Regulation Archives - Page 5 of 27 - Pension Policy International

29OctOctober 29, 2020

Pension Reform in Mexico: Guiding Principles for Creating a Sustainable and Balanced System for Private Sector Workers

By Guillermo Zamarripa & Gustavo A. Del Angel From 1995 to 1997, Mexico engaged in a major pension reform. With that change, the system migrated from a pay as you go defined benefit model to a defined contribution one. The pension system reform permitted a sustained increase of financial savings in Mexico from 1999 to 2019. Savings managed by the pension funds -the Afores1- reached 16.6% of GDP as of the end of 2019. However, after more than two...

October 29, 2020

Books, Regulation, System Sustainability2020, Informal Sector, Latin America, Mexico, Pension Reform, Private Pensions

23OctOctober 23, 2020

Annual survey of investment regulation of pension funds and other pension providers 2020

By The OECD This report describes the main quantitative investment regulations that pension funds are subject to in OECD and a selection of non-OECD countries (most of which are IOPS Member countries). This report also covers the investment rules for other pension providers (such as life insurance companies) for some countries, such as Denmark, France, Ireland, Korea, Latvia and Sweden among OECD countries and Jordan among non-OECD jurisdictions. The information reflects the rules in force at the end of...

October 23, 2020

Books, Investment, Regulation, Reports2020, Pension Management

20OctOctober 20, 2020

Govt seeks to overturn Pension Schemes Bill amendment defeats

The government is seeking to overturn the four Pension Schemes Bill amendment votes it lost in the House of Lords in the summer by removing them from the bill. In a House of Commons Notices of Amendments publication, Pensions Minster, Guy Opperman, outlined the removal of the House of Lords’ amendments. The amendments relate to commercial pensions dashboards, transaction facilities on dashboards, reporting on fairness to members of collective defined contribution (CDC) schemes, and open defined benefit (DB) schemes...

October 20, 2020

News, Regulation, System Sustainability2020, Digital Financial Services, Private Pensions, Public Pensions, Technology, UK

15OctOctober 15, 2020

Workforce Aging, Pension Reforms, and Firm Outcomes

By Francesca Carta, Francesco D’Amuri, Till Von Wachter Raising statutory retirement ages has been a popular policy to increase the labor supply of older workers in the face of population aging. In this paper, we quantify the effect of a sharp and unexpected increase in retirement ages on firms’ input mix and economic outcomes using Italian administrative and survey data on employment, wages, value added and capital. Exploiting information on lifetime pension contributions for the universe of employees, we...

October 15, 2020

Articles, Labor Market, Regulation2020, Europe, Income, Investment, Italy, Pension Reform

11SepSeptember 11, 2020

2019 World Pensions Forum Held in EU Capital Before G7 Summit

By M. Nicolas J. Firzli The 8th World Pensions Forum was held 23-24 May: 130 pension executives and supranational experts representing $12 trillion in combined assets convened in Brussels to discuss “Effective Asset Ownership”. The Forum was pleased to note that some of our ideas were taken up by the Finnish presidency of the Council of Europe and the G7 Steering Committee – notably the empowerment of women entrepreneurs and the notion of institutional co-investment in private equity and sustainable...

September 11, 2020

Articles, Pension design, Regulation, Reports, System Sustainability2020, Europe, Investment

14AugAugust 14, 2020

Regulation of the European Parliament and of the Council on a pan-European Personal Pension Product

By EIOPA THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, Having regard to Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP)1 , and in particular the fourth subparagraph of Article 28(5), third subparagraph of Article 30(2), third subparagraph of Article 33(3), second subparagraph of Article 36(2), third subparagraph of Article 37(2), third subparagraph of Article 45(3) and the third subparagraph...

August 14, 2020

Books, Pension design, Regulation, Reports2020, Europe, Voluntary pensions

07AugAugust 7, 2020

Defined Benefit Pension Schemes in the UK: Asset and Liability Management

By Philippe-N. Marcaillou The goal of Asset-Liability Management (ALM) of a Defined Benefit Pension Scheme (DB) is to properly manage the risks related to variation in its building blocks on both sides of the balance sheet whilst maintaining the same expected return. This book provides a step-by-step methodology to maximize the complete restructuring and monitoring of the ALM of DB schemes. It is a product of the author's 25 years of experience and technical knowledge in ALM of...

August 7, 2020

Books, Pension Management, Regulation, System Sustainability2016, Investment, Risk, UK

30JulJuly 30, 2020

China’s Policy Instruments : Tax Reduction, Retirement Prolonging and Welfare Changes

By Peilin Yang China is facing a series of signiﬁcant debt problems. We have studied the changes in debt and beneﬁts under different policy instruments under the framework of large-scale OLG. Under the three retirement ages, as the retirement age increases, the maximum increase in beneﬁts is 17.98%, and the debt is 75.69%. Under the ﬁve tax rates, the optimal tax rate is 28%, the maximum increase in beneﬁts is 22.65%, and the maximum debt ratio is 75%. Source:...

July 30, 2020

Articles, Pension design, Regulation2020, Asia, China, Public Policy, Taxation

10JulJuly 10, 2020

Environmental Concerns and Financial Performance: Evidence from the EU Regulatory Framework

By Ricardo Correia, Carmen Mendoza, Nuria Suárez We analyze the impact of carbon and greenhouse gas emissions on firms’ accounting and market performance. Over a sample of 115 non-financial firms from 9 European countries during the 2008-2016 period, our results suggest that higher volume of both country-level carbon and greenhouse emissions have, on average, a positive and statistically significant impact on firms’ accounting performance. However, no statistical effect is found in terms of stock market performance. The results are...

July 10, 2020

Articles, ESG, Investment, Regulation2020, Climate crisis, Europe, Pension Management

03JulJuly 3, 2020

Protecting South Asia’s poor and vulnerable against COVID-19

By Lynne Sherburne Benz, Stefano Paternostro, Zaineb Majoka When India went into lockdown in late March as a result of COVID-19, one of the country’s biggest priorities was to ensure access to food. As millions risked starvation, the government mobilized its existing Public Distribution System (PDS) to give away food rations to over 800 million people, thus averting a catastrophic food crisis. As the coronavirus spreads exponentially across South Asia, food insecurity is just one of the many challenges...

July 3, 2020

Articles, Regulation, System Sustainability2020, Asia, Coronavirus, COVID-19, Income, Labor Market, Social Protection

October 2020

Pension Reform in Mexico: Guiding Principles for Creating a Sustainable and Balanced System for Private Sector Workers

Annual survey of investment regulation of pension funds and other pension providers 2020

Govt seeks to overturn Pension Schemes Bill amendment defeats

Workforce Aging, Pension Reforms, and Firm Outcomes

September 2020

2019 World Pensions Forum Held in EU Capital Before G7 Summit

August 2020

Regulation of the European Parliament and of the Council on a pan-European Personal Pension Product

Defined Benefit Pension Schemes in the UK: Asset and Liability Management

July 2020

China’s Policy Instruments : Tax Reduction, Retirement Prolonging and Welfare Changes

Environmental Concerns and Financial Performance: Evidence from the EU Regulatory Framework