November 2024

South Africa. How CDC may revolutionise the pension industry

A look at how collective defined contribution schemes differ from DB and DC schemes and why SA’s pension industry should note the shift in the UK. The local pension industry seems poised to embrace the collective defined contribution (CDC) model in the future despite their complexities. New administration systems to accommodate these types of structures will have to be designed as well as new regulations to govern them. An employer and member education drive to explain how these...

Pension Funds Market Report 2024

By Research and Markets The pension funds market size has grown strongly in recent years. It will grow from $63.8 trillion in 2023 to $69.41 trillion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed in the historic period was driven by several factors, including increasing aging populations, improving economic conditions and growth rates, fluctuating long-term interest rates, evolving legislative and regulatory frameworks, enhanced performance in stock and bond markets, varying inflation rates, and changes...

October 2024

Gobierno de México lanza la reforma para regular los derechos laborales para los repartidores por aplicación

El gran negocio de la entrega de alimentos y productos a través de aplicaciones móviles comienza a ser regulado en México. El Gobierno de Claudia Sheinbaum ha firmado este miércoles las modificaciones a la Ley Federal del Trabajo para regular las actividades de alrededor de 658.000 repartidores que laboran en plataformas digitales. El secretario de Trabajo y Previsión Social, Marath Baruch Bolaños López, informó que, entre los cambios presentados en un proyecto que será revisado por la Cámara de...

Mercer CFA Institute Global Pension Index 2024

By Mercer, CFA Institute, Monash Business School The Mercer CFA Institute Global Pension Index benchmarks 48 retirement income systems around the world, highlighting challenges and opportunities within each. Vietnam was added to the mix this year. We used updated data from the OECD and other international agencies and added some new questions to the integrity sub-index. The index is made up of three sub-indices, namely adequacy, sustainability and integrity, to measure each retirement income system against more than 50 indicators. This...

Los retos de la nueva presidenta de México en materia económica.

Claudia Sheinbaum Pardo ya es oficialmente la presidenta de México. Su predecesor, Andrés Manuel López Obrador, le deja la doceava economía más grande del mundo y la más grande de habla hispana. Pero los retos todavía son grandes. Además de la esfera macroeconómica, los indicadores de desarrollo social y seguridad pública son otras de las áreas de oportunidad para la nueva administración que, por primera vez en la historia, lidera una mujer. Claudia Sheinbaum Pardo ya es oficialmente la presidenta de...

US. Here’s How Gen Xers Are Catching Up on Retirement Savings

Key Takeaways The oldest Gen Xers are already eligible to withdraw from retirement accounts penalty-free. Gen Xers are often underprepared for retirement but can improve by increasing savings and adjusting their budget. Unlike baby boomers with pensions, Gen X relies heavily on 401(k)s. During their highest earning years, Gen Xers can maximize retirement savings. Roth IRAs and 401(k)s can offer tax advantages for Gen Xers in retirement. Sandwiched between the more populous boomer generation and even more populous Millennials, Gen...

Swiss MP proposes integration of pension model for temp workers in second pillar

Christian Lohr, member of parliament (MP) for The Centre (Die Mitte) party in the National Council, the lower house of the Swiss parliament, has asked the government (Federal Council) to assess the possibility of integrating the pension model designed by the industry for temporary workers into the second pillar pension system, as an alternative to change occupational pensions after the public rejected the proposed reform in a recent vote. The pension fund model in the temporary employment sector enables many...

UK. Industry must work to improve communication on sustainable pensions

There is an “enormous amount of work” to do to improve communication with savers about sustainable pensions, Harmonics founder and CEO, John Dithfield, has argued. Speaking at a Good Money Week event yesterday (September 30), Dithfield discussed the complexities of sustainable pensions and how difficult it can be for savers to fully understand them. “What should savers look for in a pension? I think it is very difficult really,” he said. “The real problem for people is the complexity of understanding what’s...

September 2024

El Congreso argentino debate si revierte el veto de Milei a un aumento de las jubilaciones

La Cámara de Diputados de Argentina debate este miércoles si revierte un veto del presidente Javier Milei de una ley para aumentar las jubilaciones, en medio de extremas medidas de seguridad alrededor del Congreso por una manifestación. La ley, aprobada por mayoría en ambas cámaras, otorga un aumento de 8,1%, en un contexto de 250% de inflación anual y con una jubilación mínima equivalente a unos 230 dólares mensuales. El presidente ultraliberal vetó la norma por ser "manifiestamente violatoria del marco...

Argentine Congress Debates Milei Veto Of Pensions Increase

Argentina's Congress debates on Wednesday whether to overturn President Javier Milei's veto of a bill to increase pensions, amid heavy security due to a planned mass opposition protest. Milei, a budget-slashing libertarian, last week blocked an 8.1-percent pensions increase approved by both houses of Congress, which aimed to help cushion retirees in the South American country hit by annual inflation of 250 percent. The president claimed the measure was "manifestly in violation of the current legal framework as it does not...