admin, Author at Pension Policy International

24SepSeptember 24, 2020

It’s too early to panic over plans for South African pensions: asset managers

The topic of South African pensions was raised again this week after the Democratic Alliance (DA) called for comment on its proposed Private Member’s Bill to amend the Pension Funds Act. The party wants to amend the Act to enable pension fund members to access a percentage of their pension fund before retirement as a guarantee for a loan. This will help alleviate financial pressure during an emergency such as the coronavirus pandemic or any other emergency similar to...

September 24, 2020

News, Slider2020, Pension Management, South Africa

24SepSeptember 24, 2020

Romania MPs Undermine Austerity Drive With Huge Pension Hike

Romania’s parliament on Tuesday dealt a major blow to the centre-right government’s push to keep the public finances in order by amending the budget to raise pensions by a whopping 40 per cent, instead of 14 per cent, as the original legislation envisioned. Increasing pensions by 40 per cent is an old promise of the opposition Social Democratic Party, PSD, which has the largest number of seats in parliament and tabled the amendment. Besides the PSD, which made...

September 24, 2020

News, Slider2020, Estate Pensions, Romania

23SepSeptember 23, 2020

EU financial regulators asses risks to the financial sector after the outbreak of COVID-19 and call for enhanced cooperation

The impact of the crisis on EU banks’ asset quality is a key concern as significant uncertainty about the timing and size of a recovery persists. The ESAs see a risk of decoupling of financial market performance from the underlying economic activity, and , a prolonged lower for longer interest rate environment which is expected to weigh on the profitability and solvency of financial institutions, as well as contributing to the build-up of valuation risks. Directly following the COVID-19...

September 23, 2020

News, Slider2020, Europe, Regulation, Risk

23SepSeptember 23, 2020

UK. Pension funds should allocate towards infrastructure and growth assets as government bonds now provide “return-free risk”, says Baroness Altmann

Former pensions minister and peer of the House of Lords, Baroness Ros Altmann is a well-known economist and campaigner. Her work has included leading a lobby that secured millions of pounds in compensation for the retirees of the UK’s former nationalised steel industry, who faced losing their entire state pensions. Read also UK. Platform giants join firms in pension switching call Speaking at the World Pensions Council’s virtual conference, the G7 Pensions Investment Summit, Altmann said that pension funds must...

September 23, 2020

News, Slider2020, Investment, Pension Management, UK

23SepSeptember 23, 2020

JPMorgan-backed Brazil fintech plans to expand in U.S., Mexico

FitBank Pagamentos Eletronicos SA, a Brazilian fintech backed by JPMorgan Chase, plans to open a U.S. office in the first half of 2021. The payment-services firm, which has more than 100 clients in Brazil, is also expecting to start operations in Mexico, Peru and Colombia sometime next year, according to Chief Executive Otavio Farah. Payment technology “doesn’t vary much from nation to nation,” Farah said in a virtual interview from FitBank’s office in Sao Paulo. “We can really go...

September 23, 2020

News, Slider2020, Fintech

23SepSeptember 23, 2020

Switzerland. Credit Suisse pension study 2020: Early retirement – the path is becoming more difficult

Many Swiss citizens want to retire early - and around half of them actually manage to do so. Early retirement is particularly widespread among single people, people with higher incomes, and people living in French-speaking Switzerland. Credit Suisse economists have calculated the financial shortfalls associated with early retirement: For people in the middle-income bracket, drawing the AHV pension and employee benefits insurance pension two years early results in a reduction in income of approximately 14% over the course of...

September 23, 2020

News, SliderRetirement Age, Switzerland

22SepSeptember 22, 2020

La perspectiva de la digitalización de la banca española: riesgos y oportunidades

Por Carolina Toloba y José Miguel del Río La rápida evolución de la tecnología, las expectativas de los clientes digitales y la aparición de nuevos competidores han supuesto un incentivo para que las entidades bancarias1 se replanteen sus modelos de negocio y mejoren sus procesos internos. En un entorno de bajos tipos de interés y reducción de márgenes, los bancos buscan nuevas fuentes de ingresos y centran su estrategia en el cliente, ofreciéndole productos y servicios que mejoren...

September 22, 2020

Libros, Sostenibilidad del SistemaEspaña, Inclusión Financiera, Servicios financieros digitales

22SepSeptember 22, 2020

Ocupaciones emergentes en la economía digital y su regulación en México

Por Graciela Bensusán El propósito del documento es analizar las formas de intervención estatal capaces de asegurar en México el acceso a derechos laborales en las ocupaciones emergentes en la economía digital, a la luz de la experiencia de otros países donde el debate y los esfuerzos de protección se han adelantado. Se analizan distintas vías de regulación (legislativa, judicial y administrativa) así como las normas fiscales y administrativas aplicables a las plataformas que operan en México. Para conocer...

September 22, 2020

Libros, Mercado Laboral, Sostenibilidad del Sistema2020, Inclusión Financiera, Mexico, Servicios financieros digitales, Tecnología

22SepSeptember 22, 2020

Ahorro para el retiro diferenciado por género ante modificaciones paramétricas

Por Quetzalli Atlatenco Ibarra, María Teresa De la Garza Carranza, Salvador Hernández González El financiamiento y el cálculo de las pensiones provisionales de la mayoría de los sistemas de seguridad social en México corresponden a un modelo de contribución definida y capitalización individual. Por tanto, a través de una cuenta individual de ahorro para el retiro se transfieren todos los riesgos al trabajador. Es este quien deberá asumir las consecuencias de bajos rendimientos, altas comisiones, incremento de la...

September 22, 2020

Ahorro, Artículos, Diseño de Pensiones2020, Brecha de Género, Mexico

22SepSeptember 22, 2020

La relevancia de las elasticidades de mercado ante el proyecto de reforma a los seguros de retiro, cesantía en edad avanzada y vejez

Por José Manuel Velderrain Sáenz El Gobierno Federal ha anunciado que presentará una iniciativa de reforma a la Ley del Seguro Social (LSS), para fortalecer el sistema de pensiones en México. Se busca, particularmente, reformar los seguros de retiro, cesantía en edad avanzada y vejez (RCV), a los que aportan, de manera tripartita, el Estado, las empresas y los trabajadores. Con el fin de mejorar la calidad de vida de los trabajadores pensionados, se proponen tres acciones principales: el aumento...

September 22, 2020

Artículos, Diseño de Pensiones2020, Ahorro, Contribución Definida, Mexico, Suficiencia

September 2020