November 2019

The Retirement Researcher Manifesto – Part One

As I have attempted to summarize the key messages and themes that have underscored my writing and research, I find that the following eight guidelines serve as a manifesto for my approach to retirement income planning. It is helpful to start with these guidelines because I will ultimately talk about how to implement these guidelines in practice. Play the long game Retirement income plan should be based on planning to live, not planning to die. A long life will...

La Ocde pide reformar los sistemas de pensiones para garantizar cobertura a largo plazo

Las nuevas tendencias digitales, globales, climáticas y demográficas están transformando el futuro de las economías y sus poblaciones. Las formas de empleo y, por lo tanto, las pensiones no son ajenos a este cambio. Así lo reveló la Organización para la Cooperación y el Desarrollo Económico (Ocde), en su informe sobre el Panorama de la Pensiones. Leer también Pensions at a Glance 2019 Los sistemas de pensiones en los diferentes países fueron concebidos bajo un modelo de estabilidad laboral, entendiendo...

Riesgos se disiparán y economía global se recuperará en 2020: JP Morgan

La continua escalada de las tensiones comerciales y la creciente posibilidad de un Brexit sin acuerdo, ocasionaron una desaceleración en la economía global que la llevó a crecer por debajo de los años previos, sin embargo, los analistas de JP Morgan Asset Management prevén que estos riesgos se están disipando y podrían revertir el crecimiento en 2020. De acuerdo con Gabriela Santos, estratega de mercados globales en JP Morgan, en las últimas seis semanas la intensidad de estos riesgos...

¿Por qué los españoles apenas ahorran para la jubilación? Solo los rusos dedican menos dinero para su retiro

La jubilación es uno de los problemas que más preocupa en nuestro país, ya que más de una cuarta parte (28%) de la población española considera que no está ahorrando lo suficiente antes de jubilarse. Esta preocupación puede ser justificada, pues España es el segundo país del mundo que menos dinero reserva para la jubilación. Los españoles confían en el apoyo de la familia y en el gobierno para mantener su poder adquisitivo una vez que su carrera...

Pensions at a Glance 2019

By OECD The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved. This edition also updates information on the key features of pension provision in OECD countries and...

Countries should strengthen pension systems to adapt to changing world of work

Governments should urgently reform their pension systems to ensure that the growing share of workers in temporary or part-time employment can contribute enough during their working lives to receive an adequate income in retirement, according to a new OECD report. Read also Pensions at a Glance 2019 Pensions at a Glance 2019 says that non-standard employment, such as self-employment, temporary or part-time work, now accounts for more than one-third of employment across OECD countries. Part-time work is three times more...

Japanese gov’t may include more part-time workers in pension system

The Japanese government may look to include more part-time workers into the national employee pension system by mandating companies with relatively small workforces to enroll in the program, local media reported Wednesday. Under the current system, firms employing more than 501 staff are required to participate in the program. However, the government is mulling lowering the figure to increase the number of workers enrolled in the employee pension program. In a bid to address concerns among workers about having...

Puerto Rico Retirement Plans Will See Tax Provisions Reinstated

House Bill No. 2172 (HB 2172), which intends to incorporate technical amendments to the Puerto Rico Internal Revenue Code of 2011, as amended, was approved by the Puerto Rico Legislature and sent to the Governor for approval, according to a client alert from law firm McConnell Valdés LLC. For taxable years commencing in 2019 and thereafter, HB 2172 would amend the PR Code to provide that distributions made by plans qualified under the U.S. Internal Revenue Code of 1986,...

France. ‘Pension change needed but has been badly explained’

THE strikes have the government worried and could result in a general election, says sociologist Jean Viard, however the outcome remains uncertain. Dr Viard, a director of research at Sciences Po who stood to be an LREM MP in 2017, said: “The press talks a great deal about December 5 and I have met members of government and know they are very worried, but it is unpredictable. “The SNCF and RATP are motivated, because the SNCF lost its...

CPPIB takes stake in Latin American fitness chain Smart Fit

Canada Pension Plan Investment Board has acquired a 12.4 percent stake in Latin American fitness chain Smart Fit. The investment was for C$340 million. Smart Fit, which currently serves 2.5 million members across 739 locations in ten countries, is headquartered in São Paulo, Brazil São Paulo, Brazil/Toronto, Canada (November 26, 2019): Canada Pension Plan Investment Board (“CPPIB”) has invested R$1,071 million (C$340 million) for a 12.4% stake in Smartfit Escola de Ginástica e Dança S.A. (“Smart Fit”), broadening its...