September 2022

Ocde advierte sobre la baja productividad de Chile y la informalidad laboral, pero respalda la reforma tributaria

En su informe sobre el país, sostiene que el aumentar los ingresos públicos en 4 puntos del PIB, como "es ambicioso, pero es factible a través de una reforma tributaria integral”. La Organización para la Cooperación y el Desarrollo Económicos (Ocde) publicó su Estudio Económico de Chile 2022 donde analiza la recuperación económica de Chile tras la pandemia del COVID-19 y cómo las reformas podrían aumentar los ingresos fiscales, ampliar la protección social y mejorar la productividad. En su análisis sostiene...

UK. Inflation presents ‘considerable risk’ to DC pension pots

Skyrocketing inflation figures pose unique challenges for defined contribution pension schemes as memberships surge to record highs, according to the Pensions Policy Institute’s DC Future Book. Though the state pension triple lock provides “partial protection” for those in retirement against inflation, the PPI warned that the cost of living crisis could be compounded if returns on investment do not match inflation, which would lead to erosion in the value of DC pots. Active DC membership now stands at 13.8mn people, 10.7mn...

US. How To Help Protect Your Savings From Inflation When You’re Planning For Retirement

With some careful planning, you can mitigate the impact of inflation on your retirement savings. As inflation rises, many preretirees are wondering how they can ensure that their retirement savings will cover their cost of living in the future. For investors who are planning for retirement, the good news is they still have time to make any necessary adjustments. They may even find the plan they have in place is already sufficient to mitigate the impact of inflation. How inflation affects...

Ghana. NPRA to collaborate with Goasomanhene to promote ‘one trader one SSNIT number’ campaign

The Sunyani zonal office of the National Pensions Regulatory Authority (NPRA) has indicated its readiness to collaborate with Nana Kwasi Bosomprah, Paramount Chief of the Goaso Traditional Area on his 'one trader, one SSNIT number' campaign. The idea of the Paramount Chief is to encourage every trader have a Social Security and National Insurance Trust (SSNIT) number and contributed to the scheme. The collaboration became a reality when Mr David Tetteh-Amey Abbey, the Deputy Chief Executive Officer of the NPRA...

México. Trámites inconclusos, principal reclamo contra las afores

Las entidades federativas donde se presentó un número mayor de reclamaciones fueron: la Ciudad de México con 14% y el Estado de México con 13 por ciento. Las administradoras de fondos para el retiro (afores) recibieron 4,408 reclamaciones de enero a julio del 2022, además, durante agosto el número de quejas presentadas ante la Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros (Condusef) aumentó a 5,222, según información proporcionada a El Economista. De acuerdo con un...

Sindicatos Ecuador exigen pago de deuda a la seguridad social

Trabajadores de los principales sindicatos de Ecuador salieron este miércoles a las calles de Quito para exigir al Gobierno el pago de la deuda pendiente con el sistema estatal de seguridad social, amenazando con escalar las protestas si no hay acuerdo. La situación del Instituto Ecuatoriano de Seguridad Social (IESS) ha enturbiado la provisión de servicios de salud a los afiliados y está poniendo en riesgo el sistema de pensiones de jubilación, dijeron los trabajadores. El presidente Guillermo Lasso reconoció una...

UK Pension Schemes Under Pressure for Climate Impact Reporting

The mid-sized and smaller pension schemes in the UK are under tighter rules as new reporting regulations are requiring more detailed information. The UK has been one of the fastest countries to adopt the Taskforce on Climate-related Financial Disclosure (TCFD) reporting requirements into law. This covers corporates, regulated financial institutions, and pension schemes. Large pension schemes in the country have to report climate risks in line with TCFD guidance since last October. This is also part of the Occupational Pension Schemes...

Women at the heart of Swiss pension reform vote

Switzerland votes Sunday on a divisive pension reform plan the government says is vital to safeguard benefits, including a controversial push to raise the retirement age for women. After two previous attempts in 2004 and 2017, Bern is hoping it can finally garner enough votes for its bid to "stabilise" Switzerland's old age security system, at risk of being submerged by the giant baby boomer generation reaching retirement age as life expectancy rises. One tool for raising more income for the...

US. Fed hikes interest rates 75 basis points; now targets year-end funds rate of 4.4%

The Federal Reserve on Friday agreed to a request from Treasury Secretary Steven Mnuchin to return unused funds from emergency lending programs. The Federal Reserve hiked interest rates by 75 basis points for the third consecutive meeting on Wednesday, boosting the target range for the federal funds rate to a range of 3% to 3.25%, in a continuing bid to tamp down inflation. The Federal Open Market Committee, which concluded its two-day meeting on Wednesday, had previously increased rates by 75...

Pan-European Pension Product is now available in the first EU country

The European pension is now available to clients in Slovakia. It has a strict fee cap, is portable, and is bound by European legislation. Slovak fintech broker Finax is the first European company that became licensed to offer it. All residents of the European Union can open a pan-European Personal Pension Product (PEPP). It is not tied to employment or the place of work. Its goal is to provide the saver with an old-age income supplementing the state pension. Savers...