admin, Author at Pension Policy International

21FebFebruary 21, 2018

México. Principal completó la compra de MetLife

La administradora de fondos para el retiro (afore) Principal informó que ya completó la compra de MetLife, con lo que se posiciona como la quinta afore con más cuentas de trabajadores que ahorran para su pensión. Sin especificar el monto de la adquisición, Mariano Ugarte del Solar, director general de Principal, comentó que con las cuentas de MetLife tendrán mayores recursos para mejorar los servicios que ofrecen a los ahorradores y para incrementar las inversiones con el fin de otorgar...

February 21, 2018

NoticiasMexico

21FebFebruary 21, 2018

Whose Retirement Crisis? Household Savings or Public Financing?

So interesting that the conception of a retirement crisis among the financial industry and policy makers is so different from what ordinary people in working households think the retirement crisis is. To the finance and policy elites, the “retirement” crisis is that state and local government entities may have to raise taxes to pay for their pension obligations. Closer to what ordinary people view as the retirement crisis is the World Economic Forum’s analysis (I was on the advisory board committee)....

February 21, 2018

News

21FebFebruary 21, 2018

Pensions In Spain: A Bleak Outlook

Why does the State not allow future pensioners who save and invest on their own behalf to have the same tax advantages as funds? I had the feeling they were ripping me off. And now I am certain. In the period from December 2002–December 2017, the Ibex 35 provided a return of 226% (annual average of 8.19%). The return on the 15-year goverment bond was 97% (annual average of 4.61%). The average return on pension funds was 60% (annual average of...

February 21, 2018

News, Slider

21FebFebruary 21, 2018

Principal Completes the Purchase of MetLife Afore in Mexico

Today, Principal Financial Group® (“Principal”) announced it has completed its acquisition of MetLife Afore, S.A. de C.V. (“MetLife Afore”), MetLife, Inc.’s pension fund management business in Mexico, attaining full regulatory approval for the deal. The purchase and integration will position its Principal Afore, S.A. de C.V. (“Principal Afore”) as the fifth largest Afore in Mexico with more than 7 percent market share*. “Mexico is a growing and important market for Principal,” said Luis Valdes, president of Principal International, the global...

February 21, 2018

News, Slider

21FebFebruary 21, 2018

Temer’s failure on Brazil pension reform leaves tricky task to successor

President Michel Temer’s decision to throw in the towel on reforming Brazil’s loss-making pension system leaves the unpopular measure as a campaign issue for October’s elections and a major headache for his successor. Monday’s announcement that Temer was abandoning an overhaul of the social security system - billed as the centerpiece of his efforts at fiscal reform - sparked immediate concern from credit rating agencies that Latin America’s largest economy was failing to put its financial house in order. Brazil’s generous...

February 21, 2018

News, Slider

20FebFebruary 20, 2018

El Salvador. No ha aumentado la cobertura del sistema de pensiones: CEPAL

La Comisión Económica para América Latina y el Caribe (CEPAL) señaló que en El Salvador no se ha logrado resolver el problema de baja cobertura del sistema de pensiones y que la mayoría de los que cotizan no cumplen los requisitos. “A casi 20 años de la implementación de la reforma de 1998, no solo no se ha logrado el objetivo de aumentar la cobertura del sistema de pensiones, sino que la existente es muy desigual”, reza el informe llamado...

February 20, 2018

Noticias

20FebFebruary 20, 2018

España. PSOE acusa a Rajoy de “cambiar pensiones por subsidios” y de “reírse” del Pacto de Toledo

El portavoz del PSOE en el Senado, Ander Gil, ha acusado este martes al presidente del Gobierno, Mariano Rajoy, de "cambiar pensiones por subsidios" y de "reírse" del Pacto de Toledo. En declaraciones tras la Junta de Portavoces de la Cámara Alta, Gil ha denunciado que "las derechas del Partido Popular y Ciudadanos están dejando morir el sistema público de pensiones". El PSOE defiende en el Pleno del Senado de este martes una moción para que el Gobierno presente una propuesta...

February 20, 2018

NoticiasEspaña

20FebFebruary 20, 2018

México. Pensión hipotecaria, una opción para financiar el retiro… con un costo

La mayoría de los mexicanos considera que podrá subsistir en su jubilación con su pensión (49%, según la Comisión Nacional del Sistema de Ahorro para el Retiro). Sin embargo, se debe tener en cuenta que datos oficiales indican que los adultos mayores en nuestro país se retiran con pensiones entre 20 y 25% de su último salario, montos que difícilmente resultan suficientes para sustentar gastos cruciales en esta etapa, como el de vivienda. En este contexto, surge el esquema de...

February 20, 2018

Noticias

20FebFebruary 20, 2018

UK. Britain’s pensions regulator ignored trustee requests on Carillion: lawmakers

Britain’s pensions regulator twice ignored requests from trustees of collapsed outsourcing firm Carillion (CLLN.L) to force the company to plug its pension deficit, lawmakers said on Tuesday. The Pensions Regulator has come under fire for taking insufficient steps to protect pension scheme members of troubled companies, following the collapse of department store chain BHS in 2016. Carillion collapsed on Jan. 15, with only 29 million pounds ($41 million) of cash left. It had pension liabilities of around 2.5 billion pounds, two...

February 20, 2018

News, SliderUK

20FebFebruary 20, 2018

UK. What Were the Outcomes of the Work and Pensions Committee Report?

“The outcome of the report comes as no real surprise. It concluded that the process for members to decide whether to move to the new British Steel Pension Scheme (BSPS2) was hurried and the communication far too complex with not enough bespoke information. These factors contributed to many members transferring out of the scheme to a defined contribution arrangement, which was not in their best interest. “Nearly all members would be better off moving to the BSPS2, but as formal...

February 20, 2018

News, SliderUK

February 2018