April 2020

02Apr

Dutch pension funds invest in coronavirus bond

Dutch pension funds invested a total €36 million ($38 million) in a new bond aimed at combating the coronavirus pandemic. Pension funds managed by APG and PGGM have invested in the Nordic Investment Bank's €1 billion Response Bond, which matures in April 2023. Proceeds of the bond will finance projects that help to alleviate the social and economic effects of the coronavirus pandemic in NIB's eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. APG has...

April 2, 2020
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02Apr

Useless Retirement Advice And Bad Government Policy In The Time Of COVID-19

By Teresa Ghilarducci The COVID-19 Recession is going to wreak havoc on older workers’ financial future. I am sure it will affect younger people, too, but I'm focusing on the people 50 and up, who will be less likely to get a second chance. Older workers right now face three risks: the risk of working in frontline occupations without sick leave and protective equipment and becoming disabled or worse; the risk of being laid off; and the risk that their carefully...

April 2, 2020
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01Apr

Ciclo económico vital y bonos demográficos en Costa Rica

Por Rosero Bixby Luis,Jiménez Fontana Pamela El presente documento cuenta con 4 grandes secciones: i) Antecedentes. Costa Rica experimenta un acelerado proceso de envejecimiento poblacional. Entre el 2018 y 2080, las personas mayores de 64 años pasarán de representar 8% a un 29% del total de población. Este acelerado proceso de envejecimiento plantea retos en el financiamiento para las finanzas públicas, especialmente para el sector de salud y el sistema de pensiones. ii) Objetivo. En esta investigación se estiman...

April 1, 2020
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01Apr

Retos y perspectivas de los programas de educación previsional en américa latina

Por Dra. Juana Isabel Vera López Los sistemas de pensiones de América Latina presentan como principal problemática la insuficiencia en el monto de las pensiones que recibirán sus afiliados. Aunado a lo anterior, también observan que se requiere brindar mayor información a la población para que conozca la importancia de las pensiones y cuáles son sus opciones para aumentar el saldo de su cuenta individual. Debido a que las aportaciones de los trabajadores a sus cuentas individuales no resultan suficientes...

April 1, 2020
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01Apr

El Producto Paneuropeo de Pensiones Individuales (PEPP) como una experiencia regulatoria interesante para Iberoamérica

Por Tapia Hermida, Alberto J. En este estudio se analiza el Reglamento (UE) 2019/1238 que establece el producto paneuropeo de pensiones individuales (PEPP) en tres apartados: En primer lugar, se exponen los aspectos generales referidos a su forma, su contenido y su aplicación temporal. En el segundo apartado, se examina la estructura del PEPP integrada por sus aspectos objetivos y por los sujetos que intervienen en su desarrollo. El tercer apartado se dedica a analizar el funcionamiento del PEPP...

April 1, 2020
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01Apr

América latina en la encrucijada: la protección social a la vejez en cuestión

Por Nelson Cardozo América latina atraviesa una convulsión social que se manifiesta en protestas y movilizaciones populares. Este año se cierra con una serie de eventos que agitan el tablero político en la región. A la ya crónica crisis venezolana se suman las movilizaciones en Ecuador; el paro general en Colombia, que derivó en un toque de queda; la crisis política en Perú; la liberación de Lula Da Silva en Brasil, que activó a la oposición desde el PT; la...

April 1, 2020
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01Apr

U.S. Pension Funds May Pour $400 Billion Into Stocks, Lifting Virus-Hit Markets: JP Morgan

U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic. Weeks of asset price volatility may have pushed some fund managers to postpone rebalancing portfolios where equity allocations have been knocked out of whack by a sharp decline in stocks, the bank said in a note to investors. The S&P...

April 1, 2020
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01Apr

British Gov’t Delays Levy Hike On Pension Schemes

Pensions schemes will not have to face a planned 10% hike on their general levies due to the financial stress caused by the COVID-19 crisis, the U.K. government has said. The government said Friday that it will hold off on the planned 10% increase on the General Levy on Occupational and Personal Pension schemes, which was scheduled to take effect on April 1. Minister for Pensions and Financial Inclusion Guy Opperman said the government wants to support businesses through...

April 1, 2020
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01Apr

Kenya’s retirement benefits eroded by coronavirus

Pension managers in Kenya project depressed growth of retirees’ funds due to the coronavirus pandemic that has negatively impacted the financial markets. About 17.5 per cent of retirees’ money was invested in quoted securities at the Nairobi Securities Exchange as at December 2019. This amounted to $2.1 billion, up from $1.8 billion in 2018. In its 2019 industry report, the Retirement Benefits Authority (RBA) said: “The growth in the retirement benefits sector is projected to drop in the...

April 1, 2020
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01Apr

United Arab Emirates. Coronavirus: Private companies can postpone pension payments over next three months

The Abu Dhabi Pension Fund on Tuesday announced that private sector companies in the emirate can apply to postpone paying pensions over the next three months. The decision, which was passed by the group’s board of directors, is open to 1,154 private entities that are registered to the fund, with those companies able to submit their application for postponed payments electronically through the fund’s online portal. According to the fund, 8,765 citizens are also registered with the fund. “The...

April 1, 2020
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