October 2021
08Oct

República Dominicana. La baja cobertura en pensiones afecta a los de menos recursos

República Dominicana tiene una de las coberturas contributivas de la seguridad social mas bajas de América Latina, la que en 2017 abarcaba el 38.3% de la Población Económicamente Activa. Leer también Panamá. Diálogo Nacional por la CSS instala mesa plenaria para concluir propuestas Esto la ubica en un octavo lugar entre los 17 países encuestados e inferior a la mínima de 50% de la PEA que recomienda la Organización Internacional del Trabajo (OIT). Leer también República Dominicana. Poder Ejecutivo otorga pensiones especiales...

October 8, 2021
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08Oct

México. Desregulación impulsará a pensiones: Iván Pliego, presidente de la Consar

Iván Pliego Moreno, nuevo presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) busca desregular al sector de pensiones mexicano, con lo que reduciría el costo de operación de las administradoras de ahorro para el retiro (afores). En entrevista, el funcionario público comentó que lo que buscará en su administración será quitar trabas regulatorias a los administradores para que sean más ágiles y puedan reflejarlo en la reducción de comisiones a los afiliados al sistema. El sistema...

October 8, 2021
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08Oct

National pension reform: Why it is imperative in South Africa

When the Department of Social Development (DSD) released its Green Paper on Comprehensive Social Security and Retirement Reforms, the proposal to set up a national pension scheme was swiftly shot down. The Green Paper proposed a National Social Security Fund to which all workers earning over R1,667 a month would contribute. Employers and employees would initially contribute between 8% and 12% of earnings up to a ceiling of R23,000 a month. Such was the force of the opposition that there was...

October 8, 2021
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08Oct

Pension Fund Management Software Market to Witness Huge Growth by 2026: Oracle, Visma, Aquila Software

Advance Market Analytics published a new research publication on “Pension Fund Management Software Market Insights, to 2026” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pension Fund Management Software market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in the study are: Oracle Corporation (United...

October 8, 2021
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08Oct

Australian Pensions See Foreign Currencies as Cushion From Shock

Australia’s pension funds are set to boost foreign currency holdings as an alternative to fixed-interest assets to shore up their portfolios against market shocks. That’s the view of Mark Delaney, the Chief Investment Officer of AustralianSuper Pty, who sees this happening over the next five years amid persistently low yields on government bonds. Given the Australian dollar’s link to demand for commodities and global growth, holding overseas currencies can be a good hedge against market volatility and downturns, he told the...

October 8, 2021
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08Oct

Trans women granted backdated state pension in UK

The Department for Work and Pensions (DWS) has recognised that transgender women in the UK are eligible for backdated state pension. This follows a court ruling which states that a trans person who has had gender reassignment surgery and lived in their acquired gender for a “significant period” must be recognised in their acquired gender for state pension purposes. But the move will only apply to a small number of trans women. The DWP said that only those born between 31 October...

October 8, 2021
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08Oct

2021 End-of-Year Plan Amendment Deadlines and Other Considerations

As the year draws to a close, it is helpful for employers to pause and evaluate employee benefit plan amendment deadlines and other crucial fourth quarter benefit considerations, as described below. Plan Amendment Deadlines Many benefit plan changes must be amended by year end to reflect pandemic relief provisions implemented under the Families First Coronavirus Response Act (FFCRA), the Setting Every Community Up for Retirement Enhancement (SECURE) Act, and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. CAFETERIA PLAN AND FSA...

October 8, 2021
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08Oct

The South African Retirement Reality Report 2020

By 10X Investment Even before Covid-19 and the associated lockdown, many South Africans, including many thousands of pensioners, were in crisis. The global pandemic has magnified many vulnerabilities in our society. It is in this context that 10X Investments launches the third annual report on retirement readiness in South Africa. The inaugural Retirement Reality Report, published in 2018, set out to interrogate the developing retirement crisis and its underlying causes based on the results of our Retirement Reality survey. The report...

October 8, 2021
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08Oct

Social Security Programs and Retirement around the World: Reforms and Retirement Incentives

By Axel Börsch-Supan & Courtney Coile This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the last two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have increased dramatically as well. While better health, more education, and changes in labor-supply behavior of married couples may have...

October 8, 2021
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07Oct

Sustainability agreements and antitrust – three criteria to distinguish beneficial cooperation from greenwashing

By Maurits Dolmans This paper discusses European competition law as it applies to agreements between market players to reduce, eliminate, or compensate for greenhouse gas emissions. It places these in an economic context, discusses the relevant provisions of the European treaties and applicable case law of the European Court of Justice. It identifies three broad criteria for the non-application of the prohibition of restrictive agreements, or exemption, to sustainability agreements. Source: SSRN 535 views

October 7, 2021
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