August 2022
09Aug

UK. Property a ‘risky’ investment for retirement pots

High interest rates and low capital growth could reduce retirement property pot savings by as much as 38 per cent, research by wealth manager Netwealth has found. While property investment has been a favoured option for boosting cash in retirement, the research found investment in additional properties or buy-to-let was usually outperformed by pensions. Analysis of different values of property growth, compared with the average pension projected growth over 20 years, showed property investment could significant reducing retirement pot savings by...

August 9, 2022
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09Aug

Dutch pension fund APG completes $600 million MaxCap agreement

Dutch pension fund APG has completed the $600 million mandate with non-bank lender MaxCap Group it agreed to three years ago and given itself the option to double that exposure to $1.2 billion, tapping the growing demand for funding at a time when banks are holding back. The asset manager has exercised the option it took out in 2019 to invest a second tranche of $300 million for first-mortgage loans across all real estate asset classes with MaxCap, which last year sold a...

August 9, 2022
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09Aug

Central Bank of Ireland launches climate change risk guidance for insurance sector

The Central Bank of Ireland has commenced a public consultation on proposals to introduce guidance on climate change risks for the insurance sector. The proposed guidance aims to clarify the Central Bank’s expectations on how (re)insurers address climate change risks in their business and to assist them in developing their governance and risk management frameworks to do this. The Central Bank has said that the increased frequency and severity of weather-related events linked to climate change are already having an impact...

August 9, 2022
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09Aug

Colombia. Pensiones que superen $10 millones se gravarán como otro ingreso

Por Brayan Xavier Becerra Según las cuentas del Ministerio de Hacienda, el impuesto solo aplicaría para menos de 1% de los jubilados, que tienen estos montos Uno de los detalles a los que más se le ha puesto atención en la recién radicada Reforma Tributaria del presidente Gustavo Petro, son las modificaciones a los impuestos que deben pagar los que tengan pensiones superiores a los $10 millones. Según el articulado presentado por el Ministerio de Hacienda, quienes tengan ingresos por pensiones que...

August 9, 2022
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09Aug

Canada. Employment rate at historic high but aging population remains mostly out of work

A new study has found that although the employment rate for Canadians between 15 and 64 years of age (working age) is at a historic high, the overall labor market has yet to fully recover from the pandemic-induced recession due to the continued aging of the country’s population. The study was conducted by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. The study compares labor statistics for the first five months of 2022 relative to the same period in...

August 9, 2022
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08Aug

México. Esos 96 mil pesos en su Afore

Por Jonathan Ruiz Torre Alcanza como para llenar el tanque del carro durante dos años, eso que cada mexicano tiene guardado en su cuenta de Afore ¿Y qué hacen con ese dinero quienes lo cuidan mientras ustedes se retiran? El saldo promedio de las cuentas de retiro es de 96 mil pesos. Revisen el suyo, para saber si están por debajo de esa cifra, o si gozan del privilegio de superar al resto. Ese dato viene de una cuenta muy simple: dividir...

August 8, 2022
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08Aug

Las pérdidas de los fondos AFP en el Perú suman S/ 10.000 millones en el primer semestre del año

El 2022 ha sido un año negativo para la rentabilidad de los fondos en el Sistema Privado de Pensiones (SPP). Y es que las AFP en el Perú acumulan caídas consecutivas en el primer semestre del año, lo que ha generado que se pierda más de S/10.430 millones del dinero de los afiliados entre enero y junio. Según información de la Superintendencia de Banca, Seguros y AFP (SBS), la cartera administrada por las AFP pasó de S/133.310 millones al cierre...

August 8, 2022
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08Aug

UK. How to help the self-employed boost their pension savings

Just prior to the pandemic the self-employed made up about one in seven of the workforce, and while that is likely to have dipped somewhat through the pandemic, this remains much larger than a generation ago, driven by growth in self-employment in the decade after the financial crisis. Despite the growth in the number of people who are self-employed over the years, pension savings for this group have continued to fall. A recent report from the Office for National Statistics paints...

August 8, 2022
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08Aug

South Africa. Proposed new ‘two-pot’ will allow one withdrawal per year from savings

On 31 July, the South African government announced the proposal of a “two-pot” retirement system. The proposed system will allow people to save for non-retirement purposes (e.g. emergencies) via their retirement funds and access one third of their retirement savings when needed. You can withdraw money once a year, as long as there is money in the savings pot. "These amendments aim to encourage members to preserve their retirement savings by making it more flexible to accommodate unforeseen pressures that members face...

August 8, 2022
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08Aug

Australia is a nation of ‘accidental investors’. Is it time for more scrutiny of the superannuation system?

Margaret Thatcher sought to convert Britain from a nation of shopkeepers to one of shareholders. Compulsory superannuation and low rates – until recently – on traditional bank deposits have converted most Australians into accidental investors. Beginning in the 1980s, retirement arrangements changed from defined benefits (an inflation-indexed pension based on your final salary, paid by employers or government in return for regular contributions) to defined contribution schemes (at retirement you receive your and the employer’s payments, plus investment returns). Today, Australian...

August 8, 2022
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