October 2019

02Oct

Japan. World’s Largest Pension Fund Reappoints Mizuno as CIO

Japan’s Government Pension Investment Fund reappointed Hiromichi Mizuno as its investment chief overseeing $1.47 trillion in assets. Mizuno, whose term was extended to March 31 after expiring Monday, captained sweeping changes to the investment strategy of the world’s largest pension fund over the past five years. He became the GPIF’s first chief investment officer in January 2015, managing the fund’s shift to stocks from domestic debt, while advocating assets that incorporate environmental, social and governance factors. The fund will...

October 2, 2019
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02Oct

Cuba’s works to address population ageing

The statistics speak for themselves: almost 30 percent of the Cuban population will be over 60 by the end of the next decade. There are several causes for this fact. The increase in life expectancy, which has reached 78 years for men and 82 for women, according to the basic indicators published by the Pan American Health Organization (PAHO) in 2018, as well as low levels of sustained fertility and a demographic dynamic marked by a negative net migration...

October 2, 2019
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02Oct

Global aging crisis: We’re all getting on

People on the planet are getting older. Developed countries are already struggling to deal with rapidly aging populations. According to demographic information released recently by the United Nations, by 2050 one of every six people alive will be over 65. To consider this phenomenon, let’s analyze the populations of three large, industrialized countries — the U.S., Japan and China. The life expectancy of Americans in the year 1900 was only about 47. Today it’s about 79, an increase of...

October 2, 2019
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01Oct

México. Se agotó el tiempo para mejorar la pensión de la primera generación Afore

El presidente de Amafore, Bernardo González Rosas, señaló que es urgente realizar cambios al sistema de pensiones para los más jóvenes. Sólo 30% de las 40,000 personas que cumplirán 65 años en 2021 (y cotizan en el sistema de Afore) tendrán derecho a una pensión, así lo anticipa la Asociación Mexicana de Afores (Amafore). El presidente del organismo gremial, Bernardo González Rosas, explicó que se trata de las personas que tenían 40 años al momento de la reforma en el sistema...

October 1, 2019
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01Oct

Japón sube dos puntos el IVA para costear la sanidad y las pensiones

Japón aplicará desde este martes una subida del IVA de dos puntos porcentuales, hasta situarlo en el 10%, para costear el creciente endeudamiento provocado por el envejecimiento demográfico que afecta a sus sistemas públicos de salud y de pensiones. Se trata del segundo aumento de este impuesto indirecto en los últimos años y que ha generado confusión entre los nipones. El anterior aumento de IVA fue len 2014, cuando pasó del 5% al 8%. El Gobierno de Shinzo Abe ha adoptado esta nueva...

October 1, 2019
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01Oct

Chile. AFP Uno: mayor competencia para el sector no significa mejores pensiones

Este martes entra al mercado de las AFP una séptima empresa. Para los especialistas, que baje el porcentaje de comisión por administrar cotización es relevante, pero no modifica en nada el actual sistema de capitalización individual. Lee también México. ¿Cuánto crece tu pensión si las Afores bajan su comisión? En medio del debate por la reforma previsional y la disputa judicial sobre de quién es la propiedad de los fondos ahorrados, este martes entrará a operar en el mercado...

October 1, 2019
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01Oct

México. ¿Cuánto crece tu pensión si las Afores bajan su comisión?

El porcentaje de ahorro que los trabajadores destinan por ley para su pensión resulta insuficiente. El titular de Consar afirma que reducir las comisiones de Afores sólo generará un efecto marginal y harán falta cambios de fondo. En agosto, las Afore anunciaron una disminución de comisiones, las cuales se ubicaron debajo de 1% por primera vez en la historia. Sin embargo, la baja en comisiones (que ahora se ubican en 0.9% en promedio) no implica un impacto considerable en las...

October 1, 2019
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01Oct

UK’s new ESG pension rules are just the first step: PLSA

New disclosure rules relating to UK pension funds’ consideration of environmental, social and governance (ESG) factors and engagement with investee companies should be seen as a first step in an “ESG journey for trustees”, according to the industry’s main trade group. Under the changes, which come into effect tomorrow, trustees must outline their approach to engagement with and voting of their shares in investee companies, and how they take account of financially material factors, including ESG and climate change considerations, in...

October 1, 2019
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01Oct

Trying Wall Street’s Patience, Brazil Postpones Pension

Brazil is trying Wall Street’s patience. Last Wednesday, the Senate was scheduled to vote on a much touted, and much needed, pension reform bill. Then it was postponed to Thursday. It didn’t happen on Friday. It is now supposed to go up for a vote on Tuesday, Senate leaders said. The market for Brazil equities has been in a holding pattern all week waiting for this vote; a vote that is supposed to be a lopsided win for president Jair Bolsonaro...

October 1, 2019
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01Oct

Australia. Super industry reacts to Treasury’s Retirement Review

Super industry experts have reacted positively to the Treasury’s announcement of a retirement income review, the first review of the superannuation industry in 30 years, but say they want the Government to stick to its existing planned reforms. The Retirement Income Review was announced by the Treasurer Josh Frydenberg and will examine the interaction between the age pension, compulsory super and voluntary savings. The Productivity Commission had previously urged the Government to undertake the review before increasing the superannuation guarantee (SG)...

October 1, 2019
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