April 2017

México. Cuatro Afores podrían ser sancionadas por prácticas anticompetitivas

El pleno de la Comisión Federal de Competencia Económica (Cofece), que preside Alejandra Palacios, ya definió las sanciones que impondrá a cuatro afores que incurrieron en prácticas anticompetitivas. El regulador tiene hasta el 10 de mayo para dar a conocer su resolución y todo apunta a que serán, al menos, tres las afores afectadas con sanciones económicas, de las cuales una pagará la mitad de la multa; también se presume que no habrá sanciones penales contra directivos. Los promotores de estas...

Solo 23 % de los adultos mayores en Colombia tienen pensión

Hasta el presidente Juan Manuel Santos dice que es necesaria una reforma pensional. En su discurso de cierre en el X Congreso de Asofondos, el Primer Mandatario propuso la creación de una comisión para estudiar el tema con miras a tratar que el proyecto pase en este Gobierno. Aunque Santos resaltó los avances que se han dado en materia de protección al adulto mayor con programas como Colombia Mayor, el presidente de Fasecolda, Jorge Humberto Botero, explicó que actualmente solo...

México. Aportaciones no se incrementarán en el corto plazo: Amafore

Carlos Noriega, director general de la Asociación Mexicana de afores (Amafore), comentó que en el corto plazo ve muy difícil que el gobierno federal busque incrementar las aportaciones que se hacen al ahorro para el retiro que son de 6.5%, que no alcanza para tener una pensión digna durante la vejez. “No vemos entre las autoridades disposición de incrementar las aportaciones en el corto plazo debido a que hay prioridades de otras reformas que han tenido (...) esa demora nos...

México. Hacienda propone sumar ahorro de Vivienda al Fondo para el Retiro

Es importante integrar el ahorro para la vivienda de los trabajadores a su fondo para el retiro, como parte de las reformas que requiere el Sistema Mexicano de Pensiones, dijo Oscar Vela, jefe de la Unidad de Seguridad, Pensiones y Seguridad Social de la SHCP. Integrar el ahorro para la vivienda de los trabajadores a su fondo para el retiro elevaría las aportaciones para la pensión de inmediato a 11.0 por ciento; medida que sería parte de la ola de...

US. Pensylvania Governor and Treasurer push to cut Pension investment fees

Pennsylvania’s two large public-sector pension agencies got a message from Gov. Tom Wolf on Monday: cut the fees paid to outside firms handling billions in investments. Wolf and Treasurer Joe Torsella said at a news conference that they hoped that the state government pension fund would find ways to save $46 million annually and the school employees’ fund about $100 million a year. The two Democrats said Pennsylvania is near the top in the ranking of states that pay the highest...

Performance Evaluation of Pooled Funds in US and Canada

Pension funds kick off 2017 with positive returns. Morneau Shepell (MSI) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the first quarter of 2017. According to the report, in the first quarter of 2017, diversified pooled fund managers posted a median return of 3.0 per cent before management fees. "Stock markets made strong advances in the first quarter. Emerging market equities dominated with an impressive return of 10.9 per cent for the MSCI Emerging Markets...

Nigeria’s PenCom General Director hands affairs over

A new chapter in the affairs of the National Pension Commission, PenCom, opened yesterday, after the erstwhile Director-General, Mrs. Chinelo Anohu-Amazu, handed over the affairs of the Commission to the Head of Corporate Responsibility, Aisha Dahiru-Umar. PenCom is the industry regulator overseeing assets of more than N6 trillion of pension assets in the country. The handover followed the arrival of her disengagement letter last Friday which was officially delivered to her. As reported by Vanguard yesterday, her removal was effected through...

CEOs urged to invest ‘sleeping giant’ corporate pensions in sustainability

The heads of the world’s largest corporate and investor sustainability initiatives have called on the private sector to mobilise the trillions locked up in corporate pension funds and invest in green projects. While companies have made progress at integrating sustainability into their operations, not enough is being done to ensure that their financial investments - pension plans in particular - align with their own sustainability values, the United Nations-backed Principles for Responsible Investment (UNPRI) and the United Nations Global Compact...

#Republic: Divided Democracy in the Age of Social Media Hardcover – March 14, 2017

From the New York Times bestselling author of Nudge and The World According to Star Wars, a revealing account of how today's Internet threatens democracy--and what can be done about it As the Internet grows more sophisticated, it is creating new threats to democracy. Social media companies such as Facebook can sort us ever more efficiently into groups of the like-minded, creating echo chambers that amplify our views. It's no accident that on some occasions, people of different political views...

Is retirement problem the same as a savings problem?

HOUSE Resolution 67, which Donald Trump signed last week, rolls back a rule that the Labor Department finalised late last year, which would have made it easier for cities and counties to run retirement savings plans for citizens who couldn’t get them through work. It is an odd choice for Republicans to kill plans that would encourage private, voluntary, tax-deferred saving, which they tend to approve of. But a trade group for investment funds opposes the city-run retirement plans....