admin, Author at Pension Policy International

25JunJune 25, 2017

Automatic Enrollment and Choices of Pension Plans: An Experimental Study in Brazil

By Antonio Gualberto Pereira (Universidade Federal da Bahia) & Luís Eduardo Afonso (University of Sao Paulo) One alternative presented in the literature to increase adhesion to pension plans is to modify the default of choices from opt in (to adhere to the plan) to opt out (leave the plan), a nudge typical of the libertarian paternalism (Kahneman, 2002). An experimental design was adopted, adapted from a tool by Hey (2007). The research was made available with the assistance of Questionpro©...

June 25, 2017

Adequacy, Articles, Pension design, Regulation

23JunJune 23, 2017

UK. ‘Triple lock’ is unsustainable, says new Pensions Secretary David Gauke

The pension triple lock is no longer a sustainable policy, the new Work and Pensions Secretary has insisted. David Gauke said the mechanism would remain until 2020, but would then be "reflected" on. The Conservative manifesto pledged to abandon the triple lock on state pensions rises, which sees the state pension rise in line with either wages, inflation or earnings - whichever is highest. However, the flagship pledge was not mentioned in the Queen Speech after the Prime Minister failed to secure...

June 23, 2017

News, SliderUK

23JunJune 23, 2017

EBRD pioneers private pension management in Bosnia and Herzegovina

The EBRD is pioneering the development of private pension management in Bosnia and Herzegovina with an equity investment in the European Voluntary Pension Fund Management Company (EPF) together with Skupna pokojninska družba and the Pension Reserve Fund of Republika Srpska. The EBRD and Enterprise Expansion Fund (ENEF) will jointly invest BAM 1,452,000 (€742,500 equivalent) to purchase 33 per cent of the capital and voting rights in the joint stock company. The investment will allow the fund management firm to become the...

June 23, 2017

News, SliderBosnia & Herzegovina

23JunJune 23, 2017

Chile. Superintendencias de Pensiones confirma oficios a las AFP por incentivos para cambiar afiliados

La Superintendencia de Pensiones confirmó que está llevando a cabo una investigación por pagos que ofrecen vendedores por cambiarse de administradoras, según había adelantado El Mercurio. Del mismo modo, la entidad aseguró que ya ofició a las AFP por las supuestas irregularidades. Fuente: Diario Financiero Recuerda suscribirte a nuestro boletín semanal gratuito para más noticias o suscríbete a nuestro servicio con acceso ilimitado.

June 23, 2017

NoticiasChile

23JunJune 23, 2017

México. Las Afores de Banorte y Profuturo, las que más daño hicieron por colusión

Profuturo y XXI Banorte son las administradoras de fondos para el retiro (afores) que mayor daño económico provocaron de las cuatro empresas que se coludieron para reducir el número de traspasos de cuentas de los trabajadores mexicanos entre 2012 y 2014. Entre las dos afores sumaron un daño total al mercado por 251.5 millones de pesos (mdp). A la afore de Banorte se le atribuyen daños por 107.2 mdp, mientras que a Profuturo 144.3 mdp, de acuerdo con datos integrados...

June 23, 2017

NoticiasMexico

23JunJune 23, 2017

Global Pension Risk Survey reveals UK progress on de-risking

The biennial survey saw responses from 185 UK schemes, with 4.5 million members and £500 billion of assets. Most apparent among the findings was the growing appetite for de-risking and the increasing range of actions being taken. Matthew Arends, partner at Aon Hewitt said: “The UK findings of this year’s Aon Global Pension Risk Survey report that just 4% of respondents had implemented an Integrated Risk Management (IRM) plan with actions, and 46% either had no IRM plan or had...

June 23, 2017

NewsUK

23JunJune 23, 2017

How This Entrepreneur Cracked The Pension Sector And Got The Fintech World Buzzing

Pension savings is a perennial hot topic, and one that causes no end of confusion and frustration for many people. When investment banker Romi Savova wanted to switch pension provider, even with her industry knowledge, she found it an ordeal. The experience convinced her that the industry needed to change, so in 2014 she took the plunge and swapped her City career for her own fintech startup PensionBee, which allows people to take charge of their own retirement savings. Three...

June 23, 2017

News

22JunJune 22, 2017

Chile. Superintendencia de Pensiones actualiza comisiones de administración

La Superintendencia de Pensiones resolvió actualizar las comisiones de administración, transacción y custodia. Estas se dan en el caso en que los Fondos de Pensiones o Fondos de Cesantía encarguen a entidades mandatarias extranjeras la administración de todo o parte de los recursos de los Fondos de Pensiones y de Cesantía invertidos en el extranjero. La base de datos que utilizó fue la denominada"United States Mutual Funds?, de Morningstar Direct, a marzo de 2017, y las cuentas mandatarias fueron clasificadas según...

June 22, 2017

NoticiasChile

22JunJune 22, 2017

Congreso salvadoreño aprueba reorientar 33 millones de dólares para pensiones

El Congreso de El Salvador aprobó hoy destinar al pago de pensiones 33 millones de dólares excedentes de la Superintendencia General de Electricidad y Telecomunicaciones (SIGET) y de la Comisión Ejecutiva Portuaria Autónoma (CEPA). La aprobación, con 76 votos de 84 posibles, se efectuó tras la petición del presidente, Salvador Sánchez Cerén, quien presentó este martes una iniciativa en la Asamblea Legislativa para reorientar los 33.064.904 de dólares, "excedentes de la SIGET y CEPA", y financiar el Fondo de Amortización...

June 22, 2017

NoticiasEl Salvador

22JunJune 22, 2017

Nigeria. NLC asks Cross River to account for N31b bailout fund

The Nigeria Labour Congress (NLC) has asked the Cross River State Governor, Ben Ayade, to account for the N31.1 billion bailout fund the state received from the Federal Government. The Organised Labour in the state had on Monday resumed a total strike it suspended on May 30 demanding the payment of arrears of gratuity, release of promotion letters and many others, saying the Paris fund refund and the bailout funds were meant for payment of salaries, pensions and gratuities and...

June 22, 2017

News, SliderNigeria

June 2017