June 2022
16Jun

Operadora de fondo de maestros en Costa Rica advierte riesgo sobre intromisiones en manejo de pensiones

En audiencia con la Comisión Permanente de Asuntos Sociales, Carlos Arias, director ejecutivo de la Junta de Pensiones del Magisterio Nacional (Jupema) advirtió del riesgo de intromisiones en el manejo administrativo de las operadoras de pensiones a raíz de lo propuesto por el Expediente nº 21345 Ley de Reforma para la Equidad, Eficiencia y Sostenibilidad de los Regímenes de Pensiones. El representante de los educadores manifestó que en las últimas décadas la tendencia internacional va orientada a garantizar que se...

June 16, 2022
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16Jun

UK. Pensions: Workers not saving enough for retirement as cost of living crisis bites

Britons who pay into a workplace pension are not saving enough to get by when they retire but can’t afford to contribute more because of the cost of living squeeze, MPS have been told Anna Mowbray, research and policy officer at Community Trade Union, told the work and pensions committee that workers are worried about their future pension but the biggest concern now is facing soaring energy and food bills. “Given the current cost of living crisis that people are facing...

June 16, 2022
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16Jun

Pension funds criticize Toyota for anti-green lobbying

Pension funds in Denmark and New York City expressed their dissatisfaction with Toyota Motor Co. Wednesday over what they see as lobbying activity that is slowing down a green transition. "We are extremely concerned that Toyota's lobbying activities are misaligned with its climate goals and its electric vehicle strategy," New York City Comptroller Brad Lander, fiduciary of the $265.9 billion New York City Retirement Systems, said in an emailed statement before the car maker's annual shareholder meeting Wednesday. "Toyota's approach puts...

June 16, 2022
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16Jun

How to improve long-term planning for pension funds

The most difficult task for pension fund managers is to properly calibrate risk and return to make sure that pensioners earn a steady income after retirement. Today, this tradeoff is harder than ever. Since 1980, the average person’s life expectancy at retirement has increased by about four years, or one year per decade. This has resulted in greater liabilities for pension funds. In addition, bond yields have decreased to rock-bottom levels, which means that the dollars we save no...

June 16, 2022
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16Jun

India. Government to launch AI-driven portal for distributing pension payments

In order to seamlessly process, track and disburse pensions, the Department of Pension and Pensioners' Welfare will soon launch an Artificial Intelligence (AI) enabled the common portal for the benefit of pensioners and elderly citizens. Union Minister Jitendra Singh said that the AI-supported portal, 'Bhavishya', will send automatic alerts to pensioners and superannuated senior citizens, including retired paramilitary personnel. Apart from enabling constant contact with pensioners and their associations across India, the portal will also receive their inputs, suggestions as well...

June 16, 2022
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15Jun

Colombia. De cada 10 afiliados a pensión, tres están en Colpensiones y siete en fondo privado

Según un informe de la Superfinanciera, el sistema general de pensiones administró $410,2 billones con corte al primer trimestre El informe de cifras del sistema, que publica mensualmente la Superintendencia Financiera de Colombia (SFC) dejó ver que gracias a la buena dinámica del mercado laboral en el último año, más personas siguieron vinculándose al sistema general de pensiones, que alcanzó los 24,9 millones de afiliados con corte a marzo, 920.881 más que en el mismo periodo de 2021. Si se desagrega...

June 15, 2022
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15Jun

México. Aumentará el costo de “Modalidad 40” del IMSS a partir de 2023

A partir del primero de enero del 2023 el costo d la Modalidad 40 del IMSS aumentará en un 10.8 por ciento. El costo de la llamada "Modalidad 40" para pensionados aumentará hasta 10.8 por ciento a partir del próximo año tras las modificaciones a la Ley del Seguro Social que entrarán en vigor el 1 de enero del 2023. El esquema, cuyo nombre es Continuación Voluntaria del Régimen Obligatorio, es usado principalmente por personas que cotizan bajo la Ley de 1973,...

June 15, 2022
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15Jun

US. Recession, stagflation risks top concerns for managers

As the U.S. stock market officially entered a bear market, investor gloom continues to grow as global profit expectations and fears of stagflation reach the highest point since 2008, according to the results of Bank of America's June Global Fund Manager Survey. Of the 300 surveyed fund managers, which oversee a total of $834 billion in assets, expectations of global growth were at a net -73% in June, down from a net -72% in May and reaching a new lowest...

June 15, 2022
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15Jun

UK. Work and Pensions Committee to examine auto-enrolment pension contributions and pensions for gig-economy and self-employed workers

The Work and Pensions Committee inquiry into saving for later life continues with an evidence session featuring witnesses from unions, business federations, and representatives from Uber, Nat West, Tata, and Co-Op. Purpose of the session MPs are expected to examine whether the UK’s pension system is still fit for purpose, 20 years after the pensions commission was first set up. The Committee is likely to explore whether auto-enrolment minimum contribution rates should rise and how employers and trade unions can help put...

June 15, 2022
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15Jun

Hong Kong Pension Pot Shrinks 11% on China Market Turmoil

It’s been a bad year for Hong Kong residents counting on Greater China for their retirement savings. The mandatory provident fund -- Hong Kong’s pension system -- has lost about 11% since the start of 2021, walloped by China’s industry crackdowns and Covid Zero policy, which overshadowed gains in US assets. That erased HK$130 billion ($17 billion) in total, or about HK$28,300 for each account at the end of May, according to researcher MPF Ratings Ltd. The retirement losses add to...

June 15, 2022
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