Pensions

Germany prepares to reform all three pension system pillars

Submitted by pmassetti on Mon, 11/21/2022 - 16:28

ipe.com (15.11.2022) The German government is targeting a comprehensive reform of all the three pension system pillars during what it considers a turning point in history – Zeitwende – with high inflation, possible recession, changes in economic policies and demographic pressures.

Regions / Country
germany
Topics
Pensions
Document Type

Nordic pension funds want to increase climate investments in emerging markets and developing economies

Submitted by pmassetti on Thu, 11/10/2022 - 17:09

At COP27 in Sharm el-Sheikh, Egypt, the Climate Investment Coalition (CIC), in collaboration with the Nordic Council of Ministers, presented key investor recommendations to bridge the climate finance and investment gap by 2030 towards emerging markets and developing economies. This was made alongside an overview of Nordic pension fund progress within climate and clean energy investments in 2022.

Topics
Pensions
Document Type

Chile's Boric announces plan to end private pension system

Submitted by pmassetti on Mon, 11/07/2022 - 15:16

Windsor Star (02.11.2022) Chile’s President Gabriel Boric on Wednesday announced his long-awaited plan to reform the country’s controversial private pension system.  In a televised address, Boric said he was planning to end Chile’s Pension Fund Administrators (AFP) system in lieu of a new private-public social security system that would see new contributions from employers and the state. “The AFPs, in this reform, are finished,” Boric said, adding that new private entities would still be allowed to invest pension funds, but there will also be a public alternative.

Regions / Country
chile
Topics
Pensions
Document Type

Sustainable finance policy a ‘blind spot’ for European pension funds

Submitted by pmassetti on Mon, 10/03/2022 - 15:46

Pension Policy International (30.09.2022) Some of Europe’s biggest pension funds are not actively engaged in emerging EU-level sustainable finance policy, according to climate think tank InfluenceMap. As reported by European Pensions, the research, which covered 25 of Europe’s largest pension funds and 10 national pension fund associations, found that only four of the 25 funds and five of the 10 associations showed ‘meaningful engagement’ with sustainable finance policy.

Regions / Country
european union
Topics
Pensions
Document Type

Germany debates raising retirement age to 70

Submitted by pmassetti on Tue, 08/30/2022 - 14:55

dw.com (August 2022) An aging population, a dramatic labor shortage and a pension pot shortfall are an explosive mix for German economy and society. Would raising the age of retirement to 70 kill all those birds with one stone?

Regions / Country
germany
Global challenges
Topics
Pensions
Document Type

Ghana: SSNIT to embark on mass registration exercise

Submitted by pmassetti on Tue, 08/16/2022 - 16:20

modernghana.com (14.08.2022) The Social Security and National Insurance Trust (SSNIT) says it will soon embark on a mass registration exercise, especially among those in the informal sector to shore up its membership. The prime objective is to ensure many Ghanaian workers are enrolled onto the scheme as against the current situation where only 1.7 million out of the remaining millions of the workers are active members of SSNIT.

Regions / Country
ghana
Topics
Pensions
Document Type

UK. Minister calls on pension schemes to get “data ready” for dashboards

Submitted by pmassetti on Fri, 07/15/2022 - 15:36

Pension Policy International (14.07.2022) The calls come as the government publishes its response to a consultation which gathered feedback from industry, potential providers, consumer groups and future users on what data should be included and how this should be displayed to people. Bringing pensions into the digital age, dashboards will allow savers to see what they have in their various pensions – including their State Pension – in a single place online, at any time they choose.

Regions / Country
united kingdom
Global challenges
Topics
Pensions
Interoperability
E-services
Document Type

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

Submitted by pmassetti on Fri, 05/20/2022 - 11:44

Global Times (21.04.2022) 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.

Regions / Country
china
Topics
Pensions
Document Type