editor, Author at Pension Policy International

24MayMay 24, 2023

US. House passes bill requiring Treasury report on economic risks from China

The House overwhelmingly passed a bipartisan bill that would require the Treasury Department, along with several federal regulators, to issue a report on risks posed to the U.S. by China's financial sector. In a 400-5 vote, the House passed the China Financial Threat Mitigation Act of 2023 Monday, introduced by Reps. Abigail Spanberger, D-Va., and Roger Williams, R-Texas. The bill directs the Treasury secretary — in consultation with the chairmen of the Federal Reserve, SEC, Commodity Futures Trading Commission and the...

May 24, 2023

NewsInvestment, Regulation, US

24MayMay 24, 2023

Asset owners, managers sign biodiversity pledge

Stichting Pensioenfonds ABP, Heerlen, Netherlands, joined 14 asset owners and managers signing the Finance for Biodiversity Pledge Monday to commemorate World Biodiversity Day. The pledge calls for signatories to commit to map their biodiversity impact, set goals and targets, and disclose the results before 2025, along with collaboration and engaging with companies to halt and reverse nature loss. The €480 billion ($528.9 billion) pension fund is now one of 140 signatories representing a collective €19.7 trillion in assets from 23 countries. Other...

May 24, 2023

NewsESG, Pension Management

23MayMay 23, 2023

México. El ahorro voluntario para el retiro crece 17%

El ahorro voluntario de los trabajadores para su retiro aumentó 17 por ciento durante el último año; sin embargo, aún es una cifra menor en comparación a todo lo que administran las Afores, según datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). En abril, el monto ahorrado ascendió a 176 mil 722 millones de pesos, 17.1 por ciento más que un año atrás. Este número es apenas 2.33 por ciento de los 7.6 billones de...

May 23, 2023

NoticiasAhorro, Ahorro Voluntario, Mexico

23MayMay 23, 2023

Chile. Otra señal de deterioro del mercado laboral: número de cotizantes en AFP disminuye por segundo mes consecutivo

En enero de este año, por primera vez desde que hay registro, los cotizantes de AFP superaron los 6 millones. Pero ese récord se fue rápidamente. En febrero de este año los cotizantes de AFP marcaron la primera caída interanual en dos años, retrocediendo 0,4% en relación a igual mes de 2022, hasta los 5.885.841. Y en marzo nuevamente bajó el número de personas que cotizó en una AFP: disminuyeron 1,08% año contra año hasta los 5.883.065, esto es...

May 23, 2023

NoticiasAhorro, Chile, Mercado Laboral

23MayMay 23, 2023

Argentina. Oficializan el aumento del 20,92% para las jubilaciones a partir de junio

La Administración Nacional de la Seguridad Social (Anses) formalizó el aumento de haberes de 20,92% correspondiente a la Ley de Movilidad que se aplicará a partir de junio próximo, a través de la Resolución 109/2023 publicada hoy en el Boletín Oficial. De esta forma, un jubilado de la mínima percibirá $ 70.938 en bruto a partir del próximo mes. La movilidad impacta en todas las jubilaciones, pensiones y asignaciones de la Anses, y alcanza a más de 17 millones de beneficiarios...

May 23, 2023

NoticiasArgentina, Pensiones Públicas, Protección Social

23MayMay 23, 2023

US. Major pension funds are steering big dollars to infrastructure

Major U.S. pension funds are increasingly turning to infrastructure for its solid risk-adjusted return profile and strong performance resilience. Since 2011, Pensions & Investments has tracked more than 950 infrastructures hires totaling more than $134 billion committed, paced by 148 hires and $17.7 billion committed in 2021. Maine Public Employees Retirement System, Augusta, is also drawn to infrastructure due to its ability provide diversification from the plan's public and private equity and fixed-income assets, said William Proom, managing director of investments...

May 23, 2023

NewsInvestment, Pension Management, US

23MayMay 23, 2023

China continues to raise basic pension payments for retirees

China announced Monday that it will raise the basic pension payments for retirees in 2023, marking 19th consecutive annual increase. The average monthly payment for pensioners of enterprises, government agencies and public institutions is set to be lifted by 3.8 percent from the 2022 level, according to a circular jointly issued by the Ministry of Human Resources and Social Security and the Ministry of Finance. Last year, China raised the basic pension payments for retirees by 4 percent from level of...

May 23, 2023

NewsChina, Social Protection

23MayMay 23, 2023

Nigeria. PenCom registers 95,000 informal sector operators on CPS

The National Pension Commission (PenCom) said it has registered 95,045 participants on the Micro Pension Plan (MPP) of the contributory pension scheme (CPS) and recorded a total contribution of over N435.6 million as of last month. Head of the Micro Pensions Department, National Pension Commission (PenCom), Dauda Ahmed, said this in Lagos, at a workshop organised for Labour Writers’ Association of Nigeria (LAWAN). Ahmed, who spoke on ‘Facilitating Financial Inclusion in the Informal Sector through the MPP’, said the total withdrawals...

May 23, 2023

NewsNigeria, Pension Management, savings

23MayMay 23, 2023

Aging population presents opportunity for travel sector, says leading economist

An aging global population presents an opportunity for the travel sector to exploit, according to a leading economist. Speaking at The Advantage Travel Partnership’s annual conference in Benidorm, professor Trevor Williams shared a positive outlook for the industry despite the global economic uncertainty. The former chief economist for Lloyds Bank told delegates that living standards across the world are increasing and people are generally “consuming more than ever before”, as he highlighted how rising life expectancy could favour travel agents and operators. “Global...

May 23, 2023

NewsAging

23MayMay 23, 2023

Institutions boost exposure to private credit

Institutional investors' private debt allocations are ticking up at a time when public fixed-income returns are at a 20-year high, and higher interest rates and economic risks threaten borrowers. Many investors are accepting illiquidity and other risks in exchange for the diversification, income and, potentially, greater long-term returns than they expect from public fixed income. With long lockups, investors are betting that an economic downturn won't cause borrowers to go bankrupt and that interest rates will fall, easing the stress of...

May 23, 2023

NewsInvestment

May 2023