December 2017

Argentina. Prevén que la jubilación subirá hasta los 66 años

La edad promedio de jubilación subirá hasta 66 años antes del 2060 entre los países de la Organización para la Cooperación y el Desarrollo Económicos (OCDE), según un informe de ese organismo internacional. Ese incremento promedio de 1,5 años para los hombres y de 2 años para las mujeres será una consecuencia de las reformas previsionales aprobadas hasta ahora en el marco de las recomendaciones de la OCDE, grupo al que la Argentina aspira ingresar en breve. El Gobierno argentino viene sosteniendo que están “muy...

OECD: UK has lowest state pension of any developed country

Britain’s workers can look forward to the worst state pension of any major country, according to a report by the developed world’s leading economic thinktank. The Organisation for Economic Cooperation and Development (OECD) study calculated that a typical British worker will at retirement receive a state pension and other benefits worth around 29% of what they had previously been earning. That compares with an average of 63% in other OECD countries, and more than 80% in Italy and the Netherlands. The report...

Pensions at a Glance 2017

By OECD The 2017 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, one special chapter focuses on flexible retirement options in OECD countries and discusses people’s preferences regarding flexible retirement, the actual use of these programs and the impact on benefit levels. This edition also updates information on the key features of pension provision in OECD countries and provides projections of retirement income for today’s workers. It offers indicators covering the...

Brazil’s Bovespa jumps as legislators organize behind pension bill

Brazil's benchmark Bovespa index led gains among Latin American equities markets on Tuesday, as the governing coalition appeared closer to gaining the votes needed to pass a pension reform. The reform, seen as important to shoring up Brazil's fiscal health, has been by far the dominant factor in the Bovespa's performance for weeks. Late on Monday, Rodrigo Maia, the speaker of Brazil's lower house, told journalists that President Michel Temer was still far from assembling the coalition needed to pass the...

US. Public Pension Funds’ Anti-Fossil Fuel Activism Raises Risks For Beneficiaries

By David Blackmon In a recent piece, I wrote about the fact that the Divestment movement is now running into headwinds, as federal public policy under the Trump Administration moves further away from the movement’s goal of artificially limiting the production of oil and gas domestically, and as it is becoming increasingly clear that some major public pension funds are finding themselves severely underfunded after years of heavy focus on the movement’s investing priorities. As it has become increasingly obvious over...

PPF publish the Purple Book for 2017

In its twelfth edition of the Purple Book, the Pension Protection Fund (PPF) reveals that while the proportion of open schemes has remained relatively steady in the twelve months to March 2017, the number of schemes closed to future accruals has seen a marked increase. The figures show 12 per cent of DB pension schemes are currently open to new members, falling from 13 per cent in 2016 and down from 43 per cent in 2006 (when Purple Book records...

Los más pobres de México, los que necesitarán un fondo de retiro, son los que no lo tendrán: CEEY

Si la tendencia de generación de trabajo formal se mantiene como está actualmente, la población se enfrentará dentro de 30 años a malos servicios y podrá despedirse de su derecho al retiro. De acuerdo con el Centro de Estudios Espinoza Yglesias (CEEY) y los resultados de sus estudios vertidos en el libro El Sistema Financiero Mexicano, diagnóstico y recomendaciones, México requiere de mejores mecanismos que amplíen las opciones de movilidad social, entendiendo ese concepto como la posibilidad de que haya movimiento...

Puerto Rico. Golpe huracanado al ahorro

El paso de los huracanes Irma y María igual lesionó el ahorro en la Isla, lo cual ha impactado no solo a las familias, sino también a los comercios y a las entidades financieras. Aunque las estadísticas reflejaban que los puertorriqueños habían comenzado a recuperar la práctica del ahorro en medio de la debacle económica de la última década, los eventos recientes como la migración acelerada luego de la devastación de los huracanes, los gastos que ha representado la...

España. Bankia lanza un simulador de planes de pensiones tanto para clientes como para los que no lo sean

Bankia ha lanzado un simulador de planes de pensiones que permite calcularla y planificar la jubilación y que estará disponible tanto para sus clientes como para los que no lo sean. A la hora de realizar el cálculo, el usuario debe elegir entre el cobro de una renta mensual tras su jubilación o el ahorro mes a mes que quiere destinar a su plan. Una vez definido este escenario, tendrá que completar un formulario con información, como la edad, el...

New Zealand is robbing us of our Swiss pensions

Swiss expats living in New Zealand want to use Automatic Exchange of Information (AIE) to get a fair distribution of pensions in their adopted country, and they’ve persuaded one chamber of Swiss parliament to take up their cause. For many people who have spent their lives grinding away at a job in Switzerland, the idea of retiring at 65 and heading for an island where the cost of living is low and a Swiss pension goes far is highly appealing. But in...