March 2017

16Mar

México. Asciende a 81 mil 233 mdp monto invertido por Afores

Al cierre de la semana pasada que concluyó el 10 de marzo de 2017, el monto de los recursos invertidos por las Afore mediante 16 vehículos de inversión asciende a 81 mil 233 millones de pesos por medio de diez administradores de activos globales: Morgan Stanley, BlackRock, Schroders, JP Morgan, Investec, Pioneer, Franklin Templeton, Banque Paribas, Wellington y Nomura, informó la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). A través de un comunicado detalló que estos mandatos...

March 16, 2017
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16Mar

Germany. Lufthansa, pilots agree wide-ranging deal on pay, pensions

Lufthansa and its pilots' union have reached agreement on a wide-ranging labour contract, including pay rises, changes to pension schemes and job creation, bringing an end to years of wrangling and strikes, the two sides said on Wednesday. The agreement on pensions and early retirement payments will boost the company's profit in 2017 and reduce its pension liabilities by a high hundred-million-euro amount, it said in a statement. In exchange, management has agreed that at least 325 of its planes will...

March 16, 2017
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15Mar

España. Funcionarios triplican su apuesta por instrumentos sin tributación definida para pensiones

Los funcionarios de la Administración General del Estado han cambiado la estrategia de su plan de pensiones en los últimos meses. Según el último informe publicado por su gestora, BBVA, los empleados públicos han triplicado su apuesta por los ETFs (fondos cotizados que replican índices con bajos costes) de renta fija desde septiembre del año pasado. El plan cuenta con un patrimonio de 644 millones de euros, de los que cerca de un 60% está colocado en bonos. Un peso...

March 15, 2017
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15Mar

Chile. Traspasos de sistema de AFP caen 54% en enero

La fiebre por los traspasos de fondo y AFP parece haber bajado, o al menos se tomó unas vacaciones durante enero. De acuerdo al informe mensual de Ciedess, durante el primer mes del año se registró una caída en el total de cambios, incluyendo traspasos de fondo y AFP, de 35,3% respecto de diciembre y una de 54,4% respecto de igual periodo en 2016. Los cambios en enero totalizaron 91.595, lo que corresponde a un 1,7% de los cotizantes. De este total,...

March 15, 2017
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15Mar

Los funcionarios triplican su apuesta por los ETFs a la espera de que se resuelva su tributación

Los funcionarios de la Administración General del Estado han cambiado la estrategia de su plan de pensiones en los últimos meses. Según el último informe publicado por su gestora, BBVA, los empleados públicos han triplicado su apuesta por los ETFs (fondos cotizados que replican índices con bajos costes) de renta fija desde septiembre del año pasado. El plan cuenta con un patrimonio de 644 millones de euros, de los que cerca de un 60% está colocado en bonos. Un peso...

March 15, 2017
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15Mar

Public Pensions and the Assets That Could Sustain Them

For decades, when cash was scarce, corporate pension-plan sponsors have made in-kind contributions -- non-cash assets such as securities and real estate -- to fund their retirement plans. US Steel, for example, contributed 170,000 acres of timberland to meet its pension liabilities. General Motors used securities from a subsidiary company. Facing bankruptcy, Pan American World Airways transferred the lease for its flagship terminal at New York's Kennedy Airport to its pension funds. These private-sector plan sponsors looked to their...

March 15, 2017
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15Mar

Collapsing pensions will fuel America’s next financial crisis

Washington has a knack for ignoring long-term financial shortfalls and painting overly rosy scenarios about the future to make their numbers work in the here and now. Case in point: Donald Trump’s unrealistic projection that the U.S. economy will grow at 3% this year, when the latest GDP forecasts have actually been reduced to 1.8% by a number of economists. Then there is Social Security. Many politicians are just too intimidated, uninformed or complacent to tackle the unsustainability of Social Security...

March 15, 2017
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14Mar

US. Insurance Companies Taking Over Pensions

US insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values give companies the perfect excuse to offload them. “The movement is expected over time to transform the management of pensions for employers, which can slash their exposure to the volatility of the stock and bond markets, as well as for the insurance industry, which gains a source of growth at a time when some traditional businesses are slipping,” The Wall...

March 14, 2017
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14Mar

Iceland lifts foreign capital bans for Pension Funds to invest abroad

Iceland lifted its remaining capital curbs on Tuesday, ending more than eight years of controls on businesses and citizens put in place after its banks collapsed during the financial crisis. Icelandic lenders buckled under the weight of huge debts amassed over years of overseas expansion, spreading instability through other European nations and making the country a symbol of the excesses that helped to trigger the financial crash. The government started dismantling capital controls last year by easing restrictions for local residents...

March 14, 2017
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