November 2021
19Nov

South Africa. Government pension fund freezes R70 billion mandate with PIC

The Government Employees Pension Fund, Africa’s biggest pension fund, said it may take as long as a year to negotiate a new mandate with Public Investment Corporation that will allow it to enter into new unlisted investment deals. The PIC oversees a R70 billion unlisted investment fund for the GEPF, but its mandate lapsed in March, said Musa Mabesa, the GEPF’s principal chief executive. While deals initiated before it ended can be completed, new ones can’t be concluded, he said. The...

November 19, 2021
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19Nov

What happened at COP26 and what does it mean for pension scheme investments?

What happened at COP26 and what does it mean for pension scheme investments? COP26 drew to a close on Saturday 13th November, a day later than scheduled, as delegates from 197 countries pushed to finalise a deal which aims to limit global warming and accelerate the shift of the world's economies to a greener future. But what is in the deal, known as the 'Glasgow Climate Pact', and what does it mean for pension schemes? Read also One-third of UK pension schemes...

November 19, 2021
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19Nov

México. Afores podrán ahorrar 9 mil mdp en 2022: Consar

A partir del próximo año se generarán ahorros por 9 mil millones de pesos en favor de las Administradoras de Fondos para el Retiro (Afores) a través de hacer menos oneroso el gasto regulatorio, el comercial, y liberando reservas de capital, con el fin de disminuir el impacto por la baja de comisiones, señaló Iván Pliego Moreno, presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). “Todo apunta al mismo objetivo, hacer más eficiente al Sistema,...

November 19, 2021
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19Nov

US. For a workforce in flux, retirement plans and benefit options may be increasingly important

The tight labor market shows no signs of easing in the coming year, likely making benefits and retirement plan options an important part of employee recruitment and retention. “This open enrollment season is an important time for employers to get the pulse of their workforce and staffing needs as they face another year of competition for talent,” said Sri Reddy, senior vice president of retirement and income solutions for Principal Financial Group. Principal asked retirement plan participants and plan sponsors about...

November 19, 2021
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No más AFP, Fondo E sin pérdida y Pensión Universal: ¿Qué proponen los presidenciables en pensiones?
19Nov

Chile. No más AFP, Fondo E sin pérdida y Pensión Universal: ¿Qué proponen los presidenciables en pensiones?

Cuatro de los siete aspirantes a La Moneda pretenden terminar con el sistema de las AFP y pasar a un modelo de carácter público. Dentro de las propuestas que generan más consenso, destacan aumentar la cotización —con cargo al empleador— y avanzar en una Pensión Básica Universal. Algunas ideas que llaman la atención son crear un Fondo E sin pérdidas y disponer de cierto monto de los ahorros previsionales para completar el pie necesario para adquirir una primera vivienda. El...

November 19, 2021
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18Nov

Comisión mixta por cuarto retiro: Rechazó votar hasta total despacho y definió nueve puntos de conflictos

Este miércoles se conformó la comisión mixta para resolver las discrepancias entre la Cámara de Diputados y el Senado sobre el proyecto de cuarto retiro del 10% de los fondos previsionales, luego que la Sala de esta última entidad rechazara la idea de legislar la iniciativa. Pasadas las 10:00 horas se constituyó la instancia y los parlamentarios eligieron como presidente al senador independiente Pedro Araya. Sin embargo, uno de los temas que marcó la jornada fue la discusión entre quienes preferían votar la...

November 18, 2021
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18Nov

Mexico. Pensions will consume 16.5% of the federal budget next year

About one-sixth of the 2022 federal budget will be used to pay pensions as a record 1.17 trillion pesos (US $56.6 billion) will end up in the pockets of retired workers next year. According to the 7-trillion-peso (US $338.8 billion) budget approved in the lower house of Congress last Sunday, the outlay on pensions will increase 6.2% in 2022 and represent 16.5% of the total budget. Read also UK. Could CDC solve the USS crisis? The 1.17 trillion pesos will go to...

November 18, 2021
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18Nov

One-third of UK pension schemes to set climate risk targets

A third of UK pension schemes have set, or are in the process of setting, targets to reduce their exposure to climate-related risks, but a similar proportion do not plan on doing so themselves. That is according to a new report from the Association of Consulting Actuaries (ACA), which has identified an emerging division in pension scheme attitudes to climate risk. Although 33% were at least in the process of setting climate risk targets as of July this year, 28% said...

November 18, 2021
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18Nov

US’s shot at a sustainable future

By John D. Vincent The Infrastructure Investment and Jobs Act recently passed by Congress and signed into law by President Joe Biden on Nov. 15 will help to fuel America's economy for the next decade, driving sustainable and innovative growth across multiple regions and sectors. It is less ambitious and more focused than first envisioned but, under the bipartisan deal, the IIJA will invest approximately $1 trillion in revitalizing America's transportation, energy infrastructure, clean water infrastructure and broadband, among other priorities....

November 18, 2021
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17Nov

La sostenibilidad y el nuevo marco institucional y regulatorio de las finanzas sostenibles

Por José María López Jiménez & Arturo Zamarriego Muñoz La presente obra colectiva tiene por objeto analizar el marco institucional y regulatorio que permitirá en los próximos años, con el horizonte de 2030, la plena implantación del nuevo paradigma de las finanzas sostenibles. En especial, se presta atención al nuevo marco normativo de la Unión Europea, y a su impacto en el sector financiero, tanto por parte de la oferta de servicios como por la de la demanda. consigue el libro...

November 17, 2021
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