October 2019

18Oct

Protestas y jueces ponen en apuros a presidente colombiano

Sindicatos de maestros y trabajadores salieron a las calles de Colombia este jueves para protestar contra las intenciones del gobierno de reformar las leyes laborales del país. Las manifestaciones se dieron en las principales ciudades colombianas horas después de que un alto tribunal fallara en contra de una medida tributaria mediante la cual el gobierno de Iván Duque pretendía solventar su déficit fiscal. La derogación de la Ley de Financiamiento marca un fuerte revés para la agenda legislativa del...

October 18, 2019
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18Oct

Perú. Presidenta de AFP de Perú y retiro anticipado de fondos: “Es una pésima idea”

Aunque originalmente la discusión central de la Reforma Previsional giraba en torno al aumento de la cotización obligatoria en un 4% con cargo al empleador, a estas alturas el principal debate es por la propiedad de los fondos ahorrados y si, por lo tanto, los afiliados pueden retirar anticipadamente los dineros cotizados para hacer uso de ellos. El martes 15 de octubre la segunda sala del Tribunal Constitucional (TC) le abrió la puerta a la idea, declarando admisible el...

October 18, 2019
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18Oct

Chile. AFP Hábitat solicitó un recurso en contra de la solicitud de retiro de fondos de Beatriz Valenzuela. Aquí sus razones.

El retiro anticipado de los fondos de pensiones sigue su batalla en el Tribunal Constitucional (TC). Hasta ese órgano acudió AFP Habitat, ligada a la Cámara Chilena de la Construcción y Prudential, para impedir que una funcionaria pública de Punta Arenas, rescate antes de la edad de jubilación, la totalidad de sus ahorros previsionales, que suman $51 millones. El texto al que accedió Diario Financiero, la administradora solicitó al TC un recurso de inaplicabilidad en contra de la solicitud...

October 18, 2019
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18Oct

Dutch pension pots stand out among global retirement funds

The world’s rich nations face a double-whammy, with ageing populations meaning more retirees — just as low and negative interest rates make it harder for pension funds to secure the investment returns needed to fill up their coffers. Read also PLSA 2019: Fintech could play key role in decumulation phase Pensions typically have three pillars: a basic state payout designed to prevent people falling into poverty once they stop work; a larger slice related to lifetime earnings; and voluntary top-ups...

October 18, 2019
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18Oct

Asia behind in sustainable investments, but attitudes are changing, industry leaders say

Asia lags behind Europe and other regions in constructing investment portfolios that consider environmental and social factors along with returns, despite rising demand for such products among investors globally, according to industry leaders. But, that is beginning to change as more and more funds are shifting to so-called environmental, social and governance (ESG) strategies in Japan, and China will require listed companies and bond issuers to disclose environmental and social risks in their businesses beginning in 2020, they said....

October 18, 2019
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18Oct

Pensioners sleep outside Zimbabwe banks as savings vanish again

As hundreds of pensioners line up outside a bank in central Harare in the hope of collecting their pensions, military veteran Elias Nyabunzi has a sense that he has seen this all before. If there is cash available, he will collect the equivalent of just $26, down from the $400 he was getting a few months back. A decade ago when he went to collect the lump sum he was also entitled to after 25 years in the army...

October 18, 2019
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18Oct

PLSA 2019: Fintech could play key role in decumulation phase

Fintech solutions such as online platforms and calculators could play an imperative role in helping mitigate savers' risks in the decumulation stage of their pension saving. In a panel discussion at the PLSA 2019 Annual Conference, industry experts explained that fintech could play a more important role in the decumulation stage than the accumulation phase. In response to an audience question, Aviva pensions proposition manager, Stephen Jackson said: “To some extent, fintech is more important in the decumulation stage...

October 18, 2019
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18Oct

Introducing a universal pension to Zanzibar

In older age, as health challenges limit people's ability to work, fewer women and men can secure a reliable, sufficient income to ensure they meet their day-to-day needs in later life. Many older people, particularly those who are poorer, must remain economically active to get by as they have limited options for income. Work in older age is mainly in the informal sector, which tends to provide lower and more volatile incomes. Without systems to ensure income security as...

October 18, 2019
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17Oct

The IMF Just Issued a Warning About Stretched Valuations, Pension Risks, and Rising Corporate Debt

As more of the world moves toward lower rates, investors, including pension funds and insurers, have pushed into riskier and more illiquid investments, stretching valuations, according to a report released Wednesday by the International Monetary Fund. Read also Pension Funds Sink Billions Into a Whole New World of Risk About 70% of economies globally have moved toward a more-accommodative monetary stance. Interest rate cuts from the Federal Reserve and others have bolstered stock markets and cushioned some of the blow to global...

October 17, 2019
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17Oct

Chile. Gobierno errático por retiro de fondos de AFP: Subse. de Previsión Social cambió postura de una semana a otra

El retiro de fondos previsionales se tomó la agenda y ha sido tan rápido que pilló desprevenido al Gobierno. Lo que al comienzo era un no rotundo por parte del Ejecutivo, se flexibilizó cuando el presidente Sebastián Piñera se abrió a analizar el tema. Este martes el ministro de Hacienda, Felipe Larraín, lo dijo fuerte y claro: “Nosotros lo veníamos estudiando hacía tiempo. No lo habíamos hecho público, pero veníamos estudiando hacía tiempo esta causal, la de enfermedad terminal”....

October 17, 2019
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