October 2022
06Oct

Pension funds in sub-Saharan Africa

By Owen Nyang`oro & Githinji Njenga The population structure the world over is going through a demographic shift, and the elderly proportion is projected to increase with population growth. This change is a matter of concern for sub-Saharan African (SSA) countries, where the majority of the people are young and the rates of both population growth and unemployment are high. A good pension system provides elderly assistance and is a source of savings for long-term investment. The pension systems in...

October 6, 2022
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06Oct

México. Consar buscaría alertas para informar si los trabajadores tienen derecho a renta vitalicia

La Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) busca establecer una alerta de saldo para que los trabajadores verifiquen si el recurso en su administradora de fondos para el retiro (afore) se acerca a un monto que les permita contratar una renta vitalicia. “La Comisión calculará y publicará los Saldos de Alerta Temprana en su página de Internet, cada vez que se requiera actualizar dicha información, derivado de los cambios y fluctuaciones en las condiciones de los...

October 6, 2022
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06Oct

Argentina. Inflación del 106%: la jubilación mínima cubre apenas un tercio de su canasta básica

De acuerdo con un relevamiento de la Defensoría de la Tercera Edad de la Ciudad de Buenos Aires, la canasta básica de los mayores cuesta $151.578 En octubre, la jubilación mínima alcanzó para cubrir apenas un tercio de la Canasta Básica de los Jubilados. Entre gastos de vivienda, medicamentos y alimentos, este mes los adultos mayores necesitaron $151.478 para poder hacer frente a sus necesidades mínimas. Es el doble de lo que costaba un año atrás. Read also Chile. Ahorro de...

October 6, 2022
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06Oct

Chile. Diputados piden a Boric bono estatal que compense a futuros jubilados por pérdidas de las AFP

Es violento conocer que los accionistas de las AFP continúan retirando millonarias utilidades, mientras los usuarios pierden dinero en todos sus fondos. Por eso pedimos urgencia a nuestro proyecto para prohibir los retiros de dividendos cuando las rentabilidades son negativas", dijo el diputado Carlos Bianchi. Durante la jornada de este miércoles el diputado independiente, Carlos Bianchi, con el respaldo de pares de la bancada PPD-Independientes, propuso un Proyecto de Resolución que pide al presidente Gabriel Boric considerar un bono compensatorio...

October 6, 2022
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06Oct

UK. LDI Fallout Will Spur Pension Funds to Seek Life Sector Arrangements

The sudden need for pension funds to put up large amounts of extra collateral due to tumbling gilt prices will lead more UK defined-benefit pension funds to favour pension risk transfer deals with life insurers over liability-driven investment (LDI) arrangements with asset managers, Fitch Ratings says. The rapid drop in gilt prices following the UK’s ‘mini-Budget’ on 23 September led to a sharp increase in collateral requirements from many LDI funds as derivative contracts protecting against lower interest rates moved...

October 6, 2022
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06Oct

Panamá. Falta de reforma de pensiones aumenta los riesgos fiscales

Las elecciones presidenciales de mayo de 2024, y el reciente malestar social debilitan el apetito político por la reforma de los ajustes paramétricos. La calificadora de riesgo Fitch Ratings advierte los riesgos fiscales que tiene para el Estado la falta de una reforma de pensiones de la Caja de Seguros Social (CSS), y sostiene que un mayor endeudamiento del gobierno central para respaldar el sistema de pensiones de beneficios definidos representará un riesgo a la baja para la trayectoria de...

October 6, 2022
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06Oct

Hong Kong Pensions See Record Plunge of 22% – SCMP

The territory’s Mandatory Provision Fund lost $32.98 billion, equating to $7,197.63 per person, the South China Morning Post reported Hong Kong’s pension fund lost 21.5% on average in the first nine months of the year, its worst performance in 22 years, The South China Morning Post reported. The country’s Mandatory Provision Fund (MPF) lost $32.98 billion, equating to $7,197.63 per person, said the report. Analysts attributed the loss to the plunge in stock markets in Hong Kong and on mainland China,...

October 6, 2022
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06Oct

Ghana. Cocoa Farmers Pension Scheme set to take off this month

The much-awaited rollout of the Cocoa Farmers Pension Scheme is set to commence this month, the Board Chairman of COCOBOD, Mr Peter Mac Manu has announced. According to him, the trustees and implementers of the scheme would be rolling out from district to district to register cocoa farmers onto the scheme to enjoy the pension scheme’s benefit. Mr Mac Menu was speaking at this year’s cocoa day grand durbar which also coincided with the COCOBOD 75th anniversary on the theme “COCOBOD...

October 6, 2022
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06Oct

UK. Green pensions increasingly important to workers

Workers are favouring companies that offer green pension plans, according to research from Scottish Widows. Almost a quarter (25%) of employees named green pensions as one of the top benefits they would expect from a new employer. Nearly three quarters (72%) of employees said it was important for their company to invest their savings sustainably, demonstrating a commitment to taking environmental and social issues seriously. Despite the demand from workers, the report showed 34% of employers don't currently offer a sustainable pension...

October 6, 2022
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06Oct

US. Retirement Planning: There’s A Wide Gap Between Expectations And Reality

There’s a significant perception/reality gap among most pre-retirees and retirees today. That’s one of the key takeaways from a new study published by the Stanford Center on Longevity (SCL), titled Disconnected: Reality vs. Perception in Retirement Planning. The study shows that most of today’s pre-retirees and retirees lack sufficient savings to fully retire at age 65 and that generally, they’re not financially prepared for retirement. Yet they hold unrealistic financial expectations for their retirement years, and they’re not taking steps...

October 6, 2022
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