November 2021

We’re not convinced about the genuineness of the scheme’s implementation — Cocoa farmers to stage demo against cocoa pension scheme

Members of the Ghana National Cocoa Farmers Association have threatened to embark on a massive demonstration against COCOBOD should government go ahead with its plans to implement the cocoa farmers pension scheme under the newly inaugurated board of trustees. According to the Association, they are not convinced of the genuineness and fair implementation of the scheme even though COCOBOD has inaugurated the Board of Trustees of the Cocoa Farmers Pension Scheme. They said their association, together with other cocoa farmer-based associations...

Norway’s largest pension fund divests from 14 arms firms

Norway's largest pension fund said on Thursday that it has divested from 14 nuclear and regular arms-producing companies. Oslo-based KLP said it made the decision after reviewing its ethical criteria on weapons. "This will primarily mean companies that produce certain types of weapons which, by their nature, violate fundamental humanitarian principles,'' the fund said in a statement. "The criterion applies mainly to nuclear weapons and cluster munitions, as well as anti-personnel mines," it said in a statement. Which companies is KLP divesting from? As...

Cuarto retiro de las AFP: PCR positivo de Boric deja en vilo votación del proyecto que se trasladaría al miércoles 10

Pese a que el martes 9 de noviembre, en sesión especial, el Senado sometería a votación el proyecto de cuarto retiro desde las AFP, la situación generada a raíz del PCR positivo del diputado Gabriel Boric podría hacer cambiar el itinerario. Así lo informó la presidenta de la entidad, Ximena Rincón, quien explicó que debido a que la senadora Yasna Provoste es contacto estrecho de Boric, deberá cumplir una cuarentena de siete días, que termina justamente el martes 9, por...

AFP: Congreso trabaja en proyectos de ley que ponen en riesgo el sistema de pensiones

En las últimas semanas el Congreso de la República ha presentado proyectos de ley relacionados al sistema de pensiones que podría poner en riesgo la jubilación de millones de peruanos, según alerta la Asociación de AFP (AAFP). Los proyectos a los que se hace referencia son los presentados por el partido Podemos Perú y la solicitud de Perú Libre el Congreso de actualizar la reforma previsional de pensiones. “En este nuevo Congreso, que solo tiene tres meses de funcionamiento, ya se...

Can ethical investing really help in the fight against climate change?

By Ralph Benson What links climate change, the Black Lives Matter movement and the Facebook whistleblowing controversy? They’re all impossible to ignore when it comes to investing your money ethically. As global leaders and climate activists gather in Glasgow this week for COP26, in the face of the threat of climate catastrophe, the term ‘ethical’ will be bandied about in relation to all topics, from government finances to corporate responsibility. We, as potential pension investors, can play our part in this by...

Germany’s $400 Billion Pension Fund Eyes Capital Markets Boost

Germany’s future government plans to let the country’s pension system invest in the capital markets for the first time in what would be a small revolution in how Europe’s largest economy manages money for its growing ranks of retirees. Negotiators for the Social Democrats, Greens and the market-oriented Free Democrats are seeking to hammer out details that would allow the $400 billion pension system to start investing some of its reserves into stocks and bonds, which would bring it more...

Judge advances Puerto Rico Board’s pension interpretation of bond bill

The Puerto Rico bankruptcy judge approved the Oversight Board’s plan to notify affected parties of its interpretation of the bond law supporting the bankruptcy, allowing the board's motion to move forward with pension changes in the Plan of Adjustment. On Monday the board’s lead attorney told Judge Laura Taylor Swain the current bond adjustment deal would collapse unless she ruled that a recently passed law, which bars pension “cuts,” allows for the board’s planned pension changes. On Tuesday Swain approved the...

Romania labor minister announces pensions increases in January

Romania's Government plans to increase pensions by at least 6% next year while child allowances will go up by 20% from January 1, 2022, the interim labor minister, Raluca Turcan, said on Monday, November 1. "A realistic and sustainable budgetary effort for next year means an increase in allowances by 20% from January 1, so an overall increase in expenses of about RON 350 million per month, in addition to this year's expenditure. Also, pensions will be indexed by at least...

El capital privado y la ESG: del cumplimiento a la creación de valor

Por PWC Las múltiples crisis por las que hemos pasado durante los últimos 18 meses han lanzado un toque de atención al mundo. Si queremos prevenir nuevas pandemias, reducir los riesgos relacionados con el cambio climático, construir una sociedad más equitativa y seguir creciendo tenemos que crear economías más sostenibles. Y las empresas están respondiendo a esta alerta situando a las cuestiones medioambientales, sociales y de gobierno (ESG) como un componente importante de sus decisiones estratégicas. Las compañías reconocen a la...

La economía del cambio climático en América Latina y el Caribe: paradojas y desafíos del desarrollo sostenible

Por NU. CEPAL En los últimos años, América Latina y el Caribe muestra un crecimiento económico importante que ha derivado en una mejora de las condiciones económicas y sociales. Sin embargo, ello ha tenido también efectos colaterales negativos, tales como una mayor contaminación atmosférica en las áreas urbanas y un deterioro importante de diversos activos naturales, como los recursos no renovables, el agua y los bosques. Además, se observan economías y sociedades con una alta vulnerabilidad ante cualquier tipo de...