September 2021
24Sep

Uber to pay pensions to all its UK drivers, backdated to 2017

Uber is to pay out millions of pounds in missed pension payments to UK drivers dating back as far as 2017 under a deal with the retirement savings watchdog. The ride hailing company was forced to guarantee its 70,000 UK drivers a minimum hourly wage, holiday pay and pensions in March this year after a landmark supreme court ruling over their employment status. Couriers for the group’s UberEats food delivery service are not included in the deal. On Friday, Uber said...

September 24, 2021
News, Slider, , ,
Read more...
24Sep

Zimbabwe: Nssa to Increase Pension Payouts

National Social Security Authority (NSAA) is set to review pension payouts by between 25 and 30 percent with effect from October 1, 2021, in line with the roadmap of periodic reviews announced by Public Service, Labour and Social Welfare Minister Professor Paul Mavima. The minister made the pledge to periodically review payouts during engagements with pensioners' representatives in the first half of the year. Pensioners under the Pension and Other Benefits Scheme (POBS), had their pay-outs reviewed by 30 percent, subject...

September 24, 2021
News, Slider, ,
Read more...
24Sep

US. New Bill Aims to Solve for the Retirement Plan Coverage Gap

Congressman Jim Himes, D-Connecticut, and Senator Mark Warner, D-Virginia, have introduced the Portable Retirement and Investment Account (PRIA) Act of 2021, designed to provide a retirement savings vehicle to Americans who don’t have access to one. Read also US. Stock Market Helps State Pension Debt Hit 10-Year Low, But Crisis Still Looms Large The legislation would establish a Portable Retirement and Investment Account (PRIA) Fund and a board responsible for establishing regulations for the fund. The bill says the board will...

September 24, 2021
News, Slider, , ,
Read more...
24Sep

Dutch pension funds can retain buffers in new DC system

Dutch pension funds that opt for the so-called flexible arrangement in the new pension system will be allowed to have buffers, according to a revised draft version of the new pension law that’s yet to be discussed in parliament. Under the original version of the law, only pension funds opting for the so-called “solidary pension arrangement” were allowed to retain buffers. This prompted a demand from several company pension funds that prefer the more individual “flexible pension arrangement” to also...

September 24, 2021
News, Slider, , ,
Read more...
23Sep

México. El Infonavit lanza alerta por fraudes; hacen retiros de créditos sin utilizar

A través de llamadas o anuncios en redes sociales, hay quienes ofrecen hacer retiros del crédito del Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Infonavit) que no se ha usado; sin embargo, el director general del organismo federal, Carlos Martínez Velázquez, alertó a los derechohabientes de no caer en este fraude. “Es ilegal cualquier ofrecimiento sobre sacar tu dinero del Infonavit. Es un engaño, no lo hagan. La Ley del Infonavit es muy clara, es parte del...

September 23, 2021
Noticias, , , ,
Read more...
23Sep

Chile. Cuarto retiro 10% AFP: qué pasará ahora tras la votación y próximas noticias

Durante la tarde de este miércoles 22 de septiembre de discutió en la Comisión de Constitución de la Cámara de Diputados el proyecto sobre un Cuarto Retiro del 10% desde las AFP. Durante esta jornada los y las diputadas avanzaron en algunos items, pero no pudieron votar todas las indicaciones. Según comentó el presidente de la instancia legislativa, el diputado socialista Marcos Ilabaca, aún faltan nueve indicaciones por resolver en la comisión, las cuales se zanjarán en una nueva sesión...

September 23, 2021
Noticias, , ,
Read more...
23Sep

República Dominicana. Pleno de la Cámara de Diputados deberá decidir sobre entrega del 30% de fondos de pensiones

Al no lograr ponerse de acuerdo, la comisión especial de la Cámara de Diputados, apoderada del proyecto de ley que busca autorizar el retiro único anticipado y opcional de los afiliados de la seguridad social del 30 por ciento de sus fondos de pensiones, determinó rendir un informe de gestión a fin de que sea el pleno que decida la suerte de esa iniciativa. Leer también República Dominicana. Propone creación del Instituto de Seguridad Social para Trabajadores de la Construcción La...

September 23, 2021
Noticias, ,
Read more...
23Sep

UK. DWP underpaid state pensions to the tune of £1bn

The Department for Work and Pensions (DWP) underpaid 134,000 pensioners in state pension to the tune of £1bn, according to new figures from the National Audit Office (NAO) “Repeated human errors over many years” was cited as the reason for the underpayment. Read also UK. Guy Opperman reappointed as pensions minister The NAO said some level of error in the processing of state pension claims was almost inevitable given “the complex rules and high degree of manual review necessary” when assessing them. Read...

September 23, 2021
News, Slider, ,
Read more...
23Sep

When phased retirement could work out

Retirement doesn’t have to be a drastic cut from a full-time job to no job at all. You may still want to work, just not as much — especially if you aren’t financially ready to retire. The gradual reduction of hours known as “phased retirement” could be the answer, and it can be achieved either through an official policy at your employer or in a more informal fashion. In fact, 45% of U.S. workers envision reducing their work hours in a phased...

September 23, 2021
News, Slider, , , ,
Read more...
23Sep

CDCs could be the new annuities, say regulators

Collective defined contribution schemes could become a popular alternative to annuities if their risks can be contained, according to the Pensions Regulator and Financial Conduct Authority. Speaking at a Work and Pensions Committee hearing this morning, David Fairs, executive director at The Pensions Regulator, said CDC schemes had many advantages over defined contribution schemes and in future could be rolled out to multiple employers and master trusts, hence become the new pension product of choice for many. CDCs are a half-way...

September 23, 2021
News, Slider, , ,
Read more...