March 2018

Northern Ireland. Pension fund urged to get out of fossil fuels

Fossil Free Northern Ireland wants the NI Local Government Pension scheme to cut its ties with major firms. They include companies like BP and gas firm Centrica which has interests in shale gas exploration, or fracking. But the fund has already said it will not take its money out of oil and gas. Climate change The pension scheme is the biggest in Northern Ireland and covers 118,000 workers employed by public bodies. Read More: BBC News

Exploring Belarus’s massive gender longevity gap

The Belarusian gender debate understandably focuses on women’s rights, but in reality, men deserve as much attention. Belarusian men have a far lower life expectancy than women; lower even than North Korean men. Both men themselves and state authorities bear responsibility for this. Belarus remains one of the most alcoholic nations in the world and Belarusian men generally treat their health with indifference. This has painful consequences. Families lose a parent and a money-maker, while the state loses a taxpayer. Even...

66% of Millennials have nothing saved for retirement

That's no surprise. After paying bills, rent and making student loan payments, there's often not much leftover each month for young people, many of whom entered the workforce at a time of stagnant wages and high unemployment. But a new report shows just how far off track they might be. About 66% of people between the ages of 21 and 32 have absolutely nothing saved for retirement, according to the National Institute on Retirement Security. The report is based on...

Argentina. Anses: detectan actas falsas de matrimonio para cobrar pensiones de muertos

La Anses descubrió que cientos de personas percibieron dinero del Estado de matrimonios inexistentes. Decían que se habían casado, pero era mentira: sus parejas eran muertos. La Dra. Natalia Neme, gerente de la Udai Santiago del Estero informó que, "en el marco de la política de control de gestión establecida por el titular de la Anses Nación, Emilio Basavilbaso", desde que está a cargo del organismo "se han llevado adelante 20 programas de frontera a partir de los cuales se...

Chile. Super de Pensiones emite normas que ordena a las AFP aclarar destino de fondos rezagados

La Superintendencia de Pensiones emitió durante este martes dos normas relacionadas a los rezagos del Sistema de Pensiones y que obliga a las AFP a aclarar el destino de estos fondos, de manera que estos sean acreditados en las cuentas individuales de los trabajadores afiliados a las administradoras. Según informó el organismo regulador, la nueva norma instruye el envío de información a las AFP por parte de la Administradora de Fondos de Cesantía (AFC). “Esa entidad, debido al contacto que...

México. Ahorro para el retiro se redujo en febrero tras 14 meses de alzas

En febrero pasado, el saldo en el Sistema de Ahorro para el Retiro (SAR) se ubicó en 3 billones 192,741 millones de pesos, lo que implicó una reducción de 23,653 millones respecto al mes previo, luego de 14 meses consecutivos de aumentos. De acuerdo con las cifras actualizadas de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) publicadas este martes, dicho comportamiento representó una baja de 0.74% en comparación con enero cuando tocó la cifra récord de...

French Polynesia. Unions in Tahiti to strike over government pension reform

Unions in French Polynesia are today holding a general strike in a bid to stop the government's pension reform. A union umbrella group is planning to gather outside the territorial assembly to demand that the reform plan be abandoned. Its leaders are due to meet the assembly president Marcel Tuihani, the French High Commissioner Rene Bidal and the president Edouard Fritch. Read More: Radio NZ

Ireland. Everyone has the right to a sufficient income in old age

Every person has the right to sufficient income to live life with dignity in old age. Every older person has contributed in one way or another over the years. Many contributed through their jobs. Others did so by caring for children, older people or people who were ill or disabled. Others still have made great contributions to their communities, to local organisations, to their families and friends. When people are older they should not be short of the essentials. Yet an...

It’s high time Gen X takes retirement seriously

Born into the Cold War and squeezed between two larger demographic groups, Gen Xers have long been known as the "forgotten generation." But for a bunch of loners whom the media gave up on in the mid-1990s, we Gen Xers have done pretty well for ourselves. We've built our own businesses and communities, quickly adapted to changing business environments and the rise of tech, and survived the worst financial crisis in modern history. As a Gen Xer myself, I'm proud...

CPPIB backs fledgling hedge funds as titans falter

Canada’s biggest pension plan aims to back as many as four fledgling hedge funds a year at a time when investors are balking at high fees and disappointing returns from the industry’s biggest managers. Canada Pension Plan Investment Board has made initial investments of as much as $250 million each in five startups and young hedge funds under its Emerging Managers Program in the past two years, according to Poul Winslow, Toronto-based head of thematic investing and external portfolio management....