

China is planning to include new measures to encourage more births and address issues associated with its rapidly ageing population and shrinking workforce as part of its new 2021-2025 “five-year plan”, according to state media. Read also Malaysia is ageing, raise retirement age to 65 gradually, says World Bank Citing experts, the official China Daily newspaper said on Monday that the Chinese government will offer extensive financial and policy support to encourage couples to have more children. Read also Australia’s...

November 23, 2020

News, Slider2020, Aging, China, COVID-19

November 2020