June 2022
22Jun

¿Cómo gastarán los peruanos los fondos que van a retirar de sus AFP?

Desde el pasado lunes 13 de junio, los afiliados a las administradoras de fondos de pensiones (AFP) han iniciado el trámite para solicitar el retiro de hasta S/ 18,400 (4 UIT) de sus aportes previsionales. Leer también El Sistema Nacional de Pensiones y la política de endeudamiento en el Perú: financiamiento de las reformas paramétricas en crisis pandémica Desde que inició la pandemia en marzo del 2020, el gobierno ha aprobado en seis oportunidades la posibilidad de que los afiliados puedan acceder a...

June 22, 2022
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22Jun

US. Rising interest rates make it trickier to choose between a lump sum or an annuity

About 15% of private-sector workers have access to a traditional pension, which they often are able to take as a lump sum instead of an annuity. For anyone edging close to a retirement date, be aware that the higher the interest rate used to calculate a lump sum, the smaller the amount. On the other hand, pension annuities typically do not come with cost-of-living adjustments, making them susceptible to inflation risk. Here’s what to know. When you’re nearing retirement and are due a...

June 22, 2022
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22Jun

UK. High inflation presents ‘tough time’ for schemes looking to invest

High inflation expectations have “surprisingly” led to UK defined benefit (DB) schemes seeing their long-term liabilities fall by around 0.2 per cent over the past 12 months, although the backdrop of rising prices and tightening real wages have resulted in a “tough time” for schemes looking to invest, according to XPS Pensions Group. The latest CPI inflation data, published this morning (22 June), showed that inflation has increased to 9.1 per cent, continuing the trend of rising inflation seen over...

June 22, 2022
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22Jun

South Korea saw biggest natural population decline for the month of April

The number of deaths in South Korea recorded in April rose to an all-time high for that month. According to Statistics Korea, in April, there were almost 37-thousand deaths, which was a whopping 46.3 percent increase from a year earlier. As for the number of births, it was the 77th month in a row almost six-and-a-half years straight that the number of babies born has declined. Births came in at a little over 21-thousand, which was down 7 percent from a year...

June 22, 2022
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22Jun

US. Younger Boomers May Outlive Their 401(k) Savings

Baby boomers are not renowned for their frugality, having grown up in an era of rapid economic growth, mass consumerism and a feeling that the money faucet will never turn off. In retirement, however, the money can run out — a risk some boomers face as they spend their way too quickly through their retirement accounts, according to a new study from the Center for Retirement Research at Boston College. That risk is particularly big for younger boomers whose careers...

June 22, 2022
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22Jun

Japanese corporate pension funds: risks growing for Asia’s emerging markets

Relying on high-growth markets is not showing the results it once did - and the current situation is posing more questions than answers, says one corporate pension fund manager. Corporate pension funds in Japan are struggling to identify the best allocation strategies as the knock-on from distruptive events globally is being felt in Asia's emerging markets, according to leading pension funds. With China’s economy challenged by lockdowns and general repercussions from the Covid-19 pandemic, as well as regulatory interventions that have...

June 22, 2022
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21Jun

Puerto Rico. Denuncian falta de transparencia del Fideicomiso de la Reserva de Pensiones

El Frente en Defensa de las Pensiones denunció el nombramiento, a puertas cerradas, de un Comité de Transición que estará a cargo del Fideicomiso de Reserva de Pensiones, creado por el Plan de Ajuste de la Deuda (PAD), sin representación ni participación de los pensionados. “Estamos haciendo un llamado desde ya a todos los pensionados y pensionadas incluyendo a los trabajadores activos que han puesto en peligro su pensión futura a una asamblea que vamos a estar desarrollando y vamos...

June 21, 2022
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21Jun

Chile. Avanzando en bienestar previsional

El gobierno se ha comprometido a ingresar en agosto una reforma previsional. Poco se sabe respecto de los detalles, pero se han sugerido componentes con fines de solidaridad. Este concepto coincide con lo propuesto en el borrador constitucional a votarse en septiembre, que estipula un sistema de seguridad social con características solidarias. El actual sistema de pensiones tiene componentes de solidaridad de manera indirecta; esto es, a partir de rentas generales. Las personas de mayores ingresos contribuyen más a esta...

June 21, 2022
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21Jun

Portugal. “Historic increase” in pensions

The Prime Minister has assured that the Government will comply with the law and in 2023 there will be a “historic increase” in the value of pensions as a result of the drastic rise in inflation and the high economic growth registered this year. This perspective on the evolution of pensions in the coming year was passed on by António Costa at a CNN Portugal conference, which included a special broadcast of the program “The Principle of Uncertainty”. Asked by journalist...

June 21, 2022
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21Jun

US. Senate Version of SECURE 2.0 Set to Move Forward

The Senate version of SECURE 2.0, titled the “Enhancing American Retirement Now (EARN) Act,” is scheduled for mark up Wednesday morning. The news comes two weeks after Senators Patty Murray, D-Wash., and Richard Burr, R-N.C., introduced a SECURE 2.0-like bill titled the “Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act.” “Americans deserve dignified retirements after decades of hard work, and our bill is an important step forward,” Senate Finance Committee Chair Ron...

June 21, 2022
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