admin, Author at Pension Policy International

12MayMay 12, 2023

México. Amafore: positivo, el cambio en la Consar

Guillermo Zamarripa, quien hace un mes asumió la presidencia de la Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore), calificó como positivo el nombramiento de Julio César Cervantes como presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) porque tiene la ventaja de que conoce los temas y el sistema del ahorro para el retiro. Está convencido de que las afores trabajarán en coordinación con el nuevo titular de la Consar. “Es una oportunidad,...

May 12, 2023

Noticias, NoticiasAdministración de Pensiones, Mexico, Regulación

12MayMay 12, 2023

Canada. British Columbia Investment Management hits pause on China deals

British Columbia's public pension manager has paused direct investments in China, the latest institutional investor to rethink its exposure to the world's second-largest economy due to geopolitical risks. A senior executive from British Columbia Investment Management revealed the policy during testimony this week to a Canadian parliamentary committee. Ontario Teachers' Pension Plan has made a similar move, suspending new investments in private assets in China, Bloomberg reported in January. BCI still has Chinese investments, mostly through public markets and index funds,...

May 12, 2023

NewsCanada, China, Investment, Political economy

12MayMay 12, 2023

South Africa. Distribution of military veterans’ pensions gains momentum

The Defence and Military Veterans Department says the pension payout for military veterans, who do not have any income, is going full speed ahead. “We have noted the confusion and uncertainty created by the lack of clarity on the part of the Department of Military Veterans officials in their interaction with Parliament’s oversight committee on Defence and Military Veterans,” the department said on Thursday. However, the department clarified that the distribution of the pension is being implemented through the Government Pension...

May 12, 2023

NewsPension Payout, South Africa, State Pensions

12MayMay 12, 2023

Ghana. Only about 1.9m out of 10 million workers are covered under SSNIT scheme – SSNIT boss

Only about 1.9 million of the 10 million or so workers in the country are covered under the Social Security and National Insurance (SSNIT) Scheme. According to the Director General of SSNIT, Dr John Ofori-Tenkorang, what is more, disturbing is that only about 32,000, representing 1.68% of active contributors, are self-employed. This is despite the fact that the majority of workers in the country are self-employed and/or work in the informal sector. Speaking at the launch of the SEED – a campaign...

May 12, 2023

NewsCoverage, Ghana, Informal Sector

12MayMay 12, 2023

Impact investments meeting financial expectations, exit study finds

The majority of impact investments are meeting or exceeding financial performance expectations, according to a study released Wednesday by ICM Institute, a non-profit research arm of the Impact Capital Managers, an association of private capital funds, and global law firm Morrison Foerster. The report, "Alpha in Impact: Strengthening Outcomes: Impact and Financial Value at Exit," covers a sample of 230 exits from ICM members managing market-rate impact funds. It found that 65% of impact exits met or exceeded financial performance...

May 12, 2023

NewsESG, Investment

11MayMay 11, 2023

Colombia. Ministra del Trabajo contempla modificaciones a la reforma pensional

Al termino de la segunda jornada de la audiencia pública sobre el proyecto de reforma pensional que se adelanta en el Congreso de la República con participación de la Academia, empresarios, sociedad civil, organizaciones sindicales, fondos privados de pensiones y Gobierno nacional, la ministra del Trabajo, Gloria Inés Ramírez, destacó los puntos de encuentro en medio de la discusión sobre la iniciativa. De acuerdo con ella, lo primero y positivo que se puede decir es que todos los que intervinieron...

May 11, 2023

Noticias, NoticiasColombia, Reforma de Pensiones

11MayMay 11, 2023

Argentina. Anuncian aumento de 21% en las pensiones

La directora general de la ANSES, Fernanda Raverta, y el ministro de Economía, Sergio Massa, anunciaron un aumento del 20,92% conforme a la Ley de Movilidad, así como un refuerzo para las pensiones mínimas y jubilaciones. En junio, el monto mínimo se elevará a 15.000 pesos, seguido de 17.000 pesos en julio y 20.000 pesos en agosto. Además, en junio los jubilados recibirán su bono semestral, y los que reciben la pensión mínima recibirán 121.407 pesos. Además, las personas que...

May 11, 2023

Noticias, NoticiasArgentina, Inflación, Suficiencia

11MayMay 11, 2023

S&P pone a El Salvador en impago selectivo por canje de deuda de pensiones

El Salvador realizó un canje de deuda de pensiones el 28 de abril, ofreciendo a los fondos de pensiones privados una combinación de nuevos certificados para reemplazar las obligaciones financieras soberanas anteriores que se habían emitido parcialmente después de un canje de deuda realizado en 2017. De acuerdo con nuestro criterio, consideramos que esta transacción está en dificultades con base en la probabilidad de un incumplimiento convencional sin la participación de los dos fondos de pensiones, dadas las vulnerabilidades macroeconómicas...

May 11, 2023

Noticias, NoticiasEconomía Política, El Salvador

11MayMay 11, 2023

Ghana. SSNIT expands coverage of basic social security scheme to self-employed persons

The Social Security and National Insurance Trust (SSNIT) has launched the Self-Employed Enrolment Drive (SEED), a product geared towards expanding coverage of the basic national social security scheme to self-employed Ghanaians. Dr John Ofori-Koranteng, Director-General of SSNIT, speaking at the launch of the product in Kumasi, said the aim was to redefine social security in Ghana and give hope to the self-employed to be able to retire in dignity and comfort. In pursuit of this agenda, the management of SSNIT had...

May 11, 2023

NewsCoverage, Ghana, Informal Sector

11MayMay 11, 2023

UK MPs urge minister to do more to free Hongkongers’ trapped savings

The first British ministerial visit to Hong Kong since the introduction of draconian Chinese security laws five years ago was a chance to demand that China unlock more than £2bn in pensions belonging to British overseas passport holders who fled for the UK, former cabinet ministers have told the Foreign Office. A letter signed by more than 90 MPs, including 10 former ministers, urges the trade minister Dominic Johnson to do more to release frozen savings belonging to thousands of...

May 11, 2023

NewsHong Kong, savings, UK

May 2023