November 2021
24Nov

No pension. No savings. No future. No wonder we’re betting the house on crypto

By Rohit Thawani I must begin this article by stating that the information I’m providing is not financial advice. I think I legally have to say that because I heard it on a podcast or whatever, I really don’t know. But, if you’re taking crypto advice from me, that might be your first problem. It all started with a missed shot. Let’s go back to 2004, when I invested my $5,000 life savings into Apple, a company I truly believed in. It...

November 24, 2021
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negocios de perú y colombia aumentan su peso en los resultados de Habitat Chile
24Nov

Negocios en Perú y Colombia aumentan su peso en los resultados de Habitat Chile

La segunda mitad del año de AFP Habitat ha estado marcada por la división societaria que separará el negocio que tiene en Chile de los que posee en Perú y en Colombia. En medio de ese proceso, las filiales continúan aumentando su presencia en los resultados de la gestora previsional ligada a Inversiones la Construcción y a la estadounidense Prudential. En el tercer trimestre, Habitat Perú logró utilidades por $ 2.006 millones, lo que evidencia una baja de 39,8% respecto a...

November 24, 2021
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23Nov

Chile. Cuarto retiro desde las AFP: Comisión Mixta sesionará este miércoles

Este mes el Congreso estará cruzado por la campaña de segunda vuelta presidencial, por lo que los temas en discusión y, principalmente, las votaciones podrían estar influenciadas por este escenario en que no parece haber término medio. En este contexto, el proyecto de cuarto retiro desde las AFP y segundo anticipo de rentas vitalicias comenzará a ser analizado por la Comisión Mixta esta semana, mientras que una serie de otras iniciativas seguirán su tramitación normal. La Comisión Mixta por el...

November 23, 2021
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23Nov

México. Si no ahorran, Millennials tendrán que vivir con $70 diarios

Si los jóvenes no ahorran, tendrán que sobrevivir con pensiones de poco más de 2 mil pesos mensuales, es decir, unos 70 pesos diarios, advirtió el Sistema de Ahorro para el Retiro (SAR). La Consar dio a conocer los resultados de estimaciones pensionarias que se realizaron para cotizantes al Instituto Mexicano del Seguro Social (IMSS) de 36 años de edad o menos, mostrando diferentes alternativas que podrían aumentar el monto de tu pensión futura. El ejercicio consideró un supuesto de Densidad...

November 23, 2021
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23Nov

Puerto Rico. La Junta de Control Fiscal lleva al tribunal federal su oposición a la Ley de retiro digno para policías

La Junta de Control Fiscal (JCF) anunció esta noche que solicitó al Tribunal de Distrito de Estados Unidos en Puerto Rico que dictamine que la ley federal Promesa prevalece sobre la Ley 81 de 2020 que concede un retiro digno a policías, bomberos, oficiales de custodia y otros profesionales del gobierno. El ente federal también solicitó a la corte un dictamen similar referente a la Ley 80-2020 del Programa de Retiro Incentivado y la Ley 82-2020 relacionada al Sistema de...

November 23, 2021
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23Nov

US. Pension Cash Dwindles, Risking Liquidity Crunch

Bigger private-market bets, inflation fears and a surge of retirees are putting public retirement funds at risk of a cash crunch that would force them to sell assets at losses to pay pension checks. Read also US. How The Pandemic Has Impacted Retirement Confidence Cash allocations have dropped to a seven-year low at the funds that manage more than $4.5 trillion in retirement savings for America’s teachers, police and firefighters. Read also US Department of Labor recovered more than $2.4B to employee...

November 23, 2021
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23Nov

​Three foreign pension lessons for the UK – PPI report

The Pensions Policy Institute’s (PPI) latest report looks at what the UK can learn from other countries to improve value for money for pension savers. Such contries, among others, include Sweden, Australia and the Netherlands. When Sweden introduced its defined contribution (DC)-based premium pension system in the 1990s, it launched a campaign to encourage workers to make an active, considerate choice between the six available investment funds. With remarkable success, as two thirds of workers did indeed make an active choice...

November 23, 2021
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23Nov

Low-income Greek pensioners to get one-off grant to buffer price surge

ATHENS- Greece will hand out one-off grants to low-income pensioners and medical staff ahead of Christmas to shield them from higher energy and food prices, Prime Minister Kyriakos Mitsotakis said on Monday. Consumer inflation hit a multi-year high of 3.4% in October with costs in the housing sector rising by an annual 7.8%, mainly due to rising electricity, heating oil and natural gas prices. The government has already spent about 700 million euros ($790 million)on subsidies for the majority of Greek...

November 23, 2021
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23Nov

Puerto Rico. Pension Costs Hound Final Steps in Bankruptcy Case

Disagreements over public worker pensions in Puerto Rico continue to threaten a restructuring plan that would ease $33 billion of the island’s debt just as the judge overseeing its bankruptcy case hears final arguments. A lawyer representing the congressionally appointed board overseeing the island’s finances said in court Monday that local laws, if enforced, would boost public-worker benefits and increase Puerto Rico’s expenses by an estimated $5 billion, too much for the plan to work. “Quite possibly the plan wouldn’t be...

November 23, 2021
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23Nov

How will we make the most of an extra 30 years of life?

Demographers predict that as many as half of the children born in the developed world since 2000 will reach the age of 100 and beyond. Once a rare event, century-long lives will become commonplace by 2050. The near doubling of life expectancy presents a range of challenges — along with yet unrealized opportunities. To the extent that we continue to live our lives according to the norms, institutions and policies based on lives half as long as the ones we...

November 23, 2021
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