June 2017

09Jun

US. NYC’s Pension Fund Becomes First In Country To Divest From Private Prisons

New York City's pension fund is the first in the nation to fully divest from private prisons, according to Comptroller Scott Stringer. Trustees of the city's pension fund voted unanimously to divest in mid-May, and have since pulled $48 million of stocks and bonds from three companies: GEO Group, CoreCivic, and G4S. "With Donald Trump in the White House, we're seeing more and more industries try to profit from backwards policies at the expense of immigrants and communities of color,"...

June 9, 2017
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09Jun

EU. Commission struggles with tax exemptions in EU-wide pension proposal

As part of the capital markets union mid-term review, the Commission announced it would submit a legislative proposal on a pan-European personal pension product by the end of this month. Dombrovskis told a group of journalists that the intention is to create a framework to enable providers to offer their pension schemes to customers across Europe. The goal is to correct the “unevenness” of the European market in this field, address the difficulties to switch between products and to facilitate the...

June 9, 2017
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09Jun

How Gold Can Rescue Pensions

The World Economic Forum, in conjunction with Mercers (the actuaries) recently estimated that the combined pension deficit currently stands at $66.9tr for eight countries, rising to $427.8tr in 2050. The eight countries are Australia, Canada, China, India, Japan, Netherlands, UK and US. Of the 2016 figure, $50.5tr is unfunded government and public employee pension promises. Yes, we are now talking in hundreds of trillions. Other welfare-providing states missing from the list have deficits that are additional to these estimates. $66.9tr is...

June 9, 2017
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09Jun

Gobierno salvadoreño busca tomar más dinero de las AFP para pagar pensiones

El Congreso de El Salvador recibió hoy una propuesta de reforma con la que el Gobierno busca aumentar el monto máximo que puede tomar de los ahorros de jubilación, administrados por privados, para pagar las pensiones de unas 160.000 personas a cargo del Estado. La propuesta, que busca reformar el artículo 91 de la Ley del Sistema de Ahorro para Pensiones, fue enviada al Congreso el pasado martes por el ministro de Hacienda, Carlos Cáceres, pero su existencia se conoció...

June 9, 2017
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08Jun

Honduras. Las AFP suman activos por L3,900 millones

Las cuatro administradoras de fondos de pensiones y cesantías y reguladas y supervisadas por CNBS manejan activos por 3.948 millones de lempiras. Al cierre del primer trimestre de 2017, el sector de seguros y fondos de pensiones reportó un crecimiento de 12.6%, según cifras del Banco Central de Honduras (BCH). Ante un bono demográfico, que implica mayor cantidad de personas en edad productiva, este sector resulta una industria rentable y pujante en Honduras. En Costa Rica y Panamá la brecha de población...

June 8, 2017
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08Jun

Rezagan en el país reforma a pensiones

La regulación de las cuentas individuales de retiro está rezagada respecto a Chile, donde se preparan reformas para mejorar las pensiones. Esto, de acuerdo con el Informe que la Comisión Nacional de Sistema de Ahorro para el Retiro (Consar) entregó al Congreso. El organismo regulador explicó que basado en parte en las recomendaciones de la Comisión Bravo, que es un grupo de expertos en pensiones, la presidenta de Chile, Michelle Bachelet, anunció recientemente que a pesar de que en noviembre próximo...

June 8, 2017
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08Jun

African Financial Institutions against Money Laundering: Challenge accepted

Africa has earned an unfair reputation of being a haven for money laundering and terror financing activity. There’s good reason for this. Africa has traditionally lagged behind developed markets in terms of promulgating legislation to combat money laundering. And where there is legislation, enforcement is lacking – and criminals have taken advantage. While South Africa is somewhat more mature than the rest of the continent, compliance with anti-money laundering (AML) legislation by banks in Africa is seen as a grudge...

June 8, 2017
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08Jun

India. Survey looks for what ageing India needs

Since April 1, teams in Gujarat have gone about meeting 4,000 people aged over 45 to assess their needs, the first step of a nationwide, 25-year exercise aimed at framing long-term policy initiatives for India’s ageing population. The Longitudinal Ageing Study in India (LASI), launched last year by the health ministry, has targeted a sample of 60,000 people over 45, whose health will be documented over 25 years. Gujarat began its fieldwork on April 1 this year, along with Daman...

June 8, 2017
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08Jun

Germany. Merkel’s SPD Rivals Make Election Pledge to Keep Pensions Stable

BERLIN (Reuters) - Germany's Social Democrats (SPD) unveiled plans on Wednesday to keep pensions stable and cap contributions in an effort to win over voters in a September election and unseat conservative Chancellor Angela Merkel who is seeking a fourth term. The center-left SPD, junior party in Merkel's current right-left coalition, hopes its pension plans will help put the issue of social justice at the heart of the election, though it has not weighed very heavily so far among voters. The...

June 8, 2017
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07Jun

Perú. Damnificados por El Niño no podrán retirar 20% de su AFP

La Comisión de Trabajo del Congreso archivó por mayoría el proyecto de ley que buscaba que los damnificados por El Niño puedan retirar por única vez el 20% de su fondo AFP. Además, se archivó la iniciativa por la cual podían retirar el 25% de la AFP para la reconstrucción de sus viviendas aquellas familias que las habían perdido. Se opusieron los congresistas Úrsula Letona (FP) y Juan Sheput (PPK). Fuente: La Republica Recuerda suscribirte a nuestro boletín semanal gratuito para más...

June 7, 2017
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