December 2020

Ghana: Pres Launches Cocoa Farmers Pension Scheme

A cocoa farmers pension scheme for farmers was yesterday launched here by the President, Nana Addo Dankwa Akufo-Addo. In pursuit of Section 26 of the Ghana Cocoa Board (COCOBOD) Law, 1984 (PNDC L.81), which mandates COCOBOD to establish a contributory insurance for cocoa farmers, the government, in collaboration with COCOBOD and the National Pensions Regulatory Authority (NPRA), set up the scheme. It is open to all cocoa farmers in the country to make contributions toward their retirement while COCOBOD makes...

UK. Majority of employers oppose multiple pensions dashboards

The majority (82 per cent) of employers are opposed to multiple dashboards and dashboards that do not include state pensions, research from the Association of Consulting Actuaries (ACA) has revealed. It also found that less than half of employers have cleaned their data in readiness for pensions dashboards. The ACA's survey revealed "strong support" for elements of the Pension Schemes Bill, although a quarter of employers remain opposed to the regulator's direction of travel. In particular, the research found...

Why economics needs to wake up to ageing populations

Economics generally pays surprisingly little attention to demography, even though the ageing and shrinking of the population in so many parts of the world is a striking and new phenomenon in human history. Take Italy. Last year the country recorded the smallest annual number of births since the Risorgimento of the mid-19th century and nearly a third of its population is over 60. There has been an absolute decline in the number of people in Italy since 2015, even...

Panorama Social de América Latina

Por CEPAL En esta edición del Panorama Social de América Latina se analiza la evolución de la pobreza y pobreza extrema, la desigualdad de ingresos y el gasto social en América Latina. También se aborda el tema de la migración, fenómeno que ha cobrado importancia en la agenda política y social de la región Siguiendo la tendencia al alza que se registra desde 2015 en América Latina, un 30,1% de la población de la región se encontraba bajo la línea de...

Observatorio regional del mercado laboral de Centroamérica y República Dominicana: Un Modelo de Implementación

Por Juan Carlos Obando Montero y Lilliana Rojas Molina El Documento de implementación detalla distintos aspectos y particularidades del Observatorio, donde se aborda su definición y características como un instrumento de investigación y análisis, de carácter transnacional y de servicio público, integrado en una red de observatorios de la región y con una vinculación a los procesos de intermediación, formación e inserción profesional. Asimismo, se contempla un Observatorio relacionado a las administraciones públicas, a los agentes sociales y al...

La seguridad social en la reforma laboral: fomento de la informalidad y desarticulación del derecho de acceso a la justicia

Por María Ascensión Morales Ramírez En las primeras legislaciones en el ámbito de las relaciones laborales, los riesgos de trabajo (accidentes y enfermedades) fueron preocupación exclusiva del derecho del trabajo, al determinar la responsabilidad del empleador, desde dos puntos de vista: el fisiológico (la disminución o pérdida de la aptitud para el trabajo) y el indemnizatorio (pérdida de ingresos). Sin embargo, los riesgos de trabajo y, por ende, sus consecuencias: las incapacidades o la muerte, así como sus reparaciones (prestaciones...

Los modelos de pensiones en América Latina

Por Jorge Tonatiuh Martínez Aviña Para tener una vejez digna son necesarios distintos niveles de seguridad, y uno fundamental es la seguridad económica, la cual implica tener una cantidad constante y suficiente de recursos monetarios para poder adquirir bienes y servicios que permitan a la población, que ya no está laborando, vivir con tranquilidad y con bienestar en la última etapa de vida. No contar con ello pone a los adultos mayores en un contexto de riesgo permanente y de...

Proposed Fee Cap for Mexican Pension System Could Bring Challenges

On Sept. 25, 2020, a Mexican Pension System (SAR) reform bill was submitted to the congress containing enhancements previously proposed by Mexico’s president. The bill also proposes a cap on management fees charged by pension fund managers (Afores) that would reduce annual fees by over 40%. The SAR continues to undergo changes aimed at improving the projected adequacy of pension savings. The target-date fund framework aims to improve investment returns. Contributions would increase to 15% under the current reform...

Europe’s ‘Ambitious Plans’ for ESG Disclosure Rules

New European rules on sustainability disclosure requirements in the financial services sector take effect in March, affecting institutions such as banks, insurance companies, pension funds, and investment firms. And while details of the Sustainable Finance Disclosure Regulation (SFDR) have not been finalized, law firm Akin Gump says the move to increase requirements shows the EU and the UK have “ambitious plans” for improving environmental, social, and governance (ESG) disclosures for financial firms. In 2018, the European Commission established an...

UK. Following Arcadia, Debenhams set to close putting 12,000 jobs at risk

Debenhams stores are set to close after the failure of last-ditch efforts to rescue the ailing store chain. It means all 12,000 employees are likely to lose their jobs when the chain's 124 shops cease trading. The news comes just hours after Topshop owner Arcadia fell into administration, putting 13,000 jobs at risk. Debenhams itself had been in administration since April. Hopes of a rescue were crushed after the last remaining bidder, JD Sports, withdrew. Staff were told the...