June 2022
27Jun

México. Afores sufrirán minusvalías por ajustes en la política monetaria del Banxico

Las siefores diversifican sus inversiones en diferentes activos y el principal es la inversión en valores gubernamentales. Al cierre de mayo, representan 50.36%, según la Consar. Las administradoras de fondos para el retiro (afores) han tenido un escenario por 244,023 millones de pesos y todo parece indicar que seguirán presentándose en este año, en un contexto en el que prevalecen los aumentos en la tasa de interés del Banco de México (Banxico). “Seguiremos observando minusvalías en las administradoras de fondos para...

June 27, 2022
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27Jun

Argentina. FMI reitera la necesidad de reformas en jubilaciones y energía

El Gobierno deberá llevar adelante una política fiscal mucho más austera en el segundo semestre del año con relación al primero, según resulta del informe técnico elaborado del Fondo Monetario Internacional por el cual se aprobaron las metas del primer trimestre. El FMI pide que el gasto público pase de crecer 12,8% real (descontada inflación) a caer 7,8% en el segundo semestre de este año. Leer también Chile. Las cinco razones de las AFP para explicar las bajas pensiones y...

June 27, 2022
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27Jun

China: Securities regulator proposes rules for inclusion of mutual funds in private pension scheme

The China Securities Regulatory Commission (CSRC) has said that mutual funds with at least CNY50m ($7.48m) of assets over the past four quarters are eligible to participate in the country's pilot private pension scheme. The securities regulator has proposed rules to regulate mutual funds, setting the criteria for qualified products and sales agents under a private pension scheme that will channel fresh savings into the country's capital markets, reported Reuters. The draft rules, published on 24 June, follow the launch by...

June 27, 2022
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27Jun

UK. Four in five DB transfer requests raise scam warning

Four in five (83 per cent) defined benefit transfer requests have raised one or more warning flags, according to XPS Pensions Group. The firm’s scam flag index recorded May to have the highest number of scam warnings in the tracker’s history, up from a near record high in March. This is an increase of roughly 30 per cent since the beginning of 2022. XPS Pensions Group client lead, member engagement hub, Helen Cavanagh, said: “We continue to see the rate of potential...

June 27, 2022
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27Jun

Could ESG improve scheme engagement?

Industry Voice: A major survey carried out by Aegon shows pension savers care deeply about climate change and the environment Aegon's recent survey of around 10,000 UK residents shows that most pension investors care deeply about the environment and their world's future. It also suggests that the more someone's investments are helping the climate emergency, the more likely they are to be happy about their investments and be better engaged with their pension arrangements. But too many customers remain unaware...

June 27, 2022
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27Jun

Vietnam: Most citizens grow old without retirement funding plans

Many Vietnamese citizens likely to grow old without any savings or retirement plan due to low income and lack of access to elderly care. Ms Luong Thi My Hanh, head of domestic asset management at investment fund Dragon Capital Vietnam, said most Vietnamese workers do not have a retirement plan and are focused merely on meeting daily needs, according to a report in VnExpress. Most of them save for short-term goals and usually spend all the money they have, she added. Over...

June 27, 2022
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27Jun

UK. Retirement guidance improving but decumulation challenges remain

Support available to those approaching retirement is improving, particularly in master trusts, but a comprehensive framework is still required to ensure all savers get the help they need, according to new research. The Pensions and Lifetime Savings Association created such a framework — known as guided retirement income choices — in 2019, which would require schemes and providers both to guide members through retirement, while also ensuring they have access to a full range of retirement solutions. Its new report, published...

June 27, 2022
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24Jun

The Aging Readiness & Competitiveness Report 2021. Enabling Innovation for Healthcare and Wellness

By AARP As the world enters the UN’s Decade of Healthy Ageing, amid global covid-19 vaccination efforts, the need to increase support for the wellbeing of older adults has never been so clear. Older people comprise a growing share of the global population. This trend will persist over the coming decades, and not just in high-income countries. By 2050 an estimated 80% of older adults will be living in low- and middle-income countries. Yet disparities for older adults are ubiquitous,...

June 24, 2022
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24Jun

Greening Pensions: A Behavioural Perspective

By Alice Farrell, Kristina Londakova, Izzy Brennan, Jake Reynolds & Toby Park Through their pensions, the vast majority of people in the UK are investors, with pension pots collectively amounting to over £2.6 trillion.1 Investing a greater portion of this money sustainably - i.e. in businesses who have positive or neutral impacts on the environment and green technologies – could significantly accelerate our transition to a low-carbon society. While 68% of people say they would like their investments to be responsible...

June 24, 2022
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24Jun

Financial Literacy, Gender and Investment Choices

By Xin Wen, Zhiming Cheng & Massimiliano Tani Over the past thirty years Chinese households have enjoyed substantive increases in income and savings and witnessed a rapidly developing financial market offering investment choices and risks away from bank deposits – the traditional form of financial investment. We explore whether this evolving landscape has been advantageous to every investor or mainly those with better financial literacy, by focusing on the portfolio decisions of the household head, by gender. Using data from...

June 24, 2022
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