admin, Author at Pension Policy International

26MayMay 26, 2017

Nigeria’s pension fund calls authority to increase coverage

The Interim Chairman of the Management Committee of the First Guarantee Pensions Limited Comrade Issa Aremu has called on the new management of the National Pension Commission (Pencom) to increase contributory pension scheme enrollment figure. He made this call at a news conference in Abuja. Aremu, who is also the General Secretary of National Union of Textile, Garment and Tailoring Workers of Nigeria, noted that the current enrolment of less than seven million subscribers in the National Pension Commission was...

May 26, 2017

NewsNigeria

26MayMay 26, 2017

UK. Pensions are sitting on a global time bomb, warns WEF

The world’s biggest economies are sitting on a $70 trillion (£54 trillion) pensions time bomb that will balloon to more than $400 trillion within four decades unless policymakers take urgent action, the World Economic Forum has warned. Analysis by the WEF showed the six countries with biggest pensions – the US, UK, Japan, Netherlands, Canada and Australia – as well as China and India – the two most populous countries in the world – faced a retirement savings gap of $428 trillion in 2050,...

May 26, 2017

NewsUK

25MayMay 25, 2017

México. Pide Fernando Mayans que titular de Consar comparezca ante Comisión Permanente

El senador Fernando Mayans Canabal solicitará la comparecencia del Presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) para que informe y explique sobre el estado que guarda la supervisión de los Sistemas de Ahorro para el Retiro y sobre las fallas en la supervisión de la Consar y en toda la estructura normativa y administrativa de las Afores. En conferencia el legislador por Tabasco informó que presentará un punto de acuerdo para que ante la...

May 25, 2017

NoticiasMexico

25MayMay 25, 2017

Colombia. La competencia entre las AFP y Colpensiones

Nuestro sistema pensional se basa en una supuesta competencia entre las AFP y Colpensiones que funciona muy mal en la práctica porque los afiliados no entienden bien las diferencias entre los dos regímenes. En las AFP la pensión depende de los ahorros y rendimientos acumulados, mientras que en Colpensiones depende de las semanas cotizadas y del salario base de cotización de los últimos 10 años. En líneas generales, Colpensiones les conviene a quienes pueden completar las 1.300 semanas de cotización...

May 25, 2017

NoticiasColombia

25MayMay 25, 2017

Chile. Rentabilidad eleva valor de fondos de pensiones y ya equivalen a casi tres cuartos del PIB chileno

El positivo retorno que han tenido los fondos de pensiones en la primera parte del año ha beneficiado fuertemente a los trabajadores. De hecho, ese buen desempeño generó que el valor total de los fondos acumulados a marzo que son administrados por las AFP crecieran 14% respecto al mismo lapso de 2016 y 6,7% versus diciembre, según un reciente informe de la Superintendencia de Pensiones. Así, el valor total de los ahorros de los trabajadores asciende a US$ 186 mil...

May 25, 2017

NoticiasChile

25MayMay 25, 2017

US. Why tax reform could take away some of the benefits of retirement saving

Retirement saving in typical employer plans – both defined benefit pension and 401(k) plans – is tax advantaged because the government taxes neither the original contribution nor the investment returns until they are withdrawn as benefits at retirement. If the saving were done outside a plan, the individual would first be required to pay tax on their earnings and then on the returns from the portion of those earnings invested. Deferring taxes on the original contribution and on the investment...

May 25, 2017

NewsUS

25MayMay 25, 2017

Are We Ready to Make Decisions for Our Retirement?

PPI’s Op-Ed By Eduardo Rodriguez Montemayor Rapidly aging populations are forcing policymakers to rethink pensions. Defined contribution schemes are quickly becoming the norm, but people don’t yet seem ready for them. Academic evidence from economics and behavioural finance suggest that under many circumstances people may not be ready to take control of retirement savings investment. This is a challenging finding in a context where traditional defined benefit (DB) schemes, (which typically depend on individual salary history and length of service) are waning...

May 25, 2017

Articles, OP Ed, PPI’s original Op-Eds

25MayMay 25, 2017

Malaysia is ageing

We are getting old. The statistics show Malaysia's inevitable march towards a difficult milestone - that of an ageing nation. An ageing society is defined as having a minimum seven per cent of its population aged 65 and older, while an aged nation has 14 per cent or more in that age group. The United Nations Economic and Social Commission for Asia and the Pacific's 2016 population data sheet shows that as of last year, Malaysians aged 60 and above comprise...

May 25, 2017

NewsMalaysia

25MayMay 25, 2017

A Third of Older Latinos Have Tapped Into Retirement Savings

Suddenly jobless and with small children to support, Jose Victor Camargo without hesitation cashed out a retirement account he had with his former employer. That was more than a decade ago, and the father of three used the money to pay for rent and stay afloat until he found another job. "We are always in need, so I used the money," he said in Spanish. "We were struggling. We tried to make the money stretch." An Associated Press-NORC Center for Public...

May 25, 2017

NewsUS

25MayMay 25, 2017

AMP bucks the trend with China pension push

AMP chief executive Craig Meller let the two executives running his China joint ventures make the opening presentations at the company's strategy day on Thursday. This was mostly out of courtesy to his guests, which is an important part of doing business with China, rather than a subtle signal that China will take precedence over the Australian businesses. China is an important growth engine for AMP but is still a relatively small part of the company, which has plenty of work...

May 25, 2017

NewsChina

May 2017