February 2018

España. Ibercaja logra 10.000 nuevos clientes de planes de pensiones y aumenta un 17% su actividad en el sistema individual

En el sistema individual, el volumen gestionado ha alcanzado los 2.257 millones de euros, 164 millones de euros más que el año anterior, lo que ha supuesto un incremento del 7,8%, superior al 5,5% experimentado por la media del sector. Este comportamiento le ha permitido aumentar su cuota de mercado hasta el 3,03% desde el 2,97% de finales de 2016 y avanzar desde el décimo hasta el octavo puesto en el ranking nacional correspondiente, según han informado desde la...

Kenya. Over 5,000 senior citizens to benefit from social protection programme

Over 5, 000 elderly persons will benefit from the government’s social protection programme this year in Siaya County, area Social Development Officer Maxwel Anyona has said. Anyona said 5,182 people aged over 80 years will benefit from the programme that will see them earn sh2,000 monthly from the state coffers. He said that apart from the programme that targets those aged 80 years and above, another programme that benefits selected old persons aged 70 years and above will also see another...

Brazilian gov’t presents softer pension reform bill

A new version of Brazil's controversial pension reform bill that lowered the minimum contribution period to receive a pension was presented to the Congress on Wednesday. The proposal was presented by Arthur Maia, rapporteur for the pension reform in the Chamber of Deputies, to gain the two-thirds majority needed to pass the reform. The new bill lowered the minimum contribution period to 15 years from 25 years in the previous draft. The revamped bill maintains the same minimum retirement ages at 65...

Malaysia’s KWAP aims to have 70% of AUM be ESG-compliant

Kumpulan Wang Persaraan (KWAP), Malaysia’s second largest pension fund, hopes to have 70% of its assets under management (AUM) be environmental, social and governance (ESG)-compliant. KWAP, a pension fund for civil servants, had AUM of 137 billion ringgit (US$32.1 billion) as at end-September 2017. Wan Kamaruzaman Wan Ahmad, the fund’s chief executive officer, says currently, about 50%-60% of the AUM comply with ESG principles. Read More: Asia Asset

UK. Property remains popular retirement savings tool

While employer pensions are still considered the safest way to save for retirement, property has been inching closer, a population survey from the Office for National Statistics reveals. The data (recorded between July 2016 and June 2017) shows that 40% believe that their workplace pension is the safest bet, while 30% believe property is. This is probably thanks to the fact that house prices are still rising, although the most recent statistics from Halifax show that house prices only saw...

Australia’s superannuation is the top returner, but there are hidden risks

Australian superannuation funds’ love affair with equities is paying off with the super system growing faster than comparable countries over the last 20 years, making annual returns of 12.1 per cent, according to a new report from asset advisors Willis Towers Watson. But there is an unnoticed risk hidden in the figures, with Australian super fund equity investments being the most concentrated in the world. And these risks have been highlighted by the market gyrations of more than four per...

UK. Pensions FEAR: Middle-aged workers risk poverty in old age over poor planning

Almost three quarters (73 per cent of people aged 45-plus longing for the freedom retirement brings, the research found. But almost half (46 per cent) of those with a pension have no idea how much it is currently worth. Almost a fifth (19 per cent) have no pension at all, found life savings company Standard Life. Two thirds of those aged 45 and older (67 per cent) are hoping for a shift in lifestyle, keen to retire early before the state pension...

Canada. Alberta pension fund buys stake in recently approved wind power projects

​The firm that administers more than $100 billion in Alberta government pensions and other funds says it is buying substantial stakes in two wind power projects that just received 20-year power price guarantees from the province. The Alberta Investment Management Corporation or AIMCo says it has struck a deal with a subsidiary of Rome-based global power company Enel to buy 49 per cent ownership of the projects to be constructed near Pincher Creek in southern Alberta. No financial details were released....

Malestar social y desigualdades en Chile

Por María Antonieta Vera ¿Por qué ha habido tal cantidad de manifestaciones y protestas durante los últimos años en Chile? ¿Cómo es que temas tan diversos como el transporte, la educación, la salud, el sistema previsional, los derechos sexuales y reproductivos, la vivienda, la asamblea constituyente, el medio ambiente, etc. han ido suscitado tanta adhesión en la ciudadanía? ¿Cuáles son los focos y causas de este malestar? ¿De qué modo las desigualdades han erosionado los lazos sociales y han cuestionado...

Transición pensional del Régimen General de Pensiones en el ESD: Servidores Públicos

Por Angela Janeth Rivera Silva Los fondos de pensiones que administran el Régimen De Prima Media con Prestación Definida, han visto en aumento el número de demandas en su contra por parte de los pensionados por ley 33 de 1985, quienes solicitan la Reliquidación de la Pensión con el IBL del último año de servicios y todos los factores salariales percibidos, con fundamento en la Sentencia del 4 de agosto de 2010 del Consejo de Estado , y la Circular...