March 2017

28Mar

México. Sura y Banamex ganan cuentas asignadas y reasignadas por la Consar

Sura y Banamex encabezan la lista de las Afores que recibieron las cuentas de ahorro para el retiro asignadas y reasignadas por la Comisión Nacional del Sistema de Ahorro (Consar). La Consar asignó a estas y otras Afores las cuentas de trabajadores que ya cotizan en el sistema de pensiones, pero que no elegieron una Administradora de Fondos para el Retiro en 2016. También reasignó las cuentas de aquellos que no han elegido Afore en los dos últimos años. Todas estas...

March 28, 2017
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28Mar

México. Afore Sura da mandato a Pioneer Investment

El administrador global de inversiones Pioneer Investments anunció el fondeo de un mandato en mercados accionarios globales con la administradora de fondos para el retiro (afore) Sura en México. En un comunicado, el administrador de fondos señaló que el mandato, que asciende a 200 millones de dólares, será manejado por el equipo especialista en mercados accionarios desde el centro de inversiones de Pioneer Investments en Boston. Pioneer actualmente gestiona 240,000 millones de dólares en activos y ha manejado inversiones en mercados...

March 28, 2017
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27Mar

Barbados. OPBA will provide Retirement Savings Statements

THE OCCUPATIONAL PENSION BENEFIT, OPBA, has made provision for pension plan members to be regularly informed of the status of their accumulating pension benefit. In addition, it has made provision for relatively early vesting of pension benefits and for greater portability of pension funds. Every year, the administrator of the pension plan must provide a written statement to each plan member setting out the specifics of the contributions made to the plan by the employee, if any, and by the...

March 27, 2017
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27Mar

US. Retirement Planning: Boomers Navigate Impact of Financial Crisis

According to a new study, only two percent of middle-income Baby Boomers feel the economy has fully recovered from the financial crisis that began in 2007. The survey, “10 Years After the Crisis: Middle-Income Boomers Rebounding But Not Recovered,” by Bankers Life Center for a Secure Retirement, finds that Boomers' lack of trust in institutions has led to permanent financial impairment. “[Before the Great Recession] Boomers had a clear vision of what a personally satisfying retirement looked like,” said Scott Goldberg,...

March 27, 2017
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27Mar

Thailand Government Pension Fund to Form Asset Management Unit

The Finance Ministry plans amending legislation to allow the Government Pension Fund (GPF) to form an asset management company to increase returns for members. Somchai Sujjapongse, permanent secretary for finance, aired the idea at the ministry on the 20th anniversary of the fund, which amounted to 758 billion baht in October last year. "The finance minister agrees with the plan... We are of the view the GPF is ready in terms of personnel who are able to manage investment in funds,"...

March 27, 2017
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27Mar

Towards an Equitable and Sustainable Points System: A Proposal for Pension Reform in Belgium

By Erik Schokkaert (Catholic University of Leuven), Pierre Devolder (Catholic University of Louvain), Jean Hindriks (University of London) & Frank Vandenbroucke (University of Amsterdam) We describe the points system that has been proposed by the Belgian Commission for Pension Reform 2020-2040. Intragenerational equity can be realised in a flexible and transparent way through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the value of a point for the newly retired and a sustainability parameter...

March 27, 2017
Aging, Articles, Labor Market, System Sustainability, , , ,
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27Mar

Chile, la cuna de los fondos privados de pensiones (las AFP), se rebela contra un invento que se extendió por toda América Latina

El gobierno militar de Augusto Pinochet en Chile terminó hace más de un cuarto de siglo. Pero una de sus políticas más representativas sigue en pie y es más controversial que nunca. Chile fue un precursor mundial de la privatización de la seguridad social. Desde 1980 operan en el país fondos privados de pensiones en un esquema que ha sido adoptado en muchos países latinoamericanos, entre ellos Argentina y Perú. Pero muchos chilenos están profundamente descontentos con este modelo, contra el que...

March 27, 2017
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27Mar

Chile pensions protest draws tens of thousands

Tens of thousands of people in Chile have taken part in demonstrations against the country's controversial privatised pension system. Demonstrators called on the socialist government of Michelle Bachelet to scrap the the system, which is managed by private funds. Critics say the system benefits the rich but leaves poorer Chileans with a pension below the minimum wage. The system was introduced in 1981 under General Augusto Pinochet's rule. Protest organisers said a total of more than 2 million people had joined marches in...

March 27, 2017
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26Mar

Redistribution Effect and Pension Choice: Theory and Evidence

By Hulai Zhang (Peking University) This paper mainly focuses on two issues, the factors influencing pension choice and the redistribution effect of the pension system in China. Our model studies the trade-offs of relative financial benefits and risks provided by various plans, as well as the accessibility to specific pension plans and accessibility to information on pensions. The features examined include individual features such as hukou, gender and education, family features like marital status and work features like job types....

March 26, 2017
Articles, Labor Market, Pension design, Regulation, , , ,
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26Mar

How Productivity Can Affect Pension Systems: The Case of Japan and Malaysia

By Mario Arturo Ruiz Estrada (University of Malaya) This research paper proposes a group of new indicators in the analysis of pension programs performance. Section one presents a new model of analysis to evaluate the pension systems. This new model, “The Pensions Systems Performance Evaluation Model (PSPE-Model)” is intended to offer policy-makers and researchers an additional analytical tool to study the impact of productivity on the pension systems performance from a new perspective. The PSPE-Model can be applied to the...

March 26, 2017
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