Pensions

Thailand urges informal workers to prepare for their retirement

Submitted by pmassetti on Thu, 02/09/2023 - 15:37

vietnamplus.vn (07.02.2023) More than 16 million informal workers in Thailand have not participated in any savings scheme to prepare for their life during retirement even though the country is expected to become an aged society in the next two years.

Regions / Country
thailand
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Pensions

Bangladesh : Universal pension scheme: What it is and how it will work

Submitted by pmassetti on Fri, 02/03/2023 - 16:09

The Daily Star (31.01.2023) Bangladesh made a major step towards a universal pension scheme when parliament passed the Universal Pension Management Bill-2022 on January 24 with a view to bringing the country's growing elderly population under a social security system.

Regions / Country
bangladesh
Topics
Pensions
Document Type

France hit by nationwide strikes as unions fight Macron’s pension reform

Submitted by pmassetti on Fri, 01/20/2023 - 15:51

EURACTIV.com (19.01.2023) French train drivers, teachers and refinery workers were among those who walked off their jobs on Thursday (19 January) in a nationwide day of strikes against government plans to raise the retirement age by two years to 64.

Regions / Country
france
Topics
Pensions
Document Type

Working Paper : Pension funds in sub-Saharan Africa

Submitted by pmassetti on Fri, 12/16/2022 - 16:24

wider.unu.edu (2022) The population structure the world over is going through a demographic shift, and the elderly proportion is projected to increase with population growth. This change is a matter of concern for sub-Saharan African (SSA) countries, where the majority of the people are young and the rates of both population growth and unemployment are high. A good pension system provides elderly assistance and is a source of savings for long-term investment.

Regions / Country
Africa
Topics
Pensions
Document Type

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.

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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