May 2021

México. Pese a crisis, los retiros de Afore no han alcanzado niveles tan altos como en otros países de América Latina

Pese a la crisis económica, a diferencia de otras naciones de América Latina, en México no se registró el retiro masivo del ahorro para el retiro de los trabajadores, indicó Juan Haro, director de fondos de inversión de Fitch. Según datos de la Consar, durante la pandemia casi 2 millones de trabajadores que se quedaron sin empleo han retirado recursos por un total de 21 mil 700 millones de pesos, aproximadamente mil millones de dólares Los retiros por desempleo en México...

Canada’s top pension funds boost investments in high-carbon oil sands

Canada's biggest pension managers boosted their investments in the country's major oil sands companies in the first quarter of 2021, raising questions about the funds' recent commitments to greening their portfolios. Read also Pension-Fund Investment in Forestry The cumulative investment by the country's top five pension funds into the U.S.-listed shares of Canada's top four oil sands producers jumped to $2.4 billion in the first quarter of 2021, up 147% from a year ago, a Reuters analysis of U.S. 13-F filings...

UK. Covid fails to inject interest in pensions

The pandemic has failed to spark interest in pensions according to a survey from Canada Life. It reveals that 67% of UK adults have not logged into their pension online in a year. This figure rises to 78% for those aged over 55 while 56% of adults said they haven’t received a pension statement that they read. The research also shows that 16% of those who have not logged into their pension were not interested in doing this. Fifteen percent admitted they did...

India. Demise of govt employees covered under NPS

Central Government employees covered under National Pension System have been given the option under rule 10 of CCS (Implementation of NPS) Rules, 2021, to choose benefits either from old pension schemes or accumulated pension corpus under NPS in the event of their death. The family of a deceased government employee cannot exercise this option. Read also Africa’s Biggest Fund Manager Loses Head of Impact Investing In case, the employees could not furnish the option in this regard, there is a default...

US. One Way To Promote Financial Literacy: Teach How The Scammers Work

In a nation more deeply divided than ever about every conceivable issue, a broad consensus has surprisingly emerged that financial literacy is broadly lacking and the need for a financial education for every American is urgent. President Biden recently issued a proclamation deeming April 2021 as National Financial Capability Month. This communication emphasizes the benefits of financial capability, the value of financial literacy, and the importance of access to financial resources. So why is financial literacy attracting such attention? Americans today...

How Regulators Use Sex-Disaggregated Data and RegTech to Enhance Financial Inclusion

By Toronto Centre Financial inclusion of women brings disproportionate benefits to their families and to economic development, yet in many countries an access-to-finance gender gap remains. Sex-disaggregated data (SDD) is key to monitoring and addressing this problem. This study examines the role that financial services regulators can play in efforts to address financial inclusion of women: how they are using, or could use, SDD to enhance women’s access to and use of financial products and services of the right quality that...

Cómo los Reguladores utilizan Datos Desagregados por Sexo y la RegTech para Mejorar la Inclusión Financiera (How Regulators Use Sex-Disaggregated Data and RegTech to Enhance Financial Inclusion)

Por Toronto Centre La inclusión financiera de las mujeres aporta beneficios más que proporcionales a sus familias y al desarrollo económico, pero en muchos países persiste una brecha de género en el acceso al crédito. Los datos desagregados ​​por sexo (DDS) son clave para monitorear y abordar este problema. Este estudio examina el papel que los reguladores de servicios financieros pueden desempeñar en los esfuerzos para abordar la inclusión financiera de las mujeres: cómo están usando, o podrían usar los DDS...

México. Tope a comisiones en afores no cambiará estrategia de inversión: Amafore

Con base en la reforma a la Ley de los Sistemas del Ahorro para el Retiro (SAR), que entró en vigor este año, se aprobó un tope máximo a las comisiones que cobran las administradoras de fondo para retiro (afores) derivado del promedio de los sistemas de ahorro para el retiro de Chile, Colombia y Estados Unidos. Leer también México. Las Afore cierran abril con plusvalías de 72 mil 322 mdp: Consar Por ello, la Asociación Mexicana de Afores (Amafore), a...

Perú. Retiro AFP: Comisión de Economía debate observaciones del Ejecutivo

La Comisión de Economía del Congreso sesiona esta tarde para definir si acepta las observaciones formuladas por el Ejecutivo a la autógrafa de la ley que permite un nuevo retiro de S/ 17,600 soles de los fondos de las AFP, o persiste en la insistencia, con las mismas condiciones en que fue aprobado por el pleno. Leer también Perú. Retiro de fondos AFP: Solicitud para retiro se podrá presentar desde el 27 de mayo La sesión extraordinaria será a partir de...

Special Report: How to Ensure a Smooth Pension Risk Transfer

For employers, the number of reasons they should consider offloading some or all of their pension liabilities from their balance sheets seems to be growing every year. On average, beneficiaries are expected to live longer than they have in the past; generating returns to cover liabilities is becoming more challenging in a low interest rate environment; and premiums for the Pension Benefit Guaranty Corporation (PBGC) keep rising. Already, many plan sponsors are expected to power through deals this year. After...