admin, Author at Pension Policy International

19AprApril 19, 2017

As the Clock Ticks, Senate Stalls on State-Run Retirement Plans

Late last month, Congress voted to overturn an Obama-era rule that cleared the way for cities to create retirement programs for private-sector workers that didn't have one through their employer. But a similar resolution targeting the rule as it applies to states is stuck. For the past three weeks, that resolution has lingered in uncertainty as the Senate stalls on taking an up or down vote. Many believe that signals an opportunity. "Based on the conversations we've had with staff and...

April 19, 2017

NewsUS

19AprApril 19, 2017

Brazil waters down pension reform as protests turn violent

Brazilian President Michel Temer on Tuesday made new concessions to ease passage of an unpopular pension reform bill, leading police unions to try and invade Congress in the latest angry demonstration from a labor group. The watered-down proposal, which has faced pressure from skittish lawmakers, has raised doubts among investors about how close it will come to the original goal of narrowing a huge and growing budget deficit. After the details of the new proposal were revealed on Tuesday, protesting police...

April 19, 2017

NewsBrazil

19AprApril 19, 2017

NPRA baits informal workers

The National Pensions Regulatory Authority (NPRA) has slashed the registration fee for corporate trustees wishing to operate in the informal sector from GH¢5,000 to GH¢1,000, as part of measures aimed at enticing more trustees to rope non-formal workers into the pension scheme. The authority has also reduced the individual trustee informal sector licensing fee from GH¢5,000 to GH¢500. The measures, which took immediate effect, are expected to help encourage high participation of corporate trustees in the informal sector. The reduction in the...

April 19, 2017

NewsGhana

19AprApril 19, 2017

Violence will not slow down pension reform: President Tsai

President Tsai Ing-wen (蔡英文) said on Wednesday at the Presidential Office, with anti-pension reform demonstrators protesting outside the Legislative Yuan, that violence will not be allowed to slow down pension reform and anyone who engages in violence will be held accountable for their actions. Following an overnight sleepover protest against pension reforms, protesters composed mainly of public servants, teachers and military personnel rallied outside the Legislative Yuan complex on Wednesday, shouting anti-pension reform slogans, blocking legislators from entering the complex...

April 19, 2017

NewsTaipei

18AprApril 18, 2017

Un 15% más de colombianos se pensionarán por los fondos privados que por Colpensiones, afirma Asofondos

El presidente de Colpensiones, Santiago Montenegro, defendió el régimen pensional privado y dijo que los colombianos tendrán mayores garantías para jubilarse por los fondos privados que por el de prima media. Montenegro afirmó que mientras por los fondos privados se pensionará un 25% de los afiliados, por Colpensiones lo hará sólo el 10%. Según indicó, esto se debe a que muchas personas no revisan si podrán llegar a las 1.300 semanas cotizadas, requisito básico en el régimen público de pensiones, para...

April 18, 2017

NoticiasColombia

18AprApril 18, 2017

Ministro Valdés acusó conflictos de intereses en las AFP por cinco por ciento adicional

El ministro de Hacienda, Rodrigo Valdés, acusó a las AFP de tener conflictos de intereses por querer gestionar el cinco por ciento de cotización adicional anunciado por el Gobierno, esto en el marco de un foro internacional desarrollado en el Hotel Sheraton, desatando una nueva pugna entre el Gobierno y las administradoras. "Es legítimo que cada uno se preocupe de mantener y ampliar su negocio pero es importante reconocer los conflictos de intereses en el debate, como los que tienen...

April 18, 2017

NoticiasChile

18AprApril 18, 2017

“Pension tax could discourage savings” Interview with Stanlib Uganda’s General Manager

What are the key elements in your management philosophy as a manager? A managerial role normally comes with responsibilities over the operations of the entire company and you cannot do things on your own. It is a team effort. I work with experts in the various departments to ensure that the company meets its goals. What is your assessment of fund and investment management in Uganda? We have been in Uganda since 2001 although handling mostly institutional or large scale investment management....

April 18, 2017

NewsUganda

18AprApril 18, 2017

Perú. AFP: Jubilados por invalidez reciben pensiones cuatro veces mayores a su fondo

En el último año, dentro del Sistema Privado de Pensiones (SPP) 3,338 personas recibieron una pensión por invalidez que está por encima del promedio, de acuerdo a Giovanna Prialé, presidenta de la Asociación de AFP. "Lo que muestran los datos estadísticos es que una persona que se jubila por invalidez tiene un aporte de la compañía de seguros que es cuatro veces lo que esa persona tenía en su cuenta", señaló a Correo. Por concepto de invalidez, la pensión promedio...

April 18, 2017

NoticiasPerú

18AprApril 18, 2017

UK. Providers Take First Steps Towards Pension Dashboard

The government has challenged pension providers to build a fintech app that will revolutionise retirement planning by showing all a saver’s pensions in one online place. Pension dashboards are a way of urging retirement savers to put more money aside for when they give up work by helping them see just how much they have saved – and how much money they need for a comfortable retirement. According to official statistics, most workers will have at least 11 jobs during their...

April 18, 2017

NewsUK

18AprApril 18, 2017

Can Pension Funds Help Solve Africa’s Infrastructure Deficit?

Despite the global focus on growth trends in Africa, one trend has flown mostly below the radar: the increase in the number and size of pension funds. In addition to evidencing increased income security, the continent’s growing number of pension funds could potentially be a new source of funding to address Africa’s infrastructure deficit, estimated by Ernst & Young to be $90 billion annually. African pension funds, which are currently estimated to hold USD 334 billion in assets, are now...

April 18, 2017

News, OP EdAfrica

April 2017