Slider Archives - Page 4 of 453 - Pension Policy International

18MarMarch 18, 2022

Zimbabwe: Tougher Action Against Employers Not Remitting Pension Contributions

Errant employers who do not remit the pension contributions of their employees will soon face both criminal charges and civil action with the proposed Pension Fund and Provident Fund Act now being debated by the Senate, upgrading the present law to protect pension funds. The Bill being debated this week in Senate replaces the present Pension and Provident Funds Act and upgrades the requirements for the registration and administration of pension and provident funds. Clause 17 of the Bill compels employers...

March 18, 2022

News, Slider2022, Regulation, savings, Zimbabwe

17MarMarch 17, 2022

OECD adopts revised good DC design messages as recommendation

The OECD has published a 10-point plan for the good design of defined contribution (DC) pension plans, elevating the updated “roadmap” to the status of an OECD Council recommendation. The initial guidelines were published in 2012, with the OECD’s working party on private pensions (WPPP) deciding to revise the report to incorporate all the work conducted over the years since and “to maintain its relevance given current contextual realities and the cumulated experience observed in OECD jurisdictions”. “It’s a comprehensive update...

March 17, 2022

News, Slider2022, DC schemes

17MarMarch 17, 2022

US. Inflation is causing some older Americans to delay retirement plans, survey shows

As inflation rises, many Americans are shifting life milestones, including retirement. Some 13% of Gen Xers and baby boomers say they have postponed or considered delaying plans to leave the workforce due to soaring costs. Read also US. The Smart Way for Public Pensions to Divest from Russia That’s according to a survey from the Nationwide Retirement Institute, showing a cross-generational wave of Americans canceling or postponing major events due to rising prices. Read also Global Pension Asset Values Grow to Record $56...

March 17, 2022

News, Slider2022, Income, US

17MarMarch 17, 2022

Research reveals shortcomings in retirement preparedness in the UK

Berkshire and Buckinghamshire residents are most prepared for retirement, despite only 52.3 per cent of residents being on track for a moderate income, the Hargreaves Lansdown Savings and Resilience barometer has revealed. The research showed that around 50.6 per cent of residents in Surrey, East and West Sussex were on track for a moderate retirement income, defined by the PLSA as around £20,800 per year for a single person and £30,600 per year for a couple. In addition to this, around...

March 17, 2022

News, Slider2022, Income, savings, UK

17MarMarch 17, 2022

Malaysia needs an all-encompassing national pension system

AS Malaysia joins the rest of the world in becoming an ageing society, it has become imperative for the government to address the challenges that increasing life expectancy pose to social security arrangements. Increasing life expectancy brings with it sweeping changes in population needs and capacities. The most evident sign is the strain on the pension system as the number of people requiring protection and support is on the rise. There are growing concerns that many are not prepared for a...

March 17, 2022

News, Slider2022, Aging, Informal Sector, Malaysia, Social Security

17MarMarch 17, 2022

US. G.O.P. Senate Hopeful Faces Scrutiny Over Handling of Teacher Pensions

Before he entered Pennsylvania’s Senate race, David McCormick oversaw a giant hedge fund that invested billions of dollars for the retirement plans of the state’s teachers. But Mr. McCormick’s company, Bridgewater Associates, delivered such middling profits and charged such high fees that the Pennsylvania teachers’ retirement fund moved to sell off its Bridgewater holdings beginning two years ago. Overall, Bridgewater’s performance was a contributing factor in nearly a decade of poor returns for the retirement fund, trustees of the fund said...

March 17, 2022

News, Slider2022, Pension Management, US

16MarMarch 16, 2022

US. The Smart Way for Public Pensions to Divest from Russia

With Russia’s brutal invasion of Ukraine demanding a response from freedom-loving peoples everywhere, the NATO nations and other countries around the world have embarked on a wide range of economic sanctions. Some of them are far more extensive than anybody had previously imagined possible, such as the freezing of Russian central bank assets and its global interbank access, and now the U.S. oil boycott. Amid this global expression of scorn, American state and local politicians are jumping on the...

March 16, 2022

News, Slider2022, Investment, Russia, US

16MarMarch 16, 2022

UK. What impact could the Russian invasion of Ukraine have on pensions?

The terrible atrocities in Ukraine have had major consequences on the world from creating a large-scale humanitarian crisis to unnerving global stock markets. But platform Interactive Investor (II) said that the latter has “implications for the value of pension pots and by extension, retirement plans”. Read also China markets in turmoil as Russia ties add to list of risks Initially, the concern among pension savers was that they did not want to be invested in Russian companies. A number of pension providers...

March 16, 2022

News, Slider2022, Investment, Russia, UK

16MarMarch 16, 2022

Ghana. Peoples Pension Trust partners SCBF to introduces new Pension Scheme to support women

Peoples Pension Trust (PPT) has partnered the Swiss Capacity Building Facility (SCBF) to introduce new a pension scheme. The new programme; Scaling Gender-Focused Financial Resilience (SGFR) was launched to commemorate this year’s International Women’s Day. Read also Does Informal Sector Size Impede Economy Growth in Developing Countries? SGFR will support informal, marginalized, and excluded female workers and entrepreneurs to secure their future through micro-pensions. Globally 1.8 billion people are working in the informal sector, and in Ghana, this represents approximately 80% of the...

March 16, 2022

News, Slider2022, Gender Gap, Ghana, Informal Sector

15MarMarch 15, 2022

UK pension schemes have little direct exposure to Russia, regulator says

British pension schemes have very little investment in Russian securities, The Pensions Regulator's policy director said on Monday, though he added there were practical difficulties in selling them. Moscow's invasion of Ukraine has led to many firms rushing to offload Russian assets, though Western sanctions and counter-measures by Russia have made it hard to do so. "Russian stocks do make up a very small proportion of some global indices," David Fairs, The Pensions Regulator's executive director of regulatory policy, analysis and...

March 15, 2022

News, Slider2022, Investment, Russia, UK

March 2022