March 2017

US. The Fed’s pension fund is flashing a warning sign about the Trump trade

Federal Reserve Chair Janet Yellen went out of her way during her March press conference to emphasize the central bank's decision to raise interest rates by a quarter percentage point was predicated on past economic performance, not extrapolations about future policy from the administration of President Donald Trump. "The basis for today’s decision is simply our assessment of the progress of the economy against our long-established goals of maximum employment and price stability," Yellen told reporters on March 15. "There’s...

México. Recibe sólo 10% de adultos mayores pensión de una Afore en Puebla

Sólo uno de cada 10 adultos mayores en el estado recibe pensión de una Administradora de Fondos para el Retiro (Afore), advirtió Malco Ramírez Martínez, delegado en Puebla del Instituto Nacional de las Personas Adultas Mayores (Inapam). El 10 por ciento de los 623 mil poblanos de 60 años de edad o más, sí cuenta con los recursos ahorrados durante años en su Afore, mecanismo creado por la Ley del Seguro Social de 1997. Este porcentaje, reconoció ayer el funcionario...

México. A 20 años de la reforma en pensiones

El proximo 1 de julio se estarán cumpliendo 20 años de la entrada en vigor de la Ley del Seguro Social vigente y con ella dos décadas del nuevo sistema de pensiones a través de las Administradoras de Ahorro para el Retiro (Afores). Seguramente, por este aniversario se realizarán durante el año foros y seminarios para hacer un balance del tiempo transcurrido; veremos varios análisis y planteamientos al respecto, tanto del propio gobierno (poder ejecutivo y legislativo), como del...

España. Pensiones, un manual de patología política

Mientras el déficit de la Seguridad Social crece a velocidad de tren bala (está muy próximo a los 19.000 millones), el Gobierno de Mariano Rajoy, con el camafeo de Fátima Báñez en primer término, afronta el problema con el paso tardo del que arrastra los pies porque no quiere ir al dentista. Cuando el déficit supera los 1.000 euros por afiliado, las mesas en el Pacto de Toledo discurren con la extremada placidez que Mayor Oreja atribuyó a la...

México. Devuelven más de 5,000 mdp de ahorro pensionario: Consar

Al cierre de febrero a 104,593 trabajadores se les han entregado recursos por 5,213 millones de pesos del ahorro pensionario que generaron en algún momento de su vida laboral, informó Carlos Ramírez, residente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). "Hay 350,000 personas potenciales a los que se les devolverá el dinero que generaron durante el tiempo que cotizaron (...) Ese dinero nunca se perdió y los trabajadores lo pueden reclamar", expuso luego de presentar...

Ghana. Informal sector players to enroll on pension schemes

Some financial institutions have begun moves aimed at getting more workers in the informal sector to enroll on pension schemes. According to some reports, about 70 percent of Ghana’s working force that fall under the informal sector do not have any pension scheme. In an interview with Citi Business News, the Chief Executive Officer of Old Mutual Ghana, George Kojo Addison said talks have begun with associations in the informal sector to increase their interest in pensions as well as get...

Norwegian Pension Fund Boycotts Dakota Access Pipeline Companies

Kommunal Landspensjonskasse (KLP), a $70.5 billion Norwegian pension fund, is divesting a combined $68.4 million from Phillips 66, Enbridge, Marathon Petroleum, and Energy Transfer Partners, calling the companies’ involvement with the Dakota Access Pipeline (DAPL) “an unacceptable risk of contributing to serious or systematic human rights violations.” The nearly 1,200-mile long pipeline was built to transport oil through North Dakota, South Dakota, Iowa, and Illinois. It has drawn heavy opposition over a potential risk of water contamination at the Lake...

India’s largest mobile phone company sells 10.3% of tower unit to KKR-Canada Pension Plan combine

India's Bharti Airtel has sold a 10.3% stake in its tower unit to a consortium for 61.94 billion rupees ($952 million) as the country's largest mobile phone company seeks to trim its staggering debt. The consortium, backed by private equity firm KKR & Co. and Canada Pension Plan Investment Board, paid 325 rupees per Bharti Infratel share, a 4% premium to Monday's closing price, Bharti Airtel said in a statement to the Indian stock exchanges Tuesday. Bharti Airtel, which will hold...

Invest Africa’s Pension Funds In Infrastructure, NEPAD Advocates in Nigeria

Mr Ibrahim Mayaki, Chief Executive Officer, NEPAD Planning and Coordinating Agency, has tasked African governments to commit to a roadmap that will allow pension funds to invest in infrastructure. A statement in Abuja by the communications section of the Economic Commission for Africa (ECA) disclosed this on Monday at the venue of the ongoing African Development Week which began on Thursday in Dakar, Senegal. The meeting was organized by ECA and the United Nations Economic and Social Council (ECOSOC), the statement...