February 2022

De la crisis del paradigma salarial clásico a la consolidación de un nuevo patrón de relaciones laborales en Argentina

Por Sonia Balza El objetivo de este trabajo es analizar los alcances y límites del concepto de sector informal urbano y el advenimiento de la noción de precariedad laboral, para el caso argentino. También trabajaremos sobre la noción de deslaborización, en tanto apela a la crisis del paradigma salarial clásico, que es provocado por la paulatina ruptura del binomio seguridad jurídica-dependencia económica. Este trabajo tiene la doble intención de, por una parte, repasar la tradición estructuralista a través del concepto...

EU ropes in pension funds to boost post-Brexit clearing capacity

Mandatory clearing of derivatives contracts by pension funds in the European Union should start in June 2023, helping the bloc to cut reliance on London, the EU’s securities watchdog said on Tuesday. Brussels wants to reduce reliance of EU financial services companies, including pension funds, on clearing euro denominated derivatives in London after Britain left the bloc’s regulatory framework. The mandatory clearing by the pensions funds could help to build up EU capacity in derivatives clearing. London still dominates clearing, with...

​Pension funds neglect human capital when setting investment policy, say experts

Pension funds should always take into account human capital, or the career perspective of their members, when determining how much risk they can take with their investments. But they too often fail to do this, according to experts. The degree of certainty of future labour income affects the risk capacity of pension participants; the more predictable and stable their income, the more risk they can shoulder, argued Thomas Pistorius, a risk manager at Pensioenfonds Vervoer, the €37bn fund for the...

Iranian Teachers Demand Fair Pay, Pension Adjustment

Hundreds of teachers are protesting across Iran to demand a fair pay, adjustment of pensions, and the release of their detained colleagues. The protests in dozens of cities follow two days of sit-ins in schools where teachers had reportedly gone on strike. On January 31, teachers staged a protest outside the parliament building in Tehran and in front of Education Ministry offices in other cities, including Shiraz, Isfahan, and Ahvaz, to present their demands. Last month, Iran's parliament passed legislation to raise...

Malaysia. We need a wholesome approach to retirement

For an individual, especially one who is not pensionable, retirement planning is rightly a 30-year consideration but, in reality, most would only start to look at their financial circumstances in the last five to ten years to retirement. While we should be concerned that 6.1 million out of the nearly 15 million Employees Provident Fund (EPF) members have less than RM10,000 in their EPF accounts, simplistic proposals to tinker with the dividend rate based on the amount held in one’s...

México. Planes de ahorro y de retiro están exentos del ISR en 2022: SAT

México. Planes de ahorro y de retiro están exentos del ISR en 2022: SAT

Las rentas vitalicias, los planes de ahorro u otras formas de retiro provenientes de la subcuenta del seguro de retiro o de la subcuenta de retiro de un jubilado estarán exentos del pago del Impuesto Sobre la Renta (ISR) durante el ejercicio del 2022, informó el Servicio de Administración Tributaria (SAT). Leer también México. Avanza cultura de jubilación y ahorro con las Afores Para ser acreedor de este beneficio fiscal, la persona sólo tiene que cumplir con un requisito: que los...

UK. 21 million savers tempted by green pension options amid increasing awareness

Awareness of the link between pensions and climate change has grown by around 85 per cent in the past year, analysis from Make My Money Matter (MMMM) has revealed, with an increasing number of savers tempted by green pension options as a result. Research from the group revealed that 51 per cent of savers, representing around 21 million individuals, would choose a green pension if offered one by their provider, up from 44 per cent in 2021, a "substantial" increase...

U.S. public pension funds may turn to more ‘aggressive’ investment, report says

U.S. public pension funds will likely have to switch to more aggressive investment strategies in the coming years to fill funding gaps despite assets held by sovereign investors having grown to record levels amid the 2021 equity market boom, a new report said. On average, the difference between assets and liabilities at U.S. public pension funds, known as the "funded ratio," remains "unsatisfactory" at less than 75%, sovereign investor specialist Global SWF said in a report. To boost returns, many will...

​Virus has created different economic system, says Finnish pensions chief

The chief executive officer of the State Pension Fund of Finland (Valtion Eläkerahasto, VER), said the economic conditions brought about by the pandemic will stay with us, and with digitalisation and medicine as the key drivers of this new system, that is where governments need to allocate resources. Timo Löyttyniemi, CEO of VER, the €22.9bn fund which balances central government’s staff pension spending, said in a blog: “COVID has given birth to a different economic system where only change is...

Turkey’s retirees suffer inflation pain despite pension hike

With soaring inflation in Turkey that has hit all walks of life, the pain of high cost of living is probably felt most by the country's old-age pensioners, despite the promises by the government under President Recep Tayyip Erdogan not to "crush the people under exorbitant prices." "I buy fruits and vegetables at closure time in the neighborhood market because of the cheaper price as sellers want to clear their shelves at the end of the day," Faruk Ekmen, a...