July 2018

Russians protest pension reform as Putin popularity slides

Several thousand people protested Sunday across Russia against a hugely unpopular government decision to hike the pension age that has led to a record slump in President Vladimir Putin's approval ratings. Rallying in dozens of cities from the far east and Siberia to central and southern Russia, many urged Putin to oust the government, while some called on the Kremlin leader himself to "retire." Both Kremlin-friendly trade unions and political parties and Putin's top critic Alexei Navalny organised the rallies, in...

June 2018

Nigeria and the Development Quagmire: Prospects of Development through Agriculture, Food Security and Agro-Based Industrialization

By Tesky Timothy Agoben (University of Lagos, Faculty of Social Sciences, Department of Sociology ; Federal University, Ndufu-Alike, Ikwo) This paper focused on ‘The Prospects of Nigeria’s Development through Agriculture, National Food Security and Agro-Based Industrialization’. To effectively examined how these areas of the agricultural sector can serve as prospects for Nigeria’s development, the role of agriculture in a country’s development were highlighted and it was found out from previous agricultural and developmental journals that, agriculture has the potentials to...

Questioning Market Aversion in Gender Equality Strategies: Designing Legal Mechanisms for the Promotion of Gender Equality in the Family and the Market

By Hila Shamir (Tel Aviv University - Buchmann Faculty of Law),Tsilly Dagan (Bar Ilan University) & Ayelet Carmeli (Tel Aviv University) Post-industrial economies are at a crossroad. On the one hand countries are dealing with the crisis of unemployment and underemployment, developing strategies to increase labor market participation of all adults, and increase productivity. On the other hand, the same countries are responding to demographic concerns regarding an aging population and decreased birth ratios. These concerns, coupled with a growing...

Later Pension, Poorer Health? Evidence from the New State Pension Age in the UK

By Ludovico Carrino (King's College London; Ca Foscari University of Venice - Dipartimento di Economia), Karen Glaser (University of London - Department of Social Science, Health and Medicine (SSHM)) & Mauricio Avendano (King's College London) This paper examines the health impact of UK pension reforms that increased women’s State Pension age for up to six years since 2010. Exploiting an 11% increase in employment caused by the reforms, we show that rising the State Pension age reduces physical and mental...

Chile. Gino Lorenzini analizó propuesta de devolución de fondos de AFP

Controversia generó la propuesta para quienes hayan cotizado menos de cinco años en el sistema previsional. La idea es que solo ellos puedan retirar todos los fondos de manera inmediata y no en una jubilación mensual. Para entender esta iniciativa invitamos a Gino Lorenzini, fundador de Felices y Forrados, quien explicó los alcances de esta medida. Leer Más: CHV Noticias

México. Habría mejores pensiones si las empresas registran pagos reales

Antes de pensar en una nueva reforma en el sistema de pensiones que mejore el monto que percibirán los trabajadores al jubilarse, es necesario que se cumplan ciertas leyes, como el hecho de que las empresas registren a sus empleados con los salarios reales que perciben, aseguró Carmen Fernández, titular de la Coordinación de Administración de Riesgos Institucionales del Instituto Mexicano del Seguro Social (IMSS). “Es una evasión que hacen las empresas para no pagar más impuestos, aquí lo más...

UK watchdog urged to cap pension charges to end ‘rip-offs’

Britain’s markets watchdog should cap charges on drawdown of pension savings after “glacial” progress in stopping customers being ripped off, a senior lawmaker said on Thursday. Britons have been able to cash in their pension pots since the country’s pensions market was opened up in 2015. But a review by the Financial Conduct Authority (FCA) published on Thursday found that people are not always getting the best deal and that there is a lack of transparency on charges. “The FCA found...

Portugal. Civil service unions reiterate demand for 4% pay rise

“We shall today hand in the Common Demand Proposal for 2019, which was approved at a summit of unions on 22 June," Ana Avoila said at an impromptu news conference in front of the Ministry of Finance building in Lisbon. "It is a proposal that, this year, is being handed in earlier." Among the demands in the document is one for a 4% increase in salaries and pensions. “We are still awaiting the government's counterproposal to our demands," she said, adding...

PEPP Expat Pensions Ready To Roll In Europe

The new European Union PEPP pension for expats is ready to go, according to the latest reports. Draft regulations are to go before the European Parliament to allow the roll-out of the new-style pension across Europe. PEPPs – Pan European Pension Products– are designed to give retirement savers more choice while boosting the market for personal pensions, which is generally poor across the continent. Read More: iExpats

Spain. Montero wants big companies to contribute to pay the pension rise

"The government will be in tune with new taxation that is being raised from Europe and, fundamentally, by responding to taxation of 21st century, in terms of technology, environment or those issues which, today, taxation does not pick up that Activity or no such services are severed. " In this way, Minister of Finance announced yesterday in Congress its intention to update Spanish tax system. Its intention is to gradually increase fiscal pressure to help finance increase in pensions...