September 2024
12Sep

UK retirement security reaches record high in GRI

Retirement security in the UK has improved over the past year and reached a record-high position of 14th place on the Natixis Investment Managers (IM) Global Retirement Index (GRI), the firm has revealed. The UK rose two places in the index over the past year, outperforming France, Finland, Sweden, and the United States, with the improvement driven by increases in health spending per capita. Overall, the UK scored 74 per cent on its retirement security, up from 67 per cent and...

September 12, 2024
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12Sep

US pension fund allocation to private debt falls short of target

US pension funds were below their median target allocation to private debt in August, a reflection of the challenges in analyzing the growing number of private debt participants. The median target allocation across 117 US pension funds was $188 million, while the median actual allocation was $112 million, according to S&P Global Market Intelligence data. This suggests that pension funds had a $76 million median net underallocation to private debt as of Aug. 21. The majority of pension funds analyzed failed to meet...

September 12, 2024
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12Sep

Pakistan. Govt notifies major pensions reform

ISLAMABAD: In a major reform in the government's pensions scheme, the finance ministry issued three office memoranda on Tuesday to notify the new criteria on the recommendation of the Pay and Pension Commission 2020. According to the documents available with The Express Tribune, the federal government fixed the period of family pension at 10 years after the death of the retired employee, however, in case of a special child, the family pension would continue for life. The period of special...

September 12, 2024
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11Sep

México. Consar establece mecanismo de validación en retiros por desempleo de las Afores

En meses pasados, la Consar había identificado que algunos promotores de las Afores ayudaban a los trabajadores a registrar un salario superior al que tenían mientras cotizaban para sacar más dinero de la cuenta de ahorro para el retiro. La Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) ya estableció un mecanismo de validación para que cuando los trabajadores realicen un retiro por desempleo de sus Afores, lo hagan con el último salario que tuvieron mientras estaban activos,...

September 11, 2024
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11Sep

Perú. Demandan a presidenta Boluarte observar ley de reforma de pensiones

Luna Gálvez afirma que perjudica a trabajadores y pensionistas Advierte que es lesiva para trabajadores y afecta la sostenibilidad financiera del Estado El parlamentario José Luna Gálvez demandó a la presidenta Dina Boluarte observar la autógrafa de la llamada Ley de Modernización del Sistema Previsional o reforma de pensiones por ser lesiva a los derechos de los trabajadores y pensionistas y afectará la caja fiscal. En el oficio 385-2024-2025/GPPP-CR, el portavoz de la bancada de Podemos Perú señaló a la presidenta que...

September 11, 2024
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11Sep

Estos pensionados en Colombia podrán recibir doble mesada: ¿Cambia con la reforma?

Algunos pensionados en Colombia podrán recibir doble pensión, desde que la Corte Suprema de Justicia aclaró cuáles son las obligaciones que tienen que cumplir los solicitantes por haber cumplido requisitos para la vejez y alguna de las otras jubilaciones que acepta la normativa local. Explica la norma que el pago de la mesada tiene requerimientos diferentes cuando se habla de mesada por vejez o mesadas por invalidez o sobrevivencia. De esta manera, los pensionados en Colombia que cuenten con una mesada por jubilación y hayan...

September 11, 2024
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11Sep

Panamá. Presidente Mulino liderará y presentará la reforma a la CSS en la Asamblea Nacional

El presidente José Raúl Mulino tomará las riendas del proyecto de reforma a la Caja de Seguro Social (CSS), el cual será presentado próximamente ante la Asamblea Nacional. Esta reforma es una respuesta a la crisis del programa de Invalidez, Vejez y Muerte (IVM), que enfrenta el riesgo de quedarse sin fondos en el subsistema de Beneficio Definido o Solidario, lo que ha generado gran preocupación entre los cotizantes. El diputado Javier Sucre del PRD confirmó que, aunque Dino Mon...

September 11, 2024
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11Sep

US. As Pension Funding Levels Fell in 2022, Higher Contributions Helped States Manage Debt

From fiscal year 2021 to 2022, the reported funding gap for state pension plans—the disparity between promised benefits and available assets—jumped by $439 billion to $1.27 trillion. The increase, largely fueled by investment losses, highlights how volatile financial markets continue to expose state and local governments to risk. Yet, despite poor investment returns, in 2022, 49 states still contributed enough to their pension plans to meet a key target, the net amortization benchmark, which measures whether employers’ payments are sufficient...

September 11, 2024
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11Sep

China. Lawmakers review plan to raise retirement age in fast-greying China

China's top legislative body this week assessed an official plan to delay the country's retirement age, among the world's lowest, taking a key step towards changing decades-old labour laws and easing economic pressures stemming from a shrinking workforce. The ruling Communist Party said in July that China would gradually raise the country's retirement age. The retirement age is now 60 for men, about six years below that in most developed economies, while for women in white-collar work it is 55, and 50...

September 11, 2024
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11Sep

Nordea Wins $450 Million Sustainability-Focused Equity Investment Mandate from CalSTRS

Northern Europe-based asset manager Nordea Asset Management announced that it been awarded a $450 million sustainability-focused global equity investment mandate by the California State Teachers’ Retirement System (CalSTRS), one of the largest public pension funds in the U.S. Under the new mandate, Nordea’s Global Stars Equity Strategy to manage a portion of ClasSTRS’ Sustainability-Focused Equity portfolio. Nordea’s STARS range features ESG integration into all fundamental investment decisions, with close coordination between portfolio managers and the firm’s Responsible Investment Team. The STARS...

September 11, 2024
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