October 2021

República Dominicana. Poder Ejecutivo otorga pensiones especiales a 171 profesionales agropecuarios

El Poder Ejecutivo emitió el decreto 621-21, mediante el cual otorga pensiones especiales del Estado dominicano a 171 profesionales agropecuarios. El decreto, de fecha de este domingo 3 de octubre del 2021, otorga pensiones por montos desde 10 mil pesos, la más baja, hasta 75 mil pesos, la más alta. La disposición presidencial indica además que quienes ya se encuentren disfrutando de una pensión pueden optar por la que más le convenga. El decreto establece que el pago de las pensiones, con...

BID mejora situación financiera de conductores de transporte

El Banco Interamericano de Desarrollo (BID), BID Lab, y Beat, la aplicación de transporte privado de más rápido crecimiento en América Latina, anuncian formalmente su alianza para promover y facilitar el acceso a mecanismos de ahorro voluntario para trabajadores independientes en cuatro países de América Latina. Vea más sobre Empresas. Desde el pasado mes de marzo, el Banco Interamericano de Desarrollo, BID Lab y Beat trabajan de manera conjunta para delinear nuevas formas a través de las cuales la tecnología...

Chile. Boric por propuesta de Sichel de retirar 100% de fondos AFP: “Es tremendamente irresponsable”

El abanderado presidencial de Apruebo Dignidad, Gabriel Boric abordó el debate de las pensiones y apuntó directamente a su contrincante, Sebastián Sichel, por una propuesta que le valió más de una crítica —y en su propio sector— al abanderado de Chile Podemos +. Boric, que adelantó que "no están los votos para aprobar cuarto retiro en el Senado" y que respaldará ley corta de pensiones del Gobierno, señalo al programa Mesa Central de Canal 13, que "lo importante es que...

How Technology Can Save the Global Pensions Industry

Technology continues to progress and change almost every aspect of our modern lives. The pensions industry has been subject to a great deal of change due to technological innovations. Interactive portals, modelling tools and blockchain technology mean that pension funds have an overwhelming variety of technology at their disposal. This has allowed individuals a greater level of control and overview of their pensions than ever before. Since technological advancement is showing no signs of slowing down, understanding its impact on...

Many Americans are facing a retirement savings shortfall

A new survey says 40% of Americans actually fear retirement more than death. The study found 87% of people fear not having enough income in retirement. The second biggest fear is losing health insurance. A variety of factors are influencing these fears. Many Americans are facing retirement savings shortfall and more than half worry about the future of social security. When deciding to retire, one of the biggest factors to consider is if you have enough money saved. To sustain...

Ireland. Call for measures to end pensions ‘discrimination’ against private sector

Small business lobby Isme and Brokers Ireland, which represents financial advisers, have called on the Government to increase financial support for private pensions. The groups have written to Ministers outlining measures that, it says, would remove “pensions discrimination against the self-employed and private sector workers”. “The gold-plated pensions available to our politicians and our public servants are simply not affordable for workers in the private sector,” Isme said as they presented what they call a pensions “white paper”, drawn up in...

UK’s ABI urges tax reform

The Association of British Insurers (ABI) has detailed a five-point plan in a new budget submission setting out how the insurance industry can work constructively with the UK government. It says freezing the rate of Insurance Premium Tax, maintaining adequate investment in flood defence infrastructure and simplifying pensions tax relief to encourage greater savings would lay good foundations for the UK’s recovery from COVID, and enable the insurance sector to play its fullest part in support. ABI Director General Huw Evans says...

Nigeria. Will the pension industry attain full potential?

Yes, when necessary measures are put in place and the right steps taken, argues Paddy Ezeala The inflation rate is still in double digits; way above 17%. Combined with the continued nosedive of the naira, investors are their wits’ end as to how to navigate the situation. This is not the best of times globally. Most economic indices are pointing downwards in the face of a protracted global Covid-19 pandemic. Great economies are usually those that, among other things, have...

International Day of Older Persons is October 1

On Dec. 14, 1990, the United Nations General Assembly designed Oct. 1 as the International Day of Older Persons. There have been earlier initiatives, such as the Vienna International Plan of Action on Aging, which was adopted in 1982 by the World Assembly on Aging and later that year by the UN General Assembly. In 1991, the United Nations Principles for Older Persons was adopted, followed by the Second World Assembly on Aging adopting the Madrid International Plan of...

Chile. Golpe de knockout al sistema de AFP en Chile

Aunque casi nadie lo dice abiertamente, el destino de las Administradoras de Fondos de Pensiones (AFP) en Chile parecen estar más cerca del fin que de alguna reforma cosmética para adaptarse a las demandas ciudadanas que las pusieron en el centro del Estallido Social iniciado en octubre de 2019 y que se ha traducido en tres retiros —cada uno con un tope del 10 por ciento— del dinero ahorrado para la vejez. Esta semana, con la aprobación en Diputados...