Private Pensions Archives - Page 8 of 10 - Pension Policy International

29OctOctober 29, 2020

Pension Reform in Mexico: Guiding Principles for Creating a Sustainable and Balanced System for Private Sector Workers

By Guillermo Zamarripa & Gustavo A. Del Angel From 1995 to 1997, Mexico engaged in a major pension reform. With that change, the system migrated from a pay as you go defined benefit model to a defined contribution one. The pension system reform permitted a sustained increase of financial savings in Mexico from 1999 to 2019. Savings managed by the pension funds -the Afores1- reached 16.6% of GDP as of the end of 2019. However, after more than two...

October 29, 2020

Books, Regulation, System Sustainability2020, Informal Sector, Latin America, Mexico, Pension Reform, Private Pensions

20OctOctober 20, 2020

Govt seeks to overturn Pension Schemes Bill amendment defeats

The government is seeking to overturn the four Pension Schemes Bill amendment votes it lost in the House of Lords in the summer by removing them from the bill. In a House of Commons Notices of Amendments publication, Pensions Minster, Guy Opperman, outlined the removal of the House of Lords’ amendments. The amendments relate to commercial pensions dashboards, transaction facilities on dashboards, reporting on fairness to members of collective defined contribution (CDC) schemes, and open defined benefit (DB) schemes...

October 20, 2020

News, Regulation, System Sustainability2020, Digital Financial Services, Private Pensions, Public Pensions, Technology, UK

15OctOctober 15, 2020

The DC Future Book: In association with Columbia Threadneedle Investments

By Lauren Wilkinson, Daniela Silcock and John Adams Compared to previous generations of pensioners, current and future retirees will: • Live longer on average, • Receive their State Pension later, • Be more likely to be dependent on Defined Contribution (DC) savings, • Have no, or low, levels of Defined Benefit (DB) entitlement, and • Flexibly access their DC savings. These changes increase the risks borne by pension scheme members and the complexity of decisions people must make at and...

October 15, 2020

Books, Pension designDC schemes, Private Pensions, Public Pensions, UK

21SepSeptember 21, 2020

Romania. The Evolution of the Private Pensions Market in the First Six Months of the Year 2020

The value of the total assets under management, at the level of the entire private pensions system, has reached the amount of 68.57 billion RON, at the date of 30.06.2020, exceeding in Euro equivalent the value of 14 billion, increasing by 6.31%, as compared to December, 2019. Moreover, the share of private pensions in the Gross Domestic Product[1], at the end of June, 2020, was of 6.39%, above the level of December, 2019. 'The economic context in the first...

September 21, 2020

News2020, Private Pensions, Romania

15SepSeptember 15, 2020

(Mis)Allocation Effects of an Overpaid Public Sector

By Tiago Cavalcanti, Marcelo Rodrigues Santos There is a large body of evidence showing that for many countries the structure of wages and pensions and the labor law legislation are different for public and private employees. Such differences affect the occupational choice of agents and might generate some type of misallocation. We develop a life-cycle model with endogenous occupational choice and heterogeneous agents to study the implications of an overpaid public sector. The model is estimated to be consistent...

September 15, 2020

Articles, Pension design2020, Brazil, Labor Market, Private Pensions, Public Pensions

19AugAugust 19, 2020

MetLife Board Dodges Lawsuit Over $500 Million Annuity Error

MetLife Inc.'s board doesn’t have to face oversight claims over the insurer’s practice of downplaying its liabilities by wrongly counting pensioners as dead if they didn’t respond to its letters, instead of consulting official records, a Delaware Chancery Court judge ruled. The shareholder derivative lawsuit “supports an inference of failure of prudence on the part of the defendants; and a lack of imagination perhaps,” Vice Chancellor Sam Glasscock III wrote Monday. But “the plaintiffs require too many attenuated inferences...

August 19, 2020

News, Slider2020, Corporate Governance, Private Pensions

29JulJuly 29, 2020

Latin America private pension systems ‘constantly under political threat’: FIAP

A private pension fund industry chief said the specter of political interference is constantly circling the sector in Latin America. Decisions correspond more to ideological bias of “certain political groups” than the advice of pension experts, a webcast hosted by industry organization the International Federation of Pension Funds Administrators (FIAP) was told. “The private pension systems in our region are constantly under political threat,” said FIAP chairman Guillermo Arthur Errázuriz. He cited the example of Chile, where some quarters...

July 29, 2020

News, Slider2020, Latin America, Private Pensions, System sustainability

18AprApril 18, 2020

Pension markets in focus

By OECD The 2019 edition of Pension Markets in Focus provides an overview of the funded and private components of pension systems in 88 jurisdictions and outlines latest developments in the markets worldwide. It exhibits an extensive range of indicators relevant to funded and private pension arrangements, harmonised and standardised across jurisdictions. It monitors the key financial aspects of these arrangements, such as the amount of accumulated assets, the way these assets are invested and their investment performance, both...

April 18, 2020

Books, Pension Management, System Sustainability2019, Private Pensions

15AprApril 15, 2020

Canada. The coronavirus has created a tremendous financial opportunity for workers with a pension

Unique opportunities sometimes come in extreme times. The one detailed below on commuting the value of your pension won’t be an option for many, but for those with the ability to take advantage, it could meaningfully improve their retirement finances for years to come. Read also Canada’s Pension Funds Prepare for Post-Virus World This opportunity is based on three fundamental facts First, the current or commuted value of your pension is much higher when interest rates on 5 Year Canadian Bonds are...

April 15, 2020

News, Slider2020, Canada, Private Pensions

03AprApril 3, 2020

Pension Policy in Europe and the United States – Towards a New Public-Private Pension Mix

By Onorato Castellino, Elsa Fornero, Christina Benita Wilke Pension reform has occupied and will continue to occupy an important place in the welfare state reform agenda on both sides of the Atlantic. In both the European Union (EU) and the United States (US) demographic forces in the form of an aging population and low fertility pose significant long-run fiscal challenges to traditional public pay-as-you-go (PAYG) systems. In addition, the pace of pension reforms in most EU countries has accelerated...

April 3, 2020

Articles, Pension designEurope, Private Pensions, Public Pensions, US

October 2020

Pension Reform in Mexico: Guiding Principles for Creating a Sustainable and Balanced System for Private Sector Workers

Govt seeks to overturn Pension Schemes Bill amendment defeats

The DC Future Book: In association with Columbia Threadneedle Investments

September 2020

Romania. The Evolution of the Private Pensions Market in the First Six Months of the Year 2020

(Mis)Allocation Effects of an Overpaid Public Sector

August 2020

MetLife Board Dodges Lawsuit Over $500 Million Annuity Error

July 2020

Latin America private pension systems ‘constantly under political threat’: FIAP

April 2020

Pension markets in focus

Canada. The coronavirus has created a tremendous financial opportunity for workers with a pension

Pension Policy in Europe and the United States – Towards a New Public-Private Pension Mix