March 2021
08Mar

Warning lights flickering for South Africa’s wealthy taxpayers

“We owe a lot of people a lot of money.” That blunt, ominous statement by finance minister Tito Mboweni in his 2021 budget speech shows the deep financial hole the South African economy is really in – and warning lights are starting to flicker for South Africa’s wealthy taxpayers. This is according to Tim Mertens, chairman of Sovereign Trust SA, who said that a key takeaway from the budget was the staggering R213 billion under-collection of tax in 2021 compared to...

March 8, 2021
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08Mar

Jamaica. Ageing women face pension crisis

Kingston vendor Annie Ivey is just two years short of being 80 and has been working her entire life in different low-paying jobs but has never had a pension plan. She has no clue when she will retire. “Anytime mi cyah go nuh more. Mi nuh sick yah now, so me can work,” said Ivey, who has been vending in the Cross Roads Market for more than two decades. Ivey is among thousands of older Jamaican women who are facing the risk...

March 8, 2021
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08Mar

ClearGlass Analytics: UK fintech that aims to disrupt pensions world picks up £2.6M

ClearGlass Analytics, a digital intermediary between asset managers and pension funds, has closed a £2.6 million funding. Who backed ClearGlass? The funding round was backed by VC Lakestar and Outward VC, and several significant angels from both the asset management and pension fund worlds. These include Ruston Smith, a well-known professional pension trustee, Richard Butcher, Chair of the PLSA (UK pension trade body), Chris Wilcox, former Global Head of JP Morgan Asset Management, and his former JP Morgan colleagues Rob O’Rahilly, Sikander...

March 8, 2021
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05Mar

Pensions after the financial and economic crisis: a comparative analysis of recent reforms in Europe

By David Natali This paper sheds light on the initial impact of the economic and financial crisis on pensions policy across Europe, and assesses the first measures proposed and/or introduced in four EU countries. The author argues that while the impact on different pension models naturally varies, some common trends can be identified: short-term measures to grant additional protection for the elderly at risk of poverty, raising of the statutory retirement age, incentives for active ageing. The role of private...

March 5, 2021
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05Mar

Joint Report on Pensions Progress and key challenges in the delivery of adequate and sustainable pensions in Europe

By the Economic Policy Committee (Ageing Working Group), the Social Protection Committee (Indicators Sub-Group) and the Commission services (DG for Economic and Financial Affairs and DG Employment, Social Affairs and Equal Opportunities) Ensuring that public policies cater for sustainable, accessible and adequate retirement incomes now and in the future remains a priority for the EU. While Member States share similar fundamental challenges there are considerable differences in the timing of demographic ageing, the design of pension arrangements, the growth potential...

March 5, 2021
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05Mar

Society, Economy and Development During the COVID-19 Pandemic: Lesson for Emerging Economies

By Lovelina Little Flower FX, Sigamani Panneer, Hilaria Soundari, Lekha Bhat, Tresa Sugirtha J, Santhosh JS, Mhadeno Y Humtsoe, Vigneshwaran S A, Jeya Baskaran S and Samuel Paul Raj The unprecedented COVID-19 pandemic impacted with multidimensional crisis has disrupted the functioning of the society, devastated global economy and has debilitated development. The appalling implications varied from country to country depending on their economy, health infrastructure, and socio-political factors. This in turn has also reflected on their responses to the pandemic...

March 5, 2021
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05Mar

Labour Market and Technological Development in Central Asia

By Roman Mogilevskii This paper discusses the current situation in the labour markets of the economies of Central Asia and considers the options available to use labour market policies to support the technological development of these economies. It analyses contemporary issues in the labour markets of these countries including the labour migration, informality, inequality, and financing of pensions through the taxation of labour. The paper provides recommendations for the modification of labour market policies to promote the economic diversification and...

March 5, 2021
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05Mar

What Are the Main Socio-Economic and Behavioral Characteristics That Determine Voluntary Pension Contributions for Self-Employed Workers in Chile?

By Valentina Ciriotto, Camila Cuevas, Francisco Aravena This study contributes to the literature by examining how socio-economic and behavioral characteristics such as neighborhood income inequality and peer effects determine voluntary pension contributions for self-employed workers in Chile. We use a survey representative of the Chilean household sector and we run five different probit regressions to elucidate voluntary contributions to the pension system for self-employed workers. Additionally, we run probit models with a heteroscedastic structure (hetprobit models). The results show that...

March 5, 2021
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05Mar

Los ocho cambios que busca la reforma de pensiones a la industria de las AFP de Chile

Las modificaciones que se proponen al sector son varios, entre los que se encuentran las utilidades de las gestoras, las comisiones y los directores Uno de los factores clave en la discusión previsional es el cambio a la industria de las AFP, tema central sobre todo para la oposición. Leer también Chile. Los desconocidos detalles que incorporaron las indicaciones a la reforma previsional sobre el fondo de rezago El anuncio que realizó el Presidente Sebastián Piñera anoche en cadena nacional no trajo...

March 5, 2021
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05Mar

Candidato a la presidencia de Perú promete: Afiliados a las AFP podrán retirar hasta el 100% de sus fondos

El candidato presidencial por Podemos Perú, Daniel Urresti, dijo que, de llegar a la Presidencia de la República, el próximo 28 de julio emitirá un decreto de urgencia que autorizará el retiro de hasta el 100 % de los fondos de las Administradoras de Fondos de Pensiones (AFP) para los afiliados que ya no realicen aportes con fines previsionales. En declaraciones al programa "Habla Candidato", de la Agencia de Noticias Andina y Diario Oficial El Peruano, Urresti dijo que su...

March 5, 2021
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