October 2017

27Oct

Longevity Risk and Capital Markets: The 2015-16 Update

By David P. Blake (The Pensions Institute), Nicole El Karoui (Ecole Polytechnique), Richard D. MacMinn (National Chengchi University) & Stéphane Loisel (University of Lyon) This Special Issue of Insurance: Mathematics and Economics contains 16 contributions to the academic literature all dealing with longevity risk and capital markets. Draft versions of the papers were presented at Longevity 11: The Eleventh International Longevity Risk and Capital Markets Solutions Conference that was held in Lyon, France on 8-9 September 2015. It was hosted...

October 27, 2017
Articles, Investing, Management,
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27Oct

Retirement Age Effects of Pension and Salary Reforms: Evidence from Wisconsin Teachers

By Barbara Biasi (Princeton University) Public sector employees in the US receive a large part of their lifetime compensation in the form of defined benefit pensions, financed in part with employees’ salary contributions. Combined with different wage structures, these pension plans can affect workers’ decisions on the optimal retirement age and, in turn, the composition of the workforce. In this paper I study the retirement effects of a reform which increased all Wisconsin teachers’ contribution to the pension fund, and...

October 27, 2017
Articles, Funding, Regulation, Slider-Left, System Sustainability, , , ,
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27Oct

A New Labour Ecosystem in the Sharing Economy: A Platform for Growth?

By Marta Santos Silva (University of Bremen) The role of the traditional labour market is being challenged by globalisation and modern technology, particularly the unprecedented and generalised use of smartphones. Online platforms facilitating the on-demand economy are radically changing the prospects for the jobs of the future, which will be less regulated and more inclusive. This paper focuses on online ridesharing platforms, particularly Uber as international market leader, and their potential for combating social inequality and developing the transport industry. Online ridesharing platforms...

October 27, 2017
Adequacy, Aging, Articles, Labor Market, ,
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27Oct

Argentina. Vidal propone un recorte de gastos políticos por $ 3000 millones que incluye jubilaciones de privilegio

María Eugenia Vidal pidió una baja de 150 funcionarios políticos de la gobernación bonaerense para ahorrar $ 500 millones en el próximo presupuesto. El recorte será un gesto frente a otros ajustes mayores que ordenó: 2500 millones que le exigió recortar a la Legislatura, más una reforma propuesta a la ley de jubilaciones y pensiones de privilegio. El recorte de funcionarios políticos del Ejecutivo no es sólo un gesto hacia los poderes Legislativo y Judicial, a los que les pide un...

October 27, 2017
Noticias
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27Oct

México. Banorte por fusionarse con Banco Interacciones

Banorte se posicionará como el segundo grupo financiero más grande de México con la tentativa fusión que tendrá con el banco Interacciones, con lo que acelerará la competencia con los bancos extranjeros más importantes que operan en el país, además de cuajar un negocio familiar. Los bancos mexicanos Banorte e Interacciones anunciaron este miércoles su intención de fusionarse, lo cual aún estará sujeto a la aprobación de las autoridades mexicanas y sus asambleas de accionistas. “La fusión le dará a Banorte...

October 27, 2017
Noticias
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27Oct

Serbia’s pensioners rally against government austerity measures

Hundreds of Serbian pensioners rallied in Belgrade on Thursday to protest austerity measures introduced as part of a 1.2 billion euro ($1.41 billion) loan deal with the International Monetary Fund. Chanting “thieves” and carrying banners reading “we are hungry”, the pensioners demanded that the government and Serbia’s constitutional court annul austerity cuts imposed in 2014 and refund lost pension payouts. The government of then Prime Minister Aleksandar Vucic signed a three-year loan deal with the IMF in February 2015 after Belgrade...

October 27, 2017
News, Slider
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27Oct

Principal to Acquire MetLife Afore in Mexico

Today, Principal Financial Group® announced it has signed an agreement to acquire full ownership of MetLife Afore, S.A. de C.V. (“MetLife Afore”), MetLife, Inc.’s pension fund management business in Mexico, subject to regulatory approval. With nearly 25 years in Mexico, Principal is committed to growing across its mandatory pension, voluntary long-term savings, and mutual funds businesses. “As the middle class in emerging markets continues to grow, there is increasing demand for long-term retirement and investing products that enable individuals to...

October 27, 2017
News, Slider
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27Oct

UK pension schemes told to give more detail on investments, costs

UK pension schemes should give more information to members about their investments and how much asset managers are charging them to run members’ money, the government said on Thursday. The move is the latest attempt by the authorities to increase transparency in the market for pensions and investments. The Department of Work and Pensions (DWP) said a failure to provide the information could see occupational workplace pension scheme trustees fined up to 50,000 pounds from April, 2018, under the proposed...

October 27, 2017
News, Slider
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27Oct

Kenya. Concern over county governments failure to remit employee pension

County governments have not remitted Sh30 billion to employees' pension and provident funds. According to CPF Financial Services Group, the administrators of both schemes, counties had not remitted Sh12 billion to the Local Authorities Provident Fund (LapFund) as at September 30 2017. The devolved units had also not remitted Sh18 billion to the Local Authorities Pensions Trust (Laptrust), according to an earlier report by CPF Group. “We had earlier revealed that county governments have not remitted Sh18 billion to Laptrust....

October 27, 2017
News, Slider
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26Oct

Principal acuerda compra de Metlife Afore en México

Principal Financial Group anunció este jueves la firmó un acuerdo para adquirir el negocio de gestión de fondos de pensiones de MetLife, Inc. en México, pero sin revelar el monto. A través de un comunicado, Principal subrayó que con la adquisición de Afore Metlife, pasará a ser el quinto mayor administrador de pensiones en México en términos de gestión de activos. Además, con esto prevé ganar escala, una mayor red de distribución y mejorar su capacidad de atención a clientes en...

October 26, 2017
Noticias
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