April 2022

Kenya. Pensions raise investments in offshore, private equity
12Apr

Kenya. Pensions raise investments in offshore, private equity

Pension funds have raised their offshore and private equity investments threefold in the past two years, underlining the push for income diversification from equities and property whose returns have contracted. The funds raised their offshore investments from Sh6.32 billion in 2019 to Sh19.4 billion at the end of last year, the latest industry data from the Retirement Benefits Authority (RBA) shows. Private equity (PE) investments meanwhile went up from Sh969 million to Sh2.96 billion in the period. While alternative investment classes...

April 12, 2022
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Retirement Plan Participants Want Their Investments to Make a Difference
12Apr

Retirement Plan Participants Want Their Investments to Make a Difference

Plan sponsors might consider building an investment lineup to meet the growing demand for sustainable options from defined contribution retirement plan participants. Nearly three-quarters (74%) of retirement plan participants said they would increase their contribution rate if offered sustainable investments, compared to 69% in 2021, according to the Schroders 2022 U.S. Retirement Survey. They said they want their investments to be aligned with their values (87%), and that they see environmental, social and governance investments as a driver of performance...

April 12, 2022
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12Apr

Colombia. Superfinanciera sancionó a Sura por inversiones indirectas entre filiales del grupo

El Grupo de Inversiones Suramericana dio a conocer que fue sancionado por la Superintendencia Financiera de Colombia (SFC) por, presuntamente, incumplir la normatividad que regula el régimen de capitalización. Al respecto, la compañía del Grupo Empresarial Antioqueño (GEA) afectada, anunció recursos legales para reversar dicha decisión expuesta a través de la Resolución 399 de 2022. Leer también Colombia. ¿Qué tan conveniente es que los fondos de pensiones inviertan en infraestructura? El mismo emisor aseguró que, con el fin de fortalecer el...

April 12, 2022
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12Apr

México. SAT: tres consejos para la deducción de aportaciones para el retiro

Mediante un comunicado el Servicio de Administración Tributaria hizo tres recomendaciones para que las personas físicas que realicen su Declaración Anual 2021 puedan aplicar como deducciones personales las aportaciones complementarias y voluntarias en cuentas de ahorro para el retiro. Las aportaciones complementarias de retiro, las cuales no se pueden retirar hasta la edad de 65 años o por una condición de invalidez o incapacidad, y las aportaciones voluntarias a largo plazo que se pueden retirar a los seis meses realizadas...

April 12, 2022
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12Apr

Análisis de la sostenibilidad del sistema de pensiones ecuatoriano, periodo 2013-2025

Por Mario Andrés Contreras Jaramillo La presente investigación tiene como objetivo principal determinar la cuantía del gasto en pensiones en jubilación a financiar por cotizante durante el periodo 2013-2025, tomando como variable de incidencia al factor demográfico para determinar si el Sistema de Pensiones de Ecuador es sostenible en el tiempo. En primera instancia se realiza una revisión de la Seguridad Social en un contexto mundial a lo largo de la historia, posterior a ello, se enfatiza el papel de...

April 12, 2022
Artículos, Caracterización del Sistema, Sostenibilidad del Sistema, , ,
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12Apr

Pensiones sociales y pobreza en América Latina

Por María Laura Oliveri  Este documento revisa la relación entre las pensiones y la pobreza en la vejez en América Latina luego de la reciente expansión de la cobertura a través de pensiones no contributivas, focalizándose en dieciocho países alrededor del año 2012. A partir de datos administrativos y encuestas de hogares se repasan las estrategias adoptadas y se evalúa la situación actual de los adultos mayores. Los resultados indican que los esquemas elegidos reflejan las distintas realidades. El avance de...

April 12, 2022
Artículos, Caracterización del Sistema, Mercado Laboral, , , ,
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Wealth After Work Innovative Reforms to Expand Retirement Security
11Apr

Wealth After Work Innovative Reforms to Expand Retirement Security

By William G. Gale, J. Mark Iwry, & David C. John Pensions and retirement saving plans have helped millions of households build financial security. But tens of millions of people have been left behind, without access to these wealth accumulation vehicles. For many others, the plans they have do not ensure financial security in retirement. The problems that underlie these failures can be addressed. This book proposes concrete, practical ways to make dependable retirement income accessible for all Americans—not just those...

April 11, 2022
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11Apr

The Danish Pension System: Design, Performance, and Challenges

By Andersen, Hougaard Jensen & Rangvid The need for pension reform is widely discussed against the backdrop of falling fertility rates and rising longevity. These developments challenge pension systems which in many countries already encounter problems with pension adequacy and financial sustainability. In the debate, reference is often made to Denmark as a model for pension system reform. This book offers the first coherent and in-depth description and analysis of the Danish pension system; its structure and performance. As is well-known to...

April 11, 2022
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11Apr

The Association between Mandated Environmental Liability Recognition and Voluntary ESG Disclosure Quality

By Daniel A. Bens, Cai Chen & Peter R. Joos We examine the association between mandated Asset Retirement Obligations (ARO), i.e., environmental clean-up costs of normal operations estimated on the balance sheet, and the quality of voluntary ESG disclosures. We hypothesize that when firms recognize larger AROs with higher accuracy that this effort will spillover into enhanced voluntary disclosure of a broad range of ESG outcomes. Empirical evidence supports this hypothesis. In a sample of environmentally sensitive industries, we find...

April 11, 2022
Articles, Investment, Pension Management, ,
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Changes in Retirement Savings during the COVID Pandemic
11Apr

Changes in Retirement Savings during the COVID Pandemic

By Elena Derby, Lucas Goodman, Kathleen Mackie, & Jacob Mortenson This paper documents changes in retirement saving patterns at the onset of the COVID-19 pandemic. We construct a large panel of U.S. tax data, including tens of millions of person-year observations, and measure retirement savings contributions and withdrawals. We use these data to document several important changes in retirement savings patterns during the pandemic years relative to the years preceding the pandemic or the Great Recession. First, unlike during the...

April 11, 2022
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