April 2019

El mercado de Afores. Propuestas para reducir los riesgos de los sistemas de pensiones de México

Por Darío Ibarra Zavala Hace algunos años, la reforma del sistema de pensiones hacia uno de capitalización individual prometía ser la respuesta a los problemas del viejo sistema de reparto controlado por el sector público. Sin embargo, una regulación deficiente del mercado de Afores ha provocado una nueva serie de problemas que la política pública tendrá que resolver en los años por venir. En esta ocasión, La Red Mexicana de Competencia y Regulación presenta el análisis, diagnóstico y...

Accounting for Pension Liabilities

By Katrin Brugger This book presents the US pension system and its development which is described by an overview of accounting standards and regulation boards and by comparing those to the International Financial Reporting Standard. The ideas of future pension plans and payments are underlined by an analysis of the demographic development in the US. Major pension plans are presented and information on: how participation is made, what kinds of benefits arise and who is eligible for those, is given....

March 2019

Report on other information to be provided to prospective and current members: guidance and principles based on current practices

By EIOPA This report analyses certain national practices existing prior to the implementation of the Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORP II). It concerns disclosure documents to be given to prospective members and members in the pre-retirement and pay-out phase, as set out in Chapter III “Other information documents to be provided” within Title IV “Information to...

March 2018

Growing Pension Deficits and the Expenditure Decisions of UK Companies

By Philip Bunn (Bank of England), Paul Mizen (University of Nottingham; Bank of England; Centre for Economic Policy Research (CEPR)) & Pawel Smietanka (Bank of England) Large deficits have opened up on defined benefit pension schemes in the United Kingdom since 2007, and at the same time investment expenditure has been subdued; this is a common phenomenon in other countries too. We use privileged access to a unique new data set from The Pensions Regulator and two identification schemes to...

December 2017

The Pension Protection Fund aims to protect pensions – not management

By Nils Pratley It looks terrible for the Pension Protection Fund (PPF): the pensions lifeboat fund is planning to vote against a restructuring of the UK arm of Toys R Us, an action that could mean 3,200 people lose their jobs. On the company’s proposal, only 800 employees would depart and the others would resume the fight against Amazon’s invasion of the toy market. The PPF, however, is not to blame for this mess. Its hands are tied. The PPF’s jobis...

April 2017

Retirement Security: The Importance of Conflict-Safe Advice

By Andrew L. Oringer (Dechert LLP) This article is adapted from testimony given by Andrew L. Oringer on March 24, 2009 before the House Subcommittee on Health, Education, Labor and Pensions. The testimony was given during the Subcommittee's hearings on the regulations of the US Department of Labor regarding exemptions for certain investment advice. (more…)