March 2020

UK. Future renting pensioners could struggle in retirement

By Sophie Smith An increase in renting could see future pensioners struggle to achieve an adequate standard of living, as the number of pensioners renting looks set to double by 2046, the Pensions Policy Institute (PPI) has warned. The PPI published its research paper, To Buy or not to Buy: the Changing Landscape of Housing in Retirement, in conjunction with Scottish Widows, exploring the implications of the changing housing market on future retirement needs. Based on current trends, the report...

Hacia la protección social para todos en Paraguay

Para poder mantener y mejorar los niveles de vida y bienestar, Paraguay tendrá que revisar sus políticas de protección social y transformarlas en un sistema coherente para todos. El presente capítulo analiza la protección social en el país y recomienda políticas a fin de fomentar la coherencia, equidad e integración del sistema. La protección social se fragmenta por la línea de la informalidad, dejando sin protección a algunos segmentos de la sociedad. Los trabajadores asalariados formales están cubiertos por...

Perspectivas económicas mundiales, enero de 2020: crecimiento lento y desafíos normativos

Luego de registrar su peor desempeño desde la crisis financiera internacional, la economía mundial experimentará un ligero repunte, si todo va bien.  Esta lenta recuperación se ve amenazada por otras dos tendencias que despiertan interrogantes sobre el curso del crecimiento económico: el aumento sin precedentes de la deuda a nivel mundial y la prolongada desaceleración del crecimiento de la productividad, que debe recuperarse para mejorar los niveles de vida y contribuir a la erradicación de la pobreza.   Según lo previsto en el informe semestral Perspectivas económicas mundiales del Banco Mundial, este año el crecimiento mundial aumentará un 2,5 %, lo...

Trabajo Informal y el Sistema de Pensiones en Chile

Por Marcela Perticará, Mauricio Tejada El sistema de pensiones en Chile para funcionar adecuadamente requiere en esencia dos elementos básicos: (1) que las Administradores de Fondos de Pensiones (AFPs) obtengan con sus inversiones una rentabilidad “adecuada” para los fondos acumulados  que administran y (2) que los trabajadores generen un flujo continuo de recursos hacia sus cuentas individuales. Respecto del primero, no existe evidencia que los retornos promedio generados hayan sido considerablemente bajos ni existen una varianza sustancial entre los...

Posibles efectos del Coronavirus en la economía mundial

Por Clavellina Miller, José Luis La reciente crisis por la epidemia mundial de coronavirus ocasionará efectos importantes en la economía global durante los primeros trimestres de 2020. Aunque todavía es muy pronto para evaluar los alcances de la enfermedad y sus efectos en la economía, en la presente nota se muestran algunas de las posibles implicaciones y medidas de política que diversos especialistas e instituciones financieras han vertido sobre el tema. Fuente: Biblio Digital

BlackRock Converts Money Market Portfolio to Environmental Fund

BlackRock is converting its BlackRock Money Market Portfolio to the BlackRock Wealth Liquid Environmentally Aware Fund (WeLEAF), which the firm says is the first environmentally aware money market product dedicated for the US wealth market. Read also LGIM to launch its first fossil fuel-free pension fund after pressure “Client interest in our LEAF series has revealed tremendous demand for sustainable liquidity management,” Thomas Callahan, BlackRock’s head of global cash management, said in statement. “WeLEAF was designed to answer...

European regulator calls on insurers for business continuity amidst virus battle

With WHO warning that Europe is the new 'epicentre' of COVID-19 given its surging number of cases and related deaths, insurers there are likely to face progressively more difficult conditions navigating challenging market conditions and in maintaining operations, according to the European Insurance and Occupational Pensions Authority (EIOPA). Read also COVID19 checklist for pension schemes The independent European Union financial regulatory institution said it is monitoring the COVID-19 situation very closely in close communication and cooperation with the other European...

How are Canadian pension plans responding to coronavirus?

Across the country, public pension plans are releasing statements to assure members that their defined benefit pensions are secure and that they’re taking measures to protect the health and safety of their own staff. The Colleges of Applied Arts and Technology pension plan said it regularly tests operations and will continue to make pension payments. “We are well prepared and feel confident your pensions will be paid on time,” it wrote in a statement. “Although our response times to...

UK. History repeats itself with pension reforms

By John Roberts Most aspects of our daily lives are affected by the whims and ambitions of politicians. This has been the case for pension provision right back to the early 20th century and beyond. For the financial services industry and the population as a whole, the effects of political decisions are coming home to roost for the second time in a generation. As part of the self-reliance philosophy – distaste for state provision and the population’s reliance on...

Antigua and Barbuda . COVID-19 puts thousands of pensioners at risk

A turn for the worse in the spread of the novel coronavirus (COVID-19) could be disastrous for thousands of pensioners who depend on the state to survive. “That timeliness of the benefit payment is what will determine the quality of life for an elderly person that is perhaps afflicted by a COVID-19 infection,” said the Executive Director of the Antigua & Barbuda Social Security Board (ABSSB), David Matthias. According to Matthias, 11,288 people over the age of 60 are...