February 2018

New Zealand. Analysis: Is an increase to the retirement age really inevitable?

At what age do you hope to start getting the pension? Former ANZ chief economist Cameron Bagrie reignited the debate this week when he said it would not be able to remain at 65. National committed to increasing the age by two years in 20 years' time, but that was scuttled when they were pushed out of government in the most recent election. Bagrie said, with an ageing population, there would be fewer workers supporting more retirees. "It doesn't look...

There’s another option when the answer to ‘can I retire’ is ‘not yet’

It is pretty safe to assume that if you are reading this you have an interest in knowing whether you can retire now. The question may have been thrust upon you by an employer who decided that your services were no longer required. Or maybe health issues forced you out of the workforce earlier than expected, or are making life unbearable while working. You may badly want to retire. Yet when you face financial reality, the answer to the retirement question...

Rising U.S. bond yields offer relief to corporate America’s pension plans

The swift rise in U.S. bond yields in February may be whipsawing some stock market portfolios but it may bring relief to corporate America’s largest pension plans. For pension funds, rising interest rates can generate more investment income to cover their obligations to pay pensioners. The prolonged low-rate, low-volatility environment since the 2008 financial crisis posed a challenge for pension fund managers. Not only were returns on bonds low, but the market value of their liabilities was rising, reducing the so-called...

State Lawmakers Say New Pension Bill Is Coming This Week

Republican leaders of the state legislature say a new proposal to overhaul the state’s public retirement systems will be unveiled later this week. Kentucky’s pension systems are among the worst-funded in the nation and Gov. Matt Bevin, along with many in the Republican-led legislature, wants to change how much state workers earn in benefits in order to reduce the state’s pension liability in the future. It’s unclear what will be in the new proposal, but lawmakers have hinted that it won’t...

Colombia. Entérese de cómo acceder a un ahorro para la vejez

Si usted tiene tres años menos que la edad mínima de jubilación (57 mujeres y 62 hombres), es perteneciente a los niveles 1 ó 2 del Sisbén, tiene ingresos menores al salario mínimo legal vigente (781.242 pesos) y quiere contar con un ahorro o apoyo económico que le garantice un sustento económico razonable para el retiro, puede acceder a estos beneficios. El Ministerio de Trabajo, cartera encargada de entregar la inversión al programa Colombia Mayor, dio a conocer hace un...

España. ¿Cómo quedan los planes de pensiones tras la última reforma del Gobierno?

Los planes de pensiones son un producto de inversión concebido para ahorrar dinero para completar la pensión de jubilación. Cuando se crearon, en los años 80, la única forma de rescatar el dinero era alcanzar la edad de retiro. Pero poco a poco se fueron añadiendo nuevos supuestos para recuperar los fondos: en caso de paro de larga duración, en caso de amenaza de desahucio de la vivienda habitual... La última incorporación al catálogo de supuestos de liquidez es la...

México. Afores invierten en el primer Fibra E de energía de la CFE

La Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) reveló que 40 millones de trabajadores mexicanos se beneficiarán de la inversión que afores llevaron a cabo en el Fibra E, emitido por la CFE el pasado jueves y con el que ya están participando directamente en las oportunidades que significan la reforma energética. A través de un comunicado, el órgano regulador del Sistema de Ahorro para el Retiro precisó que fueron ocho afores, de las 11 que operan...

Chile. Cambio de tendencia: Cotizantes de AFP migran a fondos más riesgosos

En 2017 hubo un millón 89 mil 703 cambios de fondo entre los afiliados al sistema de AFP, de los cuales casi el 60 por ciento se dirigió hacia los portafolios más riesgosos, cambiando la tendencia observada sólo un año antes. Según detalló La Tercera, el año pasado el 59,5 por ciento de los cambios fueron desde los fondos intermedios o conservadores -C, D y E- a los portafolios A y B, los más expuestos a renta variable. Estos números contrastan...

EU regulators warn Bitcoin investors of ‘pricing bubble’

The European Union's top banking, securities and pensions watchdogs have all warned cryptocurrency investors could lose all their money as Bitcoin enters a "pricing bubble". Bitcoin soared in value in recent months before losing more than half its value, leaving investors who bought in at the highest prices out of pocket. Prices increased to as high as $20,000 in December, before falling to under $7,000 last week. The trio of regulators - the European Banking Authority, European Securities and Markets Authority,...

UK regulators working on joint pensions strategy

The Financial Conduct Authority (FCA) and the Pensions Regulator said they intend the strategy to set out how they will work together "to tackle the key risks facing the pensions sector" over the next five to 10 years. "As part of our ongoing efforts to ensure the sector works well for consumers and workplace pension savers, we are working together on a pensions strategy which will look at how we will work together, and with stakeholders, in the coming years,"...