admin, Author at Pension Policy International

11AprApril 11, 2017

In Africa, the opportunism of private-equity investors aligns nicely with improving social welfare

Arguably, the turning point in the 2012 US presidential elections between incumbent president Barack Obama and Mitt Romney was the leaking of a recording of the former Utah governor’s infamous “47%” comment. The comment was a reference to a certain segment of US society being freeloaders while everyone else paid their way. It was leapt on by the Obama campaign to build on Romney’s characterization as the evil private-equity man who became a billionaire by stripping businesses of assets and...

April 11, 2017

NewsAfrica

11AprApril 11, 2017

Perú. Plantean que afectados por El Niño retiren hasta 20% de sus AFP

Congresistas del Frente Amplio (FA) presentaron un proyecto de ley que contempla que los afectados por el Fenómeno de El Niño costero puedan retirar hasta el 20% del fondo de sus AFP para atender necesidades familiares y/o personales que se hayan generado por los desastres naturales. Los afiliados que soliciten el retiro de su fondo acumulado, según indica la norma, tendrían que acreditar su condición de damnificados para acceder al retiro. Estos serían los requisitos: ► Ser empadronados por el Instituto...

April 11, 2017

NoticiasPerú

11AprApril 11, 2017

México. ¿Colusión en las Afore?

Dos veces intenté en 2016 registrar aportaciones voluntarias en mi cuenta de Afore. Las dos fracasé. La señorita de Profuturo GNP Afore me solicitó llenar formatos, registrar cuentas, esperar. Obedecí. Pero nada. De hecho, hasta para obtener una cita había que esperar semanas, de otra forma es imposible apersonarse en la sucursal para algún pequeño trámite. Ya ahí, se observa gente mayor sufriendo, incluso llegando en silla de ruedas, y escuchar la imponente voz de gendarmería: “¡¿Tiene cita?!”. Las Afore...

April 11, 2017

NoticiasMexico

11AprApril 11, 2017

UK Pensions minister: lifetime allowance is more than enough to retire on

The £1 million lifetime allowance (LTA) allows people to save four times what they need to reach an average retirement income, according to pensions minister Richard Harrington. Since 2011 the LTA has fallen from £1.8 million to its current level of £1 million. People who breach the £1 million limit over a lifetime face penalties of up to 55% when they receive their pension. The policy, which collected HM Revenue & Customs (HMRC) £126 million for the 2015/16 tax tear according to...

April 11, 2017

NewsUK

11AprApril 11, 2017

Australia’s Biggest Pension Fund Eyes US Infrastructure

President Donald Trump’s plan to fix America’s crumbling infrastructure with $1 trillion of private and public investment over a decade is drawing interest from 10,000 miles away. AustralianSuper Pty, Australia’s biggest pension fund with over A$100 billion ($75 billion) in assets, is eyeing the US market for infrastructure debt and equity investment prospects, said Mark Delaney, its Melbourne-based chief investment officer. “Anyone who has traveled to the US would say there are aspects of the infrastructure that could do with updating,”...

April 11, 2017

NewsAustralia

10AprApril 10, 2017

Bolivia. Federación sindical pide dinero de las AFP para minería

El ejecutivo de la Federación Sindical de Trabajadores Mineros de Bolivia (Fstmb), Orlando Gutiérrez, informó que ha solicitado al Gobierno que dinero de los fondos de pensiones (AFP) se invierta en el sector de la minería asalariada. Indicó que hizo ese planteamiento en una reunión que hubo esta semana con el ministro de Economía, Luis Arce, donde se tocó el tema de las pensiones. El dirigente sostuvo que los trabajadores aún tienen dudas sobre la rentabilidad de las inversiones que hacen...

April 10, 2017

NoticiasBolivia

10AprApril 10, 2017

President Trump Just Cost Americans Saving For Their Retirement $3.7 Billion

Donald Trump talked a big game on the campaign trail about standing up to big corporations and putting the interests of hardworking Americans first. But as president, Trump has repeatedly broken his promises – and now, he’s dealing a blow to Americans saving for retirement. In February, he set in motion a process to kill a common-sense rule that would keep financial advisers from siphoning off money from the clients who trust them. Right now, predatory financial advice cheats investors out...

April 10, 2017

NewsUS

10AprApril 10, 2017

We are Not All the Same: Key Law, Policy and Practice Strategies for Improving the Lives of Older Women in the Lower Mainland

By Canadian Centre for Elder Law (British Columbia Law Institute) In 2011 the Canadian Centre for Elder law (CCEL) started the Older Women’s Dialogue Project (OWDP) to identify and take action on barriers to the well-being of older women. While gender has a significant impact on life experience, research and policy analysis often renders older women invisible: feminist inquiry tends to focus on girls and women of child-bearing age and gender-neutral aging policy concentrates on the experiences of men. The...

April 10, 2017

Aging, Articles, Labor MarketRegulation

10AprApril 10, 2017

Closing Routes to Retirement: How Do People Respond?

By Johannes Geyer & Clara Welteke (German Institute for Economic Research) We present quasi-experimental evidence on the employment effects of an unprecedented large increase in the early retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension beneficiaries at the same time, if employment exits are successfully delayed. However, workers may not be able to work longer or may choose other social support programs as exit routes from employment. We...

April 10, 2017

Aging, Articles, Labor Market, RegulationLabor Market, Occupational Pensions, Sustainability

10AprApril 10, 2017

Time for Retirement ‘Selfies’?

By Robert C. Merton (Massachusetts Institute of Technology) & Arun Muralidhar (George Washington University) To address the looming retirement crisis, many governments are introducing new pension programmes tied to employment for uncovered workers (NEST in the UK and Secure Choice in some US states). These attempt to improve access to pensions, and continue a trend of transferring responsibility for retirement security from governments and employers (via defined benefit [DB] plans) to the individual (via defined contribution [DC] plans), as neither...

April 10, 2017

Articles, Labor Market, Pension design, RegulationAging, Behavior, Investment, Occupational Pensions

April 2017