Iceland Iceland’s pension system is rated by CNBC as the best in the world and yet remarkably it only spends 2.6% of GDP on retirees, the smallest amount in Europe. Pensioners are entitled to the full ellilífeyrir payment if they’ve lived in Iceland for 40 years. Retirees can apply for a basic pension, a pension supplement and a household supplement and all amounts are based on income. The regular pension age is 67, unless you have worked at sea for...
At COP27 in Sharm el-Sheikh, Egypt, the Climate Investment Coalition (CIC), in collaboration with the Nordic Council of Ministers, presented key investor recommendations to bridge the climate finance and investment gap by 2030 towards emerging markets and developing economies. This was made alongside an overview of Nordic pension fund progress within climate and clean energy investments in 2022. Despite financial challenges and a volatile economic environment, the first wave of pension fund reporting in 2022 indicates that the Nordic pension...
Por Iván Federico Montes de Oca En esta ponencia se realiza una comparación de las principales características sociodemográficas y las condiciones laborales generales de los trabajadores del reparto en México, Colombia, Ecuador, Perú y Argentina. A partir del relevamiento de fuentes secundarias se observa que el perfil de los repartidores presenta características similares, siendo mayormente hombres jóvenes de origen migrante y con estudios avanzados. La pregunta general que se realiza consiste en comprender si se puede establecer una relación entre...
Debido al impacto de la pandemia de covid-19 en Mexico se perdieron cinco años en el indicador de esperanza de vida, esto dependiendo de la densidad de población, ya sea en contextos urbanos y rurales, el cual actualmente ronda los 70 años de edad. Durante la inauguración del Seminario Internacional de Procesos Demográficos y sus Disyuntivas en el Siglo XXI: Hacia una Nueva Carta de Navegación Demográfica, el coordinador del Centro de Investigación y Estudios Avanzados de la Población (CIEAP),...
El Presidente de Chile, Gabriel Boric, señaló que espera que la reforma de pensiones ingresada esta semana al Congreso sea aprobada durante el primer semestre del año 2023, junto con reconocer que “sabemos que cuando se ingresa una reforma no sale exactamente como entró”. El mandatario planteó que “espero que esta sea una discusión relativamente rápida, porque llevamos 10 años discutiendo la necesidad de una reforma de pensiones y que ojalá durante en el primer semestre del próximo año...
BofA Securities realizó un análisis sobre las reforma pensional del Gobierno de Gustavo Petro. Llegaron a tres grande conclusiones: La primera, "la reforma previsional infringiría daños en la fontanería del balance de pagos. La cuenta corriente es igual al ahorro menos la inversión". La segunda, la reforma reduciría el ahorro. Y la tercera, la reforma de pensiones magnificaría el gran déficit actuarial en el reparto de pensiones. La empresa aseguró que Colombia esta en el foco de daños de la...
Higher interest rates are good for our cash and checking accounts but are not always good for pension holders. Rising interest rates have an inverse relationship to a pension’s lump-sum value. As interest rates increase, the value of a pension holder’s lump sum could decrease. Because of this, I am seeing more pension holders who want to take a lump sum do so now vs. waiting. I am also seeing annuity rates improve with rising interest rates, pushing annuity income...
Speech By Sarah Breeden, Bank Of England Executive Director, Financial Stability Strategy And Risk, Given At ISDA & AIMA On the afternoon of 28 September, I found myself in a rather unusual position: having to explain to journalists why a part of the pensions industry, unheard of to most of their readers, had posed such a large threat to financial stability that it warranted intervention in the gilt market from the Bank of England. Financial markets globally had been volatile for...
Pensioners in Greece are struggling to make ends meet as galloping inflation and high energy prices take a toll on household budgets. After they lost an average of 25 percent of their income during the Greek debt crisis-related bailouts (2010-2018), the recent jumps in food and heating costs take their anxiety up a notch. During a recent interview granted to Xinhua in a cafe in central Athens, Christos Vassilopoulos, 82, was adding up his monthly bills while sipping his coffee. The...
Italy’s pensions will increase by 7.3% from next year to keep up with rising inflation, Finance Minister Giancarlo Giorgetti said on Wednesday. The boost to retirement payments, which is automatic in contrast to wage hikes, will bring relief to households hit by soaring energy costs in the European Union’s third-biggest economy but may further complicate the European Central Bank’s efforts to rein in consumer prices. Overall, spending on pensions will increase by more than €50 billion ($50.4 billion) through 2025, the...
