April 2022

US. Conservative Group Wants to Stop State Pensions From Pursuing ESG Initiatives

US. Conservative Group Wants to Stop State Pensions From Pursuing ESG Initiatives

State pension funds should be barred from considering social and environmental factors in their investment decisions, a conservative association said in a push for new state legislation that would clash with the financial industry’s efforts to focus on greener investments. American Legislative Exchange Council, an association of state legislators, on Wednesday put forward model legislation that provides states a template for laws to keep pension funds from following so-called environmental, social and governance trends. “Politically motivated investing, by definition, takes rates...

UK. How to think about sustainable investing for the long term

UK. How to think about sustainable investing for the long term

Although funds that broadly fit within the environmental, social and governance universe have grown rapidly in recent years – to the point where they now account for around 5 per cent of the total assets of UK retail funds – in a world of exceptional volatility, can an adviser really think long term about sustainable investing? For Kate Elliot, head of ethical, sustainable and impact research at Rathbone Greenbank Investments, the regulatory outlook for providers is unlikely to look radically...

Cities that Plan for Age-Readiness can Reap Lasting Social and Economic Benefits: New World Bank Report

Cities that Plan for Age-Readiness can Reap Lasting Social and Economic Benefits: New World Bank Report

As the world gets older and cities expand to accommodate more people, focusing on making urban infrastructure and services ‘age-ready’ — conducive for older persons and younger ones alike — can have universal social and economic benefits, a new World Bank report shows. “Silver Hues: Building Age-Ready Cities” builds on the reality that for the first time in history, there are more persons aged 65 years or over than there are children under five. In fact, by 2050, one in...

México. SURA anuncia interés por comprar Afore Citibanamex

Hay un nuevo interesado por la venta de Afore Citibanamex, la empresa de origen colombiano Sura. El administrador latinoamericano de activos se suma a la lista de empresas interesadas como Banorte, Principal, Banco Azteca o Inbursa. Ignacio Calle Cuartas, director ejecutivo de la administradora de activos Sura, comentó a este medio que en caso de ponerse a la venta de forma independiente la Afore Banamex, sería una operación que les interesaría. Sin embargo, de darse, tendría que ser mediante otro...

Chile. Presidente Boric: “Nosotros no queremos quitarle los ahorros a nadie”

El Presidente de la República, Gabriel Boric, volvió a referirse durante su visita a Argentina al futuro que tendrán los ahorros previsionales durante su Gobierno, aseverando que "nosotros no queremos quitarle los ahorros a nadie". Según dijo el Mandatario en entrevista con Infobae, "lo que han ahorrado durante toda su vida los trabajadores es de ellos y eso se va a mantener así". Boric sostuvo que lo planteado "es que tenemos que construir un sistema de seguridad social en donde además...

Colombia. Gobierno anuncia inversión de fondos de pensión por $4,5 billones para proyectos de infraestructura en el país

Colombia. Gobierno anuncia inversión de fondos de pensión por $4,5 billones para proyectos de infraestructura en el país

El mandatario aseguró que es una forma de proteger lo fondos de pensiones en inversiones serias. Esto, en rechazo a la propuesta del candidato Gustavo Petro sobre la reforma a las pensiones. Leer también Comentario al proyecto de ley para el impulso de los planes de pensiones de empleo (Colombia) Tras una reunión con los representantes de la Asociación Colombiana de Administradoras de Fondo de Pensiones y Cesantías, el presidente Iván Duque anunció que este gremio dará una inversión en proyectos...

Proponen en Perú que se autorice a afiliados el retiro de hasta 2 UIT

Proponen en Perú que se autorice a afiliados el retiro de hasta 2 UIT

El congresista de Perú Libre, Segundo Montalvo, planteó un proyecto de ley para autorizar a los afiliados del Sistema Privado de Administración de Fondos de Pensiones (AFP) el retiro de manera facultativa de hasta dos unidades impositivas tributarias (UIT), del total de fondos acumulados en una cuenta individual de capitalización. La intención, indica la propuesta, es aliviar la economía familiar, afectada por las graves consecuencias originadas por la pandemia del COVID-19 y la crisis mundial que afronta nuestro país. En...

UK. Most auto-enrolment pension savers and employers are still anchored to the minimum rate

It’s nearly 10 years since automatic enrolment was launched amid great fanfare; TV adverts featuring famous bosses such as Baroness Brady and Theo Paphitis were part of a huge Government drive which has seen 10.6 million workers enrol in a workplace pension scheme, saving an additional £28.5bn towards their futures. Despite this rip-roaring success, there remains the question of whether the average auto-enrolment member is saving enough for the retirement they want. The Pension Commission, which paved the way for auto-enrolment,...

Major reform of the Dutch Pension system

On March 30, 2022 the Dutch government submitted draft legislation to reform the Dutch pension system, (the Bill) which is expected to come into effect on January 1, 2023. If the Dutch House of Representatives approves the proposal, it will go to the Senate where it is expected to pass. The deadline for transitioning to the new scheme is January 1, 2027 at the latest. This change will impact every employer with a pension scheme in place. In practice,...

Aging in the LGBTQ+ Community

Aging in the LGBTQ+ Community

The Wyomissing Public Library will hold an event to learn more about the older LGBTQ+ population, and how we can improve to create a more equitable society for all. The LGBTQ+ population faces many disparities, one of them being disproportionate challenges brought up during the aging process. When compared to their heterosexual counterparts, LGBTQ+ elders are more likely to experience discrimination in housing, have a lower income, and are more likely to express a lack of social support. Check @Bctv.org for...