2022 Archives - Page 22 of 136 - Pension Policy International

31AugAugust 31, 2022

Nota Macroeconómica No.35 | Edición Especial Debate Electoral. Regresivo, excluyente e ineficiente ¿qué hacer con el sistema de pensiones?

Por Universidad de los Andes Colombia El sistema pensional colombiano no cumple los objetivos básicos que debería cumplir: cubre a muy pocos, a un costo elevado, y beneficia desproporcionalmente a personas de ingresos relativamente altos. En esta Nota Macroeconómica proponemos que el sistema de protección económica a la vejez transite progresivamente a un sistema en el que: (i) los sistemas de asistencia social se integran en un pilar semi contributivo, donde los no pensionados reciben un subsidio complementado con las...

August 31, 2022

Artículos, Caracterización del Sistema2022, Ahorro, Colombia, Diseño de Pensiones, Reforma de Pensiones

31AugAugust 31, 2022

US. Pension officials want Visa and Mastercard help track suspicious gun purchases

Top New York City and California pension officials want payments processors Visa Inc, Mastercard Inc and American Express to create a new tool to track suspicious gun purchases. Staff for New York City Comptroller Brad Lander, who oversees pension funds, said he has filed shareholder resolutions at Mastercard and American Express asking their boards to explain their views on whether to add a new "merchant category code" for firearms stores. Lander and a California State Teachers' Retirement System portfolio manager made...

August 31, 2022

News2022, Pension Management

31AugAugust 31, 2022

UK. Pensions industry urged to join forces to address adequacy concerns

The pensions industry has been urged to work together to reach a consensus on how to deal with the issue of under saving, after a report from B&CE found that 61 per cent of households and nearly two thirds (63 per cent) of individuals aren’t saving enough for retirement. The analysis, based on data from the ONS Wealth and Assets Survey, found that 68 per cent of Generation X workers aren’t saving enough, rising to 76 per cent amongst Millenials,...

August 31, 2022

News2022, Pension Management, savings, UK

31AugAugust 31, 2022

PFA rapped by Danish FSA over alternatives risks

Denmark’s largest commercial pension provider, PFA, has been reprimanded by the country’s Financial Supervisory Authority (FSA) for failings in the way it manages its alternative investments, such as private equity, credit and infrastructure. PFA, which manages some DKK725bn (€97.5bn) of assets, said the Danish FSA had carried out an operational inspection of its alternative investments from 16 to 25 March 2021, and based on that, the firm had received five official orders to correct procedures. The five areas concerned were PFA’s...

August 31, 2022

News2022, Aging, Labor Market

31AugAugust 31, 2022

China should encourage private pension accounts

By Jiang Xueqing China should encourage individuals to open personal accounts and choose investment vehicles under a private pension plan rolled out by the country, and the plan should be better connected with basic old-age insurance and occupational pensions to complement the current guaranteed retirement income system, industry experts said. The nation unveiled the framework of a private pension plan earlier this year amid increasing efforts to address the needs of its rapidly aging population. At the end of last year,...

August 31, 2022

News, OP Ed2022, China, Private Pensions

31AugAugust 31, 2022

Elon Musk thinks the population will collapse. Demographers say it’s not happening

Billionaire Elon Musk tweeted, not for the first time, that "population collapse due to low birth rates is a much bigger risk to civilization than global warming." Climate change is a serious problem facing the planet and experts say it's difficult to compare problems. What is clear, demographers say, is that the global population is growing, despite declines in some parts of the world, and it shouldn't be collapsing any time soon -- even with birth rates at lower levels...

August 31, 2022

News2022, Aging, Labor Market

30AugAugust 30, 2022

México. Afores deberán tener un Consejo Académico independiente: Consar

La Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) busca implementar que las 10 administradoras de fondos para el retiro (afores), de manera gremial, deberán integrar un Consejo Académico independiente, de acuerdo con un anteproyecto en poder de la Comisión Nacional de Mejora Regulatoria (Conamer). El propósito del Consejo Académico es establecer y aprobar los contenidos, guías y herramientas de evaluación que permitan validar los conocimientos de los funcionarios de las afores en materia financiera, de derivados financieros...

August 30, 2022

Noticias2022, Mexico, Operaciones, Regulación

30AugAugust 30, 2022

Colombia. Directivo del Polo Democrático Jaime Dussán es el nuevo presidente de Colpensiones

En estas últimas semanas uno de los rumores que ha rondado más es acerca de quién asumirá la dirección de Colpensiones, un tema que ha sido muy cuestionado por la oposición e incluso por partidos de gobierno que manifestaron preocupación al oír el nombre de Jaime Dussan como posible director de la entidad adscrita al Ministerio del Trabajo. Jaime Dussan es un exsenador, expresidente de la Federación Nacional de Profesores FECODE, e importante directivo del Polo Democrático Alternativo, el polémico...

August 30, 2022

Noticias2022, Administración de Pensiones, Colombia

30AugAugust 30, 2022

Panamá. Fondo del IVM al borde de la muerte

El año pasado la CSS hizo unas proyecciones que indicaban que las reservas del IVM se agotarán en el 2025 Alarmante. ‘No es un secreto que el fondo del Programa de Invalidez, Vejez y Muerte (IVM), en lo que se refiere al subsistema exclusivo de beneficio definido, tiene una sentencia a muerte sino se hace nada', advirtió el director de la Caja de Seguro Social (CSS), Enrique Lau Cortés. Explicó que la sentencia radica en que la cantidad de personas que...

August 30, 2022

Noticias2022, Panamá, Sostenibilidad del Sistema

30AugAugust 30, 2022

Vanguard moves a third of $25.4 billion high-yield fund in-house

Vanguard Group has shifted management of one-third of the assets of its Vanguard High-Yield Corporate Fund to its internal fixed-income group from Wellington Management, which will continue to manage the remaining two-thirds. The High-Yield Corporate Fund had $25.4 billion in total net assets as of July 31, according to Vanguard's website. Wellington previously managed the entire fund. Jessica Schifalacqua, a spokeswoman for Vanguard, said by email that the fixed-income group's "long-term and disciplined approach is a natural complement to Wellington Management...

August 30, 2022

News2022, Investment, Pension Management

August 2022