November 2022

Germany prepares to reform all three pension system pillars

The German government is targeting a comprehensive reform of all the three pension system pillars during what it considers a turning point in history – Zeitwende – with high inflation, possible recession, changes in economic policies and demographic pressures. Speaking at the Handelsblatt occupational pension forum in Berlin today, Florian Toncar, parliamentary state secretary at the Ministry of Finance, said that the government will strengthen the capital funded components in all three pension system pillars, with the first pillar having...

Colombia. A ‘cuenta gotas’, el Congreso viene tramitando su propia reforma laboral | ¿Cómo impactaría a los trabajadores?

A pesar de que el Gobierno nacional aún no ha radicado su anunciada reforma laboral, el Congreso de la República ya avanza en el trámite de varios proyectos relacionados con la materia que podrían significar un revolcón más profundo de lo esperado. Actualmente, entre las comisiones y las plenarias del Senado y la Cámara figuran más de una docena de proyectos que buscan cambiar las condiciones laborales de los trabajadores en Colombia. Una de las iniciativas más sonadas es la que...

68% of Brits back pension triple lock

‘Attacking’ it would be a ‘seriously high-risk and deeply unpopular move’ More than two-thirds of UK adults support an inflation-matching increase in the state pension next year, AJ Bell research has found. Of the 4,000 Brits asked if they backed increasing the state pension in line with wage growth, inflation, or not at all, the overwhelming majority (86%) felt the state pension should increase next year. Most (68%) said they backed an inflation-linked increase, while a further 18% said it should be...

Global population hits 8 billion, doubling in 48 years

The world’s population has reached 8 billion, up by one billion in just 11 years since the population hit 7 billion in 2011. On Tuesday, the UNDP announced that the world’s population had hit 8 billion. UN Secretary-General Antonio Guterres said in a statement that it is a “milestone in human development,” and that this is an “occasion to celebrate diversity and advancements while considering humanity’s shared responsibility for the planet.” Since 1974, when the global population first exceeded 4 billion,...

Age for starting savings for pension drops in China

The average age for starting saving for a pension dropped sharply in China from 38 to 35, according to a survey on the prospect of China's elderly care released by Fidelity International and Ant Fortune on Tuesday, the Paper reported. Perceptions on and behaviors for retirement planning continue to improve when China's personal pension policy landed as a third pillar to support the country's pension system with the basic endowment insurance as the first pillar, and the enterprise annuity as...

Sistema de pensiones de cara a un mundo cambiante

Por Federación internacional de administradoras de fondos de pensiones La federación internacional de administradoras de fondos es una entidad internacional, constituida en Uruguay que reúne a las asociaciones gremiales y entidades que administran fondos de pensiones de 12 países (Bolivia, Colombia, Costa Rica, Chile, El Salvador, España, Kazajistán, México, Perú, República Dominicana, Ucrania y Uruguay). A junio de 2019, los trabajadores afiliados de las asociaciones e instituciones miembros de FIAP suman más de 113 millones y acumulaban en sus respectivas...

Divulgación ASG y de sostenibilidad en mercados de capitales – Una mirada a América Latina

Por El Global Reporting Initiative –GRI- & AG Sustentable La transparencia es un elemento esencial para el éxito del mercado financiero porque contribuye a la generación de confianza, y permite el análisis de riesgos y la toma de decisiones de inversión más informadas. Es por eso que contar con información de sostenibilidad suficiente y de calidad por parte de los emisores es indispensable para los inversionistas y demás actores del mercado. Por ello el Global Reporting Initiative (GRI) con apoyo...

Economic growth, wealth, and wellbeingIs there an intergenerational divide?

By Miguel Artola Blanco This paper reviews the main mechanisms that explain the growing divergence in economic well-being between age groups. The changing patterns in the labour market are well documented and consistently show that young workers have been negatively impacted by the reductions in relative skill premiums, the rise of new forms of contracting (part-time and freelance), and the growing weight of unemployment. Wealth inequalities are also rising, not only for the most obvious transmission channel (savings) but also...

Financial System: Challenges and Opportunities of Digital Transformation in Mexico

By Vanessa Veintimilla Brando & Daniel Miranda Lopez This work aims to understand the implications that financial technology represents for the Mexican financial system. Considering that the adoption of new technologies in the financial system (Fintech) is increasing, a novel and complex context has arisen with diverse implications in various aspects such as education, infrastructure, and the regulatory and supervisory framework needed to ensure a healthy development of the financial system. Although it has been shown that digitization brings...

The Nobel laureate, Paul Krugman and other experts will celebrate 25th anniversary of the Mexican pension system at Encuentro Amafore 2022

Encuentro Amafore 2022 will take place at the Citibanamex Center on the 16 and 17 of November, with keynote speeches by the 2008 Nobel Prize in Economics, Paul Krugman; 2004 Pulitzer Prize-winning historian and geopolitical expert Anne Applebaum; the political scientist, writer and professor at Stanford University, Francis Fukuyama; and the Director of Strategic Alliances and Contents of América Móvil, Arturo Elías Ayub. It will also feature keynote addresses by the director of strategic functions at BlackRock, Peter Fisher; Franklin...