March 2017

22Mar

UK. Nearly one in seven workers retiring this year have made no financial provisions, study reveals

Nearly one in seven people retiring this year have made no financial provision for their retirement, and more than one in ten will be either totally or partially dependent on the state pension when they stop working, according to new research. The analysis, published by life insurance company Prudential on Wednesday, shows that thousands will enter into retirement this year with an income that is up to £1,400 a year below the Joseph Rowntree Foundation’s minimum income standard for a...

March 22, 2017
News
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21Mar

Asesoran a Mexicanos en EU

En el marco de la Estrategia Nacional de Inclusión y Educación Financiera, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) participará por tercer año en la Semana de Educación Financiera en Estados Unidos, organizada por el Instituto de los Mexicanos en el Exterior. El foro, que se llevará a cabo del 20 al 24 de marzo con el lema “Ahorra, invierte y construye tu patrimonio”, busca brindar información integral a la comunidad mexicana en el exterior sobre...

March 21, 2017
Noticias
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21Mar

Future savings and pension challenges need a new system

OUR retirement savings and pension systems face unprecedented pressures. Today’s western societies operate pension systems for lives of three score years and ten and populations with lots of young people and few retirees. Those assumptions no longer apply. Indeed, we’re not even sure when workers in their 20s, 30s, or even 40s can expect to retire or if they will do so at all. Much of the UK’s problems are because the state pension system is unfunded. What’s called our “National Insurance...

March 21, 2017
News, Savings
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21Mar

U.K. Pensions Schemes Budget and more

Contents Spring Budget 2017 Qualifying recognised overseas pension schemes (QROPS) Pension flexibility - reporting of non-taxable death benefits through Real Time Information (RTI) Relief at Source Scottish rate of Income Tax Lifetime Allowance Pension scheme registrations Appendix 1 - Overseas transfer charge, pension scheme members Appendix 2 - Overseas transfer charge, overseas scheme managers Full Content: Gov UK

March 21, 2017
News
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21Mar

India. Bank retirees demand better pension structure in Andhra

Nearly 500 bank retirees from Vijayawada have decided to take part in a protest at Jantar Mantar in Delhi on March 23. The retired employees of Krishna district want the Indian Banks Association (IBA) to update their pension schemes and hold talks with the All India Bank Retirees Federation (AIBRF). The members of the committee accused the IBA of not implementing the Pension Regulation Act for the last 23 years. The association is also demanding revision of family pensions from...

March 21, 2017
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21Mar

Canada Pension Plan looks to raise its bet on China

China's gradual market liberalization may be good news for Canadian pensioners. Canada Pension Plan Investment Board (CPPIB), the country's largest pension fund, currently has 4 percent of its portfolio in the mainland — a figure that president and CEO Mark Machin said is too low for a globally diversified portfolio such as his. But he plans to increase that share as the world's second-largest economy opens itself up. "We want to significantly increase our investment here over the long term," he said,...

March 21, 2017
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21Mar

Teacher Pensions in Puerto Rico

You are right in identifying the underfunding of teacher pension funds in Puerto Rico as a big problem: Teachers and public employees have fulfilled their commitment to their pensions by contributing year in and year out, yet politicians failed to properly fund them and engaged in risky financial bets that made things only worse. In Puerto Rico, between 2007 and 2013, the government shortchanged the teachers’ pension plan by $2.6 billion. Government advisers then pushed deals with hedge funds and...

March 21, 2017
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21Mar

Chile. La modalidad de pensión preferida por los chilenos en 2016: Renta Temporal con Renta Vitalicia Diferida

La Renta Temporal con Renta Vitalicia Diferida fue la modalidad de pensión favorita de los chilenos durante 2016, de acuerdo cifras entregadas esta tarde por la Superintendencia de Pensiones. De acuerdo al regulador, de los 129.787 nuevos pensionados durante el año pasado, tanto de vejez por edad como vejez anticipada, invalidez y sobrevivencia, el 37,6% es decir 48.841 personas, pudo ingresar al Sistema de Consultas y Ofertas de Montos de Pensión (SCOMP), que les permite elegir entre distintas modalidades de...

March 21, 2017
Noticias
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21Mar

En Colombia, los médicos sin los que más se pensionan

En Colombia hay 21,5 millones de personas ocupadas, de acuerdo con cifras del Departamento Administrativo Nacional de Estadística (Dane). De esa población, solo 14 millones están afiliados a algún fondo de pensión, y las estimaciones de la Universidad del Rosario dicen que apenas 10% de las personas que cotizan se pensionan. En ese contexto, un estudio de la Universidad Nacional de Córdoba revela que hay zonas del país y profesiones con las que es más fácil lograr esta prestación social....

March 21, 2017
Noticias
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20Mar

UK. New tax raid on pensions: OUTRAGE at Hammond’s plans to fill £2billion budget blackhole

After a bruising week where the Chancellor had to reverse a planned tax on the self employed from his Budget, he has identified pensions as “top of his list" to raise funds. But former pensions minister Baroness Altmann has warned that the move could have political consequences by hitting the Tory party's core vote. And Ukip has called on him to dip into the protected £12 billion aid budget to help fund care for the elderly instead of spending taxpayers' cash...

March 20, 2017
News
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