Private Pensions Archives - Page 5 of 9 - Pension Policy International

20MayMay 20, 2022

China’s private pension scheme to draw US$17.8 billion a year from savings accounts into asset management

China’s newly expanded private pension scheme will inject at least 120 billion yuan (US$17.8 billion) a year into the country’s asset-management market, according to analysts, as China Citic Bank becomes the first Chinese lender to apply for a licence to offer pension accounts in the scheme’s pilot programme. Read Also China: Big Four banks to pilot private pension scheme Under the scheme, unveiled in April, workers will be able to deposit up to 12,000 yuan per year into personal accounts that...

May 20, 2022

News2022, China, Investmwnt, Private Pensions

16MayMay 16, 2022

China: Big Four banks to pilot private pension scheme

China's Big Four state-owned banks will launch a pilot programme for retirement savings products in several regions soon, the CBIRC has announced. The banks are Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank. The retirement savings products, under development by the CBIRC and the People's Bank of China, are long-term investment plans with stable yields, fit for risk-averse residents, reported Xinhua News Agency citing the CBIRC. Banks to handle pension funds of up...

May 16, 2022

News2022, China, Coverage, Private Pensions

05MayMay 5, 2022

Effect of Pensions on the Capital Market

By Sang Wook NAM This study analyzes the impact of public and private pensions on the capital market to examine the empirical arguments for the need for pension development. To this end, we conduct an empirical analysis of the effect of pension assets on the capital markets in 17 OECD member countries. The methods comprise static and dynamic panel analyses, which are conducted in parallel based on panel data on the stock and bond markets and the asset sizes of...

May 5, 2022

Articles, Investment, Pension Management2022, Political economy, Private Pensions, Public Pensions

21AprApril 21, 2022

China to implement private pension system with a contribution cap of about $1,800 a year: report

China will soon start a new era of "private pensions" with the imminent implementation of a relevant mechanism, according to a report by the Shanghai Securities News published on Wednesday. The new mechanism, which is characterized by policy support from the government, voluntary participation and market-oriented operations, will be an important transformation of the current pension system that has a basic pension insurance and a corporate pension. According to the report, those who contribute to the basic pension insurance for workers...

April 21, 2022

News2022, China, Coverage, Private Pensions

07AprApril 7, 2022

The economy-wide effects of mandating private retirement incomes

By George Kudrna This paper investigates the economy-wide effects of mandating private (employment-related) pensions. It draws on the Australian experience with its Superannuation Guarantee legislation which mandates contributions to private retirement (superannuation) accounts. Our key objective is to quantify the long-run implications of alternative mandatory superannuation contribution rates for household economic decisions over the life cycle, household welfare, and macroeconomic and fiscal aggregates. To that end, we develop a stochastic, overlapping generations (OLG) model with labor choice and endogenous retirement,...

April 7, 2022

Articles, Pension design2022, Australia, Labor Market, Private Pensions, Social Security

03MarMarch 3, 2022

Valmex steps up efforts to grow in Mexico’s stagnant private-pension segment

After 14 years at Principal, Luis Lozano, a champion of open architecture, joined Valmex in February 2021. Since then, the institutional-investments head has been working to enhance the pension segment of Valmex’s business, as he told Fund Pro Latin America in an exclusive interview. “It is necessary to develop the voluntary pension market, especially for those with higher income who are not fully covered under the traditional and obligatory pension market (via the Afores). In this segment, replacement rates are...

March 3, 2022

News, Slider2022, Mexico, Occupational Pensions, Private Pensions

17FebFebruary 17, 2022

Assessing Chile’s Pension System: Challenges and Reform Options

By Christopher Evans & Samuel Pienknagura Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor...

February 17, 2022

Articles, Pension design, Savings2021, Chile, Pension Reform, Private Pensions, Public Pensions, Replacement Rate

14JanJanuary 14, 2022

Occupational pensions statistics

By EIOPA About Occupational Pensions Statistics EIOPA provides statistical data on how institutions for occupational retirement provision in the EU and the European Economic Area (EEA) perform. The statistics contain aggregated country level information about the basic information, balance sheet, asset exposures, expenses, member data, contributions, benefits, and transfers. Data refers to the latest information available for each reference date. Our statistics are based on quantitative pensions data reports. Occupational pension institutions in the EU and the European Economic Area (EEA) provide...

January 14, 2022

Books, Reports, System Sustainability2021, Occupational Pensions, Private Pensions

06JanJanuary 6, 2022

The Future of Multi-Pillar Pensions

By Lans Bovenberg, Casper van Ewijk & Ed Westerhout Pension systems are under serious pressure worldwide. This pressure stems not only from the well-known trend of population aging, but also from those of increasing heterogeneity of the population and increasing labour mobility. The current economic crisis has aggravated these problems, thereby exposing the vulnerability of many pension schemes to macroeconomic shocks. This book reconsiders the multi-pillar pension scheme against the background of these pressures. It adopts an integral perspective and...

January 6, 2022

Books, Pension design2012, DB Schemes, DC schemes, Private Pensions, Public Pensions

07DecDecember 7, 2021

Low Pension Savings in Ukraine: Ahead of Reform?

Ukraine took the penultimate place in the ranking of pension savings among the countries of the world. Despite the work of non-state pension funds in the country, people are reluctant to use their services. There are several quite simple reasons for this. But the low place of Ukraine in the rating can accelerate the introduction of a mandatory funded pension. Poverty and Mistrust According to the Organization for Economic Cooperation and Development (OECD), Ukraine is ranked second to last in terms...

December 7, 2021

News2021, Private Pensions, System sustainability, Ukraine

May 2022

China’s private pension scheme to draw US$17.8 billion a year from savings accounts into asset management

China: Big Four banks to pilot private pension scheme

Effect of Pensions on the Capital Market

April 2022

China to implement private pension system with a contribution cap of about $1,800 a year: report

March 2022

Valmex steps up efforts to grow in Mexico’s stagnant private-pension segment

February 2022

Assessing Chile’s Pension System: Challenges and Reform Options

January 2022

Occupational pensions statistics

The Future of Multi-Pillar Pensions

December 2021

Low Pension Savings in Ukraine: Ahead of Reform?