November 2022

Informalidad en Colombia entre los años 2007 a 2020

Por Salazar Farfán, Cristian Camilo, Téllez Niño & Brayan Esteban En el presente documento se realiza una revisión de las posibles causas de la informalidad desde dos enfoques, los cuales son los costos de contratación en seguridad social y el nivel educativo de la población informal que forman parte de la población de ocupados en Colombia durante el periodo de 2007 a 2020, de tal manera que los trabajadores informales se definen como el grupo de personas que forman parte...

Afores de México mantendrán comisión de 0.57 por ciento en 2023: Amafore

A lo largo de los años, las comisiones de las Afore han venido a la baja en beneficio de los fondos de retiro de los trabajadores, indica la Amafore. - El próximo año, las Afores - instituciones financieras que administran las cuentas del ahorro para el retiro - mantendrán la comisión que Derivado de la reforma en pensiones de 2020, en enero de este 2022 entró en vigor el tope a las comisiones de las Administradoras de Fondo para el...

FCA extends pensions dashboard deadline by two months

FCA regulated pension providers have been given an extra two months to comply with the regulator's pensions dashboard rules. In the final rules for the regulations published today (November 1), the Financial Conduct Authority said providers will now have until August 31 for implementation, to align with the government’s extension to a deadline on occupational pension schemes. The FCA has also extended the connection deadline for providers with fewer than 5,000 pots in accumulation and who rely on a third-party integrated...

Taiwan to have world’s lowest birthrate by 2035

Taiwan is expected to replace South Korea as the country with the lowest birthrate by 2035, population projections by the National Development Council showed. The nation’s birthrate is expected to be the lowest in the world with 1.12 births per woman in 2035, when South Korea’s birthrate is expected to be 1.18, data released by the council showed. Taiwan previously had the lowest birthrate in the world when the number fell to 0.9 births per woman in 2015, but the figure...

U.S. Allianz Life Launches Income Annuity for Use in DC Plans

Allianz finds growing numbers of U.S. workers want guaranteed income options in their employer-sponsored retirement plan. Allianz Life Insurance North America launched the Lifetime Income+ Annuity, an in-plan guaranteed lifetime income option for defined contribution plans. The Allianz Life fixed index annuity is now available to any plan sponsor connected to the iJoin/IPX Retirement network of recordkeepers, a spokesperson said in an email. “We designed this product to be personalized, flexible, and portable for users,” said...

US. Some workers halt 401(k) plan contributions to cope with inflation

More than half of American workers have cut or stopped contributing to their retirement savings plans to cope with soaring prices and 40-year-high inflation rates. The findings come from a third-quarter market perceptions study by Allianz Life Insurance of North America. The September survey of 1,004 workers found that 54% halted or reduced their 401k and other retirement savings between July and September. Perhaps more alarming, 43% admitted dipping into retirement nest eggs to cope with the higher cost of gas, utilities,...

UK. Pension dashboards near live testing stage

The Pensions Dashboards Programme has moved into the testing of digital architecture phase, with more than 20 organisations taking part as early participants, programme principal Chris Curry has said. The next stage of the process will see early participants, including pension providers, schemes and integrated service providers, connecting to the “dashboards ecosystem”. In an update report on the programme, Curry said the central digital architecture has been completed and testing is now underway alongside the development of operational and technical standards. “Over...

México. Sistema de Ahorro para el Retiro, con retornos del 11%

Pese a las crisis económicas y los ajustes en los mercados, el Sistema de Ahorro para el Retiro (SAR) ha generado retornos cercanos al 11% en los últimos 25 años, señaló Sergio Méndez, CEO de BlackRock en México, empresa de gestión de inversiones. Dicho porcentaje aunado a un esquema regulado y transparente en el que el trabajador puede acceder al saldo de inversión y de retiro de manera fácil y ágil, “habla de un éxito” del sistema, agregó. Aunado a lo...

No haircuts for pension funds or anybody, says Ghana’s president

Ghanaian President Nana Akufo-Addo ruled out losses for bond investors as a result of negotiations with the IMF for a $3bn bailout. Talks with the IMF are “going well”, Akufo-Addo said in a speech broadcast on Sunday in the capital, Accra. The president criticised speculation in the West African nation predicting a so-called haircut for investors, which he said has triggered renewed selling of the cedi. “No individual or institutional investor, including pension funds, in government Treasury bills or instruments will...

Chile. No+AFP rechazó alcances de la Reforma Previsional: “Fortalece la capitalización individual”

En una declaración dirigida al mundo sindical, la Agrupación No + AFP cuestionó los detalles contenidos en la propuesta de reforma previsional impulsada por el Gobierno, tras una reunión con el equipo técnico de la Subsecretaría de Previsión Social, encabezada por Christian Larraín, y en la que también participaron el ex superintendente de Pensiones, Álvaro Galleguillos; CENDA y la Fundación Sol. Tras conocer los detalles de la iniciativa, que espera ser ingresada la próxima semana, valoraron el fortalecimiento del Instituto...