November 2017

27Nov

México. Afores representarán 25% del PIB en el 2024

En los próximos siete años, los recursos de las administradoras de fondos para el retiro (afores) representarán 25% del Producto Interno Bruto (PIB), lo cual superará la aportación del sistema financiero bancario, indicó Tapen Sinha, director del Centro Internacional de Investigaciones de Pensiones del Instituto Tecnológico Autónomo de México (ITAM). “Hoy las afores representan entre 15 y 16% del PIB, y en los próximos años será una cuarta parte, debido a que se tendrá un mayor número de trabajadores que...

November 27, 2017
Noticias
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27Nov

Chile. Elizalde adelanta: No será posible terminar con las AFP en eventual gobierno de Guillier

El coordinador general de la campaña de Alejandro Guillier y presidente del Partido Socialista, Álvaro Elizalde, dijo hoy que no será posible terminar con las AFP en un eventual gobierno del candidato oficialista. En el programa “Estado Nacional” de TVN, afirmó que “vamos a avanzar hacia un sistema distinto”, y que Guillier ha señalado que “bajo su gobierno no se va a poder implementar (el fin de las AFP) porque estamos hablando de cuatro años“. El tema ha sido uno de las piedras...

November 27, 2017
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27Nov

Can Tech Tools Help Millennials Avoid A Looming Retirement Crisis?

Regardless of their age, background or investment philosophy, advisors agree on one thing: Technology is changing the way they do business. Ask them about their client communication, back-office operations and workflow, and almost every advisor will start by marveling, "There have been so many advances in recent years," as one planner recently put it. Tech tools enable them to allocate their time better so that they can concentrate on listening to clients and helping them address current financial challenges...

November 27, 2017
News, Slider
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27Nov

Pension scheme trustees urged to prepare for imminent EU regulation

Although the regulation is not expected to impact trustees directly, it is thought that new rules for brokers and asset managers may affect UK pension schemes’ current contractual relationships. The EU legislation is designed to offer greater protection for investors while injecting more transparency into all asset classes, taking effect on 3 January 2018. Sacker & Partners LLP have identified several steps trustees should be taking now, which include: 1) Obtain an LEI number – this can be done at the London Stock...

November 27, 2017
News, Slider,
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27Nov

China. Fintech energizes real economy

Chinese financial technology or fintech firms are expected to lead industry innovation and facilitate growth of small and medium-sized enterprises or SMEs in the Asia-Pacific region, said an executive of a leading Chinese fintech company. Tang Ning, founder and CEO of Beijing-based CreditEase, said tremendous development opportunities await fintech firms as well as peer-to-peer or P2P lenders in the next decade despite a stricter regulatory environment. After more than 10 years of development, China's fintech has entered the world's top league....

November 27, 2017
News, Slider
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27Nov

Reinventing the Retirement Paradigm

This book explores how rising pension and healthcare costs along with workforce aging are affecting pension and retirement planning around the world. Many middle-aged workers now realize that they will have to work longer than intended as they begin to recognize that their retirement resources will be inadequate to finance retirement consumption. Volatile capital markets, rising medical-care costs and low saving rates make retirement behavior and policy a moving target. Read more: Here

November 27, 2017
Books
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27Nov

Dollars and Sense: How We Misthink Money and How to Spend Smarter

We think of money as numbers, values, and amounts, but when it comes down to it, when we actually use our money, we engage our hearts more than our heads. Emotions play a powerful role in shaping our financial behavior, often making us our own worst enemies as we try to save, access value, and spend responsibly. In Dollars and Sense, bestselling author and behavioral economist Dan Ariely teams up with financial comedian and writer Jeff Kreisler to challenge many...

November 27, 2017
Books
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27Nov

Life-Cycle Labour Supply and Social Security Wealth: Evidence from the 1995 Italian Pension Reform

By Giulia Bovini (London School of Economics & Political Science (LSE) - Department of Economics) This paper studies life-cycle labour supply responses to lower social security wealth. An over-arching pension reform implemented in Italy in 1995 (the Dini pension reform) provides the setting for the analysis. While ushering the transition from a defined-benefit (DB) to a notional defined-contribution (NDC) scheme, it introduced discontinuities in the social security replacement rate based uniquely on years of qualifying retirement contributions accrued by the...

November 27, 2017
Aging, Labor Market, , ,
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27Nov

The Effect of Non-Contributory Pensions on Labour Supply and Private Income Transfers: Evidence from Singapore

By Yanying Chen (School of Economics, Singapore Management University) & Yi Jin Tan (School of Economics, Singapore Management University) Non-contributory pensions are becoming increasingly prevalent worldwide. As their effects are likely to be context-dependent, evaluating their effects in a wide range of settings is important for establishing the external validity of the non-contributory pension literature. We use a new monthly panel dataset and a difference-in-differences strategy to study the effect of a new non-contributory pension in Singapore (the Silver Support...

November 27, 2017
Aging, Labor Market, Pension design, ,
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24Nov

México. Ingresos por comisiones por Afores alcanzan récord

Los ingresos que registran las Administradoras de Fondos para el Retiro (Afores) por comisiones sobre saldo acumulado se ubican en niveles récord a septiembre de 2017, a pesar de que la autoridad presiona a la baja en el cobro de comisiones. El manejo que hacen las sociedades de inversión especializadas en fondos para el retiro (Siefores) de los recursos del trabajador tiene un costo que él asume a través de comisiones. Desde 2008 se estipuló que la forma para cobrar...

November 24, 2017
Noticias
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