August 2022

España. La pensión de jubilación sube el 5,5% en julio, mientras el IPC se dispara ya el 10% a mitad de año

En plena escalada inflacionista, que ha llevado los precios de consumo (IPC) a dispararse un 10,2% interanual en junio, la pensión media de jubilación del sistema de Seguridad Social se sitúa en julio en los 1.254,95 euros mensuales, lo que representa un 5,48% más que hace un año. Esto significa que el incremento de la cuantía promedio que perciben los jubidados contributivos en España es prácticamente la mitad de lo que aumentan los precios de la cesta de la...

South Africa’s Treasury Drafts Plan to Lift Retirement Savings

South Africa’s National Treasury has published draft reforms aimed at encouraging citizens to have easily accessible savings, while also ringfencing funds meant for retirement. The so-called two-pot system will allow individuals to contribute one-third of savings into an account that can be accessible at any time, while two-thirds must only become available at retirement. Read also South Africa. Two-pot system will not make any pension savings immediately available “The two-pot system option will present a better balance between ensuring preservation of retirement...

U.S. 6-month period brings financial storm for many

Defined contribution money managers, like their plan sponsor clients and the millions of U.S. workers who save for retirement with them, are navigating a much different world in mid-2022 than they did at the end of 2021. "Certainly, these six months have been very different than last year and the year before, which is really quite a statement when you think that in the last two years we were in the middle of a pandemic," said Anne F. Ackerley, New...

The Fiscal Oversight Board is optimistic about the new operational budget of Puerto Rico

Although the operational budget approved by the Fiscal Oversight Board (JSF) is less than that endorsed at the last minute by the Legislature, The funds allocated for the fiscal year that is just beginning will not leave the municipalities in a precarious situation, they place emphasis on key agency projects, such as the Education deparmentand allow to resume permanent workit transpired yesterday in a brief public meeting of the organism. In the conclave, the officials of the Board, who now...

July 2022

México. Exhibe AMLO pensiones de exmandatarios

El presidente de México, Andrés Manuel López Obrador, aseguró este jueves que la pensión que Felipe Calderón Hinojosa recibía como exmandatario federal era una de las más altas del mundo en comparación con las que recibían otros exmandatarios de diversos países del mismo periodo. Durante la conferencia de prensa matutina, el Ejecutivo federal presentó un informe sobre la cantidad de dinero que el gobierno federal pagaba a los expresidentes de México como pensión. Incluyó a Vicente Fox, Ernesto Zedillo, Carlos...

Perú. Pedro Castillo: En 6 meses se presentará la propuesta de la reforma de pensiones

El presidente de la República Pedro Castillo señaló esta mañana que en 6 meses se emitirá un diagnóstico con las propuestas normativas para implementar la reforma de pensiones. “Mediante decreto supremo hemos creado la comisión que en 6 meses emitirá un diagnóstico y las propuestas normativas para realizar las modificaciones necesarias a los regímenes previsionales público y privado con el objetivo de mejorar la situación de nuestros adultos mayores”, precisó Castillo durante su segundo Mensaje a la Nación por 28...

U.S. pension promises will go unmet without sweeping reform

This year, anybody receiving an annual statement from America’s mighty social security system might notice a tiny ticking time bomb — if they possess sharp eyes. Tucked into a footnote is a website link that explains that the two funds in this system — called “Disability Insurance” and “Old Age and Survivors Insurance” — have $2.9tn to plug the shortfall between expected payouts and what is gathered each year from payroll taxes. Those trillions sound soothingly big. But they are...

Colombia. El ahorro de pensiones a junio llegó a $335,1 billones: Asofondos

El saldo total a corte de junio en lo que tiene que ver con fondos de pensiones obligatorias llegó a la suma de $335,1 billones. Así lo informó Asofondos, el gremio que agrupa los fondos privados de pensiones en Colombia, en el que pese al panorama de volatilidad, el saldo se incrementó 1 % en relación con el mismo periodo de 2021. La agremiación indicó que el ahorro pensional colombiano también ha mostrado en los últimos meses desvalorizaciones propias de una...

UK. 16 million workers at risk of not saving adequately for retirement

Around 85 per cent of workers, equal to 16 million people, are not saving at levels likely to deliver an acceptable standard of living in retirement, new research has found, prompting calls for the development of a 'Living Pension Standard'. A report from the Living Wage Foundation and the Resolution Foundation raised concerns over the current levels of saving, explaining that while auto enrolment (AE) improved rates of saving, meeting the Living Pension benchmark requires more than the AE minimum. The...

Impact Investing: Measuring Social and Financial Returns

Although the field of impact investing has experienced astounding growth over the past decade, there remain concerns about its ability to generate both outsized financial and social returns. Can investors achieve their desired social or environmental impact without sacrificing their financial goals? What are the differences between ESG, sustainable investing, and impact investing? How do investors evaluate impact? To better understand what an effective impact investing strategy might look like, SSIR publisher Michael Gordon Voss speaks with Juliette Menga,...