News Archives - Page 4 of 834 - Pension Policy International

08AprApril 8, 2025

Kenyans’ pension contributions have almost doubled since 2022

Kenyans’ contributions towards pension schemes have nearly doubled since 2022, data from the Retirement Benefits Authority (RBA) shows. RBA records show pension contributions over the last three years have risen from Ksh.62.73 billion for the half year ending June 2022 to Ksh.118.80 billion for the half ending December 2024. For the six months ending in December 2022, pension contributions were Ksh.70.26 billion, then climbed to Ksh.83.14 billion in the half-year up to June 2023 and further to Ksh.105.65 in the second...

April 8, 2025

News, SliderKenya, savings

07AprApril 7, 2025

US pension funds to target directors over AI oversight failings

US pension funds are sharpening their focus on director oversight of company AI usage, with three funds across the country adding language to their voting policies on holding them accountable for poor AI oversight. San Francisco’s $33 billion employee retirement system was the first fund to add language to this effect. Trustees voted this year to approve amendments to its proxy voting policy stating that, “where there is evidence that insufficient oversight and/or management of AI technologies has resulted in...

April 7, 2025

News, SliderAI, Pension Management, US

07AprApril 7, 2025

State Pension Rates to Rise for Over 12 Million UK Pensioners Starting April 2025

From Sunday, April 6, 2025, over 12 million UK pensioners will see their weekly State Pension payments increase, as new rates are introduced. The full new State Pension will rise from £221.20 to £230.25 per week, offering an annual boost of £470 for those receiving the full payment. This increase is part of the government’s annual review, which adjusts pension rates each year on the start of the new tax year. The decision to raise these payments comes after careful consideration of inflation,...

April 7, 2025

News, SliderState pension, UK

07AprApril 7, 2025

Jamaica. How will tariffs impact retirement?

It is a tumultuous time for world economies. With the raging tariff war, which is likely to trigger another round of high inflation, investors and retirees face more uncertain times. I recently had separate discussions with two individuals from opposite ends of the age spectrum; one seeking assistance with planning for retirement and the other needing financial advice to navigate the retirement years. The 36-year-old employee was concerned with the time value of money, while the retiree wrestled with how...

April 7, 2025

News, SliderInflation, Jamaica

07AprApril 7, 2025

Turkey. Fast aging population in agriculture threatens food security

The aging population in Türkiye’s agriculture is posing a risk to the country’s food security, Union of Turkish Agricultural Chambers (TZOB) President Şemsi Bayraktar has warned, calling for urgent action to lure the young population into the industry. The average age of farmers rose to 59 last year with the average being 58 for men and 61 for women, Bayraktar said. Some 35 percent of them are over 65 years old, and another 35 percent are between the ages of 50 and 64,...

April 7, 2025

News, SliderAging, Turkey

04AprApril 4, 2025

Oil spills, scandals of the past embolden ESG stance of U.N. pension fund CEO

A plastic water bottle might not prompt most people to engage in lighthearted employee ribbing, but for Pedro Guazo, the CEO of the office of investment management at the United Nations Joint Staff Pension Fund, it did. As he watched the office's communications officer, Pilar Lagos, pull a mini water bottle out of her bag during a meeting, he remarked: “Is that,” he asked playfully, “a single-use plastic water bottle?” Sitting on top of the large conference room table was a...

April 4, 2025

News, SliderInvestment, Pension Management

04AprApril 4, 2025

Investments in education can reduce the pension burden

Education investments can ease pressure on pension system: A study by the Max Planck Institute for Demographic Research shows that investing in education can offset the effects of low birth rates on the pension system. Better education, higher productivity: Education increases workforce productivity and helps compensate for a smaller labor force. This reduces the burden on pensions. Investment pays off: Higher investment in education not only extends the number of working years, but also boosts pension income and life expectancy. A recently...

April 4, 2025

News, SliderAging, System sustainability

04AprApril 4, 2025

UK. Taxpayers have until 5th April to top up their state pension by making NICs

Taxpayers with missing National Insurance Contributions (NICs) have until 5th April to make backdated payments to accrue more state pension, say leading audit, tax and business advisory firm, Blick Rothenberg. Robert Salter, a Director at the firm, said: “As part of the changes to state pensions, the Government temporarily extended the time limit to make backdated NIC payments, so that people with missing contribution history can make voluntary NICs for all tax years from 6th April 2006 onwards.” He added: “Before this, UK...

April 4, 2025

News, Slidersavings, UK

04AprApril 4, 2025

Türkiye takes measures to boost birth rate as demographic crisis looms

The Turkish government is taking significant steps to counteract a troubling demographic decline, introducing numerous incentives aimed at reversing the falling birth rate. Türkiye has declared 2025 the "Year of the Family," an initiative designed to promote childbirth, while its Ministry of Family and Social Services has unveiled a comprehensive program intended to support working mothers, which includes establishing public nurseries and kindergartens to facilitate childcare. The country's birth rate has steadily declined for years, reaching a low of 958,000 births...

April 4, 2025

News, SliderAging, Turkey

03AprApril 3, 2025

Pension investors told not to panic amid market turbulence from Trump’s tariffs

Pension investors should remain calm despite market turbulence caused by US President, Donald Trump's tariffs, Hargreaves Lansdown head of retirement analysis, Helen Morrissey, has said. Trump announced yesterday (2 April 2025) a 10 per cent tariff on all UK imports to the US tariffs, with higher "reciprocal" tariffs for the countries branded the "worst offenders". However, Morrissey emphasised that pensions are a long-term game, warning that making “knee jerk reactions”, such as changing investment strategy or cutting back on contributions, can...

April 3, 2025

News, SliderInvestment, US