January 2020

16Jan

Ghana. Approval for SSNIT pension reforms expected shortly

Discussions and consultations concerning a proposal put forward by the external Actuaries on the Social Security and National Insurance Trust (SSNIT) scheme who recommended a 19.2 percent contribution rate to replace the existing 11 percent rate being implemented are expected to be concluded early this year. The move is part of a number of amendments and reforms that are being considered for implementation in the National Pension Act, 2008 (Act 766) by sector Administrators – National Pension Regulatory Authority...

January 16, 2020
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16Jan

Australia. Superannuation returns hit a six-year high in 2019, but investors warn of a 2020 slowdown

The total size of Australia's superannuation is staggering. Key points: The average super fund returned 15.2 per cent, while the typical balanced fund grew by 13.8 per cent in 2019 Those returns are the best since 2013 Analysts say lower interest rates, partly initiated by Donald Trump's trade war with China, were a major factor in the growth "We've got the equivalent of three football stadiums of $100 bills," the chief executive of the Association of Superannuation Funds of...

January 16, 2020
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16Jan

China’s social insurance system remains stable

China's social insurance system remained stable in 2019, according to the Ministry of Human Resources and Social Security. By the end of 2019, a total of 967 million people were covered by basic old-age insurance, about 205 million were enrolled in unemployment insurance, and around 255 million people held work-related injury insurance. The gross revenue of the three social insurance funds totaled 5.82 trillion yuan (about 844 billion U.S. dollars), and the total expenditures hit 5.41 trillion yuan in...

January 16, 2020
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16Jan

Why we need to scrap jargon to make pensions easier to understand – Ros Altmann

By Ross Altman THE Government has just finished its consultation on the introduction of simpler, standardised annual pension statements. I applaud its aims of helping people understand and engage with their pensions. My response to the consultation supports the simple two-page statement, showing each customer’s pension value, how much they have paid into it, how much has come from their employer and the Government, what charges they pay and how much their pension may be worth in future (using standard...

January 16, 2020
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15Jan

La seguridad social en México: otro nudo en la precariedad laboral

Por Pedro García Caudillo,, Julián Paz Calderón, La seguridad social en México ha transitado por tres fases durante el siglo XX e inicios del XXI: seguro social, seguridad social, protección social —como ha sucedido en otras economías del contexto internacional—. Actualmente ese sistema enfrenta fuertes retos frente a un cambio demográfico con una tendencia de la población joven que disminuye ante un crecimiento de la población adulta que se acelerará en las próximas décadas. Esta situación no es exclusiva de...

January 15, 2020
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15Jan

Perspectivas económicas de América Latina 2019 : Desarrollo en Transición

Por OCDE, Banco de desarrollo de america latina, CEPAL, Comisión Europea Perspectivas económicas de América Latina 2019 presenta una nueva estrategia llamada “Desarrollo en transición” (DiT, por sus siglas en inglés), para apoyar el avance de América Latina y el Caribe (ALC) hacia un desarrollo incluyente y sostenible. Ello representa la oportunidad de avanzar hacia los objetivos de la Agenda 2030 para el Desarrollo Sostenible (Agenda 2030) al repensar el concepto de desarrollo, las estrategias que los países deben...

January 15, 2020
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15Jan

Una prosperidad compartida: Transformando la seguridad social en México para crecer con equidad

Por Levy Algazi, Santiago El principal obstáculo que enfrenta México para crecer con equidad es una seguridad social disfuncional: protege mal a la población contra riesgos, redistribuye poco hacia las familias de bajos ingresos, y fomenta la informalidad y castiga el crecimiento y los empleos productivos. A partir de una visión integral, se proponen reformas en salud, guarderías, pensiones, protección contra el despido, y recaudación para: mejorar la calidad y ampliar la cobertura, promover la formalidad y el crecimiento,...

January 15, 2020
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15Jan

Productividad y pensiones

Por Angel de la Fuente La productividad es uno de los factores clave para la sostenibilidad y suficiencia de los sistemas públicos de pensiones. En un sistema contributivo y de reparto como el español, la pensión viene a ser una media de los salarios percibidos por el trabajador durante buena parte de su carrera laboral y los ingresos del sistema de pensiones en cada momento dependen de la masa salarial agregada. Puesto que en una economía de mercado los...

January 15, 2020
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15Jan

BlackRock CEO Larry Fink puts climate change at center of megafund’s investment strategy

BlackRock Inc. will ditch investments with high sustainability-related risk as climate concerns drive a sweeping change in the way the world’s largest asset manager invests its $7 trillion in assets. “Climate change has become a defining factor in companies’ long-term prospects,” Chief Executive Officer Larry Fink wrote in his annual letter to corporate executives on Tuesday. “Awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance.” Fink is tackling the subject...

January 15, 2020
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15Jan

Spanish Government Gives Green Light To 0.9% Pension Increase

The first ministers cabinet meeting in Spain on Tuesday approved the rise in pensions by 0.9%. The increase will be applied retroactively from January 1 and will affect and will affect more than 10 million Spaniards, both contributory and non-contributory and passive class pensions. Read Also United Arab Emirates: The Introduction Of The DIFC Employee Workplace Savings Plan And Other Qualifying Schemes The 0.9% rise coincides with the average CPI estimate. If prices rise above that figure, the Government will compensate...

January 15, 2020
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