September 2024
25Sep

UK. TPR data shows improvements in DB pension funding

The statistics show that overall, 47% of schemes reported a surplus on the Technical Provision (TP) funding basis in tranche 17 – schemes with effective valuation dates from 22 September 2021 to and inclusive of 21 September 2022 – a significant increase on the 32% in surplus in their previous valuation cycle (tranche 14). The average funding level had increased by 5% (97% in tranche 17 (median: 99%), compared to 92% in tranche 14 (median: 93%)) and recovery plan lengths...

September 25, 2024
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20Sep

Optimising Bangladesh’s Universal Pension Framework: From Lessons to Actions

By Samiha Chowdhury Social protection for the elderly, in the form of the Old-age Allowance (OAA) Programme, has been operational in Bangladesh since 1998, offering monthly financial support to senior citizens from poor and vulnerable households. As of FY24, the programme has approximately 5.8 million elderly people as beneficiaries, each receiving Tk.600 per month distributed on a quarterly basis. Apart from this, retirement benefits for the government employees and their families can also be considered a social protection programme for...

September 20, 2024
Articles, Pension design, , ,
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20Sep

The Rise of Alternatives

By Juliane Begenau, Pauline Liang & Emil Siriwardane Since the 2000s, U.S. public pensions have shifted their risky investments towards alternative assets like private equity and hedge funds, some more aggressively than others. We explore several explanations for these cross-sectional trends, focusing on those implied by the mean-variance models used by most pensions. Our evidence suggests that the rise of alternatives has been fueled by an increase in their perceived risk-adjusted returns relative to public equities. Pension beliefs are shaped...

September 20, 2024
Articles, Investment, ,
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20Sep

When the Abundance Ends: Economic Transformation, Population Aging, and Shrinking Lifecycle Surplus in China

By Feng Wang, Ke Shen & Yong Cai China’s age of abundance, driven by rapid increases in labor income and a favorable population age profile, led to a sizable surplus at the society level. Using the National Transfer Accounts (NTA) approach, this study updates results published in this journal a decade ago. It traces changes in labor income and consumption patterns in China in the 2010s, and compares them with those in the decade prior. Our results report significant shifts...

September 20, 2024
Aging, Articles, , ,
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18Sep

Inversiones y rentabilidad de los Fondos de Pensiones: Marzo 2024

Por Superintendencia de Pensiones  El valor de los Fondos de Pensiones alcanzó a $ 176.662.246 millones al 31 de marzo de 2024. Con respecto al 31 de marzo del año anterior, éste aumentó en $ 25.573.699 millones, equivalente al 16,9% (real 12,1%). La rentabilidad del Fondo de Pensiones Tipo A se explica principalmente por el retorno positivo que presentaron las inversiones en instrumentos extranjeros y acciones locales. Al respecto, tómese como referencia la rentabilidad en dólares del índice MSCI mundial,...

September 18, 2024
Administración de Pensiones, Libros, Libros, Reportes, , , ,
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18Sep

Informe de monitoreo de programas prioritarios 2023

Por Consejo Nacional de Evaluación de la Política de Desarrollo Social En 2019 se clasificaron como prioritarios 17 programas sociales coordinados por 7 dependencias (figura 1). Durante el segundo trimestre de ese año, a partir de ajustes a la estructura programática, se modificó el conjunto de programas al incorporar 2 de la pasada APF a la lista: S176 “Pensión para el Bienestar de las Personas Adultas Mayores” y S174 “Programa de Apoyo para el Bienestar de las Niñas y Niños, Hijos de Madres...

September 18, 2024
Caracterización del Sistema, Libros, Libros, Reportes, , ,
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18Sep

Empoderamiento y brecha salarial a través de indicadores internacionales de género

Por Lidia de Castro Romero, Victor Martín Barroso & Rosa Santero Sánchez Las brechas económicas de género aún persisten, como la salarial y la de acceso a puestos de poder, contra las que distintas instituciones actúan para lograr una igualdad efectiva. La identificación y cuantificación de estas desigualdades se consigue a través de indicadores simples y compuestos que actúan como instrumento en las políticas. Este trabajo revisa los principales índices sintéticos de (des)igualdad de género internacionales, poniendo el foco en...

September 18, 2024
Ahorro, Artículos, ,
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13Sep

2024 Global Retirement Index

By Natixis Investment Managers Despite positive progress for many countries in the Global Retirement Index (GRI), retirement security remains on shaky ground in 2024. More and more individuals across the globe are realizing that they’re on their own when it comes to funding their retirement. Results from the long-running Natixis Global Survey of Individual Investors reveal that the number of people who say it’s increasingly their responsibility to fund retirement on their own—rather than relying on public and private pensions—has grown...

September 13, 2024
Books, Books, Reports, System Characterization, , , ,
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13Sep

Pension Risk Transfer Monitor

By Legal & General  In this latest edition of our Pension Risk Transfer (PRT) Monitor, we off¬er a side-by-side analysis of the two largest PRT markets globally – the US and UK. We expect PRT volumes to remain elevated across the next decade. Based on current levels, more than £250 billion of combined UK and US volumes are likely to be secured by insurers in the next 3 years alone. In this bulletin we reflect on the first half of...

September 13, 2024
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13Sep

The future of retirement security: An international comparison through the lens of adequacy, sustainability, equity and plan design

By Surya Kolluri, Catherine Reilly & David Richardson The average retiree can now expect to spend about two decades in retirement, roughly double the time from 50 years ago. Along with extended lifespans, the number of workers per retiree is declining around the world and ever fewer workers have access to defined benefit (DB) plans that promise a guaranteed income in retirement. Instead, most workers save for retirement through defined contribution (DC) plans, which do not automatically convert savings into...

September 13, 2024
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