July 2020

08Jul

Los retos de las pensiones en el mundo de la tercera edad

Por Adair Turner Las pensiones ocupan un lugar destacado en las políticas de muchos países desarrollados y, cada vez más, en las de los países en desarrollo, debido a los retos que los cambios demográficos plantean en los sistemas de pensiones, en régimen de reparto o en régimen de capitalización. Aunque las tendencias generales de estos cambios son comunes, la naturaleza de dichos retos en cada país difiere en dos aspectos: la intensidad del cambio demográfico y los sistemas...

July 8, 2020
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08Jul

Coronavirus Risks Manageable for Canadian Pension Funds

The 11 largest pension funds in Canada, which managed CAD1.7 trillion of net assets at year-end 2019, are expected to withstand market downturns within their respective ratings given their long-term investment horizons, ability to adjust contribution rates and the captive nature of inflows, Fitch Ratings says. However, near-term valuations and returns are expected to be pressured from the economic fallout of the coronavirus pandemic, given the breadth and global nature of its impact. Fund performance will depend on asset...

July 8, 2020
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08Jul

Norwegian Government Pension Fund: exclude nuclear weapons producers from investments

The ethical committee of the Norwegian Government Pension Fund recommended this week to include significant policy improvements on issues that PAX has advocated for, including nuclear weapons, lethal autonomous weapons and controversial arms trade. In brief, it builds the norm against weapons causing indiscriminate harm and against the controversial arms trade. Read also Banks and pension funds among investors bankrolling meat and dairy The Norwegian Government Pension Fund Global invests oil revenues on behalf of all Norwegians and is the...

July 8, 2020
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08Jul

Covid-19: Don’t Mess With My Retirement

We’ve heard a lot lately about how the Covid-19 pandemic is dramatically disrupting the retirement preparations of tens of millions of working Americans. Being furloughed from work or having your small business fail is causing people to dip into savings and interrupts putting money aside toward retirement. Those closest to retiring can be in the biggest bind, and many are choosing to delay retirement to fill their growing financial gap. But how is the pandemic affecting folks who are...

July 8, 2020
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08Jul

Pakistan caps pensions and salaries on brink of Covid-19 financial collapse

Pakistan’s financial woes are going from bad to worse as the national fiscal deficit surges to over 7% of gross domestic product (GDP) and could breach 9-10% as state revenues dry up amid Covid-19 economic devastation. That’s raising questions among analysts and business executives of whether the country is headed towards a budgetary blowout-induced financial collapse. Approved by the National Assembly on June 29, Pakistan’s 2020-21 budget is notable for a 3.4 trillion rupees (US$20.7 billion) fiscal gap that...

July 8, 2020
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08Jul

Does early access to pension funds improve health?

In a recent study from Singapore, early access to pension wealth was associated with improved health status. The findings are published in Economic Inquiry. Singapore has a unique policy that allows individuals to withdraw a proportion of their pension savings after their 55th birthday, which relaxes individuals' borrowing constraints. To examine its health impacts, investigators analyzed monthly survey data from 2015 to 2019, comparing individuals' self-reported health status before and after their 55th birthday. The results indicated that early...

July 8, 2020
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07Jul

Chile. Retiro de fondos AFP: ¿cuándo se vota y qué se necesita para aprobar el proyecto?

Este 6 de julio, la Comisión de Constitución de la Cámara de Diputados aprobó la idea de legislar en torno al retiro del 10 por ciento de los fondos de pensiones en las AFP durante el estado de excepción constitucional. Fue el primer gran paso que dio esta iniciativa, que seguirá su camino en las próximas horas. ¿Qué debe ocurrir ahora para que siga avanzando? Aquí lo explicamos. ¿Cuándo se vota la propuesta en la Cámara de...

July 7, 2020
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07Jul

México. Instituto Nacional de Pensiones, punto de acuerdo para una reforma

Uno de los puntos en los que coinciden la mayoría de las propuestas que se han hecho para la reforma en pensiones, es la creación de un instituto nacional que pueda ordenar, administrar y regular los 3,000 esquemas de retiro que hay en el país, indicó Ana María Montes, directora de la consultora actuarial Lockton México. Actualmente existen dependencias como la Secretaría de Hacienda y Crédito Público (SHCP) que cuenta con la Unidad de Seguros Pensiones y Seguridad Social,...

July 7, 2020
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07Jul

Fondos de pensiones: 6 de cada 10 peruanos no aportan para una pensión en la vejez

El 58% de peruanos asegura no estar afiliado a ninguno de los sistema de pensiones existentes en el país, según una encuesta de Ipsos Perú. Es decir, casi seis de cada 10 peruanos no aporta a la AFP ni a la ONP. De este grupo de ciudadanos que no obtendría una pensión al jubilarse, el 51% son de Lima y el 64% corresponden al interior del país. Del total de encuestados un 28% se encuentra en el Sistema Privado...

July 7, 2020
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07Jul

US. Public Pensions and the COVID-19 Fiscal Dilemma

We've just passed an annual day of reckoning in public finance: Most states and many local governments close their books for the fiscal year on June 30, and public pension funds typically report their quarterly portfolio balances shortly thereafter. With the Senate still dithering over federal stimulus aid to state and local governments, after its majority leader suggested that state bankruptcies would be a better solution and that it's all the fault of public pensions, it's time to reality-check...

July 7, 2020
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