January 2018

España. Quiebra técnica del sistema público de pensiones

Se han cumplido todas las previsiones adelantadas a principios de julio del 2017 en nuestro artículo Números Rojos en la Seguridad Social. El Fondo de Reserva muestra al 31.12.2017 un saldo mínimo de 8.095 millones de euros, insuficiente para solventar el pasivo financiero que la Seguridad Social se ha visto obligada a comprometer con el Estado por 10.192 millones de euros. El Gobierno del Partido Popular ha castigado en el período 2012-2017 en 84.629 millones de euros las cuentas de...

Perú. AFP: Fondo 3 de mayor riesgo lideró rentabilidad del 2017 al crecer 12.4%

Los cuatro tipos de fondos de pensiones lograron un rendimiento de entre 4.06% y 12.44% entre diciembre del 2016 y diciembre del 2017, un resultado calificado de “extraordinario” en un año complejo políticamente” y marcado por una serie de fenómenos naturales, como lluvias, desbordes, huaicos y heladas intensas que afectaron la mayor parte del territorio peruano. Según datos de la SBS, los fondos de pensiones lograron una rentabilidad en el 2017 de 12.44% para el Fondo 3 (de riesgo mayor),...

UK. DC pension scheme membership increases by 400%

That is according to figures released today by The Pensions Regulator (TPR), which show that the number of people in DC schemes has risen to 12.6 million. They also reveal that £5.4bn was put into these schemes in 2017, an increase of more than 21% compared to the previous year, with a total of £48bn now saved in DC pensions. “The success of automatic enrolment has put DC schemes at the heart of pension saving in the UK,” TPR acting executive...

Saint Lucia. Government explores social protection programme for seniors

Over the next 20 years the number of older persons in the Caribbean will double. This ageing of the population has important implications for public policy in areas such as pensions, health, and social care services. Consequently, there is an urgent need to strengthen social protection against the risks associated with ageing, for example loss of income, ill health, disability, loss of independence, isolation and abuse. At the same time, with older persons making up an increasing proportion of the...

South African union, pension fund join forces over Steinhoff

South Africa’s civil servants union has teamed up with the government pension fund to pursue Steinhoff (SNHJ.J) (SNHG.DE) for around $1.4 billion of pensioners’ money lost as a result of an accounting scandal at the troubled retailer. Steinhoff, which owns more than 40 brands including Poundland in Britain, admitted “accounting irregularities” last month, sparking an 85 percent share price slide that wiped more than $10 billion off its market capitalization. This has left investors such as the Public Investment Corporation (PIC),...

Ireland. Men hit by pension anomaly risk ‘being left behind’, Dáil told

Government moves to fix the pensions anomaly now risk discriminating against men hit by the same problem, the Dáil has been told. The Government was also under pressure over the decision to re-open Stepaside Garda Station in Dublin. There were claims that it was a “political trophy” for local Independent Alliance TD and Transport Minister, Shane Ross. Fianna Fáil welcomed Government efforts to fix the pensions problem which since 2012 has left some pensioners with €40 per week less. Read More: Independent

We’re living for longer and it’s burning a hole in our retirement savings

If you're a 65-year-old woman, on average you're expected to live until you're 89. But the variation is high – on average one in 10 women aged 65 will live past 100 years and one in 10 won't make it to 77. If you're in the group that will live past 100 years, you need to find an additional $39,000 a year for more than a decade to fund yourself (based on the AFSA comfortable standard for singles aged around...

Colombia. Adriana Guzmán tomó posesión como presidente de Colpensiones

Ante el ministro delegatario Juan Guillermo Zuluaga y la ministra de trabajo Griselda Restrepo, tomó posesión como presidente de Colpensiones en propiedad Adriana Guzmán, quien venía desempeñándose en ese mismo cargo pero en calidad de encargada desde agosto de 2017. “La entidad puso a nivel el tema de las pensiones en Colombia. Hoy una pensión se demora entre mes y medio, dos meses. Cuando inició este Gobierno, era un gran dolor de cabeza para los colombianos, y la doctora Guzmán...

Costa Rica. Candidatos utilizarían pensiones complementarias para infraestructura

Dentro de poco, su pensión complementaria podría ser utilizada para construir las grandes obras de infraestructura que el país requiere. Varios candidatos a la Presidencia de la República tienen en la mira ese fondo acumulado, que hoy suma más de ¢5 billones, de acuerdo con la Superintendencia de Pensiones (Supen). En estos momentos, las jubilaciones no registran ganancias significativas, mientras que si se abre la puerta a la inversión en carreteras, se garantiza una mejor tasa de retorno y de paso,...

The World Gold Council says adding gold over the past decade to the average pension fund portfolio would have both increased returns and reduced volatility, resulting in higher risk-adjusted returns

Gold is becoming more mainstream. Since 2001, investment demand for gold worldwide has grown 18% per year, on average. This has been driven in part by the advent of new ways to access the market, such as physical gold-backed exchange-traded funds (ETFs), but also by the expansion of the middle class in Asia, and a renewed focus on effective risk management following the 2008–2009 financial crisis in the US and Europe. Today, gold is more relevant than ever for institutional investors....