April 2017

07Apr

Chile. Hacienda confirma golpe a las AFP y pone paños fríos a propuesta de rebajar las horas laborales.

El ministro de Hacienda, Rodrigo Valdés, tuvo una noche agitada. Pasó por dos programas de televisión, en una ofensiva comunicacional para retomar el control de la agenda y hacer volver al centro de la discusión la reforma a las pensiones. Si la razón de las entrevistas era calmar el ambiente ante las terribles cifras de crecimiento de febrero (-1,3%), el mensaje de Valdés que más fuerte sonó y más ruido hizo, fue el golpe a las AFP: confirmó que quedan...

April 7, 2017
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06Apr

Rising Risks for Retirement Savers

As America’s population ages, opportunities for a secure retirement should increase. But the opposite is happening. And things are likely to get worse in the Trump years. A measure passed recently by congressional Republicans and awaiting President Trump’s all-but-certain signature will reverse a rule, passed in the last year of the Obama administration, allowing cities and counties to organize savings plans for private-sector workers who have no employer-provided retirement coverage. Another measure, blocking states from sponsoring similar retirement savings plans,...

April 6, 2017
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06Apr

Biggest Pension Fund Faces Yen Risk as Trump Rally Fades

The world’s biggest pension may find that when it comes to returns on its $1.3 trillion in assets, Donald Trump giveth and taketh away. What started as a rally in stocks on his presidential victory five months ago turned into a slump this year, making it harder for Japan’s Government Pension Investment Fund to beat its record $92 billion gain in the fourth quarter, according to SMBC Nikko Securities Inc. and BNP Paribas Securities Ltd. in Tokyo. GPIF may announce...

April 6, 2017
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06Apr

Greece Said to Near Bailout Compromise on Pensions, Taxes

Greece and its creditors are closing in on a deal over the reforms needed to unlock fresh loans for the country, even as Prime Minister Alexis Tsipras warned that a summit of euro-area leaders may be required if an agreement isn’t reached by Friday. In a proposed compromise discussed on Tuesday, Greece would reduce its pension outlays by 1 percent of gross domestic product in 2019 and lower its tax-free threshold in 2020 by a similar amount, according to three...

April 6, 2017
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06Apr

Here’s what the US could learn from Singapore’s plan for aging workers

At Chatters, a small café in the lobby of a hospital, the staff frothing cappuccinos and managing the register aren't your typical young baristas. That's because every employee must be at least 55. "It keeps my mind moving," said Sally Chung, 72, a retired accountant, who manages the café and does the books. The café's age requirement reflects a demographic trend this city-state of 5.6 million people is trying to confront: the population is getting old — fast. In 2015, one in...

April 6, 2017
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06Apr

Lifetime Isa chaos: Fees could leave savers £60k worse off than pensions

The Government's Lifetime Isa scheme is in chaos as not a single high street bank is offering the accounts, amid fears it could result in a mis-selling scandal. Despite officially launching on April 6 just three providers have agreed to offer the accounts, one of which was last night accused of ripping off savers by charging "disturbingly" high fees. Daily Telegraph calculations reveal that the Share Centre's Lifetime Isa will leave savers as much as £60,000 worse off than they would...

April 6, 2017
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06Apr

President Trump’s Directive Just Cost Investors $181 Million This Year

A US regulation requiring retirement advisers to put their clients’ best interests before their own profits when advising clients was slated to go into effect next Tuesday, but President Trump’s Labor Department on Tuesday announced a decision delaying the fiduciary rule by 60 days amid pressures from the financial industry. The problem is that even the 60-day delay —let alone any further decision to scale back the rule or rescind it outright —will impact working people’s retirement accounts. Even the...

April 6, 2017
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06Apr

Chile. “No + AFP”: El único sistema que puede duplicar las pensiones es el de reparto

El economista integrante de “No + AFP”, Patricio Guzmán, conversó con La Prueba de ADN con respecto al sistema de pensiones en Chile, además de cuestionar la postura que ha tenido el ministro de Hacienda, Rodrigo Valdés, en cuanto a las modificaciones que planea para este ítem. A su juicio, no es extraño lo ocurrido con el personero de Gobierno, ya que “ha hecho lo posible para que el sistema de AFP siga. Derechamente no quiere modificar en nada sustantivo,...

April 6, 2017
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06Apr

Chile. Asociación de AFP: Aumento de la edad de jubilación se debe hacer en el tiempo

El presidente de la Asociación de AFP, Andrés Santa Cruz, aseguró este miércoles en El Diario de Cooperativa que es necesario elevar la edad de la jubilación de hombres y de mujeres. "El aumento de la edad para hombres y mujeres es algo que hay que ir en el tiempo haciendo", aseveró. Santa Cruz sostuvo que "hay dos caminos. Un camino es que haya incentivos para que la gente permanezca en el mundo del trabajo y, por tanto, no sea necesario...

April 6, 2017
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06Apr

México. Plusvalía de afores llega a 119.7 mil mdp

Durante el primer trimestre de este año, los recursos administrados por las afore registraron un incremento de 119 mil 767 millones de pesos, que se traducen en ganancias para los 56 millones de trabajadores que tienen una cuenta de ahorro para el retiro. En su última actualización, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), informó que hasta el cierre de marzo los recursos administrados por las afore, que son propiedad de los trabajadores, ascienden a dos...

April 6, 2017
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