February 2017

26Feb

Las cuatro AFP que hay en Perú tienen invertido en Graña y Montero casi S/ 1.300 millones

Las acciones de Graña y Montero (GyM) cayeron más de 30% en la Bolsa de Valores de Lima, el viernes último, en medio de una crisis de reputación que se agudizó con las declaraciones del exdirectivo de Odebrecht en Perú, Jorge Barata, quien dijo que esta empresa peruana, socia de la constructora brasileña, estaba al tanto de os sobornos que se pagaron por ganar la buena pro de la Interoceánica Sur. Por si esto fue poco, un grupo de inversionistas...

February 26, 2017
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26Feb

Afores bajo el escrutinio

Solicitudes de retiro no concluidas o no atendidas, inconformidad con los saldos, desacuerdo con las correcciones o actualizaciones y discrepancias sobre el monto recibido son algunos motivos de quejas contra las Administradoras de Fondos para el Retiro (Afore) que se interponen ante la Comisión Nacional para la Protección y Defensa de los Usuarios de los Servicios Financieros (Condusef) en Yucatán. Otras causas de procesos que se inician ante esa instancia son solicitudes de retiro por desempleo no atendidas o no...

February 26, 2017
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25Feb

Couples' Retirement under Individual Pension Design: A Regression Discontinuity Study for France

By Elena G. F. Stancanelli (Paris School of Economics) Abstract:     Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate the effects of a French pension reform on spouses’ employment decisions. We use labor-force survey data, pooled over different years, on fifty thousand French couples and apply a regression discontinuity framework, also controlling for couple’s unobserved heterogeneity. We conclude that the reform immediately reduced both spouses’ retirement probability by about 2...

February 25, 2017
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25Feb

In sweeping move, Trump puts regulation monitors in US agencies

President Donald Trump signed an executive order on Friday to place "regulatory reform" task forces and officers within federal agencies in what may be the most far reaching effort to pare back US red tape in recent decades. Trump signed the directive in the Oval Office with chief executives of major US corporations standing behind him including Dow Chemical (DOW.N), Lockheed Martin Corp (LMT.N) and US Steel (X.N). The sweeping order directs every federal agency to establish a task force to...

February 25, 2017
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25Feb

The Rules of an Occupational Retirement Fund and the Problem of Defaulting Employers: A Reconsideration of Orion Money Purchase Pension Fund (SA) v Pension Funds Adjudicator

By Thulani Nkosi (University of the Witwatersrand) Abstract:     This paper reflects on the ongoing challenges presented by certain employers who, whilst deducting occupational retirement fund contributions from their employees' salaries, fail to pay over those contributions to the relevant occupational retirement funds. These employers also often fail to register themselves or their employees as participating members of occupational retirement funds when they are supposed to. Such failures to register with the relevant occupational retirement funds and to pay over...

February 25, 2017
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24Feb

Ibercaja dona el 10% de la comisión de un fondo de pensiones para acciones solidarias

Va destinado a un proyecto que lucha contra la deforestación en la Amazonia peruana y contribuye al desarrollo local. Otro 10% de la comisión se destinará a proyectos sociales localizados en España. Ibercaja ha donado el 10% de la comisión de gestión del Plan de Pensiones Ibercaja Sostenible y Solidario, al Proyecto REDD - Conservación de Madre de Dios en la Amazonia, que va a reducir esta deforestación mediante el incremento de la vigilancia de la selva y a través...

February 24, 2017
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24Feb

Pensions Alert: Benefits for unmarried cohabiting partners

Supreme Court issued a unanimous judgment in a case concerning a claim by the unmarried cohabiting partner of a member of a public service pension scheme that she should be entitled to receive a survivor's pension. In this Pensions Alert we provide an overview of the judgment and consider the possible implications for private sector occupational pension schemes. Facts of the case The scheme in this case was the Local Government Pension Scheme in Northern Ireland (Scheme). The regulations governing the...

February 24, 2017
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24Feb

New index to track Kenya’s pensions industry

At least 56 per cent of retirees in Kenya depend on their children for support or live in poverty despite making contributions to their pension schemes while in active employment, a study has disclosed. The study done by Lunar Odawa-Nguchu of Blossom Consulting Services reveals that the amount the retirees receive is inadequate to cater for their needs. He said while retirement planning needs to prepare individuals for life after paid work ends, not just financially, not all aspects such as...

February 24, 2017
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24Feb

‘Why should I end up with a smaller pension than a male colleague?’

Women receive substantially less in employer pension contributions than men, setting them up for a far poorer retirement, new research has found. It suggests the smaller contributions by firms mean female employees will end up with a pension pot worth an average £47,000 less than their male counterparts. Between 2013 and 2016, men benefited from employer pension contributions worth 7.8pc of their salary each year, compared with 7pc for women. Read More: HERE

February 24, 2017
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24Feb

UK, Canada sign fintech startup deal

The Financial Conduct Authority (FCA) in the UK has formed an agreement with the Ontario Securities Commission (OSC). The deal is designed to simplify the process for fintech startups from one market to access that of the other. As part of this bond, the FCA and OSC will collaborate by sharing information on regulatory issues, as well as information on emerging trends in the market. The FCA set up an innovation hub in 2014 with the intention of supporting new firms in...

February 24, 2017
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