supervision Archives - Page 6 of 13 - Pension Policy International

30AugAugust 30, 2023

México. Gobierno exhibe esquema de defraudación en pensiones ISSSTE; daños ascienden a 15 mil millones de pesos

El procurador fiscal de la Federación, Félix Arturo Medina Padilla, dio a conocer la identificación de un esquema de saqueo y defraudación en el Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE), el cual generó afectaciones al patrimonio de la institución por 15 mil millones de pesos en pensiones durante más de 12 años. A partir del proceso de rescate y nacionalización del ISSSTE, la Procuraduría Fiscal de la Federación detectó un modelo de corrupción en el que extrabajadores...

August 30, 2023

NoticiasMexico, Pensiones Públicas, supervision

23JulJuly 23, 2023

The pensions regulator’s annual report and accounts 2022-2023

By The Pensions Regulator The Pensions Regulator (TPR) is the UK regulator of workplace pension schemes. We make sure that employers put their staff into a pension scheme and pay money into it. We also make sure that workplace pension schemes are run properly so that people can save safely for their later years. Read book “here”

July 23, 2023

Books, Books, Regulation, Reports2023, Inflation, Public Policy, supervision, UK

06JulJuly 6, 2023

Kenya. Treasury plans to go after counties over pensions debt

The National Treasury and Kenya Revenue Authority (KRA) have trained their guns on counties that have failed to remit statutory deductions to pension schemes. With the non-remittances hitting Sh90.69 billion in May, Treasury is now mulling deducting the outstanding arrears directly from the counties equitable share of revenue and the taxman engaged to collect the debt. Appearing before the Senate’s County Public Investments and Special Funds Committee, Treasury Cabinet Secretary Njuguna Ndung’u said that in consultation with the Retirement Benefits Authority,...

July 6, 2023

NewsRegulation, supervision

26JunJune 26, 2023

EIOPA says national supervisors need more data on liquidity risks

Pension funds and insurers in Europe are holding up well in spite of higher financial stability risks, according to a new report from the European Insurance and Occupational Pensions Authority (EIOPA) – but the body also said national supervisors need more data on liquidity and other risks to make sure buffer requirements are adequate. Publishing its June 2023 Financial Stability Report today, Frankfurt-based EIOPA said the European economy was currently experiencing a new period of high uncertainty and elevated financial...

June 26, 2023

NewsEU, Regulation, Risk, supervision

20JunJune 20, 2023

Ghana’s pensions authority seeks support from development partners — As SECO project comes to an end

The National Pensions and Regulatory Authority (NPRA) is asking for support from the World Bank and other development partners for continuous technical training for the effective operationalisation of its Risk Based Supervision (RBS) System. The RBS systems which was developed in 2019 through the help of the Swiss State Secretariat of Economic Affairs (SECO) is aimed at streamlining the supervisory and regulatory mandate of the authority. It was also designed to help the authority to stay abreast with the emerging pensions...

June 20, 2023

NewsGhana, Operations, Risk, supervision

18MayMay 18, 2023

UK. Pensions industry set for ‘fraud crisis’

Greater accessibility to retirement savings could leave Brits ‘highly vulnerable to a wide-scale wave of scams’ The pensions sector is facing a looming fraud crisis that could see millions of pensioners scammed out of their life savings, according to a report from LexisNexis Risk Solutions The Digital Pension Fraud: a looming crisis awaits report found that industry experts fear greater accessibility to draw down cash from retirement savings as digital pension services come online will leave pension holders highly vulnerable to...

May 18, 2023

Newssupervision, UK

02MayMay 2, 2023

UK. Capita: Watchdog warns pension funds over data after hack

Hundreds of pension funds have been asked to check whether data was stolen by cybercriminals during a major hack of the UK's largest outsourcer. The Pensions Regulator has asked trustees responsible for funds that use Capita as an administrator to assess whether clients' data is at risk. After the hack in March, information apparently containing Capita data began to circulate on the dark web. The pensions watchdog said on Sunday that it had written to the hundreds of pension funds that employ...

May 2, 2023

NewsRegulation, supervision, UK

11AprApril 11, 2023

Paraguay. Banco Central trabaja en proyecto para crear la superintendencia de pensiones

El Banco Central del Paraguay (BCP), en conjunto con el Ministerio de Hacienda, se encuentra trabajando en el proyecto de ley a través del cual se busca crear la superintendencia de pensiones en nuestro país, propuesta que se quiere poner a consideración del Congreso Nacional a más tardar a finales de este año, según lo que informó Carmen Marín, miembro del Directorio del ente financiero matriz. Cabe recordar que el tema causó controversia años atrás y que en su momento...

April 11, 2023

Noticias, NoticiasParaguay, Regulación, supervision

22MarMarch 22, 2023

U.S. General Accountability Office probing collapse of St. Clare’s pension fund

The U.S. Government Accountability Office, an investigative arm of Congress, is probing the alleged mismanagement of a depleted pension fund that wiped out retirement plans for more than 1,100 former employees of the now-closed St. Clare's Hospital in Schenectady. State Assemblyman Angelo Santabarbara disclosed the federal investigation on Wednesday and said he learned of it this week during a meeting with staff members with the House Committee on Education and Workforce. They had met "to discuss potential federal solutions regarding...

March 22, 2023

NewsInvestment, Pension Management, supervision, US

17FebFebruary 17, 2023

Switzerland. Phone scammers targeting pensioners in Zurich stole 6,7 million francs in 2022

Phone scammers targeting residents of Zurich succeeded in stealing 6,7 million Swiss francs in 2022, SRF has reported. The trick involves the scammers posing as police officers and calling victims to ask them to pay “bail” in order to release a relative from jail. Many of the victims were retired. Phone scammers try to trick hundreds each day in Zurich According to Swiss broadcaster SRF, phone scammers try to swindle the residents of Zurich out of their hard-earned money hundreds of...

February 17, 2023

NewsIncome, supervision, Switzerland

August 2023

México. Gobierno exhibe esquema de defraudación en pensiones ISSSTE; daños ascienden a 15 mil millones de pesos

July 2023

The pensions regulator’s annual report and accounts 2022-2023

Kenya. Treasury plans to go after counties over pensions debt

June 2023

EIOPA says national supervisors need more data on liquidity risks

Ghana’s pensions authority seeks support from development partners — As SECO project comes to an end

May 2023

UK. Pensions industry set for ‘fraud crisis’

UK. Capita: Watchdog warns pension funds over data after hack

April 2023

Paraguay. Banco Central trabaja en proyecto para crear la superintendencia de pensiones

March 2023

U.S. General Accountability Office probing collapse of St. Clare’s pension fund

February 2023

Switzerland. Phone scammers targeting pensioners in Zurich stole 6,7 million francs in 2022