December 2021
31Dec

US. Gig Economy Retirement Planning

Gig workers, like everyone else, deserve a pension. Freelancers, contract workers, self-employed, temp workers, on-call employees, and individuals with side hustles make up a significant component of our economy. Currently, 57 million Americans are estimated to be gig workers. Since March of last year, freelancing and gig marketplaces like Gigspot and Upwork have reported growth in users. Freelancers may make up half of US employment by 2023. Statista reported data from a 2018 poll in January indicating 27% of full-time...

December 31, 2021
News, Slider, ,
Read more...
31Dec

Pension And Sovereign Wealth Funds Eye Crypto As Regulators Focus On A Global Crypto Framework

Nothing indicates the ascendance of an asset in the financial system more than a pension fund investing in it. It is the ultimate signal of arrival. The Houston Firefighters’ Relief and Retirement Fund (HFRRF) announced in 2021 that it was investing $25 million in bitcoin, the first time a U.S. pension fund invested in cryptocurrencies. The HFRRF investment is in collaboration with NYDIG through a customized private fund managed by NYDIG, the cryptoasset manager that just completed a $1 billion...

December 31, 2021
News, Slider, ,
Read more...
México. Las Afores participarán en proyectos ASG
31Dec

México. Las Afores participarán en proyectos ASG

A partir del próximo 1 de enero, todos los ahorros para el retiro de los trabajadores mexicanos serán invertidos con un mayor enfoque en proyectos que tengan un impacto positivo en lo ambiental, social y gobierno corporativo (ASG). Las Administradoras de Fondos para el Retiro (Afores) serán los primeros inversionistas institucionales en México que a partir del 2022 estarán regulados o de alguna manera obligados a invertir en empresas y proyectos que cumplan con la certificación ASG. Estas administradoras son las...

December 31, 2021
Noticias, Noticias, , ,
Read more...
30Dec

México. Bajan las comisiones de las AFORES en 2022, ¿Cómo beneficia esto a tus ahorros?

En octubre pasado se aprobó una reducción en las comisiones de administración (es decir, la cuota que pagas para que manejen tu dinero) de las AFORES en México a partir del siguiente año. El monto promedio de las comisiones anuales de las AFORES durante 2021 fue de 0.808% y bajarán hasta 0.566% en 2022. Si bien puede parecer una reducción poco significativa, es bastante beneficiosa para las y los ahorradores en el largo plazo. Tus ahorros para el retiro permanecen...

December 30, 2021
Noticias, ,
Read more...
30Dec

UK. Platforms must help advisers reduce carbon footprints

Platforms must explore ways to support advisers in their digital and sustainable goals, M&G Wealth’s sales director has said. Justin Blower told FTAdviser UK platforms needed to keep up the momentum in their digitisation and automation strategies, as hybrid advice becomes more important in a post-pandemic world and the UK government increasingly prioritises carbon neutrality in the wake of Cop26. “Generally, advice firms have embraced portals and technology that allow them to service clients remotely,” said Blower. “And many more clients...

December 30, 2021
News, Slider, , ,
Read more...
30Dec

US. New Lifetime Annuities in 401(k) Plans Could Cut Advisors Out of the Picture

One of the primary reasons many retirees seek out financial advice is to convert their savings into a steady stream of income that can support their current lifestyles for the rest of their days. That’s why, to some advisors, the news this November that State Street Global Advisors launched a deferred lifetime income annuity within the University of California’s retirement plan could seem unsettling. That retirement plan has $35 billion in assets that advisors might not be able to manage...

December 30, 2021
News, Slider, , ,
Read more...
30Dec

ETF investors want impact with ESG allocations, survey finds

Investors are aligning themselves with the United Nations Sustainable Development Goals (SDGs) when allocating to ESG, according to a survey conducted by ETF Stream and Amundi. The survey of 105 investors across Europe, which featured in a report of initial findings titled ETF Scan: The Big Picture, found 35% of respondents said they want ESG exposure linked to either impact or the 17 SDGs, the most across all responses. This highlights the use case for thematic ETFs which can offer targeted...

December 30, 2021
News, Slider, ,
Read more...
29Dec

Choice Overload? Participation and Asset Allocation in French Employer-Sponsored Saving Plans

By Marie Briere, James M. Poterba & Ariane Szafarz This paper employs administrative data from one of the largest plan providers in France to investigate the role of plan and default characteristics in affecting whether employees participate in the plan and whether they accept its default investment option. The dataset includes information on the saving choices of 680,392 active employees at 1,610 firms. French employers have wide discretion in structuring employee saving plans. All plans must offer medium-term investments, which...

December 29, 2021
Articles, Pension design, , ,
Read more...
29Dec

What Drives Variation in Investor Portfolios? Evidence from Retirement Plans

By Mark Egan, Alexander MacKay & Hanbin Yang We study empirical patterns in investment behavior using a comprehensive data set of defined contribution plans. Using plan-level portfolio allocation data for the near universe of 401(k) plans over the period 2009-2019, we document substantial differences in investment behavior across plans. Plans with wealthier and more educated participants tend to have higher equity exposure while plans with more retirees and minorities tend to have lower equity exposure. These patterns cannot be explained...

December 29, 2021
Articles, Pension design, , ,
Read more...
29Dec

Green Finance: A Shift Towards Sustainable Economic Growth

By Bazgha Khan & Noria Farooqui Green finance refers to the financial arrangements that are specific to the utilization for projects that are environmentally sustainable or projects that adopt the aspects of global climate change. It’s to extend the level of financial flows from banking, micro-credit, insurance and investment, the public, private and not-for-profit sectors to sustainable development priorities. United Nations Environment Program (UNEP) has been working to align financial systems to the 2030 sustainable development agenda to direct financial flows...

December 29, 2021
Articles, Investment, , ,
Read more...