March 2021
11Mar

Gender Gap in Pension Income: Cross-Country Analysis and Role of Gender AttitudesBy

By Anna Veremchuk The aim of this paper is to study the gender pension gap in Europe based on the newest EU-SILC data from the 2018 wave. The contribution of the paper is twofold. First, it provides evidence on factors shaping the gender pension gap in a large number of EU countries. Second, it analyses the relationship between the pension gap and: (1) the coverage of occupational (second pillar) pensions and (2) gender attitudes. The main factor contributing to gender inequality in pension...

March 11, 2021
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11Mar

Pension Information and Women’s Awareness

By Marta Angelici, Daniela Del Boca, Noemi Oggero, Paola Profeta, Maria Christina Rossi, Claudia Villosio We explore the role of financial and pension information in increasing women’s knowledge and awareness of their future pension status, and consequently, in reducing the gender pension gap. A representative sample of 1249 Italian working women were interviewed to assess their knowledge about pensions and financial issues and about their own savings and personal wealth planned for retirement. The responses showed that their knowledge and...

March 11, 2021
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11Mar

Shoring Up Shortfalls: Women, Retirement and the Growing Gigsupp Economy

By Caroline Bruckner, Jonathan Barry Forman In recent years, high-profile Silicon Valley firms have engineered billion-dollar IPOs through developing online and app-based platforms that connect service providers and sellers with customers and process their payments (the “online platform economy”). Today, millions of Americans earn income using platforms developed by Uber, Etsy, and Airbnb; and research has identified the limitations of existing federal tax rules to facilitate tax compliance of these workers and considered the consequences of their failure to pay...

March 11, 2021
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11Mar

Perú. AFP: Hoy Comisión del Congreso continúa evaluando proyectos que proponen nuevo retiro de fondos de pensiones

Hoy, miércoles 10 de marzo la Comisión de Economía de Congreso vuelve a sesionar para continuar con la evaluación de nuevos proyectos que plantean nuevos retiros de fondos de pensiones de las AFP. Esta programada la exposición de cuatro iniciativas legislativas: - El proyecto de Ley N° 6500/2020-CR, el cual propone que se autorice el retiro del 100% de los fondos de las cuentas de capitalización. Esto esto solo aplicaría para afiliados en situación vulnerable, adultos mayores y personas con discapacidad...

March 11, 2021
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11Mar

Chile. Las AFP reciben instrucciones relacionadas al retiro de fondos por parte de enfermos terminales

La Superintendencia de Pensiones (SP) informó que ofició a los gerentes generales de las siete AFP que operan en Chile, con detalles de la primera etapa de regulación para la implementación de la nueva Ley Nº 21.309 que establece beneficios de pensión para los afiliados y pensionados calificados como enfermos terminales. El regulador emitió instrucciones específicas sobre los procedimientos y los plazos que regirán durante la primera etapa de carácter transitorio de la nueva ley, período que va entre el 1...

March 11, 2021
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11Mar

Colombia. Lecciones y cambios que deja la pandemia en el mundo laboral

La llegada de la pandemia del coronavirus a Colombia obligó a las empresas a migrar sus modelos de trabajo, pasando de un esquema 100% presencial, a uno en el que los empleados comenzaron a trabajar desde casa para proteger su salud frente al covid-19. La pandemia ha dejado importantes cambios y lecciones en materia laboral. Por ejemplo, una de las lecciones más grandes que han aprendido las empresas es la importancia del talento humano dentro de las corporaciones, y el...

March 11, 2021
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11Mar

US. House Passes $1.9 Trillion Covid-19 Stimulus Package; Biden Plans to Sign Friday — Update

The House passed a $1.9 trillion coronavirus-relief bill and sent it to President Biden for his signature, with Democrats muscling an expansive round of new spending and antipoverty measures through Congress just as America begins to emerge from a year of pandemic-related shutdowns. Read also Puerto Rico debt-restructuring plan filed amid criticism The relief bill offers a $1,400 check to many Americans, an extension of a $300 weekly jobless-aid supplement, and a one-year expansion of the child tax credit. It also...

March 11, 2021
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11Mar

Responsible investing in different cultural contexts – Latin America

By Daniela Laurel Last week, we began with an investigation of how different geographies are engaged in Responsible Investment and Sustainable Finance practice. We kicked off with Europe and North America and today we continue with this series, focusing on Latin America before moving on to Africa and then ending with Asia Pacific. Reiterating an earlier caveat, we cannot generalize how an entire nation or population behaves and simply try our best to spot some cultural trends that stand out...

March 11, 2021
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11Mar

OECD countries all guilty of gender pensions gap

Women in OECD countries receive around a quarter less income than men from the pension system. According to the organisation’s research into gender pensions gaps in member countries, women over 65 take 26% less retirement income than their male counterparts. Its report echoes findings by pensions company Scottish Widows earlier this week that younger women could save £100,000 less into their pension than men over the course of their careers. The OECD found that the gap originated for a number of reasons,...

March 11, 2021
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11Mar

India. NPS Scheme: PFRDA empowers National Pension System subscribers by offering this facility – Check benefits

NPS Scheme: The National Pension System (NPS) subscribers have been given Immediate Payment System (IMPS) facility enabling them with an instant money transfer from their bank account to their NPS account. This will help them avail of the benefit of the same day investment provided by the NPS contributions. The functionality of accepting IMPS has been released with effect from 1st March 2021. However, unlike the contributions received through NEFT/RTGS which are returned on the same day in case of...

March 11, 2021
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