December 2021
22Dec

Puerto Rico oversight board sues to stop new pension benefits

The Financial Oversight and Management Board for Puerto Rico said it filed a lawsuit to stop the local government from offering public workers billions in new retirement benefits that it says will undermine the island's long-sought plan to restructure its debt. In a statement issued Monday, the board said it had filed the suit in Puerto Rico District Court to stop the pension measures — known as Act 80, Act 81, and Act 82 — because they are being pushed...

December 22, 2021
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Puerto Rico. La Junta de Control Fiscal demanda al gobierno para anular leyes de retiro
22Dec

Puerto Rico. La Junta de Control Fiscal demanda al gobierno para anular leyes de retiro

La implementación de las leyes 80, 81 y 82 fue puesta en jaque ayer por la Junta de Control Fiscal (JCF) con la presentación de una demanda en la corte de Título III contra el gobierno de Puerto Rico. Leer también Puerto Rico. La Junta de Control Fiscal lleva al tribunal federal su oposición a la Ley de retiro digno para policías El recurso tiene el propósito de que el gobierno desista de poner en vigor las leyes por entender que...

December 22, 2021
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22Dec

Chile. Ministerio de Hacienda ingresa Pensión Garantizada Universal al Congreso

El Ministerio de Hacienda informa que ingresó el proyecto que crea una Pensión Garantizada Universal al Congreso, en forma de indicación la Ley Corta de Pensiones, que se encuentra en la Comisión de Hacienda de la Cámara de Diputados. La iniciativa busca entregar un aporte de hasta $185.000 para todos los mayores de 65 años que se encuentren en el 90% de menores recursos, estén pensionados o no, beneficiando a 2,4 millones de personas. Los requisitos para acceder al beneficio serán...

December 22, 2021
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22Dec

US population growth in first year of Covid was lowest in history

The US recorded the lowest rate of population growth in its history in the first year of the coronavirus pandemic, according to the US Census Bureau. The year from July 2020 to July 2021 was also the first time since 1937 that the population of the US grew by fewer than 1 million people. Only 392,665 people were added to the count, growth of barely 0.1%. The figures released on Tuesday would appear to indicate that although tens of millions of...

December 22, 2021
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22Dec

UK. Workplace pensions bounce back after Covid-19 effects

On the go: Workplace pension contributions grew by more than 15 per cent in the second quarter of 2021, when compared with the previous year, due to contribution levels recovering after the pandemic, according to the Office for National Statistics. The ONS’s latest quarterly survey on funded occupational pension schemes in the UK, published on Tuesday, showed that contributions in private sector employee and employer defined contribution schemes grew by 19 per cent and 18 per cent, respectively, in Q2...

December 22, 2021
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21Dec

US. PennPSERS pushes $1.1 billion into alternatives

Pennsylvania Public School Employees' Retirement System, Harrisburg, announced $1.1 billion in new alternative fund commitments. The $72.5 billion pension fund's board at its Dec. 17 meeting approved commitments of $300 million to Brookfield Global Transition Fund, a real assets fund investing across sectors including industrials, renewable power and utilities, managed by Brookfield Asset Management; €200 million ($226 million) to ICG Europe Fund VIII SCSp, a mezzanine fund managed by Intermediate Capital Group; and $125 million to Bain Capital Special Situations...

December 21, 2021
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21Dec

UK. Pension dashboard project announces commercial partners

The Pensions Dashboards Programme has partnered with three commercial dashboard providers with which to work during its initial testing phase. The PDP has selected Aviva, Moneyhub and Bud to work alongside the Money and Pensions Service’s non-commercial dashboard in the initial test phase of the pensions dashboards ecosystem. The test phase will run for six months from December 2021 and see the chosen providers prepare to connect their dashboards to the central digital architecture. The three potential providers — an insurer, an...

December 21, 2021
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21Dec

Proposed changes to the U.S. retirement system are still on the table in Congress. Here’s where things stand

Two years after Congress passed a law that ushered in improvements to the U.S. retirement system, lawmakers’ efforts to make further enhancements are moving forward — albeit slowly. There’s bipartisan backing for measures in both the House and Senate that would build on the 2019 Secure Act, which aimed to increase both the ranks of savers and retirement security. While progress on the proposals has been slow, there’s hope for action in 2022, say supporters. “At the end of the first...

December 21, 2021
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Chile. Boric reafirma eliminación de AFP y estatización de los fondos
21Dec

Chile. Boric reafirma eliminación de AFP y estatización de los fondos

Tras convertirse en el nuevo presidente electo, el ahora ex candidato del Partido Comunista y el Frente Amplio, Gabriel Boric, realizó un emotivo discurso con su adherentes en el centro de Santiago. En el lugar, reafirmó que durante su Gobierno avanzará en la eliminación de las AFP y estatización de los fondos de pensiones. Leer también Chile. Ministerio de Hacienda ingresa Pensión Garantizada Universal al Congreso Según dijo el saliente diputado del Frente Amplio, existen muchos desafíos para los próximos años...

December 21, 2021
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20Dec

Fintech Regulation in Mexico Updated: March 31, 2021

By Catalyst Fund. BFA Global The CCAF and BFA Global have produced this deck to support fintech startups working in Mexico and those seeking to enter the Mexican fintech market. This deck provides an overview of Mexico’s regulatory regime as it relates to the fintech verticals of: ❏ Banking ❏ Credit ❏ Insurance ❏ Payments ❏ Investment The deck also offers recommendations on how startups can best engage with regulators and tools to help them do so. Get the book here 1,149 views  

December 20, 2021
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