editor, Author at Pension Policy International

25SepSeptember 25, 2024

Net-Zero Asset Owner Alliance unveils milestone emissions cuts

Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C. The Net-Zero Asset Owner Alliance, whose signatories include Allianz and the $519.9 billion California Public Employees’ Retirement System, Sacramento, said in a statement on Sept. 25 that reduction in greenhouse gas emissions registered by its 88 members was at least 6% on average, annually, since 2018. At...

September 25, 2024

News2024, ESG, Investment, Pension Management

25SepSeptember 25, 2024

EU. Who can expect the most healthy life years?

In 2022, the number of healthy life years at birth in the EU was 62.6 years on average, 62.8 years for women and 62.4 years for men. Life expectancy at birth for women in the EU was, on average, 5.4 years longer than that for men (83.3 years compared with 77.9 years). Healthy life years - free from activity limitations - represent 75% and 80% of the total life expectancy for women and men, respectively. Therefore, on average, men tend to spend a greater proportion...

September 25, 2024

News2024, Aging, EU, Health

25SepSeptember 25, 2024

US. 5 Ways a Kamala Harris Presidency Could Impact Retirees

Vice President Kamala Harris wasn’t even a contender for the White House earlier this year, but she is now the Democratic nominee for the presidency and running neck and neck with her Republican opponent, former President Donald Trump. If she wins, she is expected to promote policies that could affect the bottom line of millions of retirees. “There’s been nothing that she’s said that would lead me to believe she’s a negative to retirees,” says Chris Orestis, president of Retirement Genius,...

September 25, 2024

News2024, Public Pensions, Regulation, Social Security, US

25SepSeptember 25, 2024

UK. TPR data shows improvements in DB pension funding

The statistics show that overall, 47% of schemes reported a surplus on the Technical Provision (TP) funding basis in tranche 17 – schemes with effective valuation dates from 22 September 2021 to and inclusive of 21 September 2022 – a significant increase on the 32% in surplus in their previous valuation cycle (tranche 14). The average funding level had increased by 5% (97% in tranche 17 (median: 99%), compared to 92% in tranche 14 (median: 93%)) and recovery plan lengths...

September 25, 2024

News2024, Defined Benefit, Funding, Regulation, UK

24SepSeptember 24, 2024

Perú. Nueva Ley de Pensiones: Gobierno promulga reforma previsional de las AFP con pensión mínima de S/600 y afiliación obligatoria

El Gobierno peruano promulgó la nueva Ley de modernización del Sistema Previsional Peruano, que incluye, entre sus alcances, la disposición de una pensión mínima de S/600, la afiliación obligatoria de los mayores de 18 años y la pensión por IGV que destina el 1% de las compras de los afiliados para su fondo, conocida como pensión por consumo. La nueva Ley Nº 32123, que reforma el sistema AFP y ONP, y que cuenta con cuatro pilares para su implementación (contributivo, no contributivo,...

September 24, 2024

NoticiasPerú, Reforma de Pensiones

24SepSeptember 24, 2024

Entre jornadas más cortas y jubilaciones más tardías; esto es lo que Carlos Slim opina sobre las pensiones en España y Colombia

Durante su participación en conferencias por Colombia y España, el empresario mexicano, Carlos Slim Helú, compartió su punto de vista respecto a las jornadas laborales y la situación de la jubilación en distintos sectores de la población en estos países. Donde aludió que se deben implementar nuevas normas en las jornadas de trabajo, esto con el fin de desarrollar el capital económico de las regiones hispanohablantes. Con 84 años de experiencia, el millonario participó como ponente de las conferencias como el XIX Congreso de...

September 24, 2024

NoticiasColombia, Edad de retiro, España, Reforma de Pensiones

24SepSeptember 24, 2024

China’s retirement age reforms not enough to fix pension headache

China's move to raise retirement ages is a starting point to plug gaping pension deficits and bolster a shrinking workforce but more pain lies ahead as the economy slows, making further reforms urgent, say economists and demographers. Aging populations are a global phenomenon, but the issue is particularly stark in China due to the legacy of its one-child-policy, which was in place for three decades and has exacerbated its demographic challenges. China’s number of births dropped to 9 million last year and the...

September 24, 2024

News, UncategorizedAging, China, Pension Reform, Retirement Age

24SepSeptember 24, 2024

Sostenibilidad, cobertura y equidad: principales desafíos de las reformas pensionales en América Latina

El año 2024 es clave para observar la discusión sobre la viabilidad de los actuales sistemas pensionales en América Latina. En Colombia y Perú el debate está a la orden del día y en algunos otros como México y Uruguay, donde ya se implementaron reformas, se empiezan a ver resultados. Por Valora Analitik para GRUPO SURA* Los sistemas de pensiones en América Latina enfrentan desafíos significativos para garantizar su sostenibilidad en el largo plazo. En 2024, varios países de la región...

September 24, 2024

NoticiasAmérica Latina, Reforma de Pensiones, Sostenibilidad

24SepSeptember 24, 2024

US. DOL vs. IRS rules: Courts asked to decide how 401(k) plans can use forfeiture assets

What started as a small law firm filing a handful of suits against 401(k) plans' use of forfeited funds has metastasized into a broad attack on sponsors that raises questions about reducing participants' expenses. It's a trend of more law firms filing more lawsuits seeking to use Department of Labor regulations regarding fiduciary duty to supersede IRS rules. Although there are differences among the various sponsor-defendants, the general theme is the same: What can sponsors do with company contributions to a...

September 24, 2024

News401k, Regulation, US

24SepSeptember 24, 2024

UK. Pension schemes should not ignore SDR

With the rollout of the FCA’s Sustainability Disclosure Regulations (SDR) now well underway, pension schemes should consider how their ESG and sustainability objectives could be impacted by the regime in the long-term, according to AXA Investment Managers (AXA IM). One of the key components of SDR is fund labelling, with qualifying asset managers having been able to use the four new sustainability labels for asset managers – Focus, Improvers, Impact and Mixed Goals – from 31 July 2024. Being a voluntary...

September 24, 2024

NewsRegulation, Sustainability, UK

September 2024