April 2018

24Apr

La marcha atrás de una reforma no alivia la presión sobre Ortega en Nicaragua

Lo que comenzó en Nicaragua como una protesta estudiantil por un decreto del gobierno se transformó en una ola de rechazo en contra de Daniel Ortega. El presidente continuaba bajo presión ayer, pese a que revocó la reforma del sistema de pensiones que detonó una ola de violentas protestas, saqueos y choques con la policía, que dejaron por lo menos 29 muertos. El gesto de Ortega no causó el efecto que deseaba. Ayer, decenas de miles de nicaragüenses se manifestaron...

April 24, 2018
Noticias
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23Apr

Portfolio Choice, Trading, and Returns in a Large 401(K) Plan

By Pierluigi Balduzzi (Boston College), Julie R. Agnew (College of William and Mary) & Annika E. Sundén (Stockholm University) This paper examines portfolio choice, trading behavior, and realized rates of return of more than seven thousand 401(k) retirement accounts during the April 1994-August 1998 time period. The evidence on equity allocations is indicative of prudent behavior: on average our investors hold 40% of their 401(k) portfolios in stocks. In addition, patterns of stock allocations by marital status, age, and earnings...

April 23, 2018
Pension design,
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23Apr

Do People Really Want Freedom of Choice? Assessing Preferences of Pension Fund Participants

Reforms in private pension plans across the world are opening up more options for pension participants to make choices to suit their preferences. Freedom of choice is however not a unidimensional concept as it is commonly perceived by policy makers. People can value both the freedom to choose as well as the freedom not to choose This observation can have far-reaching implications for pension policy design. By using a unique panel survey among Dutch employees we are able to...

April 23, 2018
Articles, Labor Market, Pension design, Savings
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23Apr

México. Las Afores crecen su gasto comercial a inicios de año

Las Administradoras de Fondos de Ahorro para el Retiro (Afores) elevaron el gasto destinado a incorporar a más agentes promotores y fuerza de ventas en los primeros meses del año. Las Afores Banorte, Profuturo y Azteca son las que más recursos destinaron a la fuerza de ventas con respecto a su gasto total, casi 40% al cierre de febrero de 2018, de acuerdo con los últimos datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). “A pesar...

April 23, 2018
Noticias
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23Apr

Chilenos se movilizan masivamente contra AFP

Los manifestantes con banderas y pancartas exigieron el fin del actual sistema de pensiones, creado durante la dictadura de Augusto Pinochet. Los opositores dicen que este sistema ha dejado a 10 millones de chilenos inscritos en él con beneficios de jubilación extremadamente bajos. Al respecto, el nuevo Gobierno del presidente Sebastián Piñera anunció su intención de enviar al Congreso un proyecto para impulsar una reforma del sector, un intento fallido en tres ocasiones por la anterior Administración de Michelle Bachelet. Leer Más: HispanTV

April 23, 2018
Noticias
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23Apr

Anula Daniel Ortega reforma de pensiones que detonó violencia en Nicaragua

El presidente de Nicaragua, Daniel Ortega, anunció que su gobierno decidió anular las reformas al sistema de pensiones que detonaron una oleada de violencia en su país. Ortega dijo este domingo, durante un mensaje en cadena nacional, que el Consejo Directivo de Seguridad Social decidió dar marcha atrás a la reforma que establecía un alza, a partir de julio próximo, del aporte de los trabajadores y empleadores, y reducía las futuras pensiones. Leer Más: Aristegui Noticias

April 23, 2018
Noticias
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23Apr

Greece. Union labour ministry to assess long term viability of Employees Pension Scheme

The Union Labour Ministry looks to appoint an actuary to assess if the Employees' Pension Scheme (EPS) is sustainable over a long term. The EPS, 1995 is one of the three schemes meant for old-age social security of employees run by the Employees' Provident Fund Organisation (EPFO). The other two schemes are Employees' Provident Fund Scheme, 1952 and Employees' Deposit Linked Insurance Scheme, 1976. Read More: Greater Kashmir

April 23, 2018
News
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23Apr

Europe’s pension problem spurs return of veteran investors

British pensions specialist Clive Cowdery has raised $2 billion in commitments from investors for a new fund to buy up life insurance policies from companies struggling to make enough money to cover long-term payouts, sources told Reuters. The fund is one of a series of new ventures designed to capitalize on the difficulty life insurers and company pension schemes face in generating the returns required in an environment of low interest rates and tougher capital rules. Besides Cowdery’s fund, the newly...

April 23, 2018
News, Slider
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23Apr

‘No+AFP’: Thousands of Chileans march against Pinochet-era pension system

Tens of thousands of Chileans on Sunday took part in rallies and marches across the country to demand an end to the private pension system, imposed on workers in 1981 during the Augusto Pinochet dictatorship. Thousands of people marched in different cities including the capital city of Santiago, despite heavy rains. The new national march – “No+AFP” – calls for the termination of the current pension system which forces workers to deposit a portion of their wages into funds that deliver...

April 23, 2018
News, Slider
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23Apr

Nicaragua leader scraps pension reform after deadly riots

Speaking on national television, Mr Ortega renewed calls for the private sector to engage in talks. But business leaders say they will only negotiate when the government stops "repression against the protests". At least 25 people have reportedly been killed since pensioners and students first took to the streets. Read More: BBC News

April 23, 2018
News, Slider
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