November 2022
21Nov

US. As Biden turns 80, people ask ‘What’s too old?

Joe Biden turns 80 on Sunday, making him the first octogenarian president in U.S. history. He is set to celebrate his birthday with a brunch hosted by his wife, Jill, a celebration that got an extra lift this weekend with his granddaughter's wedding at the White House on Saturday. With Biden already the oldest person to serve as president, the 2024 race for the White House is shaping up to be uncharted territory for the United States. The nearly 250-year old...

November 21, 2022
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21Nov

Japan seen setting 2023 pension rise below inflation

Japan is expected to curb pension payment rises at rates below that of inflation, according to Nippon Life Insurance's research arm. NLI Research Institute has forecast an inflation rate of 2.5% for full-year 2022, but it expects the government to set the increase in pension payments for those aged 68 and above at only 1.8% for next year. It expects those aged 67 and younger to get a pension rise of 2.1% in 2023. Although there are worries that the financial...

November 21, 2022
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21Nov

India. Government pension funds need more lucrative investment avenues to quell controversy between old and new schemes

By Gautam Mukherjee When the Vajpayee administration introduced the new pension system (NPS) for Central and other government employees commencing on 1 January 2004, the motivation was to ensure long-term viability. It is mandatory for the Central government employees and a few other entities. Much greater longevity had complicated the calculations on the old pension system (OPS). The threat of a bankrupt state defaulting on pensions, such as West Bengal, Kerala or Punjab today, was already beginning to loom large in...

November 21, 2022
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18Nov

México. Afores podrían aprovechar e invertir en nearshoring

El presidente de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar), Iván Pliego Moreno, adelantó que analizan, junto con la Secretaría de Hacienda, esquemas para que las Administradoras de Fondos para el Retiro (Afores) aprovechen las oportunidades que están surgiendo con el nearshoring, para invertir primordialmente en proyectos de infraestructura. “Desde hace poco menos de un año, el gobierno mexicano, a través de la Secretaría de Hacienda, ha insistido en que el nearshoring es una estrategia necesaria,...

November 18, 2022
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18Nov

República Dominicana. Juan Carlos Jiménez en la terna para Superintendencia de Pensiones aprobada por el CNSS

El Consejo Nacional de Seguridad Social (CNSS), aprobó  la terna de los candidatos para ocupar la Superintendencia de Pensiones (SIPEN), la cual será remitida al Poder Ejecutivo. El órgano rector del Sistema Dominicano de Seguridad Social (SDSS) a través de la resolución No. 558-01, establece que dicha terna está integrada por Francisco Alberto Torres Díaz, Jeffrey Lizardo y Juan Carlos Jiménez. El artículo 109 de la Ley 87-01 establece que el Superintendente de Pensiones será designado por el decreto del Poder...

November 18, 2022
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18Nov

Bernardo González: “Las Afores están acomodando su modelo de negocio para enfrentar la disminución de las comisiones”

El 2022 será recordado como un mal año para las Administradoras de Fondos para el Retiro (Afores) en México. Las 10 entidades encargadas de administrar los fondos de jubilación de los trabajadores en México han registrado una disminución de sus ganancias en lo que va del año, al tener utilidades por 3.992 millones de pesos, una caída de casi 70% respecto a sus beneficios de 2021, de acuerdo con datos de la Comisión Nacional de Ahorro para el Retiro...

November 18, 2022
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18Nov

Bancos centrales subestimaron la inflación: Paul Krugman en Encuentro Amafore 2022

El premio Nobel comentó que la economía de EU tendrá un aterrizaje tranquilo; ve bajas posibilidades de entrar en recesión. Los bancos centrales del mundo, como la Reserva Federal de Estados Unidos (Fed), subestimaron a la inflación en un primer instante, lo que obligó a reaccionar con fuertes incrementos en las tasas de interés de referencia, comentó Paul Krugman, Premio Nobel de Economía, en el Encuentro Amafore 2022. “La Reserva Federal (Fed) no previó tanta inflación, cometió el mismo error que...

November 18, 2022
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18Nov

The world’s baby shortfall is so bad that the labor shortage will last for years, major employment firms predict

“Demographic shifts” can mean many things. The composition of a body of people—median age, ethnic makeup, and more—all fall into the category. But in the context of the labor shortage that has gripped the world economy since the pandemic began, it has coincided with one of Elon Musk’s big worries: The world isn’t having enough babies. He has previously said the world’s declining birth rate is “one of the biggest risks to civilization,” which will “crumble” if the world doesn’t have...

November 18, 2022
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18Nov

Make pension schemes attractive: a call for Kenyan pension funds

Pension funds in Kenya are not attracting enough savers from both the formal and informal sector because of low penetration, experts say. A publication of the Zamara Kenya Pensions Watch 2022, shows coverage of the current pension in Kenya is at around 17.7 per cent of the total employed population. About 83.2 per cent of employed Kenyans in the informal sector have no access to any form of pension savings. Speaking at a Pension Trustee Seminar, organised by Zamara, former education CS...

November 18, 2022
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18Nov

Canada. CPP Investments Increases Net Assets to $529 Billion at End of Second Quarter 2023

Toronto-based Canada Pension Plan Investment Board, and its’ investment arm CPP Investments, increased its total assets in the second quarter of fiscal 2022, which ended on September 30, to $529 billion, compared to $523 billion at the end of Q1. The $6 billion increase in net assets for the quarter consisted of $1 billion in net income and $5 billion in net transfers from the Canada Pension Plan (CPP). The Fund, which includes the combination of the base CPP and additional...

November 18, 2022
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