January 2021

Retos y oportunidades del envejecimiento en Chile

Por Ignacio Apella, Truman Packard, Clement Joubert y Melissa Zumaeta urante los últimos 30 años, el país ha experimentado un proceso de rápida convergencia con los estándares de vida de los países de ingresos altos, incorporándose en 2010 al grupo de países miembro de la Organización para la Cooperación y el Desarrollo Económico (OCDE). El PBI real creció a una tasa promedio de 5,1% anual en el período comprendido entre los años 1984 y 2014. La dependencia del desempeño...

Sistemas de protección social en América Latina y el Caribe: México

Por NU. CEPAL. División de Desarrollo Social Este informe forma parte de una serie de estudios de caso nacionales cuyo propósito es difundir el conocimiento sobre la situación actual de los sistemas de protección social en los países de América Latina y el Caribe, así como discutir los principales desafíos en este ámbito en términos de la realización de los derechos económicos y sociales de la población y el logro de los objetivos de desarrollo claves, tales como la...

La Renta Básica Universal: elementos para su conceptualización y distinción de otras figuras

Por Francisco Lozano, Iluminada Ordóñez Casado La renta básica como concepto abstracto para dar solución a los crecientes casos de personas y familias en riesgo de exclusión social o incluso para toda la ciudadanía por el simple hecho de residir en un determinado país, no es un tema que se pueda implementar de forma fácil ya que implica aspectos no sólo sociales sino también económicos, por lo que habría que determinar mecanismos de financiación adecuados. En este trabajo se...

Impacto de la crisis económica por COVID-19 en el sistema de pensiones mexicano y perspectivas ante el proyecto de su reforma

Por Marissa del Rosario Martínez Preece Considerando el actual entorno económico y financiero, el objetivo de este trabajo es determinar los efectos de la crisis económica, provocada por la pandemia de COVID-19, en el riesgo del sistema de pensiones mexicano y su impacto ante la propuesta de reforma del sistema. Para alcanzar este objetivo se analizó el comportamiento del riesgo del sistema a través de su volatilidad condicional, la cual se estimó utilizando modelos de la familia GARCH. Por...

US Pension Spending Supports $1.3 Trillion in Economic Output

While public and private defined benefit (DB) pensions are often criticized by politicians and executives as being too expensive to support, a new report from the National Institute on Retirement Security (NIRS) highlights the major impact pensions have on the US’s economic output. According to the report, private and public sector DB pensions in the US generated $1.3 trillion in total economic output in 2018, supported nearly 7 million US jobs, and added nearly $192 billion to federal, state,...

U.K. corporate funds finish 2020 with increased deficits

The total deficit of U.K. defined benefit funds covered by the Pension Protection Fund's 7800 index increased 9.6% in December, to £86.4 billion ($117.3 billion). The deficit was £78.8 billion at the end of November. Deficits also worsened for the year ended Dec. 31, from £10.9 billion, said an update Tuesday by the London-based PPF. The PPF is the lifeboat fund for the defined benefit plans of insolvent U.K. companies. The funding ratio of the corporate pension plans worsened...

Swiss APK designs new climate strategy for investments

The managing board of Aargauische Pensionskasse (APK), the CHF11.6bn (€10.6bn) Swiss pension fund for the employees of the Aargau canton, has designed a climate strategy to hedge the fund against risks caused by climate change. The climate strategy for the entire equity portfolio kicks in this year. APK will aim to reduce climate risks “efficiently [and] cost-effectively” with a particular focus on equities. The strategy will also include three other additional pillars: commitment to increase dialogue with invested companies,...

European regulators issue Brexit relief for UK pension funds

Four sources say European Union national regulators are allowing banks to continue exempting over-the-counter derivative trades with UK pension funds from mandatory clearing requirements, despite UK funds technically losing the exemption on December 31. “I believe various European banks have had regulatory clearance from their respective regulators to continue trading under this [exemption],” says a senior trader at a UK pension fund. Read more @Risk

Canada Pension Plan Joins BTG in Bid for Brazil Telecom Business

The Canada Pension Plan Investment Board is joining a fund managed by Banco BTG Pactual SA to make a binding offer for the fiber unit of Brazilian telecom carrier Oi SA, according to people familiar with the matter. Read also Pensions and investments could be tapped for £800m in UK’s dormant assets The bid is expected Jan. 22, along with two other binding offers, said the people, who asked not to be identified because the matter is private. Highline do...

Pensions and investments could be tapped for £800m in UK’s dormant assets

Up to £800m in pensions and investments assets could be unlocked following a major expansion of the UK's ‘Dormant Assets Scheme', the government announced this morning. Assets held via vehicles including savings endowments, investment bonds and income drawdown will be made available for a range of UK projects through the scheme. According to governement data, over £745m has already been distributed to a variety of causes using dormant assets held in banks and building societies. A crucial change for...