February 2018

UK. GPs retire early amid clampdown on multi-million pension pots

The number of GPs taking early retirement has risen sharply following a clampdown on multi-million pound pension pots, new figures show. An investigation shows 62 per cent of GPs who retired in 2016/17 did so before the age of 60 - having made up just 33 per cent of cases in 2011/12. Read more The Telegraph News

Brazilian president defends social security reform

Brazilian President Michel Temer defended the social security system reform Wednesday saying that the reform is "not a boogeyman." "Every time we speak of social security reform, there is resistance. But soon after, when the reviews are made, people see that the reform is not a boogeyman," Temer said during a concession ceremony for pre-salt oil exploration areas. he government said the reform is necessary to tackle the significant deficit in the social security system and ensure the future payment of...

January 2018

Pension funds AP1 and AMF invest 20 mln euros in fintech firm iZettle

Swedish pension funds AP1 and AMF are investing 20 million euros ($24.88 million) in mobile payment solutions firm iZettle, the three parties said in a joint statement on Wednesday. * The main part of the stake was bought from Santander Innoventures, which will remain a shareholder also going forward * The news comes after iZettle raised 40 million euros in December in a funding round led by venture capital firm Dawn and the Fourth Swedish National Pension Fund (AP4)   Read more Reuters

México. TU PENSIÓN, EN MANOS DE EMPRENDEDORES

Muchos ahorradores no lo saben, pero un porcentaje de su pensión está en manos de emprendedores. Por lo pronto, de 18 nuevas empresas, como Cultura Colectiva, Sr. Pago, Lentesplus.com, Afluenta, rocket.la y Underdog. Las Administradoras de Fondos para el Retiro (Afore) no han cambiado su objetivo de hacer crecer el ahorro. Sólo que ahora se alían con fondos de inversión a través de los Certificados de Capital de Desarrollo (CKD), para diversificar su portafolio e incrementar sus rendimientos. La asociación,...

Zimbabwe. Mnangagwa rushes to legalise Tsvangirai’s pension

Finance Minister Patrick Chinamasa has moved with speed to amend the 2018 budget statement presented late last year before Parliament to incorporate President Emmerson Mnangagwa's desire to pay former Prime Minister Morgan Tsvangirai a gratuity and pension. According to NewZimbabwe.com, the amendment comes hardly two weeks after Harare Central MP Murisi Zwizwai (MDC-T) asked why the Finance Bill was silent on the pension payments to Tsvangirai when it made reference to pensions of the President, Deputy President, Speaker of Parliament,...

Perú. Límite de inversión de fondos de pensiones en el extranjero puede elevarse más, dijo AFP Habitat

El domingo, el BCR elevó el límite operativo de inversión en el exterior de las AFP desde 46% hasta 47%, pero la Asociación de AFPya se había pronunciado a favor de esta subida el viernes pasado. En agosto del 2017, el BCR elevó este límite a 46%, pero ahora lo elevará progresivamente a 46.5% (a partir del 1 de febrero) y hasta 47% (a partir del 1 de marzo), a fin de promover la mayor diversificación de inversiones de los fondos de pensiones. Esto permitiría que las AFP dispongan de US$...

US. Empower Retirement Releases Real-Time Plan Design Platform

Empower Retirement has released its PlanVisualizer technology offering, a Monte Carlo-based simulator that allows 401k advisors to modify key variables in plan design to illustrate their effects in real time. Available through the broader retirement advisor market, PlanVisualizer provides plan sponsors “with a multi-dimensional, holistic view of their retirement plan in its current state, along with the ability to model how changes to key design elements can potentially affect participant preparedness.” It’s particularly timely, according to Peter Kapinos, head of advisor,...

On a better savings course: US retirement score rises

Americans' retirement savings are in the best shape they've been in more than a decade. So says a survey by Fidelity Investments, which looked at more than 3,000 working households that have started saving for retirement. After tallying up how much they're saving in their 401(k) accounts, their expected Social Security benefits and other assets, Fidelity said that the typical saver is on track to have 80 percent of the income they'll need to cover retirement costs. That's the highest score...

Republica Dominicana. Superintendente de Pensiones favorece edad de retiro sea de 65 años

El Superintendencia de Pensiones (SIPEN), Ramón Contreras, favoreció hoy que se prolongue la edad de retiro de 60 a 65 años y que se aumente de 9.97% a 14% el monto a cotizar por el trabajador dominicano. El objetivo, dijo, es sacar un mayor provecho a la edad productiva de las personas y mejorar la calidad y recursos que recibe el trabajar cuando se pensiona. El funcionario habló del tema con periodistas que lo cuestionaron tras la presentación del Sub...

Mexico. Recursos de afores sirven para financiar infraestructura

De los 3 billones 151,460 millones de pesos que han acumulado las administradoras de fondos para el retiro (afores) en los últimos 20 años, 34% lo han destinado para financiar diversos proyectos de inversión en el país con un total de 1 billón 66,716 millones de pesos. La Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) informó que en este gobierno, es decir, de enero del 2013 a diciembre del 2017, se han ocupado 462,496 millones de pesos...