July 2022

Puerto Rico. Los pensionados del Gobierno podrán regresar al servicio público sin afectar sus pensiones

El gobernador Pedro Pierluisi Urrutia firmó hoy, martes, una medida que viabilizar el que los pensionados del Gobierno de Puerto Rico puedan regresar al servicio público a tiempo parcial sin afectar sus pensiones. La nueva ley aplicará a toda persona que se haya pensionado por retiro, por edad, años de servicio, por programas de retiro incentivado y de transición voluntaria. “Nuestros pensionados cuentan con la experiencia y el conocimiento necesario para seguir sirviéndole bien a nuestra Isla y pueden ser todavía...

US. Private equity allocation helps public pension plans

U.S. public pension plans had 11% of their assets invested in private equity, and 89% had some amount allocated to the asset class, according to the American Investment Council's 2022 Public Pension Study. Public equity and fixed income, combining for 68%, had the largest share. The median 10-year annualized private equity return among public pension funds that the AIC examined was 15.1%. This return was better than other major asset classes, such as public equities' 11.8%. However, recent performance has slipped....

UK. Cost of living puts pension freedoms gains in jeopardy

Inflation worries and the fear of running out of money are putting the gains from pension freedoms at risk. A report from independent actuaries AKG found that while advisers believe there has been an evolution in how people save for retirement since pension freedoms came into force in 2015, the current crisis is putting progress in this area under strain. Published in partnership with Abrdn and Scottish Widows, the report included a survey of 2,000 consumers and 100 advisers, along with...

SSNIT reveals huge disparity among pensioners: Highest pension is GH¢142,000, while lowest is GH¢300 monthly.

The top ten highest paid pensioners in Ghana receive between GH¢142,567.90 to GH¢42,187.83 every month whilst the lowest on the scheme receive between GH$300 and above, the Social Security and National Insurance Trust (SSNIT) has revealed. The Social Security and National Insurance Trust (SSNIT or the Trust) is a statutory public institution charged under the National Pensions Act, 2008 (Act 766 as amended by Act 883) with the administration of Ghana's Basic National Social Security Scheme. Its mandate is to cater...

US. Biggest Investor Worries Are Inflation and Recession Risk

Top retirement income concerns for investors are inflation and recession anxiety, a new report reveals. The Alliance for Lifetime Income and CANNEX research from the “Protected Retirement Income and Planning Study” found that four out of five U.S. workers age 45 to 75 cited concerns that high inflation will reduce their spending power in retirement (81%) and that a recession will drive the economy downward and may reduce the amount of retirement income they can expect (79%). Retirement income anxiety is...

Afores administran alrededor de 20% del PIB de México

El Sistema de Ahorro para el Retiro (SAR) representa alrededor de 20% del Producto Interno Bruto (PIB) del país, explicó Bernando González Rosas, presidente de la Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore). Es decir, tiene un saldo de 5.1 billones de pesos. «Esto se espera que crecerá de manera importante por la reforma de 2020», afirmó durante su participación en el evento conmemorativo del 25 aniversario del SAR. El Sistema cuenta con más activos administrados en América Latina....

Argentina. Las jubilaciones, pensiones y asignaciones aumentarán 12,39% en septiembre

La Anses anunció que el aumento trimestral para las jubilaciones, pensiones y asignaciones será del 12,39% durante el mes de septiembre. El organismo a cargo de Fernanda Raverta informó que este será el tercer aumento otorgado mediante la Ley de Movilidad N° 27.609 impulsada por el Presidente Alberto Fernández. “El mismo permitirá que, considerando los primeros 9 meses de 2021, la totalidad de las prestaciones estén por encima de la inflación proyectada para el período”, indicó a través de un...

México. No es buena idea cambiar de Afore con alta inflación y tasa de interés – CONSAR

¿Por la situación económica te has planteado retirar dinero de tu Afore, estás cerca a pensionarte o simplemente quieres cambiarte de institución administradora? Si es así, calma, quizá no sea un buen momento para disponer de estos recursos ya que el mercado vive un periodo de inestabilidad y minusvalías. Y es que la guerra entre Ucrania y Rusia que presiona los precios de los energéticos y otras materias primas más la reconfiguración de las cadenas de suministro tras la emergencia...

UK pensions insurance deals to rise more than 25% in 2022-adviser

Britain is likely to see around 35 billion pounds ($41.62 billion) in pensions buy-in and buy-out deals in 2022, up more than 25% from 2021, consultants Hymans Robertson said on Wednesday. Such deals involve offloading the risk of company defined benefit, or final salary, pension schemes to an insurer. Pensions' funding positions have improved following government and central bank stimulus due to the COVID-19 pandemic, making such deals cheaper for some companies, industry specialists say. The deals remove balance sheet risk for...

U.S. Seniors Worried About Inflation in Retirement

Four out of five Americans age 50+ say they are worried about inflation in retirement, according to a new survey from F&G. This feeling is even more acute among pre-retirees (84%) vs. 76% of retirees. The survey also revealed 71% of Americans are worried about a recession and 66% are worried about rising healthcare costs. The survey also found that Americans age 50+ are considering various approaches to mitigate their retirement worries likely due to the current economic climate. Sixty-two percent...