September 2020

30Sep

UK pensions tax relief review deemed ‘unnecessary’

The UK’s Public Accounts Committee (Pac) and National Audit Office (NAO) have taken aim at the government, claiming that HM Revenue & Customs (HMRC) “does not understand the impact of the largest tax reliefs”. Responding to the Pac report on the management of tax reliefs, the government said that a review into the impact of pensions tax relief is not needed, as it has already been assesed through other consultations. These include looking at the administration of...

September 30, 2020
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30Sep

Australia. New report warns JobSeeker is a ’pre-age pension’

JobSeeker payments are becoming the new “pre-age pension” as the number of older Australians signing up for the dole grows, a new report warns. Parliamentary Budget Office analysis reveals the typical welfare recipient is now an older person rather than a younger man. The reports also shows an increasing share of older Australians and women are relying on the payment for longer periods of time. “JobSeeker appears to be functioning as a kind of pre-age pension payment for some...

September 30, 2020
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30Sep

S&P warns Romania planned pension hike could derail economy

S&P Global Ratings warned Romania on Tuesday that a move by parliament to reinstate a massive 40% raise in pensions would prompt a disorderly fiscal correction just as the economy is struggling with the impact of the coronavirus pandemic. Romania's parliament voted this month to raise all state pensions by 40%, undoing a smaller 14% hike by the centrist minority government and opening the way for potential ratings downgrades two months before a parliamentary election. The government, which has...

September 30, 2020
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30Sep

One in five retirees is under 65

More than one in every five pensioners in Greece is under the age of 64, according to the figures of the Helios pensions database for September. The Labor Ministry’s register has 2,486,053 retirees, of whom 559,079 or 22.48% are aged up to 64, thanks to the favorable retirement status granted to them by several social security funds and early retirement opportunities. The figures also showed that the average monthly main pension in Greece this month amounted to 726.70 euros,...

September 30, 2020
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29Sep

Fintech en el mundo. La revolución digital de las finanzas ha llegado a México.

Por Francisco N. González Díaz, Arturo Sojo Quiroz, Cesar Ariel Carrizo, Mariana Victoria, Morales Rodriguez, Neidy Espindola Moreno, Pilar Madrazo, Macarena Banús, Andres Fontano La influencia de los cambios tecnológicos en todas las actividades humanas, así como en los valores de la sociedad, conllevan un desafío para todos los sectores económicos incluyendo las instituciones financieras, como Bancomext. La innovación tecnológica y digital representa para los bancos y, en particular, para la banca de desarrollo, una oportunidad de mejorar la...

September 29, 2020
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29Sep

Protección social en América Latina La desigualdad en el banquillo

Por Ana Sojo La Comisión Económica para América Latina y el Caribe (CEPAL) señaló en el conjunto de documentos que constituyen la “trilogía de la igualdad”1 que, en el complejo y cambiante escenario económico y social actual, América Latina y el Caribe debe reorientar el paradigma del desarrollo para lograr la igualdad y la sostenibilidad ambiental. La igualdad, estructurada a partir de un enfoque de derechos, debe ser el objetivo central y el horizonte del desarrollo, y es crucial...

September 29, 2020
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29Sep

Una estimación del rendimiento financiero del Sistema de Pensiones

Por María Moraga, Roberto Ramos Este artículo estima el rendimiento financiero que proveería el sistema de pensiones español para una muestra de altas de jubilación del año 2017, calculado a partir de la Muestra Continua de Vidas Laborales. Los resultados señalan que el rendimiento real medio anual —entendido como el factor de descuento que iguala el valor presente de las cotizaciones durante la vida laboral y el de la pensión esperada— alcanzaría el 3,5 %, siendo los percentiles 25...

September 29, 2020
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29Sep

Financiarización e inversiones de los fondos de pensiones en la Alianza del Pacífico

Por Steven Pardo López, Claudia Milena Pico Las reformas recientes a las pensiones en América Latina adoptaron un sistema multipilar como respuesta al cambio demográfico y a las necesidades de ahorro. Algunos de estos nuevos esquemas previsionales fortalecieron los sistemas financieros nacionales y acercaron las economías al proceso de financiarización. Este documento caracteriza, desde un enfoque descriptivo, la relación que surge entre los sistemas pensionales con capitalización individual y la financiarización de la economía para el caso de la...

September 29, 2020
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29Sep

U.S. pension funds sue Allianz after $4 bln in coronavirus losses

Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany's Allianz, one of the world's top asset managers, for failing to safeguard their investments during the coronavirus market meltdown. Read also US. Trump Plan Would Restrict Retirement Plans from Sustainable Investments: Viewpoint Market panic around the virus that resulted in billions in losses earlier this year scarred many investors, but no other top-tier asset manager is facing such a large number of lawsuits...

September 29, 2020
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29Sep

Longevity gap: Poverty remains a scourge. India must focus on economy, public health

At 69.4 years, India’s life expectancy has made almost a 20 year leap from 49.7 in 1970-75. While this is no mean feat, the sobering reality is that Japan was here in 1960 and China in 1990. The link between poverty and life expectancy is fairly obvious looking at the India story. People in Delhi, Kerala, Jammu & Kashmir, Himachal Pradesh, Punjab, Maharashtra and Tamil Nadu with lower incidence of extreme poverty live longer than the national average. Poorer...

September 29, 2020
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