Slider Archives - Page 426 of 453 - Pension Policy International

25OctOctober 25, 2017

Morneau Shepell releases the results of its Performance Universe of Pension Managers’ Pooled Funds

Pension funds post positive returns in the third quarter of 2017. Morneau Shepell (MSI) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the third quarter of 2017. According to the report, in the third quarter of 2017, diversified pooled fund managers posted a median return of 0.9 per cent before management fees. "In the third quarter, the Canadian and global stock markets posted positive returns. The recovery of the energy sector had a positive impact...

October 25, 2017

News, Slider

24OctOctober 24, 2017

About 100,000 Greeks Receive their Pensions from the German State

100,000 Greek citizens are receiving their pensions from the German state, wrote German newspaper Rheinische Post. Rentenversicherung data shows that the number of Greek pensioners eligible for a German pension has more than doubled since 1990, the year of German reunification, to 1.76 million people, from 780,000. That amounts to 7% of all pensions in Germany. Almost one million pensions are being payed by the German Pensions Desk to pensioners from countries such as Italy (373,000); Spain (226,000); Greece (100,000); France (87,000), and Turkey...

October 24, 2017

News, SliderGermany, Greece

24OctOctober 24, 2017

After election win, Abe prioritizes aging Japan

Fresh off a decisive election victory, Japan’s leader pledged Monday to tackle what he called Japan’s two national crises: the military threat from North Korea and an aging and shrinking population. Prime Minister Shinzo Abe said at a news conference that he is committed to protect the Japanese people’s prosperity and peace from any contingency. He also referred to Japanese people who were abducted years ago and are believed to still be held by North Korea. “I will pursue decisive and...

October 24, 2017

News, SliderJapan

24OctOctober 24, 2017

Pension Systems At Risk Of Creating Inter-Generational Equity Issues

Unsustainable pension systems in some countries need to learn from leading countries or risk creating intergenerational equity issues and disappointed retirees. Now measuring 30 countries and covering 60% of the world’s population, this year’s ninth edition of the Melbourne Mercer Global Pension Index urges countries with unsustainable pension systems to take action now, rather than risk the need to take even more drastic action in the future. Jacques Goulet, President of Health and Wealth at Mercer, stresses the need for countries...

October 24, 2017

News, Slider

24OctOctober 24, 2017

China. Nation to reduce disparity in pensions, expand jobs

China will continue its policies to boost employment and make further efforts to coordinate pensions across provincial regions to help cover more people, a top human resources regulator said on Sunday. "We will continue the strategy to prioritize employment, especially to integrate with macroeconomic, industrial and financial policies, to create more jobs," Yin Weimin, minister of human resources and social security, said at a news conference hosted by the press center of the 19th National Congress of the Communist Party...

October 24, 2017

News, SliderChina

24OctOctober 24, 2017

South Africa. Gigaba asked not to use government pension fund to bail out SAA

The DA-run Western Cape government has voiced its opposition to the use of public sector workers' pension funds to bail out South African Airways. Finance MEC Ivan Meyer said he had written to Finance Minister Malusi Gigaba to register his opposition to such plans. "I cannot support any decision that puts the pensions of public sector workers at risk‚" said Meyer. He said he had previously spoke against the proposal at the budget council of last month. "We cannot allow any...

October 24, 2017

News, SliderSouth Africa

23OctOctober 23, 2017

Trump says ‘there will be NO change to your 401(k)’ after reports Republicans want new caps on retirement savings

President Donald Trump used Twitter to dispel reports that the forthcoming Republican tax-reform plan would include big changes to how people could save for retirement. Reports on Friday said that GOP leaders were considering a cap on the amount of money that could be placed in a traditional, tax-deferred 401(k) to help pay for part of their tax plan. On Monday, Trump said this change would not take place because it is a popular middle-class tax break. Read More @Business Insider

October 23, 2017

News, SliderUS

20OctOctober 20, 2017

UN’s $61 Billion Pension Fund Gets New Chief After Shortfalls

UN Secretary-General Antonio Guterres named Sudhir Rajkumar, a top official at the World Bank Treasury, to head the global body’s $61 billion pension fund in an attempt to reverse three years of below-target returns. Rajkumar will replace Carolyn Boykin, the former chief investment officer of the Maryland State Retirement and Pension System, in January, United Nations spokesman Stephane Dujarric told reporters Thursday. In December, the UN General Assembly criticized the pension fund’s performance, singling out $3.4 billion in foreign-exchange costs,...

October 20, 2017

News, Slider

20OctOctober 20, 2017

US. Government report sounds alarm on retirement crisis

A new government report is sounding the alarm to Congress about a looming retirement crisis if nothing is done to fix existing roadblocks to financial security for many Americans. The Government Accounting Office paper calls on lawmakers to create an independent commission to "comprehensively examine" the U.S. retirement system — including Social Security, workplace retirement plans and individual savings — and make recommendations for improvements. The goals, the report said, should be to: Promote universal access to retirement savings Ensure greater...

October 20, 2017

News, SliderUS

20OctOctober 20, 2017

ESMA Receives Mandate on Fund Performance from European Commission

The European Securities and Markets Authority (ESMA) has received a mandate from the European Commission (EC) requesting the European Supervisory Authorities (ESAs) – the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and ESMA – to issue recurrent reports on the cost and past performance of the main categories of retail investment, insurance and pension products. The request supports the action, included in the EC’s Mid Term Review of the Capital Markets Union of 8 June 2017, on...

October 20, 2017

News, SliderEU

October 2017