editor, Author at Pension Policy International

12JunJune 12, 2023

South Africa: ‘Two-Pot’ Retirement System to Kick in On 1 March 2024 – Here’s How It Will Work

The draft legislation governing the first phase of the proposed two-pot system has been published and is open for comment. The long-awaited draft legislation with more details regarding the roll-out of the "two-pot" retirement system was published on Friday afternoon. The changes are being introduced in response to consumers' dire financial stress during the Covid pandemic, when many were unable to access their retirement savings despite having no other money to turn to. The implementation date remains 1 March 2024, and the...

June 12, 2023

NewsPension design, South Africa

12JunJune 12, 2023

China. TV series set to teach elderly people about health

China's first TV series popularizing health information for the elderly premiered in Shanghai on Wednesday. The 10-episode series, which takes a lighthearted approach, focuses on helping the elderly understand common acute and severe threats to health, as well as chronic diseases in a scientific way, and also teaches them how to take precautions just in case. The show is the joint creation of Huashan Hospital Affiliated with Fudan University and the Shanghai Theatre Academy and is titled Ms Kang and Her...

June 12, 2023

NewsAging, China, Health

09JunJune 9, 2023

Mexicanos muestran preocupación pero poca acción respecto a su pensión, según estudio

Un estudio realizado por Sura Asset Management, denominado Ahorro Latam 360,reveló que aunque el 49% de los mexicanos reconoce que es su responsabilidad asegurar una buena pensión, solo el 15% tiene una idea estimada de cuánto necesitará para subsistir en la etapa del retiro. Estos resultados evidencian una preocupación generalizada pero escasas acciones concretas para planificar el futuro financiero. Adolfo Arditti, director ejecutivo de Clientes y Marca de Sura Asset Management, destacó la importancia de tener claridad sobre las necesidades de...

June 9, 2023

NoticiasAhorro, Mexico

09JunJune 9, 2023

Peru. Congreso: Comisión de Economía alista una reforma alineada a las AFP

Modelo. Grupo presidido por Rosangella Barbarán plantea quitar la rentabilidad acumulada ante eventual retiro de fondos y afiliar obligatoriamente a los nuevos aportantes al régimen privado. La Comisión de Economía del Congreso de la República cuenta las horas para debatir su propuesta de reformar el sistema previsional, la cual buscaría prolongar el esquema actual de las AFP, según denuncias de agrupaciones de afiliados. ¿Las razones? La iniciativa, por ejemplo, determina que la ONP virará a un modelo de AFP pública,...

June 9, 2023

NoticiasAdministración de Pensiones, Perú, Reforma de Pensiones

09JunJune 9, 2023

U.S. public pension funds look to ramp up scenario modeling, stress-testing spending

The vast majority of U.S. public pension funds plan to increase spending on scenario modeling and stress testing in the next two years, according to a report from Rotterdam, Netherlands-based risk management consultant Ortec Finance. According to interviews conducted in February with 50 fund executives overseeing a total of $1.315 trillion in assets, 90% plan to increase spending on those items to help manage market volatility. "Many pension plans saw the value of their assets fall last year in what was...

June 9, 2023

NewsPension Management, US

09JunJune 9, 2023

Why Over 90% of Sub-Saharan African Workers Lack Pension Plan

Why Over 90% of Sub-Saharan African Workers Lack Pension Plan In the past six months, France has seen an uproar of aggravated workers who have taken to the streets to protest the government's new pension reform. In April, France's Constitutional Council, which plays a similar role to the US Supreme Court, approved the most controversial part of the reform - raising the retirement age from 62 to 64. On May 1, International Workers Day, around 112,000 people participated in the largest...

June 9, 2023

NewsAfrica, Coverage

09JunJune 9, 2023

Generation X confronts harsh new reality of retirement: unreadiness

America’s 65 million Generation Xers (born between 1965 and 1980) are confronted with a new set of financial challenges that are redefining their plans for retirement, just as they enter their final working years, according to Prudential Financial, Inc.’s latest Pulse research survey, “Gen X: Retirement Revised.” Key findings of the survey include: Nest egg empty. Up to 30 million (46%) Gen Xers do not think they will have enough saved to live comfortably in retirement. Those fears reflect Gen...

June 9, 2023

NewsRetirement Planning

09JunJune 9, 2023

Prepare for a longer period of volatility, pension fund CIOs warn

Investors will need to deal with a volatile investment environment for longer than previously anticipated, pension fund CIOs said in a panel discussion. Speaking at the Pensions and Lifetime Savings Association's annual investment conference in Edinburgh on Tuesday, Wyn Francis, CIO of Brightwell, said markets are "less than helpful" when it comes to the investment outlook right now. "We are more likely to stay in a volatile period for a while," he said. Brightwell manages assets for the £47 billion ($58.5...

June 9, 2023

NewsInvestment, Returns

08JunJune 8, 2023

Colombia. Petro clama por la aprobación de sus reformas ante miles de simpatizantes en Colombia

Con cánticos, bailes y pancartas, los manifestantes respaldaron al mandatario en Bogotá, donde según el gobierno local 15.000 personas marcharon al grito de "¡Petro, amigo, el pueblo está contigo!". En otras ciudades también hubo movilizaciones. Muy activo en la plaza pública, el presidente acompañó la marcha por las calles de la capital y luego habló desde una pequeña tarima aledaña a la céntrica Plaza de Bolívar, acompañado de la vicepresidenta, Francia Márquez, de su esposa y de su hija. A los...

June 8, 2023

NoticiasColombia, Reforma de Pensiones

08JunJune 8, 2023

Paraguay. Más de 18.000 adultos mayores se incorporaron al cierre de mayo al programa de pensión

Según el Ministerio de Hacienda con esta cantidad de nuevos beneficiarios pertenecientes al sistema de pensiones ya acumula unos 290.631 personas de la tercera edad. Lo cual demandan una inversión mensual de G. 185.300 millones. Al cierre del mes de mayo de este año, se incorporó a 18.787 adultos mayores en situación de vulnerabilidad social al Programa de Pensión Alimentaria. Con esta cantidad de nuevos beneficiarios, la pensión cierra el mes con 290.631 personas de la tercera edad. Cabe resaltar, que...

June 8, 2023

NoticiasCobertura, Paraguay

June 2023