December 2019

18Dec

Pension Schemes in EU Show Big Shortfalls in Stress Test

A stress test of pension schemes across the European Union wiped out 270 billion euros ($298 billion) or almost a quarter of investments at funds that took part, the EU's insurance and pensions watchdog said on Tuesday. Many of the schemes were also not considering the impact of environmental, climate and social risks on their investment decisions, the European Insurance and Occupational Pensions Authority (EIOPA) said in a statement. Investments by the tested schemes in shares also showed a...

December 18, 2019
News, Slider, ,
Read more...
18Dec

French government names new pensions boss

The French government has appointed Laurent Pietraszewski to replace former high commissioner on pensions, Jean-Paul Delevoye, who resigned on Monday following a conflict of interest scandal. Pietraszewski, a member of parliament from France’s Nord (North) department and spokesman for the ruling Republic on the Move group in the National Assembly, was named secretary of state to the ministry of social security and health, in charge of pensions, according to a decree published early Wednesday by the government. The new...

December 18, 2019
News, Slider, ,
Read more...
18Dec

UK. Guy Opperman re-appointed as pensions minister

Number 10 and the Department for Work and Pensions have confirmed Guy Opperman has been re-appointed as pensions minister. The MP for Hexham was re-elected with an increased majority of 25,152 in last week’s election. He was first appointed parliamentary under-secretary of state at the DWP on 14 June 2017. He previously served as a government whip (lord commissioner of HM Treasury) from 17 July 2016 to June 2017. In his role as pensions minister, Opperman has urged pension...

December 18, 2019
News, Slider, ,
Read more...
18Dec

How can Israel create an economy fit for an aging population?

The “twin threats” of societal aging and workplace automation pose major challenges to both Israel and economies the world over. An aging population caused by trends of rising life expectancy – predicted to increase to 84.4 years among Israelis by 2040 – and declining birth rates are leading to what has been described as a pensions time bomb, requiring the dedication of unprecedented resources to supporting the retired and elderly. In addition, tasks associated with older workers are also...

December 18, 2019
News, Slider,
Read more...
17Dec

Renuncia el ministro responsable de la reforma de pensiones en Francia

La noticia complica la posición del gobierno frente a la huelga de los sindicatos, que ya llevan 12 días presionando contra el proyecto de reforma del sistema pensiones. Quienes se oponen a ella, dicen que forzará a millones de personas a trabajar más años o ver sus jubilaciones recortadas. La huelga de trenes y del transporte público sigue afectando a las grandes ciudades. El lunes hubo 630 kilómetros de atascos en las vías de ingreso a París. Para el...

December 17, 2019
Noticias, ,
Read more...
17Dec

Colombianos protestan contra proyecto de reforma tributaria de Duque

Cientos de colombianos protestaron este lunes contra un proyecto de reforma tributaria que está en curso en el Congreso, y que desencadenó en parte las movilizaciones masivas contra el gobierno de Iván Duque.Convocados por el Comité Nacional del Paro, que reúne a los sectores inconformes, los manifestantes, algunos con cacerola en mano, cuestionaron la llamada "Ley de crecimiento económico", porque, aseguran, alivia a las empresas más ricas y castiga a la clase media. "Están haciendo unas exenciones que...

December 17, 2019
Noticias, ,
Read more...
17Dec

México. ¿Ahorro para el retiro o para el desempleo?

Ante un entorno de pérdida de empleos, los trabajadores que cuentan con una afore recurrieron a ella para realizar retiros parciales por un monto de mil 143.6 millones de pesos, ello durante noviembre. De acuerdo con información de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), de manera acumulada en el año, los retiros parciales por desempleo sumaron 11 mil 194.3 millones de pesos. Esta cantidad es mayor a la registrada en el mismo periodo de...

December 17, 2019
Noticias, ,
Read more...
17Dec

Macron’s ‘Mister Pensions’ resigns amid transparency scandal as strikes continue

As massive strikes over pension reform in France continue for a 12th day – with unions livid, for one, that workers under the revamp would have to work until age 64 to retire without penalty – one key player is already out of a job: The father of the reform, Jean-Paul Delevoye, stepped down Monday under the glare of a transparency scandal. Delevoye, the High Commissioner for Pensions, handed in his resignation to President Emmanuel Macron, who accepted...

December 17, 2019
News, Slider, ,
Read more...
17Dec

South Africa Government Pension Returns 2.6% in Fiscal 2019

South Africa’s Government Employees Pension Fund (GEPF) returned 2.6% during the fiscal year ended March 31, down from 8.5% in 2018, but beating its benchmark of 2.3%. That brought its asset value to R1.82 trillion ($122.9 billion), an increase of R17 billion compared to the previous year. The fund attributed the outperformance of its benchmark to improved resource commodity prices, which it said favored the fund’s tactical overweight position in resources relative to the benchmark. The basic...

December 17, 2019
News, Slider, ,
Read more...
17Dec

Estonia: use robust growth to improve income equality and well-being

Estonia’s economy is performing well, and public finances are in excellent shape, yet growth is softening and spending pressures from infrastructure needs and an ageing population are mounting. Efforts should now focus on improving income equality and well-being, greening growth and accelerating the country’s digital transformation, according to a new OECD report. The latest OECD Economic Survey of Estonia notes Estonia’s expertise in information technology and its global head start in digitalising government services. Estonia now needs to accelerate...

December 17, 2019
News, Slider, ,
Read more...