admin, Author at Pension Policy International

05JulJuly 5, 2017

India. Penniless KSRTC fails to pay salary, pension

The Kerala State Road Transport Corporation (KSRTC) is running from pillar to post to mobilise Rs. 300 crore needed to pay this month’s salary and wages of employees and empanelled staff and three-and-a-half months’ pension arrears to retirees. With the government not coming forward to bail out the ailing corporation with a further loan to pay the salary and pension, the management of the transport utility is groping in the dark to mobilise funds. Though the KSRTC approached the Kerala...

July 5, 2017

News, SliderIndia

05JulJuly 5, 2017

UK. How to adapt to survive the post Brexit pensions world

This article highlights key insights from Barnett Waddinghams Employer Conference, which focused on the impact of change on companies’ pension strategies. We explain how to set a dynamic pension strategy that will be resilient in the face of changes in markets, whilst remaining cost effective over the longer term. Pension strategies have evolved Current levels of deficits arising from low gilt yields may have felt like a bolt from the blue, but this was no meteorite to kill the DB dinosaur....

July 5, 2017

News, Slider

04JulJuly 4, 2017

Chile. Sebastián Piñera: “Las AFP fueron ciegas en no anticiparse a los problemas que venían

En entrevista con CNN Chile el candidato presidencial de Chile Vamos, Sebastián Piñera, abordó diversos temas relacionados a su campaña presidencial, haciendo énfasis en las pasadas elecciones primarias y en las propuestas en un eventual gobierno suyo. Para comenzar habló sobre la participación de la ciudadanía en las primarias del pasado domingo. El candidato esperaba una votación más baja y dijo que esto lo "sorprendio gratamente". Sobre el apoyo del senador y ex pre candidato presidencial Manuel José Ossandón a su...

July 4, 2017

NoticiasChile

04JulJuly 4, 2017

El retiro con Afore dejará sin pensión a 70% de los mexicanos

Un estudio de la firma de seguros Lockton México expone que un 70% de los mexicanos no tendrá derecho a una pensión por no tener empleo formal. En 2017 se cumplen 20 años de la existencia del sistema de pensiones en modalidad de contribución definida que buscaba darle viabilidad financiera al esquema de retiro (que antes funcionaba con un modelo de pensión garantizada). Ahora, con la entrada en vigor de la reforma en julio de 1997, las pensiones se calcularían con...

July 4, 2017

NoticiasMexico

04JulJuly 4, 2017

UK. 1 million to opt out of pension in 2019

A million people will choose to miss out on crucial retirement saving in 2019, Government figures predict. This is despite the fact that auto-enrolment will be fully in place by then, at least for all employees that meet the current criteria. We've taken a closer look. The figure is based on the current percentage of members who have opted out of their workplace pension schemes, which is 10%. This is estimated to increase to 21.7% in 2018 and 27.5% in...

July 4, 2017

News, SliderUK

04JulJuly 4, 2017

Kenya introduces new retirement plan for its 500,000 civil servants

Kenya’s introduction of a new retirement plan for civil servants is set to spur growth in the pension fund industry, potentially helping to triple assets under management, according to the head of the new government employee fund. The country’s 500,000 public workers were required to contribute 7.5% of their salaries to the new fund from this month, which would be supplemented by a 15% contribution from the government, Edward Odundo said in an interview in the capital, Nairobi. The fund sought...

July 4, 2017

News, SliderKenya

03JulJuly 3, 2017

España. El fondo de pensiones de los curas españoles renta un 540% desde 1989

El número 110 de la calle San Bernardo de Madrid esconde un secreto. Dentro de un edificio de ladrillo de 75 años, que alberga la Parroquia de los Dolores (de la congregación San Pedro Apostol), tiene su sede Serviclero, una cooperativa fundada para dar servicio a sacerdotes españoles con pocos recursos. Allí se pueden comprar alzacuellos, mitras, sotanas y sagrarios, pero además se puede contratar uno de los planes de pensiones más exitosos del panorama nacional: el de la Mutualidad...

July 3, 2017

NoticiasEspaña

03JulJuly 3, 2017

Mexico. ESTAS 4 AFORES MANEJAN 70% DEL DINERO DE LOS TRABAJADORES

Las Administradoras de Fondos de Ahorro para el Retiro (Afores) cumplen 20 años, en los que han crecido hasta manejar casi 3 billones de pesos, lo que representa 15% de la economía mexicana. Sin embargo, los rendimientos que lograrán en los próximos 20 años pueden no alcanzar el nivel a los conseguidos hasta ahora. Del total de estos activos administrados, la mayor parte (56.1%) provienen de las aportaciones realizadas por los trabajadores que se integran a un empleo formal, y...

July 3, 2017

NoticiasMexico

03JulJuly 3, 2017

US. Retirement savers ditch the ‘do it yourself’ approach, opt for target dated funds and professional guidance

It turns out "do-it-yourself" investing is not all that it's cracked up to be. Employees saving for retirement in workplace 401(k) plans are increasingly eager (or willing) to autopilot their allocation and portfolio management decisions. Vanguard reports that among the more than 8,500 retirement plans it administers, with more than 4.6 million participants, usage of target date funds, balanced funds or managed account services has tripled in the decade. This explosive growth has taken place since Washington gave its blessing for...

July 3, 2017

News, SliderUS

03JulJuly 3, 2017

Japan’s GPIF says allocated 1 trillion yen to ethical investments

Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, said on Monday it has allocated 1 trillion yen ($8.9 billion) of funds to socially responsible investments. That represents about 3 percent of its Japanese stocks portfolio and, in the medium term, the fund could increase its investment in companies that have good ESG (Environmental, Social, and Governance) practices, the fund said. Market players said the allocation change by the mammoth fund with total assets of 144 trillion yen ($1.3...

July 3, 2017

News, SliderJapan

July 2017