admin, Author at Pension Policy International

22MayMay 22, 2017

México. Adultos mayores pierden tres de cada $10 de su fondo de retiro

Una disposición fiscal provoca que trabajadores en edad de retiro pierdan hasta tres de cada 10 pesos del ahorro acumulado en su Afore por efecto de una doble tributación, aseguró el organismo encargado de la defensa de los contribuyentes. La merma en el ahorro ocurre por el hecho de que la Ley del Impuesto sobre la Renta (ISR) no reconoce como una prestación laboral, sino como otro ingreso, el ahorro acumulado por el trabajador en la administradora de fondos para...

May 22, 2017

NoticiasMexico

22MayMay 22, 2017

US. Government pensions leave retirees, taxpayers in a bind

Underfunded pensions, mainly for government employees, are a disaster waiting to happen, and the concern about underfunded pensions is rising daily as the number of newspaper articles on the topic increases. While most corporate employers shifted from pension plans to 401(k) plans after the early 1980s, governments still offer pensions to employees. Those pensions have left retirees and taxpayers in a bind that has fueled political battles while continuing to enrich investment consultants and managers. The result is that overly...

May 22, 2017

News, OP EdUS

22MayMay 22, 2017

Harness Zimbabwe’s pension funds for economic growth

The Insurance and Pension Commission has revealed that Zimbabwe is sitting on pension fund assets worth close to $10 billion, which can be unlocked to revive the economy. The assets are divided into four main categories - the compulsory scheme administered by the National Social Security Authority, the Public Service Pension Scheme for the civil servants, voluntary occupational pension funds and personal pension plans. According to IPEC, assets under NSSA are worth $800 million, with $6 billion under public sector schemes,...

May 22, 2017

News, OP Ed

22MayMay 22, 2017

India’s pension funds have now more investment options

Pension fund managers will now have more investment options, with InvITs finally becoming a reality after two years and REITs in the offing. Pension regulator PFRDA has created a separate asset class for investment under which the funds can be invested into newly created trusts InvITs and REITs. PFRDA has issued a revised investment guidelines for National Pension System (NPS) schemes (for private sector), which came into effect from May 8. The revised guidelines comes in the backdrop of two Infrastructure Investment...

May 22, 2017

NewsIndia

22MayMay 22, 2017

St. Maarten. General Pension Fund Administrator signs agreement for Pension Reform Financing

Actual pension reforms in St. Maarten are one step closer to being implemented following the signing of an agreement between the general pension fund administrator APS and St. Maarten’s Finance Minister Richard Gibson, Sr. The agreement was signed at Sonesta Maho Beach Resort on Friday as a major highlight of the APS 2017 pension seminar held at that venue. Signing on behalf of APS were APS board officials Franklyn Richards and Guilliano Saturnilia. “The agreement reached between St. Maarten’s general pension...

May 22, 2017

News

19MayMay 19, 2017

Perú. Fujimoristas proponen crear aporte voluntario a las AFP que devuelva más del doble

Se trata de un aporte voluntario para la reconstrucción, cuyo retorno sería garantizado por el Estado, según la propuesta de Fuerza Popular. Conozca los detalles. Por cada sol que se aporte, el Estado pagará el doble más los intereses, es decir por cada S/ 100 de aporte voluntario a la AFP que vaya para la reconstrucción el Estado devolverá S/ 200 más los intereses generados. ¿De qué se trata esta medida?, de la nueva propuesta del grupo parlamentario fujimorista. El congresista...

May 19, 2017

NoticiasPerú

19MayMay 19, 2017

Triple Lock for UK’s 2017 election

Pensions experts say Conservative plans to reduce the generosity of the state pension are a risk, but widely anticipated. The party's manifesto proposes ditching the "triple lock", in which the pension is raised in line with the highest of average earnings, prices or 2.5%. From 2020, its plan is to cut the 2.5% element, to leave a "double lock". Labour and the Liberal Democrats have vowed to maintain the triple lock throughout the next Parliament. The demise of the triple lock under Conservative...

May 19, 2017

News

19MayMay 19, 2017

Canada Pension Plan with ~12% return says it’s losing out on infrastructure deals

The Canada Pension Plan Investment Board (CPPIB), one of the world's biggest infrastructure investors, is regularly losing out in bidding wars for such assets, its chief executive said, as investors seek alternatives to low-yielding government bonds. The CPPIB is one of the world's biggest investors in infrastructure such as roads, bridges and tunnels but its CEO Mark Machin said high valuations were making it harder to do deals in the current environment. "We are consistently outbid for assets around the world...

May 19, 2017

NewsCanada

19MayMay 19, 2017

How Boring Old Pension Funds Might Curb Global Warming

If civilization still exists a century from now, Earth ought to throw a parade for pension funds. For all their fiscally conservative stodginess, the people tasked with safeguarding your nest egg are forcing the financial world to pay attention to climate change. Last week, some retirement funds and church endowments, along with BlackRock, the world’s largest investment bank, approved a proposal that Occidental Petroleum begin researching and reporting its climate-related vulnerabilities. Shareholders of other petroleum companies have petitioned for climate...

May 19, 2017

News

19MayMay 19, 2017

México. Dos Afores bajo la lupa de Fitch Ratings

La agencia Fitch Ratings estará evaluando el impacto que pudiera tener la calificación de las administradoras de fondos para el retiro (afores) XXI Banorte y Sura ante las multas que les impuso la Comisión Federal de Competencia Económica (Cofece) por realizar prácticas monopólicas absolutas. “Este evento será incorporado dentro del análisis y le daremos seguimiento por el impacto que pudiera tener tanto en la situación financiera de las afores como en la imagen que podría verse afectada por estos eventos”,...

May 19, 2017

NoticiasMexico

May 2017