October 2017

Canada. It’s time to treat aging as an asset, not a burden

By now, you may be aware that Canada’s seniors recently crossed a significant threshold. Statistics Canada announced for the first time ever that people over 65 now officially outnumber children under 15. The story is similar all over the world. Historians will say one day that this global shift in demographics was one of the most important events of the 21st century. Indeed, it’s certainly a triumph of public health and modern medicine. For many, though, this shift is seen...

Australia. Ageing regions increasingly reliant on the pension.

Age discrimination in the workforce needs to end to combat a growing aged pension crisis in the country's oldest regions, according to the Regional Australia Institute. A RAI report has found there is lower growth, lower incomes and a higher welfare services bill in aging regions which are increasingly reliant on the pension. The report said some regions, including Victor Harbor, Port-Macquarie-Hastings and East Gippsland, already had more than 20 per cent of their populations reliant on the age pension. The 2016 census showed while...

Dutch pension fund invests in local wireless infrastructure provider

The Rabo Bouwfonds Communication Infrastructure Fund (CIF) has sold its stake in the Netherlands-based Open Tower Company to a local pension fund. ABP, which has €394 billion of assets under management, has acquired a 75 percent in OTC for an undisclosed sum. OTC co-founder NOVEC, another infrastructure provider, retains a 25 percent share in the company, which was founded in 2009 and has built up a portfolio of 800 towers. CIF Managing Partner Randolf Nijsse said: “Starting as a new...

España. La mayoría de expertos apuesta por ampliar la edad legal de jubilación

No es fácil contestar a la pregunta de si está en riesgo el futuro de las pensiones en España sin que se genere alarma a toda la población. A quienes ya cobran estas prestaciones porque enseguida interpretan que son las suyas las primeras que se recortarán y al resto de la ciudadanía que comienza a ver con escepticismo la posibilidad de poder jubilarse y cobrar una pensión como en el sistema actual. Los más de 350 expertos, directivos y empresarios...

El Salvador. Enfermos graves podrán retirar lo que hayan ahorrado para su pensión

Un aspecto novedoso de la reforma a la Ley del Sistema de Ahorro Previsional, vigente desde el pasado viernes 6 de octubre, es que los enfermos graves podrán pedir que se les entregue el dinero que tengan en sus cuentas, aunque no hayan llegado a la edad de retiro. Antes de la reforma, la única forma de poder obtener este dinero antes de llegar a la edad de jubilación era ser extranjero o renunciar a la nacionalidad salvadoreña; aun así,...

UK. One in five FTSE 100 pension funds at risk of failure in a recession

One in five FTSE 100 ­defined benefit pension schemes would be at risk of failure if Britain entered ­another economic downturn, research reveals. In a “stressed” scenario – such as a recession – the combined pension deficits of the blue-chip index would jump by £100bn, equivalent to four years of pre-tax profits, according to a study by consultants Cardano and Lincoln Pensions. In such a scenario a fifth of FTSE 100 firms would face pension risks worth 30pc or more...

Pensions extended to workers in Thailand

Cambodian migrants in Thailand are to earn pension benefits as they work abroad, Labour Minister Ith Samheng has announced. Meeting workers in Thailand yesterday, Mr Samheng said the government was discussing ways to make sure that migrants get equal access to pensions when they returned home. He said that all private sector employees would be eligible to the same pension benefits as civil servants from 2019. The Ministry of Labour is now in talks with the Thai government over how to...

Canadian Pension Plan to invest up to US$500 million on data centres

The Canada Pension Plan Investment Board (CPPIB) is investing up to US$350 million in data centres with Singapore’s Alpha Data Centre Fund (ADCF), with the option to invest another $150 million. CPPIB, the investment manager of Canada’s biggest pension plan, is teaming up with Singapore-based Alpha Investment Partners and data centre operator Keppel Data Centre Holdings (Keppel Data Centre) – both part of the city state’s Keppel Group – in the deal. The ADCF was launched in July 2016 by Alpha...

Australia. Robo-advisers to expand into retirement advice

ASAP chief executive Jim Hennington said he expects the scope of advice that’s provided by automated advice providers to SMSFs will further expand over the next year. “At the moment, [it’s] very much focused on the transactions that accountants tend to get deeply involved with such as establishing an SMSF, purchasing property and LRBAs, and setting up SMSF pensions,” said Mr Hennington. He expects that automated advice will soon expand beyond this, however, into services such as retirement advice. “Over time automated...

Chile. Superintendencia de Pensiones ofició a las AFP por sistemas de incentivos a trabajadores

Tras la polémica fiesta de AFP Capital difundida en redes sociales hace dos semanas, el diputado Gabriel Silber (DC), solicitó el viernes 5 de octubre a la Superintendencia de Pensiones oficiar a las seis administradoras, con el fin de que éstas informen acerca de los sistemas de incentivos para sus trabajadores y si esos mecanismos son costeados con recursos de las propias compañías. Lee más en Diario Financiero