April 2018

06Apr

NZ closer to improved Pacific pension portability

New Zealand's Minister for Social Development, Carmel Sepuloni, says better access to Superannuation or the Veteran's Pension for people in the realm countries has moved a step closer. Parliament yesterday heard the first reading of amendments to the Social Assistance (Residency Qualification) bill. Ms Sepuloni said the changes would allow people applying for New Zealand Superannuation or Veteran's Pension in New Zealand, the Cook Islands, Niue or Tokelau, to be able to use residency in any of those places to meet...

April 6, 2018
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06Apr

Sweden’s self-correcting pay-as-you-go pension system

Sweden has a reputation for providing expensive cradle-to-grave social welfare protection, but in 1998 the country put in place a public pension reform more conservative than most of the plans now sponsored throughout the industrialized West. The 1998 reform imposed a budget constraint on pension spending that is enforced automatically, without the need for further approval by the Swedish parliament. As a result, while other countries with advanced economies, including the U.S., are still grappling with large unfunded public...

April 6, 2018
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06Apr

UK. Pension contribution increases a ‘harsh jolt’ for millions

From the start of the new tax year on Friday, workers in auto-enrolment pensions will see minimum contributions rise from 1% of their income to 3%. One accountancy firm is warning that pay packets will suffer as a result. But other experts say the contributions are easily affordable and will mean higher incomes in retirement. "The increase in monthly auto-enrolment pension contributions may result in a decrease in take-home pay for some workers," said Rebecca Goldring, a tax manager at accountancy firm...

April 6, 2018
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05Apr

El Salvador debe considerar subir la edad del retiro para la sostenibilidad fiscal: FMI

Las reformas al sistema de pensiones dieron alivio a las finanzas del país, sin embargo, el problema no se ha resuelto. Para el Fondo Monetario Internacional (FMI), una medida acertada es incrementar la edad de retiro, actualmente de 55 para las mujeres y 60 para los hombres. “Se está considerando un aumento moderado de un año como máximo en 2022. Aumentos de mayor alcance de la edad de jubilación mejorarían las futuras tasas de reemplazo en el sistema de pensiones”,...

April 5, 2018
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05Apr

Brazil. Pension fund Previ not likely to sell its Vale shares in 2018

Brazilian pension fund Previ is not likely to sell its shares in Vale SA (VALE3.SA) in a public offering this year, a person with knowledge of the matter said on Wednesday, a week after the iron ore miner announced a more generous dividend policy. Holding on to its full Vale stake would allow Previ to take advantage of Vale’s growing dividends as earnings are seen improving, the source said, requesting anonymity to discuss the matter freely. On March 29, Vale approved...

April 5, 2018
News
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05Apr

South Africa. A retirement plan few will tell you about

For those of you who do not know what a tax-free savings account is, it is basically government’s way of giving you money encouraging people to save and invest. Everything you put into a TFSA is, well, tax free. There is no Capital Gains Tax, and you wont be taxed on any interest, income or dividends. In short, TFSAs are pretty awesome. However, there are a few rules. You are not allowed to put more than R33 000 a year into...

April 5, 2018
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05Apr

NZ has one of least generous pensions in OECD

New Zealand has one of the least generous pensions relative to the working wage, according to research by the Organisation for Economic Co-operation and Development (OECD). Retirees in the Netherlands receive more than 100% of their country's average working wage but Kiwi superannuitants get just 43% - ranking it 6th worst equal with Australia. But it could be worse. Pensioners in the United Kingdom get just 29% of the average working wage and those living in South Africa, which is not in...

April 5, 2018
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05Apr

Perú. Empresas: Asociación de AFP busca mecanismos que faciliten pago de aportes atrasados

La Asociación de Administradoras Privadas de Fondos de Pensiones (AAFP) busca mecanismos que permitan conocer los aportes atrasados reales de los afiliados a las AFP en las empresas privadas y facilitar el pago de los mismos, informó hoy la Asociación de AFP. “El Ministerio de Trabajo y Promoción del Empleo (MTPE) tiene un registro electrónico de la planilla de los trabajadores y si se pudiera juntar con la base de datos de las AFP se podría conocer la deuda real,...

April 5, 2018
Noticias
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05Apr

Rediseño general del sistema de pensiones español

Por Ricardo Mateo Dueñas El sistema de pensiones que se propone a continuación tiene fundamentos en dos elementos principales. En primer lugar, un sistema de financiación basado en los capitales de cobertura con reservas financieras para los pensionistas, que permita incorporar a empresas privadas en la gestión de pensiones. En segundo lugar, un sistema de gestión de las cotizaciones sociales que simula un sistema de capitalización individual, sin reservas para los cotizantes, donde existe un administrador que es el Estado,...

April 5, 2018
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