2021 Archives - Page 174 of 177 - Pension Policy International

22JanJanuary 22, 2021

World Bank exposes economic and social impact of coronavirus in South Asia

Governments in South Asia, one of the poorest areas in the world, are ruthlessly imposing the burden of economic devastation created by the coronavirus pandemic onto the working masses. COVID-19 infections continue to wreak havoc, with the number of infections in the region climbing yesterday to a total of 12 million with 176,000 deaths in the region. Also Read: OECD launches MENA Pension Oultook report for the fisrt time Globally, the number of cases has hit 95 million with over...

January 22, 2021

News, Slider2021, Asia, COVID-19, Political economy

22JanJanuary 22, 2021

US. Multiemployer pension plans could soon see relief

Legislation to help struggling multiemployer pension funds is to be introduced Thursday in the House and could be headed for passage if bundled with a COVID-19 relief measure now before Congress. The proposal also calls for some funding relief for single employer plans through extended amortization periods and pension interest rate smoothing changes. The proposed Emergency Pension Plan Relief Act of 2021 is based on similar multiemployer pension reform legislation proposed in the last session of Congress as part...

January 22, 2021

News, Slider2021, Occupational Pensions, Regulation, US

22JanJanuary 22, 2021

Canadian pension funds hunt for pandemic real estate bargains

Canadian pension funds are seeking to boost their real estate investments, betting the slumping property market will recover as the COVID-19 pandemic recedes and office workers and city dwellers return to downtown properties. Canadian pension funds held $278.7 billion in property assets in 2019, up 4% from 2018, according to the Pension Investment Association of Canada, making them the country’s largest real estate owners. In a world of slower economic growth, very low interest rates, volatility in equity markets,...

January 22, 2021

News, Slider2021, Canada, Investment

22JanJanuary 22, 2021

Australia. Fresh calls for universal pension after talk of new ‘death tax’

After some talk about drawing money from deceased super estates, one seniors' advocate is recommending a universal pension. Ian Henschke, chief advocate for National Seniors Australia, has renewed calls for a universal pension scheme that isn't means tested. "Review after review complains about older people failing to spend down their capital; they don’t blame the system, they blame the retiree. And then they wonder why no one’s listening," he told Savings.com.au. "By setting income and asset limits which restrict...

January 22, 2021

News, Slider2021, Australia, Public Pensions, Taxation

22JanJanuary 22, 2021

US. Special Report: Why Pennsylvania SERS is Moving Toward a Liability-Driven Benchmark

Seth Kelly, the investment chief at the Pennsylvania State Employees’ Retirement System (SERS), joined the pension fund just half a year ago, but he’s already overseeing some big changes. Board members at the $31.5 billion pension fund last month announced that they are increasing their fixed income allocation in order to move the pension fund toward a liability-driven benchmark. The trustees hope that the changes to the investment policy statement (IPS), including a new 7.8% target for long...

January 22, 2021

News, Slider2021, COVID-19, Pension Management, US

21JanJanuary 21, 2021

Digital finance and inclusion in the time of COVID-19

By Niclas Benni The COVID-19 pandemic has resulted in severe and protracted disruptions to the livelihoods of people all around the world, both in developing and developed countries. The pervasive effects of this pandemic, which have ended up affecting every aspect of our societies, keep unfolding as the crisis progresses, leaving profound marks on people’s livelihoods and countries’ economies that are expected to last for many years after the pandemic has ended. As part of the global response to...

January 21, 2021

Books, System Sustainability2021, COVID-19, Digital Financial Services, Financial Inclusion, Informal Sector

21JanJanuary 21, 2021

US. Pandemic Puts More Households at Risk in Retirement

The National Retirement Risk Index (NRRI), calculated every three years, measures the share of American households that are at risk of not being able to maintain their pre-retirement standard of living in retirement. “Since the Great Recession, the NRRI has shown that even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes, roughly half of households are at risk,” according to the Center for Retirement Research at...

January 21, 2021

News, Slider2021, COVID-19, Income, US

21JanJanuary 21, 2021

PensionBee Introduces Pension for the Self-Employed

Online pension provider PensionBee has unveiled a new product catering for the self-employed, as research reveals only 24 per cent currently have a pension. Recent analysis from the Institute for Fiscal Studies shows that the number of self-employed workers has grown rapidly over the past two decades, yet the proportion saving into a private pension has fallen dramatically. Numbers stood at 48 per cent in 1998 but have fallen to just 16 per cent in 2018. Nearly 80 per...

January 21, 2021

News, Slider2021, Fintech, UK

21JanJanuary 21, 2021

Nordic pension giant picks Nordea to run $240m EM strategy

Finnish pension insurance giant Varma has selected Nordea to run ESG-focused $240m emerging markets equity mandate. Juliana Hansveden, portfolio manager of Nordea’s Emerging Stars Equity strategy, said better run companies are more likely to succeed over the long term, which means it is crucial to properly understand and analyse ESG risks. ‘Emerging markets continue to offer a lot of opportunities, and we are looking forward to delivering long-term sustainable performance to Varma and its stakeholders,’ she added. Varma is...

January 21, 2021

News, Slider2021, Investment, Pension Management

20JanJanuary 20, 2021

Nigeria: Old Soldiers At War Over Unpaid 20-Month Pension Arrears

As VP, others disown president of ex-servicemen welfare association A few days ago, the President of military veterans of the Association of Ex-Service Men and Family Welfare, MWO, Anthony Agbas, led some aggrieved members to the Federal Ministry of Finance, Abuja, to protest non-payment of their 20-month pension arrears. The protesters who appealed to the Federal Government to approve the payment of minimum wage arrears accruing to them from 2019 till date, demanded end to all deductions on the...

January 20, 2021

News, Slider2021, COVID-19, Nigeria, Public Pensions

January 2021