March 2021
25Mar

How Much Taxes Will Retirees Owe on Their Retirement Income?

By Anqi Chen, Alicia H. Munnell To evaluate their retirement resources, households approaching retirement will examine their Social Security statements, defined benefit pensions, defined contribution balances, and other financial assets. However, many households may forget that not all of these resources belong to them; they will need to pay some portion to federal and state government in taxes. It is unclear, however, just how large the tax burden is for the typical retired household and for households with different income...

March 25, 2021
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25Mar

Chile. Diputados presentan sexto proyecto para un tercer retiro del 10%

Un grupo de parlamentarios de oposición presentó una reforma constitucional para permitir un tercer retiro de fondos de pensiones. La normativa ingresada es la sexta que va en la misma línea, para un tercer retiro del 10 por ciento de las AFP, aunque esta vez se trata de una modificación que busca evitar el Tribunal Constitucional (TC). La reforma constitucional propone modificar el primer proyecto que fue aprobado por el Congreso a mediados del 2020, cambiando las palabras “excepcionalmente” y...

March 25, 2021
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25Mar

Incremento a pensiones debe ser de la mano de una reforma fiscal

Cualquier asunto pensionario que no venga acompañado del tema hacendario para poder entender cuál será la fuente de ingresos para subsidiar las pensión universal de adultos mayores es una irresponsabilidad, comentó Enrique Díaz Infante, especialista en seguridad social y sector financiero del Centro de Estudios Espinosa Yglesias (CEEY). El especialista, aseguró que sin una reforma fiscal no existirá otra opción más que pasar la tijera al presupuesto en salud, educación o infraestructura como ya ha sucedido en este gobierno encabezado...

March 25, 2021
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25Mar

Nigeria. Workers withdrew N1.01bn pension savings in Q4 2020 –PenCom

The Contributory Pension Scheme (CPS) witnessed the withdrawal of N1.01 billion by 924 workers from the voluntary contributions in their Retirement Savings Accounts (RSAs) with their Pension Fund Administrators (PFAs) in the fourth quarter of 2020. Read also Pensions savings can fund Africa eco-plans The National Pension Commission (PenCom), disclosed this in its 2020 fourth quarter report. Read also Chile begins debate on third pension withdrawal amid second wave of the pandemic According to the guidelines on voluntary contribution under the CPS, PenCom...

March 25, 2021
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25Mar

Fully funded U.S. public pensions not necessary to ensure benefits -study

Most U.S. state and local government pension systems are not facing imminent crisis and do not need to achieve full funding to ensure benefits are paid to retired workers, according to a paper released on Wednesday by the nonprofit public policy Brookings Institution. Retirement plans for state and local government workers have nearly $5 trillion in assets, but would need an additional $4 trillion to meet all of their obligations to current and future retirees, according to the paper. Concerns over...

March 25, 2021
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25Mar

Pensions savings can fund Africa eco-plans

According to the Global Impact Investing Network (GIIN), the fastest-growing and largest category of impact investing assets under management by investment source is from pension funds and insurance companies. Pension funds that are putting money in impact investing are from the developed world and very little is happening in terms of the investments of the African pension funds. In many places, pension funds are riding on DFIs and other fund managers to make investments especially in developing countries including Africa....

March 25, 2021
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24Mar

Chile. Propuesta de la presidenta de la Asociación de AFP genera ruido en el Senado

La propuesta de la nueva presidenta de la Asociación de AFP, Alejandra Cox, quien planteó este lunes la opción de que las personas que tengan menos fondos, puedan retirarlos todos al momento de su jubilación, generó diversas reacciones en senadores del oficialismo y la oposición. La senadora DC Carolina Goic dijo que "la propuesta suena bonita, pero significa fortalecer el actual sistema de AFP. Las AFP se quedan con los cotizantes que no tienen lagunas, que tienen mayores fondos ahorrados,...

March 24, 2021
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24Mar

US. 82% say Covid affected their retirement plans

A year after the Covid-19 pandemic first ravaged the world’s societies and economies, more than 80% of Americans say the events of the past year have affected their retirement plans, according to a new study from Fidelity Investments. One-third of the more than 1,200 financial decision-makers Fidelity surveyed said it would take them two to three years to get back on track due to factors such as job loss or withdrawals from retirement savings, according to Fidelity’s 2021 State of...

March 24, 2021
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24Mar

Cryptocurrency called next great investing opportunity

Cryptocurrency exchange-traded funds are coming to America. While the U.S. Securities and Exchange Commission has yet to weigh in on the March 1 filing from Cboe BZX Exchange to approve listing and trading of the VanEck Bitcoin Trust, the weight of the water behind the regulatory dam appears so great at this point that le deluge is inevitable. Even with cryptocurrency exchange-traded products already available in Europe and Canada, a U.S.-listed product could send a shock wave through the investing world. "It...

March 24, 2021
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24Mar

Australia. Pensions Giant Says Treasury Yields at 3% Will Change Everything

If there’s one core view at the heart of the investment strategy at Australia’s biggest pension fund, it’s that yields still have a long way to rise. The exodus from Treasuries will continue until 10-year yields top out at 3% or so, which would be high enough to imperil economic growth and force the Federal Reserve to respond, according to Carl Astorri, head of asset allocation at AustralianSuper Pty., which manages A$210 billion ($161 billion). He has been further trimming...

March 24, 2021
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