September 2022
21Sep

Ghana. Public Services Pensioners Association inaugurated

The Civil and Local Government Staff Association, Ghana (CLOGSAG), Tuesday inaugurated the Public Services Pensioners Association (PSPA) to support staff on retirement within the Public Services Organisations. The Association would also unite all retirees of CLOGSAG, seek the welfare of members, provide solidarity, promote togetherness, identify problems retirees go through, advocate for the rights of members and lobby the Government to improve the pension system in the country. Mr Bright Wireko Brobbey, a Deputy Minister, Ministry of Employment and Labour Relations (MELR),...

September 21, 2022
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21Sep

Here’s what an aging workforce means for employers in the U.S.

Covid-19 hit our world like a wrecking ball in 2020. Almost overnight, our businesses and schools closed, our communities went into lockdown, and our economies stalled. But even as we grapple with the fallout of the pandemic, new threats are looming, many of them global in scope. The World Bank warns that stagflation will see growth slump from almost 6% to just 2.9% this year. The war between Russia and Ukraine is undermining the delivery of grain, prompting fears of...

September 21, 2022
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21Sep

UK. Gig economy workers and pension rights

With many employers avoiding their obligations, it’s time the government stepped in, argue Stephen Morrall and Annabelle Woosnam Last year the case Uber BV v Aslam made headlines across the media when the Supreme Court ruled that thousands of Uber drivers are ‘workers’, as defined by legislation, and not independent contractors. Accordingly, they are legally entitled to basic employment rights. However, according to a recent Financial Times article, the Pensions Regulator chief executive has conceded that, despite his calls for...

September 21, 2022
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21Sep

UK. Govt appoints new pensions minister

Alex Burghart has been appointed as the new parliamentary under secretary of state in the Department of Work and Pensions in Liz Truss’ latest cabinet reshuffle. Burghart has been elected twice as MP for Brentwood and Ongar. He was previously parliamentary under-secretary for the Department for Education between September 2021 and July 2022. The Department for Work and Pensions confirmed the appointment, but did not comment on it. In a statement released yesterday (September 20), Truss sacked the UK’s longest serving pensions...

September 21, 2022
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20Sep

Fondos privados de pensiones en Colombia reportan ganancias por $2 billones para sus afiliados

Asofondos, gremio que reúne a los fondos de pensiones y cesantías en Colombia, dio a conocer que, en julio de 2022, se retornó a cifras en verde, con ganancias de $2 billones para el ahorro de más de 18,4 millones de afiliados. Vale tener en cuenta que, a junio de 2022, los fondos de pensiones y cesantías venían reportando una pérdida de $28,85 billones, según datos de la Superintendencia Financiera. Leer Más @Valoraanalitik 662 views

September 20, 2022
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20Sep

Perú. SBS modificó reglamento operativo para libre desafiliación de AFP y pasar a la ONP

Para acreditar el ingreso al Sistema Público de Pensiones, el afiliado debe presentar, entre otros requisitos, las resoluciones administrativas de contrato de trabajo, reemplazo, suplencia u otros de naturaleza similar, indica la resolución de la SBS. La Superintendencia de Banca, Seguros y AFP (SBS) dispuso la modificación del reglamento operativo para la libre desafiliación informada del Sistema Privado de Pensiones de aquellos aportantes que tienen derecho a pensión en el Sistema Público de Pensiones. Mediante la Resolución SBS N° 02843-2022, que...

September 20, 2022
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20Sep

Pensions, with inflation soaring, 2022 will be the worst year to retire

What impact will inflation have on pensions? An answer comes from the tenth edition of Natixis IM’s Global Retirement (GRI) Index 2022. Analysis suggests that 2022 may be the hardest year to retire in recent history. This is due to a market environment that affects retirement savings. In practice, the high inflation rate will erode part of the capital set aside but the volatility on the markets as well as the low interest rates also weigh. These are the...

September 20, 2022
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20Sep

Argentina. Reconversión laboral: la crisis de los sistemas de pensión podría extender la edad jubilatoria

“El Fondo de Sustentabilidad de los jubilados tenía 24 meses de pago hace una década, hoy estamos con menos de 4 porque se invirtió en bonos estatales defaulteados”, aseguró Andrea Falcone, abogada previsional. El crecimiento de la población mundial se está desacelerando y, según la ONU, se estima que en apenas 15 años habrá más adultos mayores de 60 años que menores de 10. En consecuencia, las empresas junto a los gobiernos comenzaron a trabajar en la reconversión laboral de...

September 20, 2022
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20Sep

African Women Impact Fund launches with USD$60 million commitment to drive an inclusive investment environment

The Economic Commission for Africa (ECA) and Standard Bank Group, with the support of the Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and Copartes Pension Fund and the African Union Commission (AUC), have announced the African Women Impact Fund (AWIF) Initiative's achievement of its first commitment of USD$60 million. The announcement was made at the inaugural The Global Africa Business Initiative, held from 18 – 19 September during the week of the United...

September 20, 2022
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20Sep

The U.S. retirement system gets a ‘C+’ grade, experts say — even though it’s worth $39 trillion. Here’s why

The U.S. retirement system may seem flush — yet it ranks poorly in relation to those in other developed nations. Collectively, Americans had more than $39 trillion in wealth earmarked for old age at the end of 2021, according to the Investment Company Institute. However, the U.S. places well outside the top 10 on various global retirement rankings from industry players, such as the Mercer CFA Institute Global Pension Index and Natixis Investment Managers 2021 Global Retirement Index. According to Mercer’s index,...

September 20, 2022
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