May 2018

08May

México. Principal y Metlife Afore concretan su fusión

Principal concluyó el proceso de integración de MetLife Afore, por lo que se convierte a partir de este lunes en la quinta Administradora de Fondos para el Retiro (Afore) más grande del país. En un comunicado, expuso que se dio por terminada la fusión tras concretar la compra en febrero pasado, con la cual alcanzará una participación de 7 por ciento del mercado local, compuesto por 10 instituciones financieras que en conjunto administran 60 millones de cuentas individuales para el...

May 8, 2018
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08May

How to Manage the Timing and Sources of Income in Retirement

Retirement income functions much differently from income during your working years. When you were employed, you most likely had a single employer and a single income source. As a retiree, you likely receive income from multiple sources, including Social Security, one or more IRAs, possibly a pension, and an investment account or two. While working you receive a check on a recurring basis (i.e., every two weeks). As a retired person, you might receive income monthly, quarterly, annually and even...

May 8, 2018
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08May

US. What happens when your pension fund runs out of money

Now, they're thinking about selling their home and skipping their annual trip to Maine. They've already dipped into their savings. This is not the retirement they planned for. After working for 30 years as a truck driver for UPS, Van Alstyne was promised $5,141 a month by the The New York State Teamsters Conference Pension and Retirement Fund. "I hated the job from day one, but I stayed with it because I was promised a secure pension," said Van Alstyne, now...

May 8, 2018
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08May

Radical ideas for rebalancing Britain’s baby boomers and millennials

The Resolution Foundation is not short of ambition. It believes its new report, A New Generational Contract, can reframe the political debate, shifting it away from free-market, small state concerns towards the new anxieties of voters. The report underlines how funding for the NHS has become a priority for every generation of voters, while even the older, affluent middle classes are worried that their children will never be able to buy a home. David Willetts, the former Conservative cabinet minister who...

May 8, 2018
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08May

AfDB Seeks to Plug Africa $170 Billion Infrastructure Needs

The African Development Bank seeks investments from global pensions and commercial financiers to help fund the continent’s infrastructure gap of as much as $170 billion a year. The Abidjan-based lender is launching its Africa Investment Forum in Johannesburg on Tuesday. The forum will host its first meeting in November in South Africa’s commercial hub and will have “no speeches,” but rather present bankable projects to investors, according to AfDB President Akinwumi Adesina. The forum is “very unique,” Adesina said in an...

May 8, 2018
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08May

US. Central States Pension Fund Could Be Insolvent by 2025

The Central States Pension Fund faces insolvency by 2025, and only congressional action can save it, the fund’s executive director says. Thomas Nyhan, who leads the $15.1 billion fund, told its 400,000 members during a conference call late Wednesday night to take up the issue. “Without your voice, there will be no legislation, and the fund will become insolvent,” Nyhan said on the call, urging beneficiaries to tell lawmakers the impact the fund’s insolvency would have on their lives. Read More: Chief Investment...

May 8, 2018
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07May

Chile. Un 5,3% de los jóvenes que cotizan para su pensión hace ahorro voluntario, pero la mitad lo tiene invertido en el fondo E

A la espera de que se anuncie una reforma al sistema de pensiones, la situación previsional de los jóvenes no es la mejor. Actualmente, hay 5,3 millones de cotizantes en el sistema previsional, de ese total, 661.741 son jóvenes menores de 25 años. Un 2% son menores de 20 años, y un 10% tienen entre 20 y 25 años. Según un estudio de la Asociación de AFP, las personas comienzan a cotizar a los 27 años, en promedio. Un ingreso...

May 7, 2018
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07May

Nicaragua crea Comisión de la Verdad por muertes durante protestas

El parlamento de Nicaragua, dominado por el oficialismo, creó el domingo una "Comisión de la Verdad" para esclarecer la muerte de 45 personas durante protestas contra el presidente Daniel Ortega hace dos semanas, mientras las movilizaciones contra el gobierno continúan. La "Comisión de la Verdad, Justicia y Paz", conformada por cinco miembros, fue juramentada por el Parlamento durante una jornada en la que centenas de nicaragüenses volvieron a protestar en varias ciudades para exigir justicia para los fallecidos. Las protestas iniciadas...

May 7, 2018
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07May

Retirement Advice Young Leaders Need To Hear Now

When I read the article "21 Unvarnished Truths About Retirement" by Jonathan Look, I thought immediately of some of my coaching clients even though they aren't anywhere near retirement. Two truths, in particular, triggered this reaction: 17. Stop searching for happiness. The only place you can be happy is in the present. Stop chasing tomorrow and fully experience happiness today." 7. Ambition can be a killer. I hate to break it to you, but you aren’t going to be Number One in...

May 7, 2018
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07May

India. NPS Withdrawal Rules Changed: Ten Things To Know

Unlike the popular perception that the investment in a government-conceived and promoted national pension system (NPS) is locked until the subscriber makes an exit from the scheme, there are some exceptions made from time to time to allow the subscribers to withdraw a part of the accumulated funds. Currently, the withdrawal limit is 25%, and can be made for a host of reasons that include critical illness, marriage of children and the purchase/construction of house. Recently, the pension fund...

May 7, 2018
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