May 2020

¿Qué está pasando con las jubilaciones en la Argentina?

La movilidad de las prestaciones jubilatorias y el aumento otorgado, un 2,3% más una suma fija de 1500 pesos para todos los beneficiarios, que impacta con diferentes porcentajes según los montos de los haberes que perciben, se encuentra en discusión en estos días. También los regímenes “especiales” de jueces y diplomáticos, con emblemáticas tasas de sustitución del 82%, que han sido modificados recientemente por el congreso, a propuesta del Poder Ejecutivo. Sugiero, como idea preliminar, que tratemos de entender qué es lo...

Top US pension plans eye private credit.

Some of America’s largest pension funds are looking to pour money into private credit to capitalise on dislocations across the market stemming from the coronavirus pandemic. Both the $227bn California State Teachers Retirement System (Calstrs) and the $215bn New York State Common Retirement Fund have identified private credit as an opportunity for investors that have enough liquidity to lend to struggling companies. Meanwhile, data from FT Specialist publication MandateWire shows that numerous other public funds in the US are also looking...

Jamaica. The COVID-19 response: Beyond the crisis

The Government's COVID-19 Economic Recovery Task Force very much duplicates the existing National Partnership Council that had been established to drive Jamaica's economic development long before the advent of the global pandemic. The recovery process will be long and arduous, but the first order of business for Jamaica is to keep the wheels of industry turning, which is the initial focus, I believe, of the task force. Beyond that, the groundwork for a full and sustained recovery has to...

Trouble with pensions is a lack of innovation

By Steve Watson Recent research found that two thirds of employers think that pensions are far too complicated and providers are not innovating enough to offer new and progressive products. The research, which looked at the challenges employees face when it comes to pensions, found that almost 45% of employers felt that ensuring all employees have adequate funds when they retire was a huge challenge. While auto enrolment has made a huge difference to the numbers of employees saving into...

Trouble with pensions is a lack of innovation

By Steve Watson Recent research found that two thirds of employers think that pensions are far too complicated and providers are not innovating enough to offer new and progressive products. The research, which looked at the challenges employees face when it comes to pensions, found that almost 45% of employers felt that ensuring all employees have adequate funds when they retire was a huge challenge. While auto enrolment has made a huge difference to the numbers of employees saving into...

Before And After: FinTech vs. Healthcare Covid-19 Crisis Series

By Stephanie MacConnell for Forbes This is the first in a series of articles comparing the Covid-19 crisis in Healthcare to the financial crisis in 2008 that led to an industry-shaping boom in FinTech. The world before the 2008 financial crisis looked different. Most interaction with a person’s financial institution happened inside of a physical branch and most services for an individual were provided by one bank and perhaps one wealth manager. When banks crumbled and the 401ks of average Americans...

Before And After: FinTech vs. Healthcare Covid-19 Crisis Series

By Stephanie MacConnell for Forbes This is the first in a series of articles comparing the Covid-19 crisis in Healthcare to the financial crisis in 2008 that led to an industry-shaping boom in FinTech. The world before the 2008 financial crisis looked different. Most interaction with a person’s financial institution happened inside of a physical branch and most services for an individual were provided by one bank and perhaps one wealth manager. When banks crumbled and the 401ks of average Americans...

Australia. How financial planning around super will likely change

Financial planning around superannuation may be forced to change as a result of the impact of COVID-19 and the efforts of superannuation funds to increase their cash holdings, according to actuarial research house, Rice Warner. It said superannuation funds are likely to keep high levels of cash well into the future for fear of a repeat of the Government’s COVID-19 hardship early release regime. In an analysis of the impact of COVID-19 on superannuation funds, Rice Warner has pointed to the...

Clearing the Bench: Using Mandatory Retirement to Promote Gender Parity in the U.S. and the EU Judiciaries

By Christine Chambers Goodman Many European Union (“EU”) countries have been particularly adept at implementing antidiscrimination laws that go beyond merely promoting gender diversity, but also toward obtaining gender parity in some areas. These laws, directives, and policies, along with other factors, have expanded the representation of women in the legal profession generally and specifically in the ranks of professional judge positions, such that women constitute a majority, however slight, of judges throughout the EU. On a parallel track,...

Costs and Potential Funding of Expanded Public Pension Coverage in Asia

By Peter Morgan, Long Q. Trinh Public pension burdens in most emerging Asian economies are still relatively small. However, there are a number of reasons to believe that they will increase markedly in the coming years. First, many Asian economies will face rapidly ageing populations, which will raise pension and other old‐age‐related spending dramatically. Second, as economies develop, political pressures to expand the coverage of public pensions and raise pension benefits will likely increase. The first objective of this...