December 2021

Few Companies Make The Hard Tradeoffs To Reduce Carbon Emissions

Few Companies Make The Hard Tradeoffs To Reduce Carbon Emissions

The law firm Crowell & Moring recently released a survey-based report that looked at how companies are navigating pressures to improve their environmental performance. The company surveyed 225 executives whose jobs included environmental, social, and governance issues. 56% of respondents said their company does NOT measure its carbon footprint. What may surprise many people is that increasing pressure from investors is the third most common reason - cited by one third of respondents - for companies to adopt environmental goals....

Chile. Cámara rechaza el cuarto retiro de las AFP por falta de quorum y no habrá ley

Chile. Cámara rechaza el cuarto retiro de las AFP por falta de quorum y no habrá ley

La Cámara de Diputados rechazó esta tarde, por falta de quorum, el informe de la comisión mixta del proyecto de ley que establecía un cuarto retiro de fondos desde las AFP y un segundo anticipo de rentas vitalicias. La norma necesitaba 93 votos, pero consiguió solo 89 respaldos. De esta manera, el texto no será ley. La iniciativa se votó este viernes debido a que el Ejecutivo aplicó discusión inmediata forzando a una sesión especial para resolver el tema. El...

Socially responsible investing

By Charles Stanley Direct The human impact on the environment means changes to the way society and industry operates are necessary, while societal problems such as poverty and inequality need to be tackled. Choosing investments that take account of these issues is what we call “investing with conscience”, or socially responsible investing. Get the book here 412 views

Elderly Poverty and its Measurement

By Yoko Niimi & Charles Yuji Horioka This paper examines various aspects of elderly poverty and its measurement. It first discusses some of the most important issues relating to measuring elderly poverty. It then reviews recent trends in elderly poverty, which show considerable heterogeneity in the extent of elderly poverty even among developed countries. Such cross-country differences are due at least partly to differences in the generosity of public old-age pensions and other social safety nets for the elderly. Empirical...

Old-Age Pensions and Female Labour Supply in India

By Vidhya of Unnikrishnan & Kunal Sen Whether cash transfers have unintended behavioural effects on the recipient household’s labour supply is of considerable policy interest. We examine the impact’ of the Indira Gandhi National Old-Age Pension Scheme (IGNOAPS) on prime-age women’s labour supply decisions in India, where female labour force participation continues to decline over time. We use propensity score matching (PSM) to make households with IGNOAPS recipients comparable with program non-recipients. Further, we use individual fixed effects (FE) to...

EU Pension Taxation: Removing Another Brick in the Wall?

By Hans van Meerten & Philip Bennett On 11 November 2021, the Court of Justice (Third Chamber) decided the case of MH and ILA (Pension rights in case of bankruptcy)(C-168/20). There was no Opinion by the Advocate-General. Although usually a sign thatthe case was not that important,there are exceptions.This seems one o them. This stems from a reference from the High Court of Justice of England and Wales (‘the High Court’) to the Court of Justice. The referred question related to...

U.S. corporate plans’ funded status slips in November

Funding ratios for U.S. corporate pension plans decreased in November, according to reports from Legal & General Investment Management America, Insight Investment and Northern Trust Asset Management. Read also US. SEC guidance opens the door for more ESG proxy proposal LGIMA's monthly pension solutions monitor showed that the funding ratio of a typical corporate pension plan decreased by roughly 1.6 percentage points to 90.1% in November, primarily because of poor equity performance and lower Treasury yields. Read also US. Most Kentucky pension...

UK. Trustees warn lack of member appetite for ESG investing is hindering progress

More than half (53 per cent) of professional defined benefit (DB) pension trustees have cited the lack of member appetite for environmental, social and governance (ESG) investing as a factor hindering the growth of sustainable investing. The study, conducted by Charles Stanley Fiduciary Management, found that 35 per cent felt a lack of understanding about the options available as a hindrance, while the suspicion that ESG investing was just a fad, fears that it could harm returns, and underwhelming investment...

How Technology Can Support Healthy Aging

As populations are aging around the world, people are spending more time in poor health. In 2019, the global average time spent in poor health was 10 years, up from 8.6 years in 2000. The COVID-19 pandemic has now exacerbated health risks for the elderly, while straining the capacity of health and care systems to cope with growing demand. This moment calls for a re-examination of how the elderly can age well: independently, well cared for and happily. Below are...

Chile. Fondos de pensiones registraron rentabilidades positivas en noviembre liderados por los más conservadores

Chile. Fondos de pensiones registraron rentabilidades positivas en noviembre liderados por los más conservadores

En noviembre todos los fondos de pensiones anotaron rentabilidades positivas, destacando la de los más conservadores. De este lodo fondos A y B anotaron alzas de 0,99% y 0,96%, respectivamente; mientras que el fondo C tuvo una aumento de 1,50%. Por su parte, los fondos D y E subieron 3,03% y 4,42% cada uno. De acuerdo al reporte de la Superintendencia de Pensiones la rentabilidad del fondo de pensiones tipo A se explicó principalmente por el retorno positivo que tuvieron las...