May 2022

República Dominicana. Experto considera inviables propuesta de eliminar AFPs y ARS
10May

República Dominicana. Experto considera inviables propuesta de eliminar AFPs y ARS

El autor de la Ley 87-01 que creó el Sistema Dominicano de la Seguridad Social, economista Arismendi Díaz Santana, calificó de extremista e inviable las propuestas sobre la eliminación de las Administradoras de Fondos de Pensiones (AFP) y las Administradoras de Riesgos de Salud (ARS). Así mismo, consideró como radical dicha posición la cual según explicó se extrapola a los años de la «Guerra Fría» ya que no son planteamientos viables ni razonables. «De manera que los planteamientos que en ese...

May 10, 2022
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10May

More tax for thousands of retirees in South Africa

Thousands of retirees will find lower-than-expected pensions in their bank accounts at the end of this month owing to higher tax deductions. Thousands more already had this experience at the end of last month. This is as a result of administrators implementing tax directives issued by the South African Revenue Service (SARS) in an attempt to ensure the correct tax is collected upfront from retirees who receive more than one pension or a pension and salary income, said consumer financial...

May 10, 2022
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10May

UK. FCA needs more crypto experience, expert warns

The FCA needs more experience with crypto in order to understand the asset class fully, an expert has warned. Mark Aruliah, senior policy adviser at blockchain analysis firm Elliptic, who spent a number of years as a technical specialist at the FCA, said he doesn’t see any strong advantages in being in the UK as a crypto firm. “I’m not saying the UK regulator is in a positive or negative position, I think the jury is out for me,” he said. Speaking...

May 10, 2022
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10May

Nigeria. Pension fund assets now worth N13.88tr

Pension fund assets grew by N453.8 billion to a historic N13.88 trillion in the first of quarter of the year ended March 2022 (Q1 2022), and assets under management rose 3.38 per cent above N13.4 billion in December 2021. Data compiled by the National Pension Commission (PenCom) also shows that 12,336 Pension Fund Administrator (PFA) contributors switched their Retirement Savings Accounts (RSAs) between PFAs in Q1 2022. This is 4.2 per cent lower than the 12,874 who switched in Q4 2021...

May 10, 2022
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México, Regulación, Inversión
09May

México. Consar flexibiliza reglas de inversión de los fondos mutuos

El Comité de Inversión podrá determinar invertir un porcentaje superior considerando criterios de desempeño del fondo. La Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) informó a través del Diario Oficial de la Federación (DOF) que las Afores podrán invertir más de 35% de sus activos netos en acciones de empresas mexicanas. Leer también México. Afores tienen invertido 80,953 millones de pesos en el sector eléctrico “El Comité de Inversión podrá autorizar porcentajes de participación superiores a 35% de los...

May 9, 2022
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09May

Half of older women fear having to work beyond UK state pension age – study

Half of older women fear they will have to keep working beyond the state pension age in order to make ends meet, according to research. As many as 53% of women aged 45 and over surveyed by the older worker advice website Workingwise.co.uk said they were concerned that their pension would not be enough for them to be financially independent in later life. The study, carried out to investigate women’s economic situation as they approach retirement, exposes the lasting impact that...

May 9, 2022
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Bolivia. El 58,3% de jubilados con pensión de vejez tiene rentas de Bs 1.000 a 4.000
09May

Bolivia. El 58,3% de jubilados con pensión de vejez tiene rentas de Bs 1.000 a 4.000

Según un informe oficial hay 9.933 jubilados con pensiones de Bs 1.001 a Bs 2.000; 8.700 con renta de Bs 2001 a 3.000; y 6.462 con pensión de hasta Bs 4.000. Advierten que la caída de ingresos es muy fuerte al retirarse. El 58,3% de los jubilados con una pensión de vejez en el Sistema Integral de Pensiones (SIP) percibe una renta que oscila entre 1.000 y 4.000 bolivianos, según datos del Viceministerio de Pensiones y Servicios Financieros y Ministerio...

May 9, 2022
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09May

US. EBRI: Challenges Aside, Retirement Confidence Remains High

Despite the pandemic and inflation, American workers and retirees remain optimistic about living a comfortable retirement—and one key factor that has helped is having a workplace retirement savings plan. This is according to the 32nd annual Retirement Confidence Survey (RCS) measuring worker and retirement confidence conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research. In fact, in 2022, 82% of workers who are offered a workplace retirement savings plan are satisfied with it—a finding that has remained steady...

May 9, 2022
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UK, Risk, Pension management
09May

Windfall tax on oil giants won’t hurt British pensioners, thinktank finds

Britain’s main pension funds own less than 0.2% of Shell and BP shares, undermining claims that a windfall tax on big oil companies would harm the retirement incomes of UK savers. A review of the oil giants’ shares by the Common Wealth thinktank shows the largest holdings are by US investment companies, including BlackRock and Vanguard, and the wealthy Norwegian pension funds. The UK’s multibillion-pound defined contribution occupational pension funds, which hold the savings of tens of millions of workers,...

May 9, 2022
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09May

US. Another crypto issue: Is there really demand?

The big question now for cryptocurrency investing in defined contribution plans is how amenable sponsors, participants and consultants will be to accepting these offerings to augment retirement savings. Even before Fidelity Investments announced a program that would let participants invest up to 20% of their 401(k) accounts in cryptocurrency, NEPC LLC detected a "meaningful increase from clients asking for education on crypto within 401(k) plans," William Ryan, Chicago-based partner and head of defined contribution plan solutions at the investment consultant,...

May 9, 2022
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