By Andrew L. Oringer (Dechert LLP) This article is adapted from testimony given by Andrew L. Oringer on March 24, 2009 before the House Subcommittee on Health, Education, Labor and Pensions. The testimony was given during the Subcommittee's hearings on the regulations of the US Department of Labor regarding exemptions for certain investment advice. (more…)
Una serie de críticas recibió la propuesta de Andrés Velasco y Jorge Errázuriz de reemplazar el actual sistema de recaudación de cotizaciones y posterior inversión que hacen las AFP, por dos organismos separados y con más actores en la gestión del patrimonio. En una columna de opinión publicada ayer en La Tercera, el ex ministro de Hacienda, junto al actual precandidato a senador por la Quinta Región, esbozaron una fórmula para terminar con el desprestigio y “sospecha” que generan las...
Para Carlos Ramírez, presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), la propuesta de la presidenta chilena, Michelle Bachelet, de incrementar las aportaciones del ahorro para el retiro de 10 a 15% es una decisión valiente. “El aumento de la contribución de 5 puntos porcentuales es una decisión valiente que debemos valorar y considerar hacia el futuro para México”, expuso en entrevista y ante el hecho de que en el país las aportaciones para el...
Labour has joined calls for greater protections to be given to members of workplace pension schemes, after New Model Adviser® revealed how one such scheme closed to new members. Our story raised alarm bells after warnings were made last year by then pensions minister Ros Altmann that master trusts had ‘shockingly’ been set up with no customer protection regime in place. Though protections are now in the pipeline, pension scheme members’ savings could be put in peril by further master trust...
The Asia-Pacific (APAC) region is aging faster than anywhere else in the world with an expected increase of 200 million elderly people (aged 65 and above) by 2030. The aging population is driving an increase in noncommunicable diseases (NCD)—such as diabetes, cancer and heart disease—and ultimately leading to a substantial increase in insurance premiums that could threaten the affordability and sustainability of the insurance model. Increasing NCD Prevalence and its Impact Asian societies are aging at an unprecedented pace and scale,...
The Ministry of Public Administration has announced a new system intended to ensure the timely delivery of pensions to public officers. In a news release yesterday, Public Administration and Communications Minister Maxie Cuffie said Cabinet has approved and confirmed a note that deals with a backlog of pensions in the public service and the Government is putting measures in place to prevent a recurrence of the problem. Cuffie also announced the new system in Parliament during debate on the Fire Service...
Angry voters have rejected Theresa May’s heartless plan to hike taxes and raid pensions after the election. A new poll shows nearly a third of people are less likely to support the Tories following Mrs May’s refusal to rule out tax rises or back the triple-lock on pensions. The resounding thumbs-down for the Prime Minister came as she dodged the press, public and awkward questions yesterday by doing a disappearing act. Instead, she sent out floundering ministers to face the music –...
Para mejorar las pensiones que recibirán los trabajadores mexicanos, las empresas son la mejor opción para facilitar los planes privados de pensiones que ayuden a complementar el ahorro que reciban de su cuenta de afore al momento de jubilarse, indicaron expertos. Francisco Villa, director Comercial de Soluciones Grupales de Principal, refirió que las empresas son el puente perfecto para que los trabajadores comiencen a ahorrar de manera voluntaria, pues al descontarle un porcentaje de su salario, hay una mayor constancia...
El Gobierno se quedaría sin financiamiento para pagar las pensiones de cerca de 160,000 jubilados de la Unidad de Pensiones del Instituto Salvadoreño del Seguro Social (UPISSS) y del Instituto Nacional de Pensiones de los Empleados Públicos (INPEP). ¿La razón? La falta de pago del dinero que los fondos de pensión ya le han prestado al Gobierno para cancelar sus obligaciones con dichos jubilados. Desde 2006, son los fondos de pensión, los ahorros de los actuales trabajadores, los que financian...
Macquarie has insisted it will not asset strip the Green Investment Bank in the wake of its £2.3bn acquisition of the lender despite admitting it will sell off parts of the business following the controversial privatisation. The Government today announced a consortium led by the Australian bank had won the auction for GIB with a deal to buy it for £1.7bn and a pledge to meet a further £600m of the lender’s outstanding commitments. It marks a £160m premium to...
