February 2017

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
Noticias
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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
Articles
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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
News
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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
Articles
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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
Noticias
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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
News
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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
News
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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
News
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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
News
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23Feb

Pensions, Retirement, and the Disutility of Labor: Bunching in Brazil

By Benjamin Thompson (University of Michigan) Abstract:      Elderly workers in developing countries face certain frictions, such as credit constraints, in their retirement decisions that may not be as common among their counterparts in the developed world, and these concerns may lead workers to work more or less than their preferred number of years. In this study, I firstly use regression discontinuity methods to show that a large fraction of urban male heads of households in Brazil (roughly 45%)...

February 23, 2017
Articles, Labor Market, Pension design, ,
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