August 2020

27Aug

European pension funds increasingly take ESG into account – Mercer

An increasing percentage of European pension funds are now taking climate-change risk into account when it comes to investment allocations, with awareness of ESG-related risks also on the rise. Read also Greece. Wave of Pension Applications Swamp Overwhelmed Greek System Consultant Mercer's latest European asset allocation insights survey found that 54% of respondents actively consider the impact of climate change-related risks on their investments, up from 14% in a 2019 survey. Read also UK. Taking action on climate risk: improving...

August 27, 2020
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27Aug

UK ‘lifeboat’ scheme for company pensions at risk

A former minister has warned that the government’s “lifeboat” scheme for company pensions is at risk from a huge wave of corporate defaults which in extreme circumstances could result in a 10% cut to pensioner incomes. Read also UK. Why we’re largely a nation of ‘no clues’ on pensions The Pension Protection Fund is the “insurance policy” for millions of people in final salary-style company pension schemes, promising to pay out if the employer becomes insolvent. It is funded by...

August 27, 2020
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27Aug

South Africa. Govt won’t force pensions to be invested in infrastructure projects, says deputy fin minister

- Government does not intend to force pensions to be invested in certain assets, says Deputy Finance Minister David Masondo. - Amendments to regulation 28 of the Pension Funds Act is purely to broaden the scope of investments trustees of funds can consider, he said. - Masondo says trustees have a fiduciary duty to deliver better returns to members of funds. Government has no intention of forcing pension funds to invest in specified projects or assets which...

August 27, 2020
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27Aug

UK. Taking action on climate risk: improving governance and reporting by occupational pension schemes

This consultation seeks views on policy proposals to require trustees of larger occupational pension schemes and authorised schemes to have effective governance, strategy, risk management and accompanying metrics and targets for the assessment and management of climate risks and opportunities. It also invites responses on proposals to disclose these in line with the recommendations of the international industry-led Task Force on Climate-related Financial Disclosures (TCFD). It is proposed that among the activities required would be calculating the ‘carbon footprint’...

August 27, 2020
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26Aug

La economía española en tiempos de pandemia: Una primera aproximación

por Toni Roldán, Juan Francisco Jimeno, Ángel de la Fuente Moreno Nada volverá a ser igual después de la pandemia, pero ¿podemos aventurar cómo será el mundo post-corona? De la mano de varios expertos, este libro trata de ofrecer una serie de respuestas a los numerosos interrogantes planteados por esta crisis. ¿Qué sabemos de la COVID-19 hasta ahora? ¿Qué pueden enseñarnos sobre el virus otras epidemias pasadas? ¿Qué nos enseña la economía del comportamiento sobre cómo reaccionamos los humanos...

August 26, 2020
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26Aug

El empleo en la era digital: Cómo cambiará nuestro trabajo tras el COVID-19

¿En qué piensan los políticos cuando hablan de crecimiento y creación de trabajo? ¿Cómo pasar de una economía de especulación, deslocalización productiva y guerra a una economía basada en el conocimiento, para procurar un desarrollo global sostenible y humano? A estos interrogantes da respuesta el presente texto en el que un grupo de expertos procedentes de distintas disciplinas, y reunidos bajo el paraguas del colectivo Cibercotizante, nos describe el modo en que la economía digital abre un nuevo modelo...

August 26, 2020
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26Aug

Evolución por sectores de la afiliación, el empleo y ciertas prestaciones durante la crisis del Covid

Por Ángel de la Fuente En esta nota se recogen y organizan algunos datos de afiliación, afectación a ERTEs y prestaciones por desempleo y por cese de actividad durante los últimos meses que pueden ser útiles para analizar la evolución del empleo, de la cobertura de las prestaciones citadas y de su coste, todo ello a nivel de sectores de ...

August 26, 2020
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26Aug

COVID-19 y retiro del 10% desmenuzando la ley de retiro de ahorros previsionales

Por Fernando López Luego de un intenso debate, el 30 de julio se publicó en el Diario Oficial la Ley No 21.248 que permite a los afiliados al sistema de AFP, de manera excepcional, voluntaria y por única vez, retirar hasta el 10 por ciento de los fondos acumulados en su cuenta de capitalización individual de cotizaciones obligatorias. El propósito fue mitigar los efectos sociales derivados de la crisis sanitaria. Este artículo presenta una descripción de los principales elementos...

August 26, 2020
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26Aug

After Private Pensions, Peru’s Congress Turns to Public Funds for COVID-19 Relief

Peru's Congress approved a law on Tuesday that allows citizens to partially draw down their contributions to the state pension fund, a few months after doing the same with the private system and despite fierce opposition from the government. Read also What The Pandemic Has Revealed About Retirement Plans With 106 votes in favor, three against and 15 abstentions, the fractured, opposition-dominated chamber gave the go-ahead for Social Security Office (ONP) affiliates to withdraw up to $4,300 ($1,200) to mitigate...

August 26, 2020
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26Aug

US. A$1.6 Trillion Pension Fund Gap – Is Infrastructure Investment The Answer?

The U.S. is a superpower in the pension fund world, controlling more than 50% of global assets, and yet a recent Financial Times article identified a $1.6 trillion dollar funding gap as a grave threat to the U.S. economy. Read also US. The Future for ESG Investing in Retirement Plans For the last 15 years, as Canadian and Australian pension funds have returned on average nearly 5% per year, and often much more, their U.S. counterparts have averaged returns of...

August 26, 2020
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