January 2022

UK. Can the FCA tackle greenwashing?

For those who care about environmental, social and governance considerations, watching the glacial progress towards standardised ESG disclosures has been frustrating. There are more working groups, task forces, frameworks and roadmaps than you could shake a stick at (I have never tried shaking a stick at a working group, and it would probably get me fired, but you get the idea). Dare I suggest that we might even spare some sympathy for the Financial Conduct Authority, which has the job of...

Ghana. Some retirees under Second Tier receiving less than what is due them – Haruna Iddrisu

Minority Leader in Parliament, Haruna Iddrisu, has revealed that some retirees who are under the Second Tier pensions scheme are receiving less than what is due them at the moment. He described this as a disturbing situation that must be addressed immediately. The Second Tier is a defined contributory Occupational Pension Scheme mandatory for workers with 5% contribution made on behalf of members. The contribution is managed privately by approved Trustees. Speaking on the New Day on TV3 with Johnnie...

Pandemics: Insurance and Social Protection

By María del Carmen Boado-Penas, Julia Eisenberg & Şule Şahin This open access book collects expert contributions on actuarial modelling and related topics, from machine learning to legal aspects, and reflects on possible insurance designs during an epidemic/pandemic. Starting by considering the impulse given by COVID-19 to the insurance industry and to actuarial research, the text covers compartment models, mortality changes during a pandemic, risk-sharing in the presence of low probability events, group testing, compositional data analysis for detecting data...

La suficiencia y la sostenibilidad de las pensiones desde una perspectiva internacional: Especial atención a las personas mayores

Por Francisco Vila Tierno & Miguel Gutiérrez Bengoechea Esta monografía responde a la actividad investigadora realizada en el seno de los siguientes proyectos y grupos de investigación: “Retos, reformas y financiación del sistema de pensiones: ¿sostenibilidad versus suficiencia?” (RTI2018-094696-B-I00); “Los mayores en el contexto del empleo y la protección social: un reto para el crecimiento y desarrollo económico” (P18-RT-2585); “Las nuevas tecnologías y el impacto en el ámbito laboral y de la seguridad social: el impacto socio-económico de la economía...

El financiamiento del régimen previsional público en Argentina después de la reforma

Por Demarco, Gustavo C.Schulthess & Walter E. La reforma del sistema previsional argentino de 1993-1994 instituyó un sistema mixto, denominado 'sistema Integrado de Jubilaciones y Pensiones' (SIJP), basado en la coexistencia de un régimen de reparto administrado por el Estado y uno de capitalización a través de la Administración Nacional de la Seguridad Social (ANSeS), y otro de capitalización individual, administrado por sociedades de capital privado o público, denominadas Administradoras de Fondos de Jubilaciones y Pensiones (AFJP). La transición del...

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...

Impacto de la privatización de la seguridad social en el presupuesto. Mujeres: doblemente desprotegidas

Impacto de la privatización de la seguridad social en el presupuesto. Mujeres: doblemente desprotegidas

Por Eugenia Correa Vázquez Durante la década de 1990, muchas economías en desarrollo instauraron reformas financieras fundamentales para modificar los sistemas de pensiones. Este artículo hace un análisis de los principales resultados de estas reformas desde la perspectiva de género. A pesar de ser vistas como reformas sociales, las reformas a los sistemas de pensiones han incrementado la parte de la población que no cuenta con seguridad social, por otra parte, las mujeres, al tener una mayor esperanza de vida,...

Spain to raise regular public pensions by 2.5% this year

Spain will raise most public pensions by 2.5% in 2022, boosting the average pensioner's income by around 250 euros ($281.78) a year Social Security Minister Jose Luis Escriva said on Tuesday after a cabinet meeting where the increase was approved. The lowest public pensions will increase by 3%, he added, while inflation reached 6.5% in 2021. Overall, the pension increase will cost some 6.5 billion euros. ($1 = 0.8872 euros) Read more @ZAWYA The newspaper El Economista explains today that on the same...

UK. Government confirms annual public service pension increase rate

The government has announced the rates of indexation and revaluation that will be applied to public service pensions in April 2022. In a written statement, Chief Secretary to the Treasury, Simon Clarke, noted that public service pensions are required by law to increase annually in line with the state pension. Public service pensions will therefore increase in line with the 3.1 per cent rise in Consumer Prices Index (CPI) on 11 April 2022, except for those that have been in payment...

US. DC Pension Faces Whistleblower Suit Alleging Investment Fee Misreporting, ‘Toxic Culture’

A whistleblower has filed a lawsuit against the District of Columbia Retirement Board alleging that it retaliated against her for saying that the fund wrongly reported investment management fees and was not monitoring private investment agreements. The lawsuit was filed by Erie Sampson, the fund’s general counsel and ethics counselor, in Washington, D.C. on December 30. The lawsuit describes a “toxic culture of fear and retaliation” at DCRB and alleged the pension fund had audit and compliance issues, which could be...