December 2017

15Dec

World’s Biggest Pension Fund Says AI Will Replace Asset Managers

Hiromichi Mizuno was named chief investment officer of Japan’s Government Pension Investment Fund, the world’s biggest manager of retirement savings, in 2014. He has since led a push to increase equity holdings and advocated for incorporating ESG, or environmental, social and governance, factors into investing. Question: What are the biggest changes in the investment world you see coming in the next five to 10 years? Mizuno: Adoption of technology, including AI and ESG integration into all asset classes. I believe artificial intelligence...

December 15, 2017
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15Dec

US. Fees Rise for Underfunded Pensions

The largest pension plans held by S&P 500 companies face a $348 billion funding gap. As a result, they’re paying higher annual fees to the U.S. Pension Benefit Guaranty Corp., the government agency that backstops plans. “There’s increased awareness that an underfunded plan imposes risk on employees, it imposes risk on shareholders, and it’s getting more expensive,” says Olivia Mitchell, a professor at the University of Pennsylvania’s Wharton School and executive director of the Pension Research Council. The fees, called variable-rate...

December 15, 2017
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15Dec

What To Know Before Purchasing Cryptocurrencies With Retirement Funds

With the value of Bitcoins and many other cryptocurrencies flying high in 2017, many investors have looked to take advantage of this trend and own cryptocurrencies in tax-advantaged retirement plans, such as a Self-Directed IRA or Solo 401(k) Plan.  This article will explore the main points an investor should know before using retirement funds to buy cryptocurrencies. What is a Cryptocurrency? Cryptocurrency refers to a decentralized digital currency that employs principles of cryptography (communication that is secure from view of third parties)...

December 15, 2017
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14Dec

Chile. AFP estatal: ¿Un camino viable o solo una estrategia de campaña?

Fue una de las iniciativas que formaban parte del programa de gobierno de Michelle Bachelet, pero en agosto pasado la idea fue desechada definitivamente por el Ejecutivo. Ahora el proyecto vuelve a reflotar… o por lo menos así se entendió, luego del debate presidencial del lunes pasado, en donde Alejandro Guillier y Sebastián Piñera no descartaron la posibilidad de crearla en caso de ganar las elecciones el domingo. Pero, ¿qué tan viable resulta en la actualidad este proyecto y qué opciones tiene de mejorar el actual sistema...

December 14, 2017
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14Dec

México. Difícil, que afores logren comisiones de 1% para 2018

Las administradoras de fondos para el retiro (afores) tienen capacidad para reducir las comisiones que cobran a los trabajadores que ahorran para obtener una pensión, pero es  difícil pensar que se ubiquen en 1% o menos para el cierre de este sexenio, advirtió Jorge Sánchez Tello, investigador asociado de la Fundación de Estudios Financieros (Fundef) del Instituto Tecnológico Autónomo de México. “Si las comisiones se reducen cada vez más y de manera drástica, se corre el riesgo de que las...

December 14, 2017
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14Dec

España. Cómo ahorramos frente a cómo deberíamos ahorrar

Martín (41 años) trabaja como técnico de sonido y tiene tres hijos pequeños. Laura tiene 55, es periodista autónoma y soltera sin hijos. Nando (49), con una hija adolescente, es comercial. Lo que tienen en común los tres es que no ahorran. Martín porque se las arregla como puede para llegar a fin de mes; Laura porque hay meses en que tiene mucho trabajo y otros, casi nada, y Nando, sencillamente porque después de unos años de apretarse el...

December 14, 2017
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14Dec

Menos del 10 por ciento de los trabajadores de pequeñas empresas en las principales zonas metropolitanas hispanas tienen acceso a planes de jubilación patrocinados por sus empleadores

Más del 90% de los trabajadores de pequeñas empresas en las cinco áreas metropolitanas principalmente hispanas de los Estados Unidos no tienen acceso a cuentas de ahorro para la jubilación por parte de sus empleadores, según el estudio publicado por Finhabits: 2017 Latino Small Business Workers Lack Retirement Savings, publicado hoy. El estudio encontró una brecha significativa en grupos étnicos minoritarios. Además, se encontró que los estados con mayor concentración de población hispana tienen la participación más baja en ahorros...

December 14, 2017
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14Dec

EU pensions have insufficient assets to cover liabilities – Watchdog

European Union pension providers on the whole do not have enough assets to cover their liabilities, the European Union’s insurance and pension watchdog said on Wednesday. The European Insurance and Occupational Pensions Authority (EIOPA) published aggregated results of this year’s stress test of 195 institutions that provide pensions. The results showed shortfalls of between 349 billion euros ($411 billion) and 702 billion euros, levels that could harm the real economy, EIOPA said. Source: Reuters

December 14, 2017
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14Dec

Russia’s central bank to form biggest non-state pension fund with $9 billion merger: sources

Russia’s central bank is preparing to merge three pension funds of bailed out bank Otkritie to create the biggest non-state pension fund in Russia, while guaranteeing payouts to their 7.7 million members, three people with knowledge of the matter said. The funds had been indirectly controlled by Otkritie Holding, the former parent of Otkritie bank. Once Russia’s largest private lender, it was rescued in August by the central bank, which was then lumbered with the three pension funds too. The Russian...

December 14, 2017
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14Dec

South African State Pension Fund Lost 0.6% on Steinhoff Plunge

The South African state pension fund said it lost the equivalent of 0.6 percent of its entire portfolio because of the collapse in Steinhoff International Holdings NV’s share price and will insist on representation on a board committee investigating irregularities. The Public Investment Corp. and the Government Employees Pension Fund remain “deeply concerned about Steinhoff,” the entities said in a statement emailed Wednesday from Pretoria. “Recent developments point to serious governance challenges.” In addition to board representation, the PIC and the GEPF will insist on...

December 14, 2017
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