November 2020

Latin America’s leaders will have plenty of headaches

For latin america´s leaders 2021 will be about steering economic recovery while fending off a debt crisis and trying to persuade their citizens that democracy can still deliver results. What are the prospects around the region? With populations ravaged by covid-19 despite long lockdowns, many countries may have some degree of “herd immunity”. But the socio-economic consequences of the pandemic will linger: after economies contracted by 8% or so in 2020, Latin America will have some 40m “new poor”,...

South Africa. GEPF asset market value declines by 11.4% – annual report

Ryk Van Niekerk: The Government Employees Pension Fund, or GEPF, released its annual report yesterday, November 16, 2020. It was for their financial year to the end of March this year. Now the GEPF is a defined-benefit fund, which manages pensions and related benefits on behalf of government employees in South Africa. It was established in 1996, and is the largest pension fund in South Africa and one of the largest in the world. The fund’s asset value stood...

UK. PensionBee mulls float on stock exchange

Pension consolidator PensionBee is seeking to float on the London Stock Trade in a transfer which can see it valued at £300m or extra, based on experiences. In keeping with The Occasions, the digital consolidator is looking for bank advisers for the float and plans to make an appointment earlier than Christmas. Romi Savova, founder and chief govt of PensionBee, advised the paper that robust efficiency in current months had accelerated plans to show PensionBee right into a public...

Pensions Post-Covid

While the UK and much of Europe has re-entered lockdown, the prospect of a coronavirus vaccine and a new President in the White House have boosted investor confidence as well as the value of pension pots linked to the stock market. This year’s events have had a deep impact on household finances in the UK, but have they made permanent changes to retirement plans? The official data paints a mixed picture, and advisers say that while there has been...

Determinantes de la formalización laboral en México en el período 2010-2016

Por Israel Banegas González, Tania Hernández Ortíz, Alejandro Gómez López En el período 2013-2017, México registró un incremento en las inscripciones de seguridad social de 3,02% promedio anual, incremento que pareciera no guardar relación con el bajo crecimiento económico –1,71% promedio anual–. Esto resulta paradójico, toda vez que el crecimiento económico es uno de los principales determinantes de la formalización laboral (Chacaltana, 2016). Sin embargo, a partir de 2012, en México se presentaron cambios institucionales que derivaron de la...

Las prestaciones por vejez del sistema de seguridad social argentino

Por Octavio Bianciotto En el último siglo, la vejez, como contingencia so-cial, ha hecho que los Estados impulsaran una serie de Herra-mientas de Políticas Públicas con el fin de atender las conse-cuencias derivadas de aquella. De este modo, se ha constituido un régimen de prestaciones por vejez para brindar bienestar a la ciudadanía perteneciente a la llamada tercer edad. En este marco, en los últimos años Argentina ha modificado sustan-cialmente la estructura de su Sistema de Seguridad Social adoptando...

Rentas mejoradas como complemento a la pensión pública de jubilación: análisis de su implantación en España

Por Jorge de Andrés Sánchez, Laura González Vila Puchades Las rentas mejoradas son rentas vitalicias inmediatas que, al considerar factores de riesgo de la persona asegurada adicionales a su edad, pueden otorgar un pago periódico superior al de las rentas tradicionales. Dadas las actuales tendencias demográficas y el riesgo de longevidad asociado, las rentas mejoradas, ampliamente introducidas en el Reino Unido, pueden suponer un importante nicho de mercado en aquellos países donde sus niveles de contratación son...

Building Better Retirement Systems in the Wake of the Global Pandemic

By Olivia S. Mitchell In the wake of the global pandemic known as COVID-19, retirees, along with those hoping to retire someday, have been shocked into a new awareness of the need for better risk management tools to handle longevity and aging. This paper offers an assessment of the status quo prior to the spread of the coronavirus, evaluates how retirement systems are faring in the wake of the shock. Next we examine insurance and financial market products that may...

Here Are the World’s Biggest Asset Owners

The top 100 asset owners controlled $20.1 trillion in global assets at the end of 2019 — a 6 percent jump from the year before, according to a new annual ranking. In its annual Top 100 Asset Owners study, published Monday, consultant Willis Towers Watson’s Thinking Ahead Institute reported that by itself, Japan’s Government Pension Investment Fund weighs in at nearly $1.6 trillion in assets. That fund, the government pension system of Norway, and China’s sovereign wealth fund...

Peru prepares for pension fund tender amid political turbulence

Peru’s financial services regulator SBS published rules governing a forthcoming tender for a contract to gain new workers entering the private pension fund, or AFP, system. Bids are due to be presented and opened on December 18, SBS said in a statement. The winning party will accept workers from June 1, 2021 to May 31, 2023. These will remain with the AFP for a minimum of two years. But contributors can, after 180 days, move to a new AFP...