November 2021

Chile. Goic y rechazo al cuarto retiro: Tenemos el derecho a disentir

La senadora DC pidió a los parlamentarios hablar con la verdad sobre las consecuencias del proyecto. La iniciativa fue rechazada por un solo voto y deberá seguir su tramitación en una comisión mixta. Ante las críticas por su rechazo al proyecto del cuarto retiro de los fondos de pensiones, la senadora Carolina Goic (DC) aseguró que hay derecho "a disentir" y llamó a los impulsores de la iniciativa a hablarle con la verdad a la gente y reconocer que habrá consecuencias...

US. House committee advances bipartisan retirement security bill

The House Committee on Education and Labor approved a bipartisan retirement security bill Wednesday in a voice vote. The Retirement Improvement and Savings Enhancement Act, or RISE Act, includes several ideas that have been introduced as stand-alone bills and as parts of larger retirement security bills, including the creation of a national online lost-and-found database for retirement accounts at the Department of Labor and enabling 403(b) plans to participate in multiple employer plans and pooled employer plans. Read also US. Newly...

UK. Huge increase in pension schemes with over £1bn

There has been a 90% increase in the number of UK pension schemes with over £1bn in assets since 2013, research by Barnett Waddingham has uncovered. In a report published today, the researchers also reveal how 55% of pensions schemes studied were closed to accrual this year, up from just 15% eight years ago. Expansion of pension scheme assets has meant more significant challenges for trustees and employers at a time when there’s about to be a step change in regulatory...

Ghana. Employers must pay pension contributions of casual workers – TDCL

Tema District Council of Labour (TDCL) has called on the National Pensions Regulatory Authority (NPRA) to ensure that employers enrol their casual workers on pension schemes. Mr Emmanuel Addo-Kumi, Vice Chairman Tema District Council of Labour, told the Ghana News Agency that even though laws were covering the payment of pension for workers, some companies did not do so, especially for their casual workers. Mr Addo-Kumi said, “the casual workers are complaining, some companies don’t pay which is against the law,...

In the race to a net-zero and inclusive future, Canadian pension funds have a critical role to play – and a new report shows how

In a fast-changing world where global investors are embarking on the largest reallocation of capital in history, pursuing sustainability and inclusivity offers social, environmental, and investment benefits. To seize this unprecedented opportunity, and maintain their tradition of excellence, Canadian pension funds must play a vital role in realizing a sustainable, inclusive future, says a landmark new release. This report emerges from a partnership between The Natural Step Canada, Smart Prosperity Institute, and Corporate Knights, and extensive collaboration with an...

Chile. Senado rechaza cuarto retiro y comisión mixta definirá rayado de cancha tras las elecciones

La Sala del Senado rechazó ayer la idea de legislar el proyecto que faculta un cuarto retiro de ahorros desde las AFP y un segundo anticipo de los fondos de rentas vitalicias. Así, la iniciativa pasó directamente a una comisión mixta, que se conformará luego de las elecciones presidenciales y parlamentarias del 21 de noviembre. Leer también Cuarto retiro de las AFP: PCR positivo de Boric deja en vilo votación del proyecto que se trasladaría al miércoles 10 El resultado fue...

Trabajadores cambiaron de Afore 45% más que el año anterior

De julio a septiembre, alrededor de 880 mil 100 trabajadores cambiaron su Administradora de fondos para el retiro (Afore), lo que representó un aumento anual de 45 por ciento, según datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Afore Coppel fue la administradora que más clientes perdió durante este periodo, al tener que realizar a un total de 226 mil 525 traspasos cedidos. Le siguieron Citibanamex y Azteca, con 179 mil 762 y 137 mil...

Macron: No pension reform in France before elections

In his address to the nation, Emmanuel Macron announced that there would be no pension reform before the end of his current presidential term, effectively abandoning one of his flagship policies, for now at least. Pension reform has long been an objective of Macron’s presidency. The aim was to merge France’s dozens of separate pension systems into one simplified system. Read also Build a Solid Risk Management Road Map Attempts to push the reform through have been met with significant resistance, with...

UK. Advisers could be forced to ask about sustainability

I am writing this piece from the relative comfort of an Avanti train, heading home from Glasgow having recharged my batteries somewhat by listening to some great presentations at COP26. Although I could have seen more of the major announcements had I watched it online, the experience of ‘being there’ was quite something. I particularly enjoyed getting the sense that there are so many of us working on different aspects of the sustainability puzzle. An event organised by Make My Money Matter...

Tech for aging society can be Japan’s ‘advantage’: Google executive

Google Japan aims to focus on developing and offering technology that supports the country's aging society, its top executive said at a Nikkei event on Wednesday. "It is our responsibility to enable elderly people to maintain good health and access necessary information or jobs through our technology," President Shinji Okuyama said at Nikkei's Global Management Forum. Google's Japanese unit hopes to turn the challenge of aging into opportunities. This includes providing digital skill training to seniors, as well as utilizing the...