June 2017

Alianza del Pacífico: Países se integran para facilitar inversión de las AFP

Este jueves los países de la Alianza del Pacífico (Perú, México, Colombia y Chile) firmaron en la ciudad de Santiago de Cali, una convención multilateral que evita a los fondos de pensiones privados administrados por las AFP del bloque, el pago de una doble tributación. Como parte de las reuniones del Grupo de Alto Nivel (GAN) de la Alianza, que lidera Colombia, la presidencia de dicho país compartió las impresiones de su ministro de Hacienda y Crédito Público, Mauricio Cárdenas....

US. Automation making a big difference in millennials’ retirement plans

Wells Fargo, after examining the 4 million accounts of its 401(k) plan participants, found that its millennial workers are saving more for retirement when automatic enrollment and qualified default investment alternatives, like target-date funds and managed accounts, are made available. In fact, Wells Fargo found that 85% of younger workers stay in the plan when automatically enrolled, according to a study the financial services company release titled “Wells Fargo Driving Plan Health.” Wells Fargo finds that when younger workers are automatically...

México. Afore Principal paga multa; Sura y XXI Banorte se amparan

La administradora de fondos para el retiro (afore) Principal asumió su responsabilidad y pagó la multa que le impuso la Comisión Federal de Competencia Económica (Cofece) por realizar junto con XXI Banorte, Sura y Profuturo GNP prácticas desleales que afectan a la competencia del mercado. Mariano Ugarte Del Solar, director general de Principal Afore, expuso que cuando inició la investigación de la Cofece en el 2015, colaboraron para dar cualquier información, les llegó el fallo, la multa y decidieron asumir...

Tax reform could change the way Americans save for retirement

he fight over tax reform is starting to get personal. So far, much of the debate in Washington has centered on overhauling the corporate tax code. But a new coalition of consumer and industry groups is spotlighting the potential for major changes to the individual side — particularly the way that Americans save for retirement. The White House and Republican leadership on Capitol Hill have said they want to streamline the tax system, allowing Americans to file their returns using nothing...

En 72 horas, devolverán dinero a defraudados de Afore Siglo XXI

Unas 700 personas todavía enfrentan problemas con Afore Siglo XXI por la falta de la devolución de sus ahorros y ahora se han sumado algunos a los que también les negaron sus recursos de través de Infonavit. Por lo anterior, integrantes de la Asociación Salud y Seguridad Social para Todos, se manifestaron una vez más frente a las instalaciones de Afore Siglo XXI, donde fueron recibidos y les propusieron llevar a cabo una mesa de diálogo a nivel nacional con...

Envejecimiento se torna riesgo económico para pensiones en China

El problema se agravó a finales de los Noventa, cuando millones de trabajadores de empresas estatales fueron despedidos y se les ofrecieron pensiones a pesar de que no habían alcanzado la edad de retirarse. No es ningún secreto que China es una sociedad envejecida que debe costear una factura de pensiones cada vez alta. Sí, parece serlo, empero, qué proporción de esa factura carece de financiamiento. Es una cuestión cada vez más apremiante dado que casi un tercio del país más...

Regulation, red tape, sometimes necessary as Grenfell and BHS prove in different ways

How often have you heard politicians, especially low-rent Conservative politicians, banging on about red tape? If we just took up our scissors and cut through the lot of it then the British economy would surge off into the stratosphere, leaving those of our (former) EU friends in the dust! We'd be richer and happier as a foggy Asian tiger! Now, if we could just get the flights over there sorted out. Better get Boris Island built in the Thames estuary. With...

Canada public pension fund commits up to $1 billion to buy U.S. oil, gas assets

Canada Pension Plan Investment Board (CPPIB), the country's biggest public pension fund, plans to invest up to $1 billion to buy oil and gas assets in the United States in a partnership with Encino Energy Ltd. CPPIB said on Wednesday the partnership, Encino Acquisition Partners, would seek non-core assets being sold by global energy majors and would focus on basins already producing oil and gas. Houston-based energy company Encino Energy, which is privately-owned, will operate the assets acquired by the partnership...

EU pension’ planned for people who move between countries

A new “EU pension” will be introduced to aid people who move around the continent under proposals from the European commission. The EU-branded product will allow workers hopping from country to country to save seamlessly into one pot. To make the EU pensions more attractive to savers, Brussels will recommend national governments give the pan-European product the most favourable tax treatment they are able to provide. It had been hoped that the tax treatment of pensions could be harmonised as part of...

UK. 38% believe workplace pensions are the safest way to save for retirement

More than a third (38%) of respondents aged under 40 years old or aged 40 and over who have not yet retired believe that a workplace pension scheme is the safest way to save for retirement in the period July 2016-December 2016, according to research by the Office for National Statistics (ONS). Its Early indicator estimates from the wealth and assets survey also found that 68% of respondents who have not yet retired cite an occupational or personal pension as...