editor, Author at Pension Policy International

07JunJune 7, 2023

US. DOL took thumb ‘off the scale’ in finalizing new ESG rule, official says

Despite mischaracterizations and political backlash, the Department of Labor's new rule permitting retirement plan fiduciaries to consider environmental, social and governance factors when selecting investments and exercising shareholder rights does not tip the balance in favor of ESG, a key department official said Tuesday. "The final rule that we put out, notwithstanding what you may have heard, doesn't require consideration of ESG, it doesn't mandate that every investment have an ESG score attached to it, it doesn't mandate that if...

June 7, 2023

NewsESG, Investment, Regulation, US

07JunJune 7, 2023

U.K. pension funds slow to invest in biodiversity – report

U.K. pension funds are increasingly aware of biodiversity risks to their portfolios, but not many are investing in natural solutions, according to research from Pensions for Purpose released Monday. Commissioned by alternatives asset manager Gresham House, Pensions for Purpose asked 22 asset owners and investment consultants how much they incorporate biodiversity and natural capital in investment decisions. Participants included the £25 billion ($31 billion) National Employment Savings Trust, London, £35 billion Brunel Pension Partnership, Bristol, £15 billion London CIV, £35...

June 7, 2023

NewsESG, Investment, UK

07JunJune 7, 2023

Vietnam strives to maintain replacement fertility rate

More people in a country can lead to a larger workforce which will lead to more products being produced and economic growth subsequently. While other countries in the world with a population of 500,000 people or more have only maintained their fertility rate which means that each woman of reproductive age has an average of 2.1 children for 2-10 years, Vietnam is the only country that has so far maintained a golden population ratio and structure for 23 years, from...

June 7, 2023

NewsAging, Vietnam

07JunJune 7, 2023

The Irish pension landscape for employers in 2023

Pension provision for staff is a valuable recruitment and retention tool for employers. Pensions can be a core part of a benefits and reward package offered. When there are labour or skills shortage affecting your hiring capabilities, this can be a meaningful part of your offering to ensure you are competing with top employers for talent. IORP II The IORP II Directive “sets common standards by ensuring the soundness of occupational pensions and better protecting pension scheme members and their beneficiaries.” Employers...

June 7, 2023

NewsIreland, Operations, Regulation

06JunJune 6, 2023

México. Afores quedan a deber en educación financiera para el retiro de mujeres: Consar

La Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), informó que de las 10 Afores que operan en México, solamente cinco (Azteca, Coppel, PensionISSSTE, Profuturo y Sura) han iniciado acciones de difusión para promover la equidad de género como tema de relevancia en la educación financiera y previsional. “Sigue siendo una tarea pendiente dentro de las estrategias de educación financiera y previsional de las Afores”, dijo el organismo regulador. En la presentación de resultados del censo de educación financiera...

June 6, 2023

NoticiasBrecha de Género, Mexico

06JunJune 6, 2023

Colombia. Petro culpa a la oposición de querer sacarlo igual que a Castillo en Perú

El presidente de Colombia, Gustavo Petro, afirmó que la oposición busca sacarlo del poder y comparó su situación con la del exmandatario peruano Pedro Castillo (2021-2022), actualmente preso bajo cargos de rebelión. "Pero no solo buscan impedir que el gobierno del cambio presente la terna fiscal, que saben será una terna contra la impunidad, sino que buscan el camino que sufrió Pedro Castillo, como bien lo expresó Néstor Humberto Martínez [exfiscal general de la nación]", escribió Petro en su cuenta...

June 6, 2023

Noticias, UncategorizedColombia, Reforma de Pensiones

06JunJune 6, 2023

Nueva jornada de huelgas y manifestaciones en toda Francia contra la reforma de las pensiones

Por decimocuarta vez desde enero, este martes los sindicatos convocan una jornada de acción contra la reforma de las pensiones, un mes después de la última gran movilización del Primero de Mayo. Los primeros decretos de aplicación fueron publicados este domingo en el Boletín oficial. Los sindicatos no bajan los brazos y eso que la reforma, ya aprobada, sigue su curso para que se pueda empezar a aplicar en septiembre. Hasta entonces, debe publicarse oficialmente 31 textos. Los dos primeros ya se...

June 6, 2023

NoticiasFrancia, Reforma de Pensiones

06JunJune 6, 2023

Top asset manager says pension fund clients are turning skittish on China — ‘There is a very real geopolitical risk’

APG's pension fund clients are more worried about investing in China, the Financial Times reported. That's as geopolitical risk has grown, with China increasingly at odds with the West. "There is a very real geopolitical risk that has been added to the proposition." Rising international tensions with Beijing are a serious factor in the worsening skepticism around Chinese investments, APG Asset Management told The Financial Times. One of the largest asset managers in the world, the firm is in charge of about $570...

June 6, 2023

NewsChina, Investment

06JunJune 6, 2023

Funding ratios for U.S. corporate pension plans increase in May

U.S. corporate pension plans saw their funding ratios increase in May thanks to falling liability values offsetting asset losses due to negative non-U.S. equity returns during the month, according to three new reports. Wilshire Advisors estimated the aggregate funding ratio of U.S. corporate plans increased 0.8% percentage points to land at 99.8% as of May 31. Liability values declined further than asset values after U.S. Treasury yields rose, primarily due to debt ceiling negotiations and continuing anticipation regarding the Federal Reserve,...

June 6, 2023

NewsFunding, US

06JunJune 6, 2023

Why saving for a pension has become more risky

How much money are you going to have to live on in retirement? Perhaps, just like one in five Britons, you do not know. This is not a surprise since there are so many shifting factors, or risks, to consider when thinking about retirement finances. You need to think about how much you’ll earn during your life, to what your employer will decide to contribute towards your a pension, and how much tax you will have to pay. And then, even...

June 6, 2023

NewsRisk, UK

June 2023