admin, Author at Pension Policy International

03JulJuly 3, 2018

Can a reverse mortgage help save an underfunded retirement?

What if you’re close to retirement (or retired) and the bulk of your net worth is tied up in the value of your home? Such a situation is what experts call being “house rich, but cash poor.” For many seniors, their largest retirement asset is their home. And so, of course, the financial institutions found a way for folks to tap that money. It’s called a reverse mortgage, which allows people who are 62 or older to borrow against their home’s...

July 3, 2018

News, Slider

03JulJuly 3, 2018

100 Largest US Pensions Lose $27.8 Billion in Q1

The top 100 US public pension systems have had their worst performance since September 2015, reports new US Census Bureau data. Total earnings for the funds were just $14.3 billion in this year’s first quarter, and total assets lost $27.8 billion. They are now down to $3.78 trillion. Totals have not slipped since September 2015, the Census Bureau reports. Pension contributions from employees and employers also fell in the quarter. Benefit payments saw a small increase. Read More: Chief Investment Office

July 3, 2018

News, Slider

03JulJuly 3, 2018

Pensions and Pemex to figure in Lopez Obrador’s Mexico plans

Mexico’s next president, Andres Manuel Lopez Obrador, supports ideas such as creating a fiscal committee for prudent economic management, reforms of pensions and cost-cutting at state-owned oil firm Pemex, a senior aide told Reuters. The leftist Lopez Obrador won a landslide victory on Sunday, besting a four-candidate field with more than 53 percent of the vote in preliminary results. In the elections for Congress, his MORENA party and its allies could win majorities in both chambers, according to projections based...

July 3, 2018

News, Slider

03JulJuly 3, 2018

Argentina. Jubilaciones, lo que viene: uno por uno, las modificaciones que planea el Gobierno para el nuevo régimen previsional

Mientras disputa su gran batalla contra la inflación y el dólar, el Gobierno no desatiende su otro frente de conflicto: una reforma del sistema previsional que lo ayude a achicar su déficit fiscal estructural. Este tema, que ya estaba en sus preocupaciones desde que se sancionó en 2016 la "reparación histórica", también ha sido señalado en repetidas ocasiones por el FMI como una reforma imprescindible. A diferencia de lo sucedido a fines del año pasado, esta vez no se tratará sólo...

July 3, 2018

Noticias

02JulJuly 2, 2018

México. Una crisis en el tema de pensiones acecha al nuevo presidente

Justo a la mitad de la próxima administración comenzará lo que podría ser la siguiente crisis del país: la de las pensiones de las Afores, coincidieron expertos. En 2021 se cumplirán 24 años de que se creó este esquema de retiro en México, periodo que equivale a mil 250 semanas, periodo que la Ley del IMSS de 1997 establece como plazo mínimo para exigir una jubilación. Es decir que en tres años se harán las primeras reclamaciones de pensiones con...

July 2, 2018

Noticias

02JulJuly 2, 2018

Smart Approaches To UK Pension Transfer Advice

Last week the UK’s main financial regulator, the Financial Conduct Authority, recommended how firms, advisors and clients should deal with recent freedoms to shift money out of final-salary pensions into defined contribution schemes. With billion of pounds in play, this publication has noted in the past that pensions have become a sexier subject for wealth managers. Some commentators are concerned if people take out money from defined benefit pensions and blow money on consumption and end up without enough...

July 2, 2018

News

02JulJuly 2, 2018

Ireland’s ‘bizarre pensions landscape’ criticised by industry leader

Consultation on the proposed introduction of mandatory pension savings in Ireland misses the point: what is needed is simplification of Irish pension structures. At least that’s the view of Ireland’s pension trustees. The Government is preparing to launch a public consultation on how best to introduce auto-enrolment to ensure Irish workers have an adequate pension in retirement. Less than half of private-sector employees currently have occupational pension cover. Tommy Nielsen, chairman of the Association of Pension Trustees in Ireland, and legal...

July 2, 2018

News, Slider

02JulJuly 2, 2018

Perú. “El trabajador tiene posibilidades de elegir mejor su sistema previsional”

¿Cuál es la importancia del boletín informativo actualizado mediante la R. M. N° 151-2018-TR? –Permite que una persona que ingresa por primera vez a laborar, como trabajador dependiente, tenga la posibilidad de formarse una idea adecuada o al menos básica de las ventajas, desventajas, características y particularidades del Sistema Privado de Pensiones (SPP) y del Sistema Nacional de Pensiones (SNP), para tomar una decisión formada e informada al momento de elegir a cuál de los dos finalmente se afiliará. Esto...

July 2, 2018

Noticias

02JulJuly 2, 2018

UK. Women face ‘glaring’ gender pension gap

Young women aged in their late 20s or early 30s faced an 11% smaller pension pot than men by the time they retired, Fidelity International said. It said women faced a penalty because of motherhood and caring commitments. But it also accepted that the industry was partly at fault for failing to engage women. "We have to recognise where we have failed as an industry," Fidelity International's investment director, Maike Currie, told the BBC News website. She said jargon and a...

July 2, 2018

News, Uncategorized

02JulJuly 2, 2018

Chile. El 52% de los microemprendimientos son informales y en su mayoría se desarrollan en hogares o la calle

Una de las discusiones que ha estado en la agenda pública en los últimos años ha sido la informalidad del trabajo. Según los últimos resultados de empleabilidad del INE, publicados la semana pasada, del total de ocupados, el 28,8% corresponde a trabajadores que se encuentran en la informalidad. Una de las alternativas para sortear el desempleo o alternativa al empleo asalariado tradicional es la creación de una microempresa. Según un estudio realizado por el Ministerio de Economía, titulado "Informalidad en el...

July 2, 2018

Noticias

July 2018