La crisis de la inflación ha tenido un impacto directo en el ahorro para el retiro de los trabajadores: en 182 días la pérdida de valor de estos recursos administrados en las Afore es de más de 4%, y a la par se han presentado minusvalías históricas por más de 360 mil millones de pesos. Con cifras al cierre de junio pasado de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), los recursos administrados por las Afore...
Tras los chilenos, con el 87,3% del total, siguen venezolanos, peruanos y haitianos. Entre los afiliados inmigrantes que se incorporaron a las AFP entre marzo de 2021 e igual mes de este año los peruanos desplazaron a los haitianos. Ya son 1,2 millones los afiliados a AFP de nacionalidades distintas a la chilena. En doce meses, las mujeres lideran los ingresos al sistema. Un total de 11.484.198 afiliados se registraba a marzo de este año en las AFP. De ellos, el...
La Dirección General de Jubilaciones y Pensiones (DGJP), necesita una inyección de recursos económicos adicionales para afrontar las crecientes demandas de pensiones de amplios sectores de la población. Así lo afirmó Juan Rosa, director de la entidad, al recibir una comisión de periodistas encabezada por Olivo De León, presidente del Instituto de Previsión y Protección del Periodista (IPPP), y Aurelio Henríquez, presidente del Colegio Dominicano de Periodistas (CDP), quienes acompañaron a los nuevos pensionados a acreditarse para cobrar sus pensiones. El...
Money managers are largely in agreement that inflation, volatility and further market drops are all likely to be in the cards for investors the rest of the year. But that doesn't mean there are not investment opportunities to be found. Equity markets could take a further hit, giving investors the opportunity to find some bargains, but bond strategies could be due for a reversal. Christopher C. Newman, head of Americas division for T. Rowe Price Group, said in an interview that...
The rising fortunes of investors in the nation’s stock market, as reflected in the 22.4 per cent year-to-date growth in total value of equities on the Nigerian Exchange Limited, NGX, has triggered a 7.4 per cent increase in the value of pension funds investment in equities to N1.1 trillion. This is in sharp contrast to 0.4 per cent growth in pension funds investment in federal government bonds recorded during the same period, which is the preferred and less risky investment...
Two “advisers” who convinced hundreds of pension holders to transfer their pots into self-invested personal pensions, and then unknowingly put them into risky investments as part of a £20mn fraud, have been jailed. Mark Kelly and Rikki Nicholls were each sentenced to six years’ imprisonment for conspiracy to defraud and money laundering at Southwark Crown Court on July 15. According to the Crown Prosecution Service, both men devised a plan to persuade pension holders, predominantly Equitable Life customers, to transfer their...
By David Amaglobeli, Era Dabla-Norris & Vitor Gaspar Unless you live in France, you might not think recent mass strikes over the proposed pension reforms in that country have anything to do with you. But given how fast demographics are changing around the world, that would be a mistake. If you live in Europe and your parents are getting ready to retire at the age of 65 (the statutory retirement age in many countries), you should know that today there are,...
By IMF The International Monetary Fund (IMF) is increasingly involved in offering policy advice on public pension issues to member countries. Public pension spending is important from both fiscal and welfare perspectives. Pension policy and its reforms can have significant fiscal and distribution implications, can influence labor supply and labor demand decisions, and may impact consumption and savings behavior. This technical note provides guidance on assessing public pension systems’ macrocriticality, i.e., sustainability, adequacy, and efficiency; it also discusses the issues...
By Kristen Broady, Darlene Booth-Bell & Taylor Griffin Using data from the 2019 Survey of Consumer Finances and the U.S. Census Bureau, along with data and research from other sources, this paper presents seven economic facts about the racial wealth gap in the U.S. We present data on racial disparities in income, employment, homeownership, education, access to credit, and retirement savings – all factors that contribute to a significant and persistent gap in net worth between households of different races...
By Kibs Boaz Muhanguzi World over, many programs have been put in place to ensure reasonable welfare and relevance of the elderly senior citizens in the community. Out of these diverse programs, pensions and social security fund, and Social Assistance Grants for the Elderly (SAGE) are common. Of recent, the introduction of time banks; a non-financial, barter system of exchange, with the aim of ensuring access to the unmet social needs of the elderly people in the community has emerged....
