September 2017

Ireland. Calls on government to abandon increasing the pension age to 70

Speaking in response to ESRI recommendations Deputy Kenny said: “In 2014 the government caused huge distress people by increasing the pension age from 65 to 66.  People expecting to receive their state pension at retirement were forced into Jobseekers' payments. “It’s outrageous for this government to suggest that working people and especially those doing physical work like builders and farmers must now continue working for a further four years before they can receive the pension to which they have contributed...

How robots can save an ageing world

Many doomsayers have argued that an ageing population poses a huge threat to economic growth. They believe that rich countries in the West are headed towards secular stagnation as the size of their young, working-age population shrinks rapidly due to low fertility rates. On the other hand, countries like China and India are predicted to enjoy much higher economic growth in the coming decades as more young people get added to their workforce due to favourable demographics. The primary...

México. Cambio de Afore no debe limitarse: experto

Los problemas de competencia entre las afores pueden dañar el patrimonio de los trabajadores y la reputación de todo el sistema de Ahorro para el Retiro (SAR), alertó el académico del Centro de Investigación y Docencia Económicas (CIDE), Alexander Elbittar. Indicó que la propia regulación limita la competencia entre las Administradoras de Fondos para el Retiro (Afores), como sucede con los recientes cambios a la Circular Única Operativa que buscan reducir el número de traspasos con el objetivo de proteger...

APG and E Fund Management will launch the world’s first China Sustainable and Responsible Focus Investment Strategy

APG, the largest European pension asset manager and administrator, together with E Fund, the third largest fund manager in China, announced today that it will launch the first concentrated equities strategy that invests in ChinaA-shares and adheres to sustainable & responsible investing frameworks and criteria. "APG is a firm believer and promoter of responsible investing. We are happy to partner with E Fund to establish this milestone to embrace our role and duty as responsible long term asset manager, for the benefit of our clients....

España. La marcha por una pensión digna llegará a Guadalajara el siete de octubre

Con el lema “En marcha por #PensionesDignas”, CCOO y UGT se movilizarán en el país, con marchas a pie que se iniciarán entre el 30 de septiembre y el 1 de octubre y que culminarán en Madrid con un gran acto el próximo 9 de octubre. Son un total de cuatro rutas que parten de diferentes puntos de la geografía española, tres de ellas harán parada en Castilla-La Mancha. Las marchas llegarán el jueves 5 de octubre a Albacete, el...

Perú. Prima AFP organiza conferencia en pro de las Inversiones Responsables y el Buen Gobierno Corporativo

El evento, que tuvo como expositores a Beatriz Boza, socia de gobernanza de EY y Renzo Ricci, gerente general de Prima AFP, resaltó la importancia de incorporar y promover prácticas de inversión responsable en el Perú e impulsar la creación de un ecosistema financiero responsable y sostenible. “En Prima AFP, estamos convencidos de que incorporar estos aspectos “extra financieros” dentro de nuestro proceso de inversión nos permite no solo maximizar nuestras rentabilidades de mediano y largo plazo, sino también generar...

Kenya: Retirement Body in List for Top Award in Africa

A Johannesburg-based international investment research and communications group has nominated Kenya's Retirement Benefits Authority (RBA) for its 2017 top award. The Ai Capital Market Index Series Awards look at Africa's best bourses and the role played by individual pension regulatory agencies in promoting investments within their countries. Judges consider how investments by various entities support the development of Africa's capital markets, promotion of pension fund investments in Africa as well as stimulating increased pensions fund investments and membership. Africa investor...

Mexico readies bill to regulate fast-growing fintech industry

Mexico would regulate its fast-growing financial technology sector, including firms that use crypto-currencies like bitcoin, to protect consumers and spur competition, under a proposed bill seen by Reuters. The proposed legislation, which Mexican President Enrique Pena Nieto said this month would be unveiled in the Senate before Sept. 20, seeks to ensure financial stability and defend against money laundering and financing of extremists. The new measures will allow Mexico to join a small list of countries, including the United States...

México. Necesario, un sistema nacional de pensiones; fraccionado genera muchos costos: expertos

Especialistas en sistemas para el retiro consideraron que es necesario consolidar un sistema nacional de pensiones como parte de una reforma estructural, porque fraccionado (entre universidades, gobiernos estatales, municipales, empresas estatales, etcétera) genera muchos costos, poca transparencia y finalmente los que salen perjudicados son los trabajadores. Ernesto Brodersohn Ostrovich, ingeniero por el ITAM y maestro por la University of Southern California y actualmente CEO de Pension Policy International Regulatory Market Design Consulting, y Alexander Elbittar, doctor en economía de la...

México. Millennials deben fomentar cultura del ahorro para evitar endeudamiento

Los jóvenes mexicanos entre 20 y 35 años que ingresan a la financiera Resuelve tu Deuda, deben en promedio 100 mil pesos en crédito al consumo, debido a su limitada educación financiera que los vence en su lucha por independizarse, advirtió Kathy Quintero, reparadora de crédito. Refirió que de acuerdo con estadísticas 70 por ciento de este segmento de la población recibe un salario no mayor a siete mil 200 pesos mensuales, así que para liquidar una deuda como la...