February 2023
03Feb

Opiniones divididas tras llamado del FMI a evitar nuevos retiros de pensiones

¿Qué paso? En su último informe económico sobre Chile, el Fondo Monetario Internacional (FMI) llamó a evitar nuevos retiros de ahorros previsionales, a raíz de la inflación que ha afectado a nuestro país. ¿Qué piensan los chilenos sobre los retiros? Respecto a un nuevo retiro de fondos de pensiones, las opiniones son divididas. "Hay que ponerse en el lugar de todos, hay gente que realmente lo necesita", señala una mujer, mientras otra persona coincide en que "es necesario acceder a un nuevo retiro,...

February 3, 2023
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03Feb

US pension funds are on the brink of implosion – and Wall Street is ignoring it

By David Sirota As public officials across America prepare to funnel even more of government workers’ savings to private equity moguls, an alarm just sounded for anyone bothering to listen. It is a warning that Wall Street executives, busy skimming fees off retirement nest eggs, want you to ignore. The longer the warning goes unheeded, however, the bigger the financial time bomb may be for workers, retirees and the governments that pay them. Earlier this month, PitchBook – the go-to news...

February 3, 2023
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03Feb

World’s Top Pension Fund GPIF Posts Longest Loss in 20 Years

Japan’s state pension fund, the world’s largest, posted a fourth straight quarterly loss in its longest losing streak in two decades. The Government Pension Investment Fund lost 1% during the quarter ended December, or 1.85 trillion yen ($14 billion), reducing its total assets to 189.9 trillion yen, the fund said in Tokyo Friday. Its Japanese stocks holdings rose 3.2% during the period and domestic debt lost 1.7%. The foreign equities portfolio was down 0.05%, while overseas bonds fell 5.3%. Once a...

February 3, 2023
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03Feb

Ghana. Employment Minister now in-charge of pensions

President Nana Addo Dankwa Akufo-Addo has appointed Mr Ignatius Baffour Awuah, the Minister of Employment and Labour Relations, as the Minister in charge of Pensions. The appointment, which took effect from Monday, January 30, 2023, was in accordance with section 211 of the National Pensions Act 2008 (ACT 766). This mandates the Minister to steer the affairs of the National Pensions Regulatory Authority, and the Social Security and National Insurance Trust. Mr Baffour Awuah made this known when he appeared before the...

February 3, 2023
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02Feb

México. Sin reforma fiscal, pago de pensiones es un obstáculo para el desarrollo del país: CEEY

El gasto de las pensiones del IMSS, ISSSTE, Pemex, CFE, Luz y Fuerza del Centro, Ferrocarrileros y del programa federal Pensión para el Bienestar de los Adultos Mayores (PBAM) será de más de 1.66 billones de pesos para este año lo que equivaldría a 5.2% del Producto Interno Bruto (PIB). Para ponerlo en perspectiva, el monto destinado al pago de pensiones es mayor a 2.5% del PIB que se gasta en salud, a 3.1% en educación y a 2.9% en...

February 2, 2023
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02Feb

Los diputados uruguayos comienzan a debatir la reforma jubilatoria que impulsa el presidente

Los diputados de la coalición del gobierno uruguayo conformaron una comisión especial que tendrá a su cargo el análisis del proyecto de ley de reforma del sistema de seguridad social (jubilaciones y pensiones) en la Cámara de Representantes. El objetivo del gobierno es que antes que culmine el primer trimestre de este año la iniciativa quede sancionada y se convierta en ley. Es uno de los principales temas que el presidente Luis Lacalle Pou ha dicho en más de una...

February 2, 2023
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02Feb

Most Kenyans lack a saving scheme – RBA

Close to 14 million workers mainly in the informal sector do not have any form of savings, according to the Retirement Benefits Authority (RBA). The authority is warns that this will have far reaching consequences in future as the number of poor retirees with no savings hits the streets. According to Jackson Ngotho, a director with RBA, close to 13.9m Kenyans have no form of savings towards their retirement, the majority being in the informal sector. He noted that of the 3.5...

February 2, 2023
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02Feb

U.S. A Retirement Income Distribution Plan Is as Critical as Saving

The majority of your life is spent in accumulation mode — earning a steady income and putting money aside for things like retirement, savings, your child’s education or a dream vacation home. After years of investing and saving, it is critical to shift your mindset out of accumulation mode and into distribution, or decumulation, mode when retirement nears. Making that mental shift is difficult for most, but having a comprehensive wealth plan that includes a retirement income distribution strategy...

February 2, 2023
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02Feb

Trade Unions In Bangladesh Win Universal Pensions

The ITUC welcomes a new law passed in the Bangladesh parliament which establishes a framework for universal pensions. This new law represents a breakthrough following intensive advocacy from trade unions, as well as civil society groups, within the Bangladesh Social Protection Advocacy Network (BSPAN) to extend social protection in the country. The new law will provide, for the first time, the possibility for all Bangladeshi workers to benefit from income security in retirement. Previously, the pension system in Bangladesh was...

February 2, 2023
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02Feb

U.K. Department of Work and Pensions launches collective defined contribution consultation

The Department of Work and Pensions (DWP) has launched a public consultation on a policy framework for broadening collective defined contribution (CDC) provision in pension schemes. The consultation was launched to get views from the public on policy proposals for broadening CDC provision beyond single or connected employer schemes, to accommodate multi-employer schemes. It has also asked for opinions on the role of CDC in decumulation, including how products of this kind might work in practice, and whether there is a significant...

February 2, 2023
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