March 2017

13Mar

New Zealand. Raising the retirement age to 67 not enough to support ageing population

The very idea of changing the age of eligibility for NZ Superannuation from 65 to 67 has certainly caused all sorts of reactions, from support for a bold action, to complaints it didn't go far enough, to criticisms that it is unfair and inequitable. But we think these reactions miss the point. The official news release states the change is to "ensure the scheme remains affordable into the future." The implication is that if something doesn't change then there won't...

March 13, 2017
News
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13Mar

Canada pension funds to invest in Singapore, Indonesia warehouses

Canada's two biggest pension funds have agreed to partner with LOGOS, a real estate logistics operator, to invest in warehouses in Singapore and Indonesia, betting on demand from the rise of e-commerce and a burgeoning middle class in southeast Asia. Canada Pension Plan Investment Board (CPPIB), the top pension fund of the country, said in a statement it will initially commit S$200 million ($142 million) for an about 48 percent stake in LOGOS Singapore Logistics Venture. It will also commit...

March 13, 2017
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13Mar

UK. Scots council pension funds ‘put at risk’ over fossil fuel investments

SCOTTISH councils are putting at risk their pension funds and face a possible legal challenge by failing to ditch investments in companies most responsible for climate change, according to a new report. While £1.7 billion is being invested in fossil fuel firms, just £234 million is being invested in renewable energy and social housing across all Scotland's council pension funds, according to a study by think tank Common Weal, Unison Scotland and Friends of the Earth Scotland. The study by think...

March 13, 2017
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13Mar

México. Millennials, generación que requiere apoyo para lograr pensión adecuada

Los Millennials saben de la importancia de contar con una pensión al momento de su retiro y de que ésta sea adecuada, pero no tienen una idea clara de cómo alcanzarla, por lo que es necesario trabajar en varios aspectos para apoyar a este segmento de la población, señaló la Secretaría de Hacienda y Crédito Público (SHCP). Al referirse a la encuesta nacional ¿Qué piensan los Millennials mexicanos del ahorro para el retiro? de la Consar, la SHCP expone que...

March 13, 2017
Noticias
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13Mar

México. Afore Banorte invertirá en mercados de Asia-Pacífico

La región Asia- Pacifico es una de las zonas en donde Afore XXI Banorte, la administradora de fondos para el retiro del Instituto Mexicano del Seguro Social (IMSS) y Grupo Financiero Banorte buscan aprovechar las condiciones de los mercados accionarios de Japón, China, Corea del Sur, Singapur, India, Australia y Reino Unido. Por ello, informó que concretó el fondeo de cuatro mandatos de inversión internacional de Renta Variable en la región de Asia-Pacífico por un monto de 850 millones de...

March 13, 2017
Noticias
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13Mar

World’s Best-Funded Pension Market Shows Dark Side of New Rules

No country on the planet has a better-funded pension system than Denmark. So when its life insurance industry encounters some hurdles, it’s worth paying attention. Because of a challenging cocktail of record-low interest rates and stricter capital requirements, pension funds have been transferring risk to customers instead of keeping it on their own books. Given the developments, the head of Denmark’s financial supervisor wants a regulatory rethink to reflect the new world order he says many pension clients don’t yet understand....

March 13, 2017
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10Mar

India. Let government staff’s pension funds to invest 50 per cent in equities

The pensions fund regulator PFRDA wants government to more than treble the investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 per cent from 15 per cent. The regulator has sent a proposal to government seeking to allow government subscribers (state and central government employees) invest up to 50 per cent in equities under the NPS, Pension Fund Regulatory and Development Authority chairman Hemanth Contractor said. The authority manages about Rs 1.70 trillion...

March 10, 2017
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10Mar

Perú. AFP y el poder de la diversificación

La muy mentada frase “Nunca poner todos los huevos en la misma canasta” resume claramente el concepto de diversificación, pilar principal en el manejo de portafolios de inversión como los que manejan las AFP. Evidenciamos su relevancia cada vez que algún activo o tipo de activo del portafolio se ve afectado, como en la reciente desvalorización de la acción de Graña y Montero. Existen distintos niveles de diversificación y, con el tiempo, aparecen nuevas propuestas para lograrla de manera...

March 10, 2017
Noticias
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10Mar

México. Sindicalizados acusan a ex presidente municipal por desvío de 20mdp del fondo de pensiones

"El presidente se niega a pagar bajo el argumento de que desconoce la deuda e incluso no la tiene registrada como parte de los pendientes que dejó el anterior gobierno municipal", expresó Coache. Más de tres mil sindicalizados pararon labores en iniciaron una serie de acciones para exigir al actual presidente municipal José Antonio Hernández Fraguas atienda en lo inmediata la deuda que le dejó su antecesor, Javier Villacaña Jiménez. En conferencia de prensa, Hernández Fraguas señaló que en su momento...

March 10, 2017
Noticias
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10Mar

Does Financial Regulation Unintentionally Ignore Less Privileged Populations?

By Maya Haran Rosen & Orly Sade (Hebrew University) In 2014, the Israeli insurance and long term savings regulator reached out to the Israeli population to help individuals find inactive retirement plans and withdraw inactive funds. We find that the government's effort did not result in withdrawals of the majority of the accounts, and did not reach all subpopulations equally. Provident fund records indicate that those who took financial action and withdrew funds following the campaigns live in localities in...

March 10, 2017
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