2023 Archives - Page 34 of 38 - Pension Policy International

21MarMarch 21, 2023

France’s government survives no-confidence votes as pension reforms move ahead

Parliament adopted a divisive pension bill Monday raising the retirement age in France from 62 to 64, after lawmakers in the lower chamber rejected two no-confidence votes against the government. But the bill pushed through by President Emmanuel Macron without lawmakers' approval still faces a review by the Constitutional Council before it can be signed into law. The council has the power to reject articles within bills but usually approves them. The first no-confidence motion, proposed by a small centrist group...

March 21, 2023

News2023, France, Pension Reform, Retirement Age

17MarMarch 17, 2023

Pension Tax Limits

By Gov.UK Individual members of registered pension schemes who make annual pension contributions over the standard annual allowance (AA), money purchase annual allowance (MPAA), or tapered annual allowance (tapered AA), and who therefore expect to become subject to an AA charge. Individual members of registered pension schemes who already have or expect to have pension savings exceeding either the standard lifetime allowance (LTA) or their protected LTA, and who therefore expect to become subject to an LTA charge. Scheme administrators of registered pension schemes who will need to...

March 17, 2023

Books, Books, Regulation2023, Retirement Age, savings, Taxation, UK

17MarMarch 17, 2023

Pension Funds and Sustainable Investment: Challenges and Opportunities

By P. Brett Hammond, Raimond Maurer, and Olivia S. Mitchell Pension Funds and Sustainable Investment: Challenges and Opportunities responds to rising global interest in environmental, social, governance (ESG), and impact investing to generate positive impact while generating financial return. Contributors explore the pros and cons of pension ESG investments and discuss case studies from the US and around the world. The findings will interest researchers, management/advisory firms, financial advisors, asset owners, and policymakers Read book here

March 17, 2023

Books, Books, Investment, Pension Management2023, Climate crisis, ESG, Investment, Pension Management

17MarMarch 17, 2023

Longevity, Health and Housing Risks Management in Retirement

By Pierre-Carl Michaud & Pascal St-Amour Annuities, long-term care insurance and reverse mortgages remain unpopular to manage longevity, medical and housing price risks after retirement. We analyze low demand using a life-cycle model structurally estimated with a unique stated-preference survey experiment of Canadian households. Low risk aversion, substitution between housing and consumption and low marginal utility when in poor health explain most of the reduced demand. Bequests motives are found to be a luxury good and play a limited role....

March 17, 2023

Articles, Pension design2023, Adequacy, Income, Longevity, Risk

17MarMarch 17, 2023

The Importance of Goals-based (and Values-based) Liability Indices: Applied to Impact and Green Investing

By Arun Muralidhar, Roland van den Brink, Patrick Groenendijk & Ronald van der Wouden Investors are creating portfolios that align with their specific goals and values. We posit that goals and values should be translated into Goals-based Liability Indices (“GLIdes”). GLIdes can be used to achieve goals, benchmark the asset portfolio, and improve governance.They allow Boards to measure progress to their overall (or multiple) goal(s) and also the relative risks of their investment policies and implementation. We first introduce the...

March 17, 2023

Articles, Investing2023, Climate crisis, Pension Management

17MarMarch 17, 2023

The Health-Consumption Effects of Increasing Retirement Age Late in the Game

By Eve Caroli, Catherine Pollak & Muriel Roger Using the differentiated increase in retirement age across cohorts introduced by the 2010 French pension reform, we estimate the health-consumption effects of a 4-month increase in retirement age. We focus on individuals who were close to retirement age but not retired yet by the time the reform was passed. Using administrative data on individual sick-leave claims and non-hospital health-care expenses, we show that the probability of having at least one sickness absence...

March 17, 2023

Articles, Pension design2023, Pension Reform, Retirement Age

17MarMarch 17, 2023

Swiss parliament backs pension overhaul but critics seek referendum

Parliament has approved an overhaul of the occupational pension scheme - a key element of Switzerland's social security system. However, voters are likely to have the final say on the issue as political parties on the left, possibly backed by the main farmer's organisation, have announced they will challenge the reform via a referendum. The legal amendment approved by parliament is intended to secure the level of the occupational pension, strengthen financing and improve the protection of part-time employees, notably women. At...

March 17, 2023

News2023, Occupational Pensions, Pension Reform, Switzerland

17MarMarch 17, 2023

Macron puts his government at risk with decision to raise the retirement age in France

French President Emmanuel Macron imposed a highly unpopular bill raising the retirement age from 62 to 64 on Thursday by shunning parliament and invoking a special constitutional power. Lawmakers were shouting, their voices shaking with emotion as Macron made the risky move, which is expected to trigger quick motions of no-confidence in his government. Riot police vans zoomed by outside the National Assembly, their sirens wailing. The proposed pension changes have prompted major strikes and protests across the country since January....

March 17, 2023

News2023, France, Pension Reform, Retirement Age

13MarMarch 13, 2023

Francia se atiborra con 5 mil 400 toneladas de basura, ante huelga de recolectores por eventual reforma de las pensiones

Las bolsas de basura se acumulaban en París, donde 5 mil 400 toneladas de desechos seguían sin ser recogidas ayer por la huelga de los recolectores, que por séptimo día consecutivo, expresan su rechazo a la reforma de las pensiones, según la alcaldía. Además de los recolectores, están paradas tres plantas de incineración a las puertas de la capital francesa, lo que explica que en algunos barrios, las bolsas ocupen toda la acera. Los agentes de la municipalidad recolectan la basura...

March 13, 2023

Noticias, Noticias2023, Francia, Reforma de Pensiones

10MarMarch 10, 2023

The gender gap in pension saving

By Jonathan Cribb, Heidi Karjalainen & Laurence O’Brien This report is an output from a programme of research on ‘Pension saving over the lifecycle’ (WEL /FR-000000374) that is funded by the Nuffield Foundation. Co-funding from the ESRCfunded Centre for the Microeconomic Analysis of Public Policy (ES/T014334/1) is also gratefully acknowledged. We are grateful to Alex Beer, Carl Emmerson and Paul Johnson for useful comments, and to Rowena Crawford for discussion and advice on this work. This work was produced using data from...

March 10, 2023

Books, Books, System Characterization2023, Gender Gap, savings, UK

March 2023